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Admin SAE

Admin SAE

Medical Schools

 

Investment Description

Currently, 1,500 physicians graduate every year in Saudi Arabia and another 700 come from abroad. In addition, the government has planned to spend USD 1.6 billion to increase the number of graduates to 4,700.

Gx SOD production plants

 

Investment Description

In Saudi Arabia, the Gx SOD market is USD700 – 900 million and is expected to grow 10% p.a. until 2025. Several local small-to-medium companies produce generics, with a largely domestic focus and a limited product portfolio, capturing ~30% of market share.

Middle East Business Magazine

Many corporations, both public and private, fail to achieve their targets while executing strategic plans. Lack of senior executive leadership capacity development is considered one of the main causes for this phenomenon, among several other factors. In this article, Ayman Adhair explores why this is happening and how best to prepare leaders in the Middle East to be better equipped to drive and enable implementation. He argues that implementing integrated succession and talent management, as well as creating a culture of leadership that engages and inspires employees at all levels, is the best way to foster leadership capacity in Middle East and consequently enhance successful implementation of strategic plans.

مجلة الشرق الاوسط للأعمال (ميدل ايست بزنس)


ريتشارد بورتس

كشف ريتشارد بورتس أستاذ الاقتصاد في كلية لندن لإدارة الأعمال أنه من المرجح أن تشهد معدلات الاستثمار وأسعار الصرف انخفاضاً حال تفعيل المادة 50 من معاهدة لشبونة في شهر مارس 2017.

Photo Caption: (left to right) Abdul Razzak Mikati, Managing Director, DTP and Tayfun Topkoc, Managing Director, SAP UAE partner on aviation technology innovations.

 

Global Aviation Analytics Market to Double to USD 4 Billion by 2021;

DTP (Dubai Technology Partners) and SAP Co-Innovate on Crowd and Flight Performance Management and Forecasting Solutions at GITEX

By: Carlo Maria Rossotto and Xavier Decoster

 

(This article is published originally at: http://thisweekinpalestine.com/?s=economy

 

A World Bank report issued in February 2016 estimates that over the last three years the total accumulated revenue from the Palestinian mobile sector would have been over US$ 1 billion higher if the restrictions on this sector had been lifted. The associated fiscal losses of the Palestinian Authority (for the same period) are estimated at as high as US$ 184 million, counting non-collected VAT alone. This amount equals up to 3 percent of the GDP.

 

ايمن ابو الخير

هل نحن في مرحلة اجتياز الاقتصادي المهيمن القائم على أساس المصانع الكبيرة والشركات متعددة الجنسيات إلى عالم يقوم على حرية الاختيار، الذي سيتمكن فيه الكيانات الصغيرة من المنافسة مع الشركات الكبيرة،وبالتالي ستساهم في تشكيل اقتصاد المستقبل؟ هل نحن فعلا بصدد عبور الاقتصاد "التناظري" الحقيقي الى الاقتصاد الافتراضي، ام ان الانتقال سيكون من الاقتصاد الافتراضي الى الاقتصاد الحقيقي؟

Its strategic geographic location, ease of doing business and favourable legislation position the UAE at the forefront of e-commerce investment in the region and globally

 

Dr. Belaid Rettab

senior director for Economic Research & Sustainable Business Development at the Dubai Chamber of Commerce and Industry

 

The United Arab Emirates with Dubai in the lead has recently been named the top country in the Arab world for ease of doing business. The recognition is well deserved and comes at a highly opportune time as investors increasingly look the region to expand their business and improve their geographical advantage. The UAE is now viewed as the fastest growing market for e-commerce whose value is expected to grow from $2.5bn currently to some $10bn over the next two years. This will largely be due to high internet and smartphone penetration among local residents and expats, as well as improved connectivity and changing consumer attitudes, according to experts.

 

“In recent years, we have seen a shift in the local business community towards e-commerce,” said Dr. Belaid Rettab, senior director for Economic Research & Sustainable Business Development at the Dubai Chamber of Commerce and Industry.

 

“Many companies are recognising the importance of building an online presence and platform to market products and services to a wider client base. They have also seen a number of big success stories come out of the UAE, where e-commerce businesses have flourished, expanded regionally and raised significant funding from investors abroad,” he added.

 

Some of the UAE’s most successful ventures include Souq.com, an English-Arabic language e-commerce platform, often described as the Amazon of the Middle East; it is also the largest in the Arab world. Groupon and Dubizzle are two other highly successful e-ventures, the former being an American multinational platform present in more than 28 countries including the UAE, and the former – a region-wide website for classified ads where you can buy, sell or advertise almost anything for free.

