Saudi Arabia and UAE emerging as regional tech powerhouses: Report

March 19, 2019

DUBAI: The UAE and Saudi Arabia are emerging as regional tech powers according to the Coursera’s Global Skills Index, an in-depth report on skill trends and performance across 60 countries in the Middle East and around the world.

An Arab News report quoting the survey said “The UAE shows the most promise in Technology (#40) compared to Business (#52) and Data Science (#38). This may be a reflection of the UAE government betting big on AI and fostering a testing ground for robotics.”

“Saudi Arabia ranks higher in Technology (#50) compared to Business (#58) and Data Science (#58). Its strong performance in Human-Computer Interaction (92%) is likely a reflection of the government’s investment in the report said added.

“Although there’s been a significant increase in education investment in recent decades, MEA students still aren’t graduating with the right skills, as the 31% youth unemployment rate indicates.”

While they are on the right track, and are regional powerhouses, results show that the UAE and Saudi Arabia still have work to be done in order to catch up with countries with cutting-edge skill sets in technology, business and data science such as Spain, Austria and Switzerland.

The Arab News said that business will be a key area for improvement in the UAE and Saudi Arabia as private sector developes. The UAE’s lowest performing domain is business and it ranks #52 globally and #4 in the region. Saudi Arabia also ranks lower in business at #58 globally and second to last in the region. It lags the most in accounting and marketing (2%). Upskilling in business will be key areas to the region’s goals for private sector expansion, it said.

“As the countries shift their industrial base away from natural resources, they must focus on building a knowledge-based economy that’s driven by a highly skilled workforce. The development of technology and data science skills, in particular, will continue to emerge with the adoption of new-age technologies such as Internet of Things, Artificial Intelligence and blockchain, underpinned by the UAE Vision 2021 and Saudi Arabia Vision 2030, respectively,” the survey said.

India retail market set to reach $2 trillion in next decade: Report

Mumbai: India continues to be a bright spot among the major economies and the retail market is expected to reach $2 trillion in next 10 years, presenting a large opportunity...

All sectoral indices in red as markets see sharp selloff ahead of GDP data

Mumbai: After a positive opening on Wednesday, Nifty soon entered into the negative territory dragged by profit booking in index heavyweights, said Siddhartha Khemka, Head of Retail Research at Motilal...

Bill Gates visits Microsoft India Development Centre

New Delhi: Microsoft co-founder Bill Gates on Wednesday visited the company's India Development Centre (IDC) in Hyderabad, a centre of innovation that he envisioned in 1998. IDC is celebrating its...

AirAsia looks to add Tier 2/3 cities to its India route map

Chennai: The Malaysia headquartered AirAsia airline, which would soon add Jaipur, Vishakapattinam and Ahmedabad to its route map, is looking to add more Indian Tier 2/3 cities, said a senior...

Global automakers scale back electric vehicles, turn towards hybrids

New Delhi: Global electrification, previously driven by strong electric vehicle sales, is now showing signs of growth moderation despite supply chain normalisation and price reductions by OEMs, as per a...

MobiKwik unveils ‘Pocket UPI’ for payments without linking bank account

New Delhi: Fintech company MobiKwik on Monday introduced a new feature called ‘Pocket UPI’ that enables users to make UPI payments through MobiKwik Wallet without linking their bank account. The...

Regulations enabled India to be global benchmark in fintech: Razorpay’s Harshil Mathur

New Delhi: Regulations in the fintech industry have enabled India to become a global benchmark in fintech and unified payments interface (UPI)-based services are one such example, Harshil Mathur, CEO...

NIFTY scales new heights, expect Sensex to follow this time around

Mumbai: Markets were on a roll last week and even though there was extreme volatility, they continued their upward march. NIFTY has made a new high this week effectively on...

Decline in FPI equity outflows despite rising bond yields in US

New Delhi: An interesting feature of the FPI trend recently is the decline in FPI equity outflows despite the rising bond yields in the US, says V K Vijayakumar, Chief...

Quickly addressed the issue: Google on ‘illegal’ AI responses to questions on PM Modi

New Delhi: Google on Saturday said that it has worked “quickly to address” the responses generated by its Artificial Intelligence (AI) platform Gemini regarding Prime Minister Narendra Modi. The IT...

Absolutely captivating chat: Gautam Adani, Uber CEO discuss future collaborations

New Delhi: Adani Group Founder and Chairman Gautam Adani on Saturday met Uber's global CEO Dara Khosrowshahi and discussed future collaborations in India, as the country doubles down on green...

Nifty touches fresh record high on strong global cues

Mumbai: In a volatile session, Nifty ended in the green on Thursday, touching a fresh record high helped by positive global cues, said Deepak Jasani, Head Retail Research at HDFC...

Read Previous

UAE safest place in the world

Read Next

RCOM stocks jump 10% after it pays dues to Ericsson

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com