Bahrain is one of the top 10 startup ecosystems with the largest share of female founders, according to the 2019 Global Startup Ecosystem Report (GSER), launched at the recent TNW conference in Amsterdam. Described as ‘the world’s most comprehensive and widely-read research on startups’, the report is produced by StartUp Genome in partnership with the Global Entrepreneurship Congress.
The south Caucasus region, which consists of Azerbaijan, Georgia, and Armenia, has recently started gaining popularity among UAE residents as one of the most preferred destinations for short vacations, supported by aggressive promotional campaigns by travel agents and tour operators. With Azerbaijan being the largest destination for UAE travellers to that region (and in the top 10 globally), this article focuses on recent trends and developments in the UAE - Azerbaijan tourism corridor with the aim of highlighting potential opportunities for Dubai based tourism organizations.
For the second consecutive year, Siemens has prepared an annual report entitled, ‘In the UAE, for the UAE – Making real what matters,’ detailing the company’s activities and impact in the United Arab Emirates. The report, also known as ‘Business to Society’, demonstrates that during financial year 2018 and coinciding with the Year of Zayed the company’s business goals aligned with the ambitions of the UAE, its government, its people and the broader society. The Year of Zayed marks 100 years since the birth of the founding father of the country, the late Sheikh Zayed bin Sultan Al Nahyan, who had emphasized the importance of giving back to the community.
Up to 1 in 5 candidates across the EMEA Life Science’s industry have been found misrepresenting information on their job applications, according to recent findings by HireRight, a leading provider of global candidate pre-employment screening services. The findings have been released as part of HireRight’s 2018 EMEA Employment Screening Benchmark Report, which surveyed over 6,000 HR professionals across the EMEA, APAC and US regions.
Axalta (NYSE: AXTA) today released its 66th annual Global Automotive Color Popularity Report which shows white as the global leader in consumer vehicle color choice in 2018. At an astounding 38 percent, white held its top spot with a significant gap ahead of second-place black (18%) and a third-place tie between silver and gray (12%).
Currencies
Dovish Powell bullish for Euro
The pair saw some downward pressure on better than expected US NFP data and worse than expected Euro area macro data outcome. Market continues to receive positive influence from Chinese central bank’s monetary policy easing which is further supported by positive sentiment surrounding investors’ hopes of favorable outcome in Sino U.S. trade talks which is seeing first face to face interaction post President Trump & Xi Jing Ping’s agreement last month during G-20 summit for a 90 day pause to ongoing tariff war between them. Last week, Fed Chair Jerome Powell state that rate hike plans for 2019 are not fixed and could change based on macro data outcome & economic scenario signaling that Fed is ready to pause rate hike if needed boosted equity market performance and also added substance to increased risk appetite which market is experiencing.