 

According to Rettab, interest in e-commerce has been on the rise particularly from Dubai Chamber members. This has prompted the organisations to launch a number of comprehensive programmes to help educate and train its members and the wider business community on best e-commerce practices. Its latest initiative to support the sector’s growth includes a partnership with what’s arguably the world’s top e-commerce enterprise Alibaba.com. Launched and based in Hangzhou, China, Alibaba is a leading business–to–business (B2B) e-commerce platform for global wholesale trade. The idea is to further empower businesses to take full advantage of the Internet revolution and facilitate their access to global markets, Dr. Rettab explains.

 

“The partnership opens the door for companies in the MENA region to explore untapped potential in new markets, enabling them expand their reach globally. We expect to reach an agreement soon to offer our members Gold Membership on Alibaba.com at a discounted rate, providing an even greater incentive for businesses to buy and sell on the platform,” he said.

 

In response to strong regional demand, Dubai Chamber is now looking to add more e-commerce services. It would seek to aid companies engaged in business-to-consumer (B2C) activities by partnering with the region’s biggest B2C e-commerce platform to help enhance their products and service offerings.

 

“We have recently introduced a “Trusted Member” Label scheme as a mechanism to help our members and companies throughout the Middle East and North Africa build trust with potential partners online. The logo gives businesses a competitive edge in a crowded market. Moreover, we have been actively working with chambers of commerce from other emirates, in addition to Saudi Arabia, to extend similar the benefits to their members,” Rettab said.

 

Regardless of location, type of service being offered, and target customers or markets, there are a number of ground rules every e-commerce entrepreneur should know about before proceeding with any major investments. Proper planning, for example, is absolutely essential if you wish your business to be able to compete well on a regional and global scale.  

 

“It is important to remember that online platforms are the face of a brand and should be designed around the needs of tech-savvy consumers. Websites, tools and solutions should evolve in line with consumer demands, which tend to change rapidly. Staying on top of the latest technology trends and digital marketing techniques is incredibly important,” explains Rettab.

 

Developing a sustainable business model and manpower investment are just some of the challenges investors are likely to face when looking at e-commerce opportunities, according to Rettab, who believes entrepreneurs tend to underestimate the costs of building an online business of scale. To help address these issues, companies should exchange best business practices and lessons learnt in the form of educational and interactive platforms, roundtable discussions, seminars and conferences, Rettab adds.

 

Over the last few years, the UAE government has expended significant efforts to encourage e-commerce investment. It offers a favourable business environment for entrepreneurs and startups through its various free zones which offer up to 100% foreign ownership and tax exemptions, in addition to low setup and labour costs. The process to set up an e-venture in the UAE is considered a lot simpler when compared to other countries in the region. After securing a trading license, entrepreneurs can register with free zones which allow them to make use of flexible office space at a fraction of the rent cost.

 

Dubai is at the forefront of the UAE’s e-commerce strategy. It houses three major freezones -- Dubai Internet City, Dubai Media City, and Dubai Silicon Oasis, where startups and small businesses can benefit from operating alongside likeminded organisations with similar interests and ambitions.  The government has recently adopted legislation that encourages foreign investment and eliminates administrative obstacles, and is currently looking at allowing full foreign ownership of companies outside free zones in strategic sectors.

 

“These incentives, along with a rapidly growing e-commerce sector and very high Internet and smartphone penetration rates, make the UAE an attractive market for foreign investors offering plenty of unique opportunities,” said.

 

Despite most markets staying depressed and global economic growth showing no signs to recover, not at least in the short term, the future of e-commerce both in the region and outside looks overall bright. The sector is growing rapidly and could exceed $3.6 trillion by 2020, according to market research firm Technavio. In the short to mid-term the Middle East and North Africa (MENA) region is likely to see heightened investor interest, with Dubai leading the way in adopting new solutions and technologies as it transitions towards becoming a smart city, Rettab says. He views the emirate as being at the center of the region’s e-commerce boom, serving as a gateway to other Gulf countries, as well as other African and Asian markets with high growth potential.

 

“Consumers are increasingly turning to e-commerce websites for cost-savings and convenience. At the same time, they are demanding quality products and a seamless shopping experience. This is why e-commerce players in this region must continuously work to improve their standards, solutions and offerings,” he concluded rather positively.

By Ayman Abualkhair

 

Are we in a stage of passing the dominant economic age, based on large factories and multinational companies, to a world predicated on freedom of choice, in which small entities would have the potential to compete with large companies, and hence shape the future economy? Are we crossing the age of a real economy to a virtual one, or is it moreover transitioning from a virtual economy to a real economy?

Middle East Business Magazine

 

Education is not a mere concept it is considered a life journey that is worthy for all of us, of our time and trust. It is not deniable that education is facing challenges and demands structural reforms.

About Us

Enjoy the power of entrepreneurs' platform offering comprehensive economic information on the Arab world and Switzerland, with databases on various economic issues, mainly Swiss-Arab trade statistics, a platform linking international entrepreneurs and decision makers. Become member and be part of international entrepreneurs' network, where business and pleasure meet.

 

 

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144, route du Mandement 

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