The Finance World Magazine| Edition: September 2023

Business News
Emirates Group & PwC’s Academy Enhance Emirati Workforce Training
The Emirates Group has entered
a significant partnership by
signing a Memorandum of
Understanding (MoU) with
PwC’s Academy. This collaboration
aims to provide top-tier training and
certification for the Emirati workforce.
The partnership focuses on enhancing
the skills of Emirati professionals in
key departments like human resources,
finance, and audit within the Emirates
Group. PwC Academy, a reputable
institution in the realm of consulting
and advisory services, will offer qualification
training in CIPD, CIA, and
CFA. This strategic move aligns with
the Emirates Group’s Rehlaty strategy,
designed to empower, attract, and
develop UAE nationals.
Emirates and Philippine
Airlines Forge Partnership
Agreement
Emirates has solidified its
presence in the Philippines
through an expansive partnership
deal with Philippine
Airlines (PAL), ushering in broader travel
options within the region. Building
on their interline agreement, Emirates
travellers can now seamlessly access
PAL’s domestic destinations via Cebu
and Clark, in addition to the previously
established connections through
Manila. By encompassing Emirates’
gateways in the Philippines—Manila,
Cebu, and Clark—this collaboration
enables passengers to effortlessly
explore more Philippine locales using
a single ticket and convenient luggage
rules. The enhanced deal extends convenient
booking for Emirates travellers
to Philippine Airlines’ network, while
PAL passengers can similarly access
Emirates-operated flights to numerous
global destinations via Dubai.
Saudi Arabia and UAE Report July Surge in
Business Activity Amid Ongoing Growth
Business activity in the non-oil
private sector economies of
Saudi Arabia and the UAE
continued to expand in July,
maintaining the positive growth trend
in the Arab world’s largest economies.
The Riyad Bank Saudi Arabia purchasing
managers’ index (PMI) recorded
a reading of 57.7, down from June’s
59.6, but still comfortably above the
BEDU, a regional pioneer in
Web 3.0 and AI is set to transform
digital engagement for
individuals and businesses.
The announcement coincides with their
pre-seed investment round, aimed at
propelling growth and industry leadership.
With global AI investments
projected to hit $110B by 2024 and a
potential $15.7T contribution by 2030,
BEDU’s vision is ripe for investment.
Fusing AI and blockchain, BEDU aims
to redefine industries, offering new
user experiences that connect, engage,
and entertain. Notable achievements
include the Virtual Mars Experience
2117 launch with Mohammed bin
Rashid Space Centre and showcasing
technology’s role in art at Art Dubai
2023.
50-point mark denoting growth. The
strong performance by non-oil private
sector companies in July can
be attributed to favourable domestic
economic conditions, driving increased
business activity. However, the rate
of new order growth slightly slowed
due to rising competitive pressures
and subsequent price discounting to
boost sales.
Dubai’s BEDU Unveils AI Vision for Internet’s
Future Amid Pre-Seed Round
24 www.thefinanceworld.com September 2023