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Dubai tabloid 7Days set to cease operations in December

Dubai tabloid newspaper 7Days is set to shut down by the end of December as a result of severe advertising cuts.Owners 7Days Media said the entire news operation, including the website, will close on December...

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Posted by: Doug Nov 30, 2016 9:27 AM [UAE]

Unfortunately not a surprise. 7Days was a breath of fresh air when it launched (actually well written, would actually run articles other than 'everything is wonderful') but the niche is now being better served by the National.

A shame to see it go, but worth noting that it was aimed at Anglo-Saxon expats, a market that typically won't bother with a print newspaper anymore. I will miss its fantastically bonkers letters pages.

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1

Syria denounces Qatar for saying it will continue to back rebels

Syria's Foreign Ministry on Monday denounced comments by Qatar that it will continue to back rebels against Syrian President Bashar al-Assad as merely an attempt "to raise the morale of the terrorist groups...

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Posted by: Mariam Nov 29, 2016 1:18 PM [UAE]

Until countries stop arming and supporting these rebels, there will never be peace in Syria. The banter 'Assad Must Go" is a decision that the Syrian people must make, not outside influences.

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2

Fadi Ghandour urges region to take risks and invest in start-ups

Aramex founder and Wamda Capital chairman Fadi Ghandour has called on investors in the region to invest in startups in their early stages.Speaking at the 2016 Arabian Business Digital Forum, Ghandour said...

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Posted by: KazimK Nov 29, 2016 1:17 PM [United Arab Emirates]

Calculated risk taking is still at an infancy stage. You don't find many takers for a start-up in this region. While some people may have great ideas and may not necessarily have the acumen to monetise it or make a business out it, and this gap is where you need incubators to step in and ensure that entrepreneurship is not limited to a few elite who have access to the funds or other resources.

While it is great to see Alabbar and other established businessmen (& government agencies to an extend) take the lead in the digital space, ideas and creativity from the young people is being lost as there is no path for them to be a success.

Wise words Mr. Ghandour. Hopefully someone will take notice.

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1

Entrepreneur of the Week: Dany El-Eid

Dany El-Eid, a Lebanese-Canadian entrepreneur based in Dubai for more than a decade, believed in the power of augmented (AR) and virtual reality (VR) technologies much before photos of heads of state trying...

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Posted by: Morrad Irsane Nov 29, 2016 9:29 AM [UAE]

Congrats Dany...amazing entrepreneur keep it up !

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1

As it happened: Arabian Business Digital Forum

(1.15) The final discussion of the morning was on 'payment gateways, blockchain and security' and featured Bhairav Trivedi - group CEO, Network International; Ola Doudin - co-founder & CEO, BitOasis...

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Posted by: Husam Yaghi Nov 29, 2016 9:29 AM [Saudi Arabia]

Amazing session. By far one of the most fruitful. Honest discussions, several remarks hit the the nail on the head.
Mr. Alabbar is an amazing entrepreneur who is up to speed on the latest in technological advancements. Mr. Ghandour as usual is sincere and pushes for a healthier ecosystem. The 16-year old amazing Stefano Fallaha is reassurance that Arab youth are the bright future, Mohammad Al Munaikh was brave for telling it as is (the dark truth about VC's), and the rest of the panelists are just as wonderful. Without the brilliant moderation by Mr. Andrew Neil, I'm not sure how the forum would have been.

Such events contributed significantly to enriching the entrepreneurship ecosystem. One step at a time with all stake holders chipping in; we'll be stronger.

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1

IMF: Tax on expat remittances would bring 'negative consequences'

Imposing a tax on the remittances and incomes of expats in the Gulf will lead to negative consequences, as foreigners make up 90 percent of the region's private sector workforce, the International Monetary...

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Posted by: Ben Nov 29, 2016 9:27 AM [U.A.E]

This is the unfortunate reality. The tax free- we-have-all play that has worked for 50 years is drawing to an end. While this will have short term consequences, the long term will be that people will see the tax as a part of living in the gulf and eventually accept it.

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8

New 2030 plan to inject $44bn into Dubai economy

The new 2030 Dubai Industrial Strategy, which will oversee 75 initiatives in an effort to generate an extra $44 billion for the emirate’s economy, has been approved by Sheikh Mohammed bin Rashid Al Maktoum...

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Posted by: Glamo Spot Nov 29, 2016 9:26 AM [UAE]

what about Textiles manufacturing, garments, denim, towel , leather etc

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2

Raising money from VC funds in Dubai

If you can avoid it, avoid itThe businesses most likely to get funded are those that do not need funding. Build monetisation right into your product and spend as little money as possible.If you manage...

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Posted by: khalid Nov 27, 2016 12:56 PM [UAE]

great read and insight.
sometimes the best articles are not from journalists.

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1

New Emiratisation initiative set to launch for UAE banking sector

A new Emiratisation initiative has been approved for the UAE's banking sector and is scheduled to come into force in January, as the country looks to encourage more nationals into the private sector.The...

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Posted by: Ben Nov 27, 2016 12:55 PM [U.A.E]

"Flexible work hours, quality of medical services provided by the employer, the number of holidays, the flexibility of working from home "

Those are perks offered by Silicon valley types- who hire the best and brightest and in turn employers who are willing to burn the midnight oil, learn and make sacrifices. I doubt the two will see eye to eye in the Middle East banking sector

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1

Dubai's police commander dies after heart attack

Dubai's police chief, Lieutenant General Khamis Mattar Al Mazeina, has died and will be buried on Friday, Dubai Media Office has announced.Al Mazeina, General Commander of Dubai Police, died on Thursday...

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Posted by: Veronica Chapman Nov 27, 2016 9:17 AM [UAE and UK]

RIP, huge thank you for keeping Dubai Safe, Condolences......

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