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FINANCIAL NEWS
Dubai Internet sector investments to grow by 17.86 pct
05 Jul 2016
(MENAFN) Investment in Internet of Things (IOT) hardware, software, service in the MENA region will grow by 17.86 percent to USD6.6bn, compared to USD5.6bn in 2015.
Accordingly, manufacturing and transportation are the vertical industries leading the way in terms of investment in the region, which will spend USD1.1bn in 2016.
Meanwhile, the next largest industry; utilities is predcited to see investments of almost USD800mn in the cited year.
Moreover, investments in the UAE is predcited to grow by 23.74 percent to USD436.8mn this year, compared to USD353mn last year.
More News
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BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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