Dubai to Focus on Seamless Transactions

Seamless is Middle East’s biggest and important event that provides an exhibition platform for payments, Fintech, e-Commerce and retail. This year’s event oversaw discussions major topics such as Fintech, Blockchain, AI (Artificial Intelligence)  and Innovations. The event also provided a platform for tech companies to display their latest technologies that could facilitate and ease the process of online payments.

The 19th edition of the Seamless Middle East took place at Dubai World Trade Centre from 15th April to 16th April 2018 under the patronage of Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior. The event was sponsored by Dubai Airport Free zone (DAFZA) and Wasl Asset Management Group aiming to make Dubai the most attractive and ideal e-Commerce destination. More than 350 international and regional companies participated in the event along with 10,000 industry professionals and tech enthusiasts. Several thought provoking dialogues and keynotes were exchanged throughout the event that helped the attendees to think beyond the obvious and prepare for the future.

Seamless Middle East – Event Highlights

The two day event was packed with a tight schedule. Conferences, Demos, exhibitions and visitor attractions on latest trends in e-Commerce, Fintech, Blockchain, AI Innovations and retail were organized in the event. business plan in UAE Networking opportunities and award functions were also held. More than 300 speakers delivered thought provoking keynotes in the conference. Some of the major highlights of the events are listed below

Demos

The seamless Middle East provided “free to attend” conferences under “demos” that provided visitors unparalleled peer-to-peer learning opportunity. Some of the topics that were covered in demos are listed below.

Digital Payments

Fintech

Migrating from EMV to Dual Interface

Customer Conversion

Digital Marketing

Logistics & Fulfilment

Building online Trust

Visitor Attractions

The visitor attractions provided a platform to learn through interactive launches, showcases and interviews, located within the exhibition floor.

e-Commerce University – A one day programme devoted to helping entrepreneurs build, launch and grow a profitable e-Commerce business.

Fintech Showcase – A showcase of international and regional Fintech companies.

Launch Pad – A showcase of genuine innovation in latest products and services never before seen in the Middle East.

Start-Up Zone – Success stories of innovative e-Commerce companies over the past 12 months.

Pitch-offs – An opportunity for e-Commerce start-ups to pitch their products / services supported by Venture Capital funding of USD $500,000 for the top 5 – 10 ideas.

Networking

Several initiatives were taken by Seamless to accelerate the networking and business connections of the attendees.

Peer–2-Peer Roundtables – Interactive round table sessions

VIP Buyer Program – Networking with VIP delegates with with purchasing power of millions of dollar.

Connect with Jujama – Networking application for Seamless Middle East attendees.

Seamless Middle East – Exhibitors Highlights

Several major international and regional companies exhibited their products and services in the event. Among the 350 companies that participated in the event, 4 start-up companies were highlighted in the event for the most innovative solutions provided by them for the past 12 months. These “Industry Disrupting Start-Ups” are listed below:

Dave A.I – An innovative technology that reinvented the buying experience for customers in offline retail using state of the art Artificial Intelligence.

Akyasi – A new and unique mobile application which aims to facilitate a seamless and hassle-free experience for its users

Tinyclues – A leading AI-first Marketing Campaign Intelligence solution enabling 

companies to generate additional revenue through intelligent campaign targeting and planning. 

Snash – A mobile application that helps fast moving consumer good (FMCG) brands to access the basket size & identify consumer-purchasing habits.

Investment Opportunities in Dubai’s e-Commerce Sector

The Middle East region is witnessing a rapid growth in the e-Commerce sector, with UAE claiming 15th positing on the Euromonitor International’s Digital Consumer Index 2017.

UAE also ranks 1st in the Middle East and North Africa region (MENA) on digital consumer spending. According to the reports published by Dubai Chambers, e-Commerce will be a megatrend for businesses in the UAE in next few years.

The UAE’s e-Commerce sector is expected to be valued at Dh 36.7 billion by 2018 at a growth rate of 10 per cent annually. Dubai contributes around 40 per cent of the total value of e-Commerce sector in UAE.

