Business & Investments

ADQ and Oman Investment Authority launch USD 180 million technology-focused fund to bolster the digital economy

ADQ and Oman Investment Authority launch USD 180 million technology-focused fund to bolster the digital economy

  • The launch of Jasoor Fund, a technology-focused fund, will invest in small and medium enterprises and startups in sectors including FinTech, EdTech, HealthTech, cleantech, food and agriculture, and logistics
  • The Fund, which is part of a broader commitment outlined in a framework agreement signed between the two parties in 2022, will primarily target investments in Oman, with a secondary focus on the wider MENA region
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Technologies

Cisco Study Reveals 91% of UAE Companies Use AI Technologies in their Cybersecurity Strategies

Cisco Unveiled the UAE findings of its Cybersecurity Readiness Index for 2024 at GISEC:

Cisco Study Reveals 91% of UAE Companies Use AI Technologies in their Cybersecurity Strategies to Address Today’s Rapidly Evolving Threat Landscape

News Summary:

  • The 2024 Cybersecurity Readiness Index by Cisco shows a remarkable increase in cybersecurity investment plans within UAE organizations, with 99% of respondents planning to increase their cybersecurity budgets in the next year.
  • Cybersecurity Readiness is critical: 85% of respondents said a cybersecurity incident is likely to disrupt their business in the next 12 to 24 months, while 65% of respondents already experienced a cybersecurity incident in the past year.
  • The persistence of the cyber talent gap underscores the need for innovative solutions, with 90% of companies highlighting talent shortage as an issue.
  • Companies are aware of the challenges and are ramping up their defenses with 68% planning to significantly upgrade their IT infrastructure to address security challenges in the next 12 to 24 months.
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Business & Investments

Future Forward: Gearing Up for BNI UAE’s Expo of Breakthrough Opportunities

Future Forward: Gearing Up for BNI UAE’s Expo of Breakthrough Opportunities

  • BNI UAE is set to host the BNI UAE’s Expo 2024 at the Jafza One Convention Centre on April 27, highlighting the theme “Breakthrough” to inspire innovation and provide outstanding networking opportunities for business growth.  
  • The BNI UAE’s Expo 2024 will bring together key industry leaders and professionals from various industries as well as feature panel discussions and celebrate accomplishments within the BNI community. 
  • In line with this year’s theme BNI UAE’s Expo has renowned speakers who will share experiences igniting breakthrough journeys through networking
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Real Estate

Binghatti Launches its Debut Project Adjacent to Dubai Hills

Binghatti Launches its Debut Project Adjacent to Dubai Hills

Dubai, UAE, April 24, 2024: The Emirati developer Binghatti is launching a new mega development in Dubai. The landmark project Binghatti Hills is set to become the most expansive development within the community. The unveiling of this project will be held on the 29th of April followed by a four-day sales event in Four Seasons Jumeirah, Dubai.

The exquisite project will comprise a total of 1666 residential units and 21 retail spaces. Drawing inspiration from the natural contours of terrains, Binghatti Hills seeks to capture the serene ambiance of a rolling hillside and translate it into an architectural masterpiece that embodies the spirit of tranquility amidst the bustle of city living.

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