Schroders has become the first FTSE 100 company to publish details of its gender pay gap as pressure mounts on the financial services industry to stamp out imbalances in how much men and women earn. Schroders found that fixed pay for its female staff was 33 per cent less on average when compared to salaries for male employees at Europe’s second largest listed asset manager. It also […]
· H.E. Tamim: ‘One of our top strategic priorities is to provide the youth as our future leaders with best learning opportunities’ 25 March 2017 UAE – The Board of Governors of Hamdan Bin Mohammed Smart University (HBMSU) met with the University Learners Council recently to discuss the integrity and quality of the educational process in the university in a first-of-its-kind gathering in the UAE. The […]
When Flavio Evers Cassou, an employee of the world’s biggest meatpacker, JBS, dropped off a large cooler of meat at a friend’s home last year in southern Brazil, he could not have foreseen the crisis of confidence it would cause in the industry and the country’s wider corporate sector. The friend in question happened to be Maria do Rocio Nascimento, the chief inspector of products of animal […]
By Tova Cohen and Steven Scheer | TEL AVIV TEL AVIV Intel’s $15.3 billion acquisition of Mobileye has catapulted Israeli hi-tech into the global league, and is likely to stimulate investment in the sector’s other late-stage startups, where funds are most needed. Fundraising in late-stage startups – more mature firms that are already selling products rather than just the bright but unexploited ideas of entrepreneurs – has […]
The Middle East is not Silicon Valley, nor should it aim to be, according to venture firm Wamda Capital’s Khaled Talhouni. Speaking at the Arabian Business Startup Academy yesterday, Talhouni said the region should aim to create a system that works for its circumstances, instead of mimic an existing one in the West. “I couldn’t disagree more that the Middle East is like Silicon Valley, not because […]
20 March 2017 Doha, Qatar – After reaching the mark of two million users per month to become the largest flight metasearch engine in Brazil, Travel Capitalist Ventures announces a substantive investment in Voopter. The “Series B” comes from Travel Capitalist Ventures (Qatar office), a travel focused investment firm providing capital, hands-on advice and resources, as well as a co-investment with No Borders Investments Limited (Doha). The […]
Tim Byrnes is an unlikely symbol of China’s bid to become the world’s high-tech superpower. For a start he is Australian. Yet the 39-year-old quantum physicist’s decision to swap a research post in New York for Shanghai goes some way to explaining the lengths to which Beijing is going in its efforts to upend the world order. “Quantum physics is very strong in China,” says Mr Byrnes. […]
Senior Officials Attend Opening Ceremony at MENA Headquarters in Dubai Internet City DUBAI, United Arab Emirates – 14 March 2017 SAP SE today announced a five-year USD 200 million investment in the UAE, underpinning objectives outlined by the UAE Vision 2021 plan to create economic diversity and jobs for youth. Senior officials participated in the official ribbon-cutting VIP ceremony and inaugurated the new SAP MENA headquarters in […]
The Gulf’s healthcare industry is expected to receive the highest volume of investments in 2017 among non-oil sectors as GCC countries seek to further diversify their economies, according to a new survey. CFA Institute, the global association of investment professionals, said its annual Middle East Societies Market Sentiment survey also forecse an increase in hospitality and tourism investment. It said in a statement that in Saudi Arabia, […]
When Intel’s chief executive addressed shareholders at last month’s investor day, he insisted that the “traditional market view” of the company as a Silicon Valley stalwart making chips for PCs and servers was wrong. “The way we look at the world is a bit different,” Brian Krzanich said. “We are a data company.” Investors would soon discover just how differently Mr Krzanich was looking at Intel’s world. […]
Business Akram Assaf on founding Bayt.com, where he wants the company to go over the next five years, where good ideas come from within the company, and what he wanted to be when he grew up. We caught up with Akram at Scale-Up UAE by Endeavour, an event that brings together its network of entrepreneurs, mentors, partners and investors from the UAE, the Middle East and around […]
Business Mona Ataya is the founder and CEO of Mumzworld. We asked her where she wants the company to go over the next five years, where good ideas come from within the company, and what he wanted to be when he grew up. We caught up with Mona at Scale-Up UAE by Endeavour, an event that brings together its network of entrepreneurs, mentors, partners and investors from […]