With e-Commerce sector valued at Dh 10 billion, Dubai provides excellent opportunities for investment in the sector. Furthermore, the establishment of Fintech based companies in Dubai, the increasing demand for blockchain technologies, introduction of emPay (emcredit system for online cashless transactions) and the incentives / subsidiaries provided by the government for technology based companies provide an ideal platform for investment in e-Commerce sector in Dubai.

Sheikh Mohammed Presents His Vision for UAE

Last week, His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of UAE presented his vision for the country in the future and promised that he would continue to focus on the nation’s development while addressing the residents of UAE including both the Emiratis and expats on 12th July. With the speech lasting for more than 15 minutes, Sheikh Mohamed spoke about almost all the major topics from ensuring the happiness of the people residing in UAE to the vision of achieving world peace and building bridges of peace between countries. Some of the key initiatives that were addressed are listed below:

Prioritizing the Happiness of the People

To ensure that the people residing in the UAE have everything they need to live fulfilled, comfortable and happy lives. This was among the primary objectives and the basis of all the future plans that had been planned by the president.

Ensuring Peace in the Region

The policies set by the UAE will continue to focus on peace and stability in the region and also in the entire world. This will be achieved by supporting the countries in need and advocating for wisdom and cooperation among these countries for the well-being of the entire human race.

Security of UAE

The sovereignty and Security of the UAE will always be the primary focus and it still remains a foundational principle that everyone will abide by. Anything that could affect the security of the sovereignty of the UAE will not be tolerated. He also mentioned that UAE will extend its hand of friendship to all the countries that share their value of peace, coexistence, and mutual respect. This will be the primary step to achieving progress and prosperity.

Appreciation towards the People

His Highness Sheikh Mohamed bin Zayed Al Nahyan mentioned that the pride of UAE has always been the people. business plan in uae Both Emiratis and expats who have contributed to the growth of the country. He deeply appreciates the valued role that the residents who consider UAE as their second home have contributed. Their continuous contributions have been a major contribution to the building and development the UAE since its union

Tribute to the late Sheikh Khalifa

The president of UAE walked alongside the Founding Father, Sheikh Zayed, throughout the UAE’s development, and bore the nation’s trust after his father’s passing with sincerity and wisdom. Late Sheikh Zayed fulfilled his mission for his people, leaving an enduring legacy of generosity through his deeds in the region and around the world.

Hope in the Youth

UAE possesses a distinguished wealth of young manpower and is blessed with many resources among which highly skilled human capital being one of the major assets. Apart from this, the country also possesses more than 200 nationalities who are actively participating in the growth and development of UAE’s economy

Extending a Helping Hand

UAE will work to strengthen its role among the world’s leading countries by providing humanitarian aid, and by continuing to extend a helping hand to communities in need around the world, irrespective of religion or race.

A Reliable Energy Provider

The UAE will continue to consolidate the nation’s position as a reliable energy provider, and support global energy security as a fundamental driver of  UAE global economic growth and development.

Economic Diversification

UAE’s focus on further diversifying its economy is a key strategic focus of the country’s future plans. It is therefore necessary to accelerate economic development efforts to continue building a leading global economy, to enhance UAE’s competitiveness, and to achieve the highest global rankings.

Utilizing Scientific Advancements for the Good

UAE’s priorities also include further strengthening the people’s capabilities in science and technology and developing it further to benefit all economic areas and the society. The role of the private sector will be pivotal and it must be further activated through constant collaboration and diverse opportunities to increase its contribution to the growth of the economy.

New partnerships and friends

The next phase for Dubai will be to build on it’s reputation by establishing strategic partnerships with various countries. Continuing Sheikh Zayed’s approach, Dubai will work to strengthen it’s role among the world’s leading countries by providing humanitarian aid, and by continuing to extend a helping hand to communities in need around the world, irrespective of religion or race.

