Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), hosted the launch of the International Monetary Fund (IMF) Fall 2018 Regional Economic Outlook (REO) report for the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region.
The Report highlights economic growth in the region, with real GDP growth predicted to reach 2.7 percent across the MENAP region and 3.0 percent in the GCC in 2019. In the near term, higher oil prices and a slower pace of fiscal consolidation are supporting a positive outlook for most oil exporting countries.
The Report recommends that MENAP countries prioritise [...]
SAP and Qualtrics announced they have entered into a definitive agreement under which SAP SE intends to acquire Qualtrics, the global pioneer of the experience management (XM) software category that enables organizations to thrive in today’s experience economy.
Under the terms of the agreement, SAP will acquire all outstanding shares of Qualtrics for US$8 billion in cash. SAP has secured financing in the amount of €7 billion to cover purchase price and acquisition-related costs. The purchase price includes unvested employee incentive compensation and cash on the balance sheet at close. Subject to customary closing conditions and attainment of regulatory [...]
The International Air Transport Association (IATA) revealed that present trends in air transport suggest passenger numbers could double to 8.2 billion in 2037.
The latest update to IATA’s 20-Year Air Passenger Forecast, shows that an increasing shift Eastwards in the center of gravity of the industry is behind the continued strong growth. Over the next two decades, the forecast anticipates a 3.5% compound annual growth rate (CAGR), leading to a doubling in passenger numbers from today’s levels.
The Association warned, however, that growth prospects for air transport, and the economic benefits driven by aviation, could be curtailed if protectionist measures are [...]
Dubai Statistics Center (DSC) revealed that Dubai’s resident population grew by 232,400 to reach 3,136,400 at the end of the third quarter of 2018, a growth of 7.7% from the third quarter of 2017.
HE Arif Al Mehairi, DSC Executive Director, said: “The rise in population reflects Dubai’s growth as a dynamic economic and tourism hub. The population of non-resident workers and temporary residents in Dubai is currently 1,155,000, while the total active daytime population of the emirate is 4,291,400. As much as 37% of Dubai’s active daytime population comes from outside the emirate.”
“DSC adopts international standards and methodologies to monitor Dubai’s rapidly changing [...]
Technology investments relating to Smart City initiatives across the Middle East and Africa (MEA) region will total more than $1.3 billion in 2018, according to the latest insights from International Data Corporation (IDC). The global technology research and consulting firm’s newly released Worldwide Semiannual Smart Cities Spending Guide shows that this figure is set to reach $2.7 billion in 2022.
“The new edition of IDC’s Worldwide Smart Cities Spending Guide represents a substantial stride towards gaining granular insight into how cities around the world are transforming,” says Serena Da Rold, program manager for IDC’s Customer Insights & [...]
Vice President and Prime Minister of the UAE, Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum said that building the future is not merely an improvisational decision but a strategic plan based on knowledge and clear goals. His Highness also said that decisions related to the future of human being and humanity should be based on a comprehensive understanding of what is really needed in order to be able to set the future directions to build opportunities that support development of human communities.
“The Challenges facing the world are many, and opportunities for achieving a comprehensive sustainable development are huge, mainly amid the big data revolution [...]
European spending on mobility solutions is forecast to reach $293 billion in 2018, according to a new update to the Worldwide Semiannual Mobility Spending Guide from International Data Corporation. IDC expects the market to post a five-year compound annual growth rate (CAGR) of 2.4%, leading to spending in excess of $325 billion in 2022.
Western Europe (WE) accounted for 78% of total mobility spending in 2017 and will remain by far the largest contributor in the wider European region, with a CAGR of 2.7% for the 2017–2022 period. At the same time, mobility expenditure in Central and Eastern Europe (CEE) will grow at 1.2%.
Mobility plays a central role in [...]
By Claire Vincent, Founder & CEO of MENA Creation
So you’ve heard about Design Thinking – but why are companies and their CEO’s so excited about it?
Here are three reasons why it’s so different and such an important new method of sustainably growing your business.
*Design Thinking is a more efficient PROBLEM-SOLVING methodology. It aims to look at things DIFFERENTLY, and it is suited to solve problems with more complexity.
*Is it HUMAN CENTERED
The entire process starts by placing human beings at the center and builds out from there. People are unique, and this approach takes this into account.
*It is [...]
RTA has launched a new generation of vehicle inspection using innovative technologies as part of its participation at GITEX 2018 (14-18 October). The state-of-the-art process renders the inspection faster, easier and more accurate for RTA and customers alike.
“We are striving to boost the Government’s drive to rank Dubai the smartest and happiest city worldwide using cutting-edge technology, especially Artificial Intelligence(AI) systems,” said AbdullaYousef Al Ali, CEO of RTA’s Licensing Agency.
“Despite the contemporary technology & information revolution era, vehicle inspection technology still hinges entirely on traditional methods and human factor. This [...]
Deputy Ruler of Dubai His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum today visited the 38th GITEX Technology Week. The trade show that began on 14 October runs till 18 October at the Dubai World Trade Centre.
Sheikh Maktoum was taken on a tour of the stands at GITEX, which are showcasing some of the most cutting-edge and revolutionary technologies being deployed by organisations in the Middle East, Africa and South Asia.
During the tour, His Highness reviewed solutions and services presented by various government departments including the legislative control system service which will be launched in early 2019. He also visited the Sheikh Zayed Housing [...]
Centrify, a leader in both the Privileged Access Management (PAM) and Identity-as-a-Service (IDaaS) markets, announced it is spinning out its IDaaS business as a standalone company named Idaptive. Centrify is sharpening its strategic focus on redefining the legacy approach to Privileged Access Management with cloud-architected Zero Trust Privilege to stop the leading cause of breaches — privileged access abuse. Idaptive will deliver Next-Gen Access to protect employees, partners and customers with their market-leading IDaaS solution.
Tim Steinkopf, Chief Financial Officer, has been named CEO of Centrify effective January 1, 2019. During his seven years as CFO at Centrify, the [...]
His Excellency Khalfan Belhoul, CEO of Dubai Future Foundation (DFF), stressed the importance of concerted national efforts, and consolidating the culture of partnership, to enhance cooperation between government entities in Dubai, and exchange experiences and to reach an integrated work system, in line with the objectives and strategies of building the future.
This came during the signing of a Memorandum of Understanding (MoU) with The Supreme Legislation Committee, the Dubai Competitiveness Office at the Department of Economic Development, and Smart Dubai to support the second phase of the Dubai 10X initiative. Dubai 10X was launched by His Highness Sheikh Mohammed bin [...]
At GITEX, Cisco is unveiling its latest suite of technologies to support the Middle East’s path to digital transformation. At a time of increasing pressure to embrace digitization, these innovations aim to help enable both public and private providers in the region to adopt cloud based solutions. Cisco will showcase its technologies under the theme of ‘Secure, Intelligent Platform for Digital Business,’ at GITEX 2018, from October 14 – 18, 2018, at the Dubai World Trade Centre.
“Recent technological advances have significantly improved the capabilities of machine learning and artificial intelligence (ML/AI) systems. As a broad category of techniques and solutions, ML/AI has [...]