Montclair is a New Jersey bastion of the Trump-doubting privileged class that went back to the future Thursday with an imperiled species: a new broadsheet newspaper. But, if Trump could wind up president, who says a broadsheet Lazarus can’t rise from the media ashes and make it somewhere? The weekly Montclair Local debuted in the 36,000-person bedroom community of New York City rife with ink-stained and digitally […]
I’d like to say it isn’t so, but we all know the countdown to the onset of summer has already begun. Make the most of all the great outdoors has to offer with 10 of the best al fresco activities across the four compass points of the UAE. newslide Beach sports Dubai’s meandering shoreline is awash with outdoor experiences, and the newest kid on The Beach, opposite […]
There are efficiency gaps between the startup ecosystems in Singapore and Silicon Valley, which the former can address by introducing simpler and clearer investment terms. Doing so would, in turn, attract more mature startups to their fold and better set up founders for success, according to executives from muru-D’s Singapore outfit. The Telstra-owned accelerator had just completed its second batch of eight startups under the six-month programme, […]
Most entrepreneurs occasionally face unfavourable circumstances, from underperforming staff or chronic complaining customers to difficult economic conditions, mounting fees, and other often unforeseen hassles. However, there are outlier entrepreneurs, those whose decisions to persevere greatly outnumber the impediments they encounter. “I was stubborn. I had been dreaming about that project forever. I didn’t want to give up,” says Ziad Kamel, founder of Couqley UAE, a French bistro […]
Photo A medical marijuana farm near the northern Israeli city of Safed. Credit Dan Balilty/Associated Press JERUSALEM — Israel, which has been at the forefront of research into medical marijuana and the drug’s commercialization, took a major step on Sunday toward officially decriminalizing its recreational use. At a time when many American states and European countries are loosening marijuana laws, the Israeli cabinet approved a plan that […]
· Tasdeer showcased 20 Qatari food and beverage sector companies at Dubai World Trade Center from 26 February – 2 March 2017 · Food and beverage industry valued at more than USD $5 trillion globally, according to estimates · Expo attracted key businessmen, decision-makers and investors from agri-food industry from across the world 05 March 2017· Tasdeer showcased 20 Qatari food and beverage sector companies […]
Entrepreneur Elon Musk has an estimated current net worth of $13.4 billion from interests in transport, payments and space technology Sending tourists for a trip around the moon is the latest big idea launched by Elon Musk, a Silicon Valley star known for turning his passions into visionary enterprises. Musk has become one of the United States’ best-known innovators. He was a founder of payments company PayPal, […]
The US broke its long drought of hot technology initial public offerings on Thursday as shares in Snap soared more than 40 per cent in their market debut despite questions about corporate governance and profitability at the owner of vanishing messaging service Snapchat. A pack of traders huddled around the desk of Snap’s designated market maker for more than an hour after the opening bell at the […]
Organisers of the Middle East Film and Comic Con (MEFCC) say the sixth edition to be held in Dubai in April will be its biggest ever. The pop culture convention is returning at the Dubai World Trade Centre (DWTC) from April 6-8 with a showcase of the best regional and international talent, celebrity guests, pop culture exhibitors and activities, a statement said. Over the past five years, […]
28 February 2017 Dubai, UAE – Gulfood 2017, the 22nd edition of the world’s largest food and beverage trade platform, has rubberstamped its standing as a true industry weathervane and innovation laboratory. Right across the 1,000,000 square foot show, which runs until Thursday 2 March at Dubai World Trade Centre (DWTC), up to 90,000 food professionals from 150 countries are absorbing tens of thousands of products being […]
For many of the Iranian director’s fans, the award was a source of pride: Iran mostly makes the news outside their country for missile tests or for orchestrated anti-Western rallies, they point out. Continue reading the main story At the heart of Mr. Farhadi’s films are the social struggles that many urban Iranians face daily: divorce, migration, domestic violence and the small but destructive lies that are […]
SoFi, the biggest and the brashest of a new breed of online lenders in the US, has sealed a $500m funding round, giving it firepower to push into new products and markets including Canada and Australia. The private San Francisco-based company last received a big shot of funds — its fifth — in September 2015, when SoftBank of Japan led a $1bn round, the biggest in the […]
