UAE world's top hotspot for hundreds of startups, indicate studies

Agencies
March 27, 2019

Mar 27: Studies indicate that the UAE is the world's top hotspot for hundreds of startups followed by New Zealand, Singapore, Norway, Germany, Japan and Sweden.

It is observed that startups in the country are mainly involved in e-commerce, marketplaces, and infrastructure/software as a service, which account for 69 per cent of the total number of startups. About 52 percent of these startup companies are B2C ventures, in addition to the fact that 93 percent of them are headquartered in Dubai. 

This was released ahead of this year's AIM Startup, an initiative of UAE Ministry of Economy's National Programme for Small and Medium Enterprises and Projects that aims to connect promising startups with investors and business partners from all around the world. AIM Startup will take place in Dubai on 8th-10th April in conjunction with Annual Investment Meeting (AIM).

"The UAE, which ranked 26th globally and third in the MENA region in the 2018 as per the Global Entrepreneurship Index, remains one of the most favoured destination for startup investments. Strong government support for innovation, creativity, and entrepreneurship is a key driving force behind the growing startup eco-system in the country, backed by advanced infrastructure, business-friendly environment, political and economic stability, and cosmopolitan lifestyle," said Dawood Al Shezawi, Chairman of the Organising Committee of AIM Startup.

A recent report indicated that startups and companies in the Middle East bagged $610.3 million in total funding from external investors, with 93 percent of them securing more than $1 million each.

"Over the years, we have witnessed an overwhelming investment in Middle East startup companies, particularly the UAE as a result of the growing confidence of regional and global investors in their potentials and growth capacity. To sustain this momentum, we are holding AIM Startup to provide companies with a rare opportunity to raise capital, enter into new markets, and build new alliances with key investors and business leaders from the government and private sectors. It will be an ideal platform to generate new leads, interact with their like-minded peers, and connect with potential investors from around the world," added Shezawi.

At the upcoming AIM Startup, which will run under the theme 'Harnessing Global Digitisation to Empower Startups and SMEs', more than hundreds of Startups are joining the 2019 edition to engage with investors, government representatives, corporate executives, and industry experts. The international event will not only enable the participants to showcase their unique products and services, but it will also give them a chance to take part in a number of learning and networking events.

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Agencies
February 5,2020

Paris, Feb 5: Saudi Arabia has reported an outbreak of the highly pathogenic H5N8 bird flu virus on a poultry farm, the World Organisation for Animal Health (OIE) said on Tuesday, February 4.

The outbreak, which occurred in the central Sudair region, killed 22,700 birds, the OIE said, citing a report from the Saudi agriculture ministry.

The other 385,300 birds in the flock were slaughtered, it said.

The case was the first outbreak of the H5N8 virus in Saudi Arabia since July 2018.

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News Network
January 16,2020

Abu Dhabi, Jan 16: The number of people being killed by terrorism activities worldwide has decreased significantly over the recent years, according to the latest Global Terrorism Index.

The 2019 Global Terrorism Index, which was presented at a forum in Abu Dhabi on Wednesday also showed that the UAE improved its ranking in the index by coming down to 130th rank among the 163 countries. The terrorism impact in the UAE is categorised as 'very low'. In the UAE, only two terrorism incidents were reported over the past decade - one in 2010 and another in 2014 - and there were no casualties.

Commenting on the report, Mansour Al Mansouri, director of the UAE National Media Council (NMC) said: "These findings rightly show the UAE as one of the safest countries in the world in terms of terror threat."

The index showed that the total number of deaths from terrorism declined for the fourth consecutive year in 2018, falling by 15.2 per cent to 15,952 deaths. This represents a 53 per cent reduction since its peak in 2014 when 33,555 people were killed in terrorist attacks.

The index published for the seventh year in a row, ranks 163 countries across the globe according to the relative impact of terrorism. This takes into account the number of terrorist incidents, deaths caused by terror and total value of property damage.

The latest results saw three Middle East countries - Iraq, Syria and Yemen - continue in the top 10 positions of the index.

The findings also showed Taleban overtaking Daesh as the deadliest terrorist group in the world, accounting for 38 per cent of all terrorist deaths. This is an increase of 71 per cent. Afghanistan is the country most affected by terrorism in 2018 followed by Iraq, Nigeria, Syria and Pakistan, according to the report. The least impacted nations were Belarus, Guinea-Bissau, Oman, The Gambia and North Korea.

During his presentation of the key findings of the index at the Foreign Correspondent's Club of the UAE (FCC), Serge Stroobants, director of Europe and Mena at the Institute of Economics and Peace, said lesser people were now being killed in terrorism activities.

"There have been long-term trends in global terrorism, with deaths caused by terror down by 52 per cent compared to high point of 2014, which saw Daesh and Boko Haram at their peak," said Stroobants attributing the decrease in the deaths to the increase in security measures and cooperation among nations in the fight against terrorism.

In contrast to this, there has been a 320 per cent increase in far-right terrorist incidents in the West, with political ideology being the driving force behind an increased proportion of terror motivation.

"There has been an increase in far-right terrorism in Western Europe, North America and Oceania for the third consecutive year," said Stroobants.

Terrorism still remains a global security threat, according the index, with 71 countries recording more than one death - the second highest number of countries since 2002.

Stroobants said conflicts remain the main cause of terrorism with 90 per cent of terrorist incidents occurring in places where there are conflicts or insurgencies.

The report said the global economic impact of terrorism was $33 billion in 2018, a substantial decrease of 38 per cent from the previous year.

Boko Haram was responsible for 80 per cent of all female suicide attacks, said the terrorism index.

Global Terrorism Index: Most affected countries

>Afghanistan (7379 deaths)

>Iraq (1,054 deaths)

>Nigeria (2,040 deaths)

>Syria (662 deaths)

>Pakistan (537 deaths)

>Somalia (646 deaths)

>India (350 deaths)

>Yemen (301 deaths)

>The Philippines (297 deaths)

>Democratic Republic of the Congo (410 deaths)

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News Network
March 24,2020

Mar 24: Saudi Arabia has recorded its first death from the coronavirus in a 51-year-old Afghani resident, Health Ministry spokesman Mohammed Abdelali told a televised news conference on Tuesday.

The man's health deteriorated quickly after reporting to a hospital emergency room in the city of Medina and he died on Monday night, Abdelali said.

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