Dubai will also continue to consolidate the nation’s position as a reliable energy provider, and support global energy security as a fundamental driver of global economic growth and development.

GITEX Technology Week – 2020

The 40th edition of GITEX Technology week starts from today 6th of December and will run till 10th December 2020 at the Dubai World Trade Centre. GITEX focuses on uniting international technology visionaries, industry innovators and global investors. This is the biggest MICE (Meetings, incentives, conferences and exhibitions) event to take place in Dubai since the COVID-19 outbreak. The event is expected to see more than 1,200 big tech companies and start-ups across 60 countries. The organizers of the GITEX technology week will give the highest priority to the visitors’ health & safety and follow Dubai Government regulations, as well as follow the guidelines set by the Dubai Health Authority and Dubai Municipality.

GITEX Technology Week – Focus

GITEX will focus on showcasing the technological progress made by the entities of the UAE market Government that are leading UAE’s digital economic transformation including Smart Dubai, Dubai Electricity and Water Authority, the Abu Dhabi Government, Dubai Police and Dubai’s Roads and Transport Authority. In addition, Dubai’s initiatives in leveraging the technology to combat and overcome the pandemic will also be showcased.

Some of the major verticals that will be focused on during the GITEX technology week are the region’s gaming infrastructure, digital marketing, smart cities and IoT. Technology giants such as Microsoft, Dell Technologies, Du, Etisalat, Lenovo, Honeywell, IBM, Red Hat, Avaya and Huawei will have their presence in the event along with most influential technology investors such as EBAN, MODUS Capital, 500 Startups (Egypt) and MENA Tech Fund.

The GITEX Technology Week 2020, will play a critical role in helping Dubai to overcome the economic slowdown by actively attracting international investors to the Emirates and to showcase themselves as the most technologically innovative and creative city in the world. Contact market research company uae to know more about the implications of GITEX technology week on the technology industry.

UAE Records Positive Economic & Commercial Activities - 2021

UAE has started seeing positive signs of economic recovery from May 2021 onwards recording strong growth since the start of the pandemic. It has also recorded a solid recovery of key sectors that support the national economy (economic). Some of the key sectors are expected to witness growing demand in the forthcoming months. Statistics from the Federal Competitiveness and Statistics Centre (FCSC) reported increases in price indexes covering seven major sectors that constitute the UAE’s Consumer Price Index (CPI). The CPI for the culture and entertainment sector led this category with its index points rising to 106.36 (CPI) in May 2021, compared to 103.68 (CPI) in April 2021.

UAE Key Sector Growth

The Clothing and Footwear segment within the UAEs retail sector recorded the second-largest growth in CPI to 115.02 points in May compared to 114.03 points during the same reporting period in April 2021. Similarly, the food and beverage segment recorded 107.57 (CPI) in May compared to 106.82 (CPI) in April (2021). The other goods and services sector rose to 115.75 (CPI) from 114.77 (CPI) for the same time period.

The Hotel, Restaurants & Catering (HORECA) segment within the Food Sector raised to 115.85 (CPI) in May 2021 from 115.09 (CPI) in April 2021 while the Healthcare sector increased to 106.31 (CPI) from 106.17 (CPI) and the Transport & Services sector reached 110.80 (CPI), from 110.33 (CPI).

Real Estate Sector Growth

Market research company Dubai has started gaining momentum and has seen significant growth over the past few months. A total of 2,020 real estate and properties transactions were valued at AED 4.5 billion (USD 1.25 billion) in total during the first week of May 2021, according to a report published by Dubai Land Department (DLD). The DLD weekly report mentioned that among the 2,020 properties that were sold, 119 were plots with a total value estimated at AED 845 million (USD 230 million), while 1,321 were apartments and villas which were sold for AED 2.25 billion (USD 600 million).

