innovation

28/09/2017 05:19 AST

The 5th edition of the Global Innovation Summit, organized by SPI GreatSands Group in partnership with Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, was held today at the Jumeirah Beach Hotel, against the backdrop of the growing emphasis on innovation and entrepreneurship across the UAE.

Echoing the message of Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime minister and Ruler of Dubai, to ‘’innovate or become irrelevant’ and highlighting the National Innovation Strategy of the UAE, speakers at the summit shed light on the innovation route to business leadership.

The primary objective of the annual summit is to celebrate innovation and focus on most pertinent and disruptive technology and cultural trends that are reshaping corporate strategy and decision making.

“Globally, development strategies are being anchored on the symbiotic relation between entrepreneurship and innovation. The Dubai SME2021 Plan draws on the emphasis given to innovation in Dubai and the UAE in general. The Global Innovation Summit is a productive platform for us to showcase our experience and learn from the success of successful entrepreneurs and entrepreneurship promotion strategies world over,” said Saeed Matar Al Marri, Deputy CEO of Dubai SME.

Shantanu A.P., CEO and Partner, SPI GreatSands, said “We at SPI GreatSands are totally aligned and committed to the vision of UAE to become the most innovative and business friendly country in the world. We understand that running a company is lonely and entrepreneurs must make difficult decisions every day with imperfect information. In our experience the best safety net is the advice and experience of fellow entrepreneurs, that is why we organize these large format summits and bring together thousands of entrepreneurs to share their expertise and experiences.”

Saud Abbasi, Managing Director of Toyota at Al Futtaim, said “our longstanding relationship with Global Innovation Summit is built on shared commitment to support SMEs in the UAE. At Al Futtaim Motors we offer our SME customers comprehensive automotive business solutions, including exclusive account management, vehicle registration support, aftersales packages, leasing facilities, faster enquiry response, dedicated delivery process, Total Cost of Ownership (TCO) approach and fleet management consultancy, reinforcing our position as the Automotive Partner of Choice in the UAE”

Danube Group Chairman and Founder Rizwan Sajan added “we are glad to be part of the Global Innovation Summit. The summit acknowledges the importance of SME sector which is bedrock of any economy and adds significantly to the growth of the economy. I think this sector has created jobs, growth and income; entrepreneurs are transforming the lives and the communities they live in. We at Danube, recognize the importance of SME sector and support the entrepreneurs with an aim to position our brand as the preferred property developers for entrepreneurs in the region"

According to Nitin Anand, Executive Director and Chair of the Executive Council, Skyline University College: “The Global Innovation Summit is one of the biggest events that we highly support for this is an excellent platform to recognize the SME sector in the UAE. As part of our goals to promote entrepreneurship and innovation amongst our students at Skyline, we have been training young entrepreneurs to become job creators of the future armed with the right leadership strategies, skills, and knowledge. This goal has led to the formation of the Skyline Entrepreneurship and Innovation Centre (SEIC)—a new facility at Skyline where students can showcase their business plans, grow their ideas, and upgrade their entrepreneurial skills. SEIC along with other internal support systems that encourage students to pursue their dreams, events such as the Global Innovation Summit is a r


Saudi Gazette

Ticker Price Volume
QNBK 159.00 144,076
SABIC 129.60 5,192,197
SRMG 106.00 898,130
SARCO 44.20 333,418
STC 87.60 206,773
WALAA 28.90 165,927
SECO 21.02 542,536
Affordable housing stimulates Riyadh’s real estate market

19/07/2018

Although market conditions in Riyadh remain relatively unchanged this quarter, the governments’ continued focus on providing more affordable housing to drive home ownership amongst Saudi nationals wi

Saudi Gazette

UAE clarifies rules on payment of VAT on commercial real estate

19/07/2018

The 5 per cent VAT on commercial real estate must be paid prior to the completion of an asset sale, not afterwards, the UAE’s Federal Tax Authority (FTA) said on Wednesday.

In a statement

The National

PEIE highlights investment opportunities

19/07/2018

A delegation of Indian businessmen visited the Public Establishment for Industrial Estates (PEIE) on Wednesday in a bid to familiarise themselves with the investment climate in the Sultanate.

Times of Oman

Bahrain bond rally fizzles out as Gulf bailout remains elusive

19/07/2018

Bondholders’ relief over a Gulf pledge to prop up Bahrain’s struggling economy has given way to anxiety now that three weeks have passed without any sign aid is on the way.

Saudi Arabia, Ku

Gulf News

Dubai banks continue to deliver strong results

19/07/2018

Leading Dubai based banks, Emirates NBD, Emirates Islamic, Dubai Islamic Bank (DIB) and Mashreq reported strong growth in first half net profits supported by gains in core banking revenues.

Gulf News