Blockchain – the distributed-ledger technology that underpins cryptocurrencies such as Bitcoin – appears set to transform a wide variety of industries and perhaps fundamentally change the way business is conducted around the globe. While the technology is still taking off and its potential is not fully known, many emerging markets are hoping...
Currently, during a protracted period of interconnectedness and globalisation, many businesses and frequent travellers are accustomed to using voice over internet protocol (VoIP) services, such as Skype, WhatsApp, FaceTime, Snapchat and Viber, when making international calls. In the UAE, such services are not currently available.
In light of reports of brain drain from global ICT hubs like Silicon Valley, how can Dubai ensure it attracts enough human capital to further boost the sector?
Near-term sentiment is on the rise among Dubai’s business leaders, with the IMF forecasting a healthy GDP growth rate of 4.2% in 2019 for the emirate. While not as exposed as some of its regional neighbours to the effects of fluctuating commodities prices in recent times, Dubai nevertheless stands to benefit from the knock-on effects of higher prices over the last year.
Local government initiatives to enhance service provision are creating opportunities for Dubai’s ICT sector, while new federal laws to attract innovators and investment should help the emirate achieve its technological objectives.
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