The health ministry has ensured the safety of 'a very limited number' of people who showed some symptoms of being affected by 'the mixed water'
The UAE and Gulf countries are significantly embracing digitalisation while broader Middle East firms are still operating in the traditional model and are stuck to legacy systems, says a senior official of Giesecke+Devrient (G+D), one of the world’s leading providers of secured payments and solutions.
Ralf Wintergerst, chairman of and group CEO of Giesecke+Devrient, says Germany and the UAE share many similarities when it comes to digital transformation as they both recognise the great opportunities for their economies, and they also cope with similar challenges such as post-Covid recovery or the ongoing search for digital talents.
“What I find intriguing is the speed with which Gulf countries are adopting digitalisation, especially as the UAE have a digitally savvy and very youthful population. This younger segment shows in a very high acceptance rate of next-generation technologies,” said Wintergerst.
UAE – Most important locations worldwide
Giesecke+Devrient has been present in the UAE for more than two decades. Hundreds of German companies currently have a presence in UAE while Germany’s exports reached $18.4 billion in 2020. GCC is the seven largest export destination for Germany outside Europe.
Wintergerst added that the UAE is one of the most important locations worldwide, covering functions like sales, project management, services, and logistics.
He said the UAE and the GCC are not only great markets but important partners in this part of the world.
“Our partner countries are moving forward quickly and have greatly embraced digitalisation. However, companies in the Middle East are still facing some challenges. Among those are legacy systems for example that do not support digitised infrastructures or a reluctance to adopt full digital transformation while maintaining traditional operating models. Digital transformation is a process and partnering with technology leaders can support and accelerate this adoption,” Wintergerst added.
Cryptocurrency
Giesecke+Devrient says digital currencies are gaining momentum in interest and popularity, with the recent figures showing more than 110 central banks currently engaged in studies or pilot schemes for the development of central bank digital currencies (CBDCs).
“Actually, there has been a dramatic shift within a year – from questions whether a country will, to which countries won’t be exploring a CBDC. Apart from technical considerations, regulatory and supervisory aspects must also be taken into account,” he added. — business@khaleejtimes.com
The health ministry has ensured the safety of 'a very limited number' of people who showed some symptoms of being affected by 'the mixed water'
The evening was a resounding success, boasting delectable cuisine, a lively ambiance, and impeccable service
Reds defeat at Everton extinguishes their last hopes of winning the Premier League
The destination was to originally close on April 28
The cashback is valid until May 12
Both BJP and Congress raised allegations of causing hatred and division based on religion, caste, community, or language
The zoo found international notoriety in 2016 when the singer Cher launched a campaign to remove its shackled Asian elephant Kaavan
It is expected to roll out preventive and proactive strategies, train and qualify specialists, and prepare scientific research and forecasting studies