Investment Opportunities in UAE & Dubai

The Dubai government has implemented stringent preventive measures and accelerated the vaccination rate to increase the recovery from the Covid-19 pandemic. The recovery plan that focuses on Dubai’s success in combating the Covid-19 pandemic and starting the recovery phase in record time showcased the government’s commitment to providing the best environment in the world, reinforcing Dubai’s competitiveness as a global destination for investment over the next 20 years. It will also enhance Dubai’s investment appeal and attract fresh investments into all sectors. The FDI (Foreign Direct Investors) are also actively investing in the retail and real estate sectors, reflecting the investors’ confidence in the government’s commitment to providing an effective environment for businesses to grow. With the upcoming EXPO 2020 in October this year, Dubai is expected to be a major investment destination in the Post Covid-19 situation.

UAE Records Positive Economic & Commercial Activities - 2021

UAE Records Positive Economic & Commercial Activities – 2021

UAE has started seeing positive signs of economic recovery from May 2021 onwards recording strong growth since the start of the pandemic. It has also recorded a solid recovery of key sectors that support the national economy (economic). Some of the key sectors are expected to witness growing demand in the forthcoming months. Statistics from the Federal Competitiveness and Statistics Centre (FCSC) reported increases in price indexes covering seven major sectors that constitute the UAE’s Consumer Price Index (CPI). The CPI for the culture and entertainment sector led this category with its index points rising to 106.36 (CPI) in May 2021, compared to 103.68 (CPI) in April 2021.

UAE Key Sector Growth

The Clothing and Footwear segment within the UAEs retail sector recorded the second-largest growth in CPI to 115.02 points in May compared to 114.03 points during the same reporting period in April 2021. Similarly, the food and beverage segment recorded 107.57 (CPI) in May compared to 106.82 (CPI) in April (2021). The other goods and services sector rose to 115.75 (CPI) from 114.77 (CPI) for the same time period.

The Hotel, Restaurants & Catering (HORECA) segment within the Food Sector raised to 115.85 (CPI) in May 2021 from 115.09 (CPI) in April 2021 while the Healthcare sector increased to 106.31 (CPI) from 106.17 (CPI) and the Transport & Services sector reached 110.80 (CPI), from 110.33 (CPI).

Real Estate Sector Growth

According to research companies in Dubai, Dubai property market has started gaining momentum and has seen significant growth over the past few months. A total of 2,020 real estate and properties transactions were valued at AED 4.5 billion (USD 1.25 billion) in total during the first week of May 2021, according to a report published by Dubai Land Department (DLD). The DLD weekly report mentioned that among the 2,020 properties that were sold, 119 were plots with a total value estimated at AED 845 million (USD 230 million), while 1,321 were apartments and villas which were sold for AED 2.25 billion (USD 600 million).

Investment Opportunities in UAE & Dubai

The Dubai government has implemented stringent preventive measures and accelerated the vaccination rate to increase the recovery from the Covid-19 pandemic. The recovery plan that focuses on Dubai’s success in combating the Covid-19 pandemic and starting the recovery phase in record time showcased the government’s commitment to providing the best environment in the world, reinforcing Dubai’s competitiveness as a global destination for investment over the next 20 years. It will also enhance Dubai’s investment appeal and attract fresh investments into all sectors. The FDI (Foreign Direct Investors) are also actively investing in the retail and real estate sectors, reflecting the investors’ confidence in the government’s commitment to providing an effective environment for businesses to grow. With the upcoming EXPO 2020 in October this year, Dubai is expected to be a major investment destination in the Post Covid-19 situation.

Business Setup Consultants in Dubai

Research Konnection is a Dubai (UAE) based market research company that offers UAE business plan services to business owners and entrepreneurs that are planning to either enter or expand in Dubai, UAE and Gulf region. Being the one of the best business plan consultant in Dubai, we have the capabilities to prepare an in-depth business plan including market assessment, business modeling, operation and marketing plan as well as financial projections.

Offering wide range of advisory services, Research Konnection is the leading business consulting company in Dubai that offers the following:

• Market Outlook
• Business Model
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• HR Planning
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• Growth Plans

Why Hire Research Konnection

• We specialise in Business Plan services in Dubai and UAE
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