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TAQEEM launches Red Book of RICS valuation
RIYADH — The Saudi Authority for Accredited valuers (TAQEEM) announced the launch of the Arabic version of the RICS Valuation – Global Standards, effective from Jan. 31, 2020, also known as the “Red Book” which comes as an extension to the collaborative efforts between the Royal Institution of Chartered Surveyors (RICS) and (TAQEEM) and supports TAQEEM's and RICS’ endeavor to achieve mutual designation and recognition between the two organizations. It is a useful reference resource for Arabic-speaking valuers and other stakeholders, as well as being a mandatory standard for RICS members against which they are regulated.The Red Book contains mandatory professional, technical and performance standards as well as advisory valuation applications for all RICS members undertaking...
June 14, 2020

TAQEEM launches Red Book of RICS valuation

Cinemacity Al Qana.
Al Qana construction is on track for completion
ABU DHABI, UAE — Abu Dhabi’s most exciting upcoming destination, Al Qana is on track for construction completion by end of Q4 2020. Developed by Al Barakah International Investment, the UAE’s ultimate social dining, entertainment and wellness space, is being built at pace for citizens, residents and visitors to Abu Dhabi to enjoy.The landmark location which will be Abu Dhabi’s newest waterfront destination, also revealed some of its progress milestones, highlighting the exciting realization of this iconic new addition to the Emirate’s architectural and social fabric.Al Qana is a unique collection of attractions that will include state-of-the art facilities:The region’s largest aquarium (The National Aquarium); The first-of-its-kind lifestyle and wellness hub (The Bridge); The...
June 14, 2020

Al Qana construction is on track for completion

Schneider Electric will provide free online monitoring and troubleshooting for organizations in the region.
Technology, digital strategies will power MEA’s recovery and create new economies
DUBAI — With investments in transformative agenda expected to peak over the next four to five years, over 2,000 technology leaders from across the Middle East and Africa came together online to discuss how technology can be best used to help organizations adapt to and grow in today’s economies during the region’s first Digital Innovation Day, organized by Schneider Electric, themed Resilient Digital Transformation.Experts from across the globe shared insights on how organizations can best use technology to survive disruption and create opportunities for growth. According to the latest predictions revealed by International Data Corporation (IDC), manufacturing is estimated to invest $6 billion in digital transformation by 2023, while government enterprise IT will top spending at $8...
June 14, 2020

Technology, digital strategies will power MEA’s recovery and create new economies

A memorandum of understanding (MoU) has been signed between Madinah Development Authority (MDA) and Huawei.
MDA, Huawei join forces to combat spread of COVID-19
RIYADH — With the government of Saudi Arabia encouraging public and private sector collaboration in the use of advanced technologies in response to the COVID-19 outbreak, a memorandum of understanding (MoU) has been signed between Madinah Development Authority (MDA) and Huawei.The memorandum allows Huawei to use its technology for good in the fight against the spread of COVID-19 in the Madinah Region as part of its CSR mandate to support Saudi society.The memorandum was signed between David Tao, GM of Enterprise Business Huawei Tech Investment Saudi Arabia and Ibrahim Al-Jaroudi, chief support services officer of Madinah Development Authority.In line with the government’s ongoing efforts, the memorandum permits Huawei to donate solutions and products powered by artificial intelligence...
June 13, 2020

MDA, Huawei join forces to combat spread of COVID-19

Smoking decreased, weight increased during COVID-19 — HPD study
SHARJAH — The preliminary results of the scientific study conducted last April by the Health Promotion Department (HPD) at the Supreme Council for Family Affairs Sharjah in cooperation with the University of Sharjah have shown that 39% of smokers decreased their smoking during the COVID-19 pandemic and 29.4% reported that their weight increased during the lockdown, while 32% have increased their food intake.The study aims primarily to investigate the influence of COVID-19 lockdown on dietary behavior, lifestyle changes, and health practices. According to a web-based survey posted in Arabic and English on social media platforms, 98% of those surveyed believe that home isolation is a good way to protect their families and to stop the spread of infectious disease outbreaks and that 83% of...
June 13, 2020

