Wyly Wade

Tag: MENA

Facebook 56 million in the Arab world

Facebook brought into prominence on Tuesday that it has 56 million active users in the Middle East and North Africa (MENA), where activists used the social media network to organize Arab Spring rebellion. In fact, Facebook regional chief Jonathan Labin told a news conference in Dubai while noting a significant increase in the number of people connecting from mobile devices, that half…

Small business lending key to 6.5m new jobs in region each year

Considered the lifeblood of most economies, SMEs account for nearly 90 per cent of companies in the UAE and provide about 85 per cent of private-sector employment. The growing youth population means 270 million jobs are needed in the Mena region by 2050, estimates the IFC. To meet the target, 6.5 million jobs need to be created every…

Arab women entrepreneurs: Untraditional choice

Everyone is quick to assume that either all MENA (Middle East and North Africa) entrepreneurs are men and that the women entrepreneurs would be doing soft things that impact investing likes both would be wrong. Women are the leaders in the Middle East tech revolution, which when compared to the male dominated Silicon Valley is…

Tunisia: Hollande – France Ready to Convert Part of National Debt Into Investment Projects

France does not have the best track record at this kind of behavior, any one look at Haiti lately? France is willing to convert a part of the Tunisian debt into investment projects,” French President François Hollande said. 80% of French enterprises set up in Tunisia are small- and medium-sized enterprises (SME) which frequently operate “as part…

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