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November 13, 2017

Success of FinTech Hive at DIFC celebrated during Investor Day by tripling programme for 2018

FinTech Hive at DIFC, the first-of-its-kind accelerator in the region, concluded its inaugural cycle today with the much-anticipated Investor Day that saw the 11 programme start-ups present their products to a host of investors and industry experts.

FinTech Hive at DIFC, developed in partnership with Accenture, has become a centre of innovation for partners and participants. Over the course of the day, the 11 finalists of FinTech Hive at DIFC, the region’s first accelerator, had the chance to promote the solutions and ideas they worked on during the 12 week programme to representatives from the accelerator’s financial institution partners and the wider investor [...]

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November 13, 2017

Future Cities and Big Data

Written by Rabih Soueidi, Managing Partner of Sapience Consultancy

The line between what we conceive to be reality and science-fiction is becoming thinner as technology continues to advance. Imagine that we can open a wormhole to the time dimension and transport an average person from the eighteenth century to our current date, there will be no doubt that everything would seem to be supernatural in his or her point of view. Now, what if we could extend our wormhole so that we jump into the mid-twenty-first century? What we would see and how we would conceive things? One matter of fact is that cities won’t be the same.

The city of the future will be smart and built [...]

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November 12, 2017

Market Insights: Positive start to the final quarter of 2017 in the UAE, according to Emirates NBD

October data indicated an uptick in growth of the UAE’s non-oil private sector. Strong expansions in both output and new orders contributed to the positive start to the final quarter of 2017. Meanwhile, stocks of purchases rose at a record pace in October, linked to expected demand. On the price front, output prices fell at the fastest rate since March 2010, whilst cost burdens increased at a solid rate.

The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the UAE non-oil private sector.

Commenting on the UAE PMI® survey, Khatija Haque, Head of MENA Research at Emirates NBD, [...]

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November 12, 2017

Emirates set for largest presence ever at Dubai Airshow

Emirates is gearing up for the 2017 edition of the Dubai Airshow, with the airline showcasing its largest static aircraft display to date. Emirates’ full family of aircraft consisting of the airline’s 100th A380, its latest Boeing 777-300ER with new cabin interiors, the Emirates Executive A319 aircraft, and the Cirrus SR 22 and Embraer Phenom 100 jets which will be utilized by the Emirates Flight Training Academy will be on display to visitors. Both Emirates B777-300ER and A380 aircraft will be emblazoned with the “Year of Zayed” decal as a tribute to the late founding father of the UAE.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates [...]

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November 11, 2017

Market Insights: Downturn in the Egyptian non-oil private sector softened in October, according to Emirates NBD

The latest data indicated that the downturn in the Egyptian non-oil private sector softened in October. Contractions in output, new orders and employment all eased. Meanwhile, business confidence hit a 26-month high, signalling strong optimism towards future growth prospects, with many expecting economic stability over the coming year. Furthermore, both output and input price inflation softened.

The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the Egyptian private sector.

Commenting on the Egypt PMITM survey, Khatija Haque, Head of MENA Research at Emirates NBD, [...]

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November 11, 2017

Market Insights: Strong start to the final quarter of 2017 for Saudi Arabia’s non-oil private sector, according to Emirates NBD

October data signalled a strong start to the final quarter of 2017 for Saudi Arabia’s non-oil private sector. Sharp growth of both output and new orders contributed to latest improvement in operating conditions. On the price front, an uptick in cost pressures was recorded, which according to anecdotal evidence led to higher selling prices. Business confidence improved during October, prompting firms to increase stocks of purchases at a record rate in anticipation of further improvements in economic conditions.

The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the Saudi private [...]

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November 9, 2017

Dubai on track for another record year, with tourist arrivals Up 7.5% at the end of Q3 2017

Dubai has maintained its strong performance through 2017 and is on track for another record year in terms of tourist volumes, according to the latest data released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism). A total of 11.58 million international overnight visitors arrived in Dubai during the first nine months of 2017, reflecting a 7.5 per cent increase over the same period last year, underlining the strength of the emirate’s tourism industry as well as the growing appeal of Dubai as a global tourism destination of choice.

India retained top spot on Dubai’s list of source markets for inbound tourism, with 1,478,000 Indian tourists arriving in the [...]