Smoking decreased, weight increased during COVID-19 — HPD study

Ziad Matar, president of the Dubai Chapter of TiE (The Indus Entrepreneur).
TiE Women competition for entrepreneurs in KSA and MENA
RIYADH — The Dubai chapter of The Indus Entrepreneurs (TiE) announced its official participation in TiE Women, a global initiative dedicated to empowering women entrepreneurs across the globe.Through the TiE Women initiative, TiE Dubai aims to provide budding women entrepreneurs in KSA and the MENA region with a platform to collaborate and showcase their business potential.Under the TiE Women initiative, a series of chapter-level start-up support programs for Women Entrepreneurs will be conducted, culminating into a regional Women 2020 pitch competition. Female entrepreneurs with businesses that have an interesting business idea and match entry criteria will be eligible for the title and participate in the Grand Finale.The vision and goal of TiE Women is to ‘Embrace, Engage, Empower’...
June 13, 2020

TiE Women competition for entrepreneurs in KSA and MENA

What will make a cruise ship safe again?
COVID-19: What will make a cruise ship safe again?
DUBAI — Microbe Marine, a well-established team of marine professionals with vast experience in hazardous materials and hygiene virus auditing on ships and rigs have the solution to help re-establish the cruise industry and rebuild consumer trust with its Oxygen Cluster Process (OCP) technology.Citing the silent spreaders and viruses transmitted from surface contact as the main causes of virus transmission, the Oxygen Cluster Process will combat these main risks by producing a mass of oxygen clusters, which bombard and kill all viruses and bacteria on surfaces and in the air, disinfecting clothes and people without any impact 24/7, keeping passengers and crews safe.The directors at Microbe Marine have been working closely with the top specialists in the marine and science field to adopt...
June 13, 2020

COVID-19: What will make a cruise ship safe again?

Careem business case wins MENA case writing competition
DUBAI – WDI Publishing, part of the William Davidson Institute at the University of Michigan and publisher of cutting-edge business cases and teaching materials for business schools around the globe, recently announced that authors from Kent State University in the United States have won its first-ever MENA case competition.The winning case, “Careem: MENA Ride-hailing leader Acquired by Uber” was submitted by Professor Chris Groening and PhD student Ahmad Al Asady.Under the theme, “Doing Business in the Middle East and North Africa Region,” the case competition was launched to shed light on the unique and realistic challenges and advantages of doing business in MENA. The Careem academic case study, analyzed issues related to Careem’s growth options after it had been acquired by...
June 13, 2020

Careem business case wins MENA case writing competition

Simon Jelley
Businesses must pay $1,167 per customer affected by ransomware attacks: Study
DUBAI — Veritas Technologies, a global leader in data protection and availability, has released the findings of ransomware research that found that consumers overwhelmingly believe businesses should stand up to hackers and refuse to pay ransoms.However, in the event that the consumer’s own personal data is compromised in an attack, they appear to have a change of heart wanting businesses to surrender to those criminals an average of $1,167 per user.With recent high-profile hacks reportedly breaching hundreds of thousands of users’ records, the expectation from users would be for the supplier to pay hundreds of millions of dollars in the hope that their data is returned. This is on top of the cost to businesses of downtime, brand reputation and customer trust.71% of the 12,000 survey...
June 13, 2020

Businesses must pay $1,167 per customer affected by ransomware attacks: Study

Over 100,000 oil and gas jobs lost in US, wages seen falling in 2021
OSLO — The US oil and gas labor market is amongst the world’s most severely hit by the downturn that the COVID-19 pandemic has brought, a Rystad Energy analysis of the latest data from the US Bureau of Labor Statistics (US BLS) reveals. More than 100,000 oil and gas jobs have already been lost in total, with most of them coming from the support activities market.The data shows that the four oil and gas segments most affected are support activities for oil and gas operations (44,550 jobs cut from a pre-COVID-19 level of 233,550), pipeline and gas and related construction (16,000 jobs cut from 227,000), drilling of oil and gas wells (13,450 jobs cut from 79,450) and oil and gas extraction (9,600 jobs cut from 156,600).In addition to the above four segments from the US BLS, Rystad Energy...
June 12, 2020

Over 100,000 oil and gas jobs lost in US, wages seen falling in 2021

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