Pacific Controls (PCS), a leading provider of Internet of Things (IoT) managed services solutions globally and Middle East’s largest Tier 3 secure data center / cloud services provider, has collaborated with WSO2.Telco, creator of a ground breaking digital enablement platform, to launch Middle East’s first Digital Business Hub. The Digital Business Hub provides “API as a Service” and is designed to enable enterprises and Telecommunications companies (MNOs) to transform the way they engage and partner in the digital ecosystem. The Digital Business Hub will also contribute towards the acceleration of the on-going transformation of Dubai into the world’s most advanced and connected Digital Marketplace.
The three-day forum will be attended by more than a thousand internal auditors from across the region to discuss business innovation in the field of internal auditing.
If the year 2015 was one of struggle for the precious metal gold, chances are that the situation will ease out in 2016. Last year, gold prices took a beating from widespread speculation that the United States Federal Reserve would adjust the interest rates. As such, the beginning of 2016 saw a rather gloomy forecast. However, there has been a quick change in the scenario with gold prices rising by about 19 per cent in less than three months. A recent analysis of ABN Amro suggests that the precious metal should average USD 1,214 per ounce in 2016, up from the earlier forecast of USD 995.
The UAE logistics industry is likely to grow by 4 percent in 2016. In addition, capacity expansion and infrastructure investment are likely to strengthen the competitiveness of logistics service providers (LSP). This is the conclusion drawn by Frost & Sullivan which has also noted that new technology solutions and transport infrastructure enhancement will be key to surviving disruption and transformational growth of the logistics industry in the UAE. Moreover, despite lower oil prices, the economic growth is expected to be driven by non-oil economic sectors and construction activities relating to capacity expansion. With the logistics market expected to grow at a compound annual growth rate (CAGR) of 5.7 percent between 2015 and 2020, the report notes that the key drivers for economic growth are the infrastructure investments associated with national logistics development plans, EXPO 2020, and trade with Asia and Sub-Saharan African countries. “Airport expansion and the GCC rail network will strengthen alternate mode for freight and cargo transportation and, despite lower oil prices, manufacturing industries will support demand for domestic logistics services,” the report states. The GCC logistics infrastructure is increasingly becoming important as the region has emerged as an important trans-shipment point for Europe-Asia trade and also as a multi-modal logistics hub to cater to the needs of increasing trade within the block. The GCC’s economic and logistics services integration is likely to derive the creation of integrated multi-modal transport system and the strengthening of multi-modal transportation corridors in the region.
While many Dubai residents are currently focussing on buying affordable apartments in the city’s prominent localities, the emirate’s high-end villas will continue to attract a niche of home buyers. The exotic luxuries associated with Dubai have lured people from the farthest corners of the world. And since we are talking about lavish living, it is almost impossible not to mention designer villas built on man-made islands featuring lush green gardens, private beaches and yacht docking areas.
HE Al Mansoori: “New and Renewable Energy initiatives are essential for attracting foreign capital to UAE”
Crestron, the world’s leading manufacturer of advanced control and automation systems, will be making its debut at sustainable development event Retrofit Tech, Dubai, 14-15 March.
First Delivery of New Falcon 8X Ultra Long Range Jet to Gulf Operator by Year’s End
Souq.com, the Middle East’s largest online retail and marketplace platform, announced on February 29, 2016 that it has completed a funding round of more than AED 1 billion (USD 275 million), the largest financing of an e-commerce business in the Middle East. The significant investment will support the company’s future growth, strengthen e-commerce in the region and empower more businesses to grow online through Souq.com’s platform.
A startup for startups might sound like a bit of a far-fetched idea at first. But not after Philip Bahoshy has explained the concept behind floating a venture called MAGNiTT. A British-Iraqi entrepreneur who has been living in Dubai for more than seven years, Philip acquired a B.Sc. in Economics from the London School of Economics and then an MBA from INSEAD, following which he decided to set off on the path of entrepreneurism. He realised, however, that is not as easy to get the ball of independent business rolling as management programmes will have you believe. Most fresh entrepreneurs end up with a lost struggle, mostly due to the frustration that stems out of getting concept validation, guidance and support, and funding opportunities. That is what set Philip to think about how he could help change this situation. And thus was born MAGNiTT.
In an attempt to accelerate growth of the Middle East and African hotel landscape, Aleph Hospitality, a pioneering third-party hotel management company founded by industry veteran Bani Haddad and headquartered in Dubai, announced its official launch with the unveiling of the company’s new website, alephhospitality.com.
Increasing high-speed connectivity, cheaper Pay TV, high-definition (HD) TV, and the growing adoption of Over-The-Top (OTT) videos will redefine the business environment for the MENA media industry in the next five years. This is the finding by Frost & Sullivan, a growth partnership company, which is the knowledge partner for CABSAT 2016, a leading conference and exhibition for broadcast and digital media industry in the MENA that will be held from March 8-10 at the Dubai World Trade Centre. Frost & Sullivan will release a ‘state of the industry’ report on March 8. This in-depth industry insight will share key findings of the industry trends in media content marketplace, changing business models, viewership habits, technology trends, drivers and challenges, factors driving technology investment, and a technology investment index of countries in the region.