Dubai-based business tycoon Mohamed Alabbar, prominent in the real estate and property development industry of the United Arab Emirates and former director general of the Dubai Department of Economic Development, announced on November 13 the launch of a $1 billion regional e-commerce site in a joint venture with the Saudi sovereign wealth fund and other Gulf investors, called Noon.com.
Global leaders in the satellite industry have combined to help support the humanitarian community in times of devastation and crisis - by signing a Crisis Connectivity Charter which will effectively enhance connectivity during humanitarian emergencies.
Saudi Telecom (STC) has agreed to purchase a 10% stake worth $100million in UAE-based ride-hailing service Careem. The acquisition comes just months after Saudia Arabia’s Public Investment Fund (PIF) invested a stake in Uber – which is the global rival to Careem.
Startups in Jordan and the Palestinian Territories will be vital in driving the Levant's Digital Economy and job creation for technology talents, SAP announced at the Start-up Focus Event in Amman, hosted by startup enabler and technology company SAP and supported by Zain Innovation Campus (ZINC) and USAID West Bank and Gaza through its Compete Project.
Dubai has emerged number 1 in a Smart City Index that studied 10 Gulf cities’ strategy and execution of smart city campaigns. Dubai stood out for its strategic vision coupled with a clear understanding of the practical requirements to deliver on its vision, in a study released by Huawei and Navigant on the first day of GITEX 2016.
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