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November 9, 2017

Cisco Launches Innovation and Experience Center to Bring Digitization to Life for the Middle East

Cisco launched a state-of-the-art Innovation and Experience Center (IXC) at its Middle East regional hub in Dubai, United Arab Emirates. The center will serve as a hub for open innovation and showcase what is possible with digital transformation in sectors that range from retail and hospitality to healthcare, education, and financial services.

The IXC is a first of its kind worldwide in that it combines innovation capability with a customer experience showcase to bring digitization to life for Cisco’s customers and our partners. Visitors will have the opportunity to experience the latest Cisco® solutions applied to real-world, real-time scenarios and get a 360-degree view of [...]

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November 8, 2017

Hamdan bin Mohammed launches first report of Urban Mobility Innovation Index

Crown Prince of Dubai and Chairman of Dubai Executive Council His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched the first report of the Urban Mobility Innovation Index (UMii) that features 30 global cities including London, New York, Munich, Istanbul, Hong Kong, Kuala Lumpur and Dubai. The report was approved by the Board of International Association for Public Transport.

Dubai’s participation in the Index is in line with the Dubai Innovation Strategy, which includes about 20 initiatives to be implemented over three years with the aim of making Dubai the most innovative city in the world. Transport is one of the key pillars of the Strategy.

The [...]

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November 7, 2017

GE Aviation and Tableau Partner to Better Serve the Airline Industry with Data Analytics

GE Aviation’s Digital Solutions and Tableau Software  announced an agreement to empower commercial and military airline customers across the aviation industry with agile visual analytics that can help improve fuel efficiencies, aircraft safety and consumers’ overall flying experience. GE’s Predix platform will provide rich services with detailed data and reports blending airline and industry data that aviation customers can acquire to analyze and customize on-the-fly with Tableau’s advanced visual analytics capabilities.

“We are working with our partners to make aviation data accessible and useful to everyone in the industry, and not just engine data,” said Andrew Coleman, [...]

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November 5, 2017

eHosting DataFort’s Managed Security Services Portfolio Reinforced with New Solution Offerings

eHosting DataFort (eHDF), the region’s leading Cloud Infrastructure, Managed Hosting and Security Services Provider, today announced the expansion to their Managed Security Services portfolio with advanced services that include SIEM, Real Time Threat Monitoring (RTTM), Remote Managed Security Services, Advanced Threat Protection (ATP), PCI Security Services, Incident Response (IR), etc. This also includes eHDF’s new Cyber Defense Centre (CDC), which was launched earlier this year and lends a new dimension to Managed Security Services.

As IT infrastructure for both enterprises and SMBs face increasingly sophisticated security threats and complex compliance requirements, the [...]

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November 3, 2017

Emirates welcomes 100th A380 to its fleet

Emirates today celebrates the milestone delivery of its 100th Airbus A380 aircraft at a special ceremony with Airbus at the manufacturer’s delivery centre in Hamburg.

His Highness Sheikh Ahmed bin Saeed Al-Maktoum, Emirates’ Chairman and Chief Executive officiated the ceremony. He was joined at the event by Sir Tim Clark, President Emirates Airline; Tom Enders, Airbus Chief Executive Officer; Dominic Horwood, Rolls-Royce, Director – Customer and Services; His Excellency Ali Al Ahmed, UAE Ambassador to Germany and Frank Horch, Senator for Economy, Transport and Innovation of the Free and Hanseatic City of Hamburg.

Sheikh Ahmed said: “This is a tremendous moment for [...]

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October 28, 2017

Global Financial Forum welcomes industry experts from across the globe

Dubai International Financial Centre (DIFC), the leading international financial hub for the Middle East, Africa and South Asia (MEASA) region, announced new additions to the speaker list and the final agenda for its inaugural Global Financial Forum (GFF), which will be held on Tuesday 14 November 2017, at the Four Seasons Resort Dubai, Jumeirah Beach, Dubai, UAE.

GFF will explore geopolitical, technological and financial trends and discuss how they are affecting the finance industry today and in the future. With close to 400 executives and industry experts from global financial institutions selected to attend, the forum will take a broad view of the global finance while [...]

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