Middle East's internet industry finally gets together in person



AMMAN // Fifteen years after the Middle East's first internet companies took to the Web, the industry is set to gather today for its inaugural conference that technology leaders are calling a landmark. Similar gatherings form a backbone for the internet community in the US, said Bassel Ojjeh, a former board member of Yahoo with 30 years of experience in Silicon Valley.

"This will be a really valuable part of the emergence of the Web industry here," Mr Ojjeh said. Since returning to the region last year, he has become an investor and adviser to a number of Web companies in Jordan, but he believed the lack of regular industry gatherings holds back the sector. "This promises to create a real voice for technologists in the region," he said. "I believe that coming out of this event entrepreneurs will get funded, venture capitalists will be connected with new opportunities - the whole industry can take a step forward."

More than 500 entrepreneurs, investors and technology professionals are expected to come together in Beirut for the ArabNet conference. "This is all about bringing all the different pieces of the puzzle together for the first time," said Omar Christidis, the event organiser. "It will be everything from the global internet brands who are expanding in the region to the major regional companies and investors, all the way down to the entrepreneurs and the guys with the big ideas." While the Middle East is home to a number of high-profile technology conferences, the presence of internet companies at such events is marginal, with most events aimed at the more profitable market of corporate-software providers and equipment vendors.

"It is a very different type of crowd to the accounting software people or the photocopier companies," said Ahmad Humeid, who founded the internet company Toot Corp and publishes 360 East, a blog on regional technology, media and design. "The Web companies are more like media companies much of the time and they have a different set of interests, which the big conferences don't normally cater to." A half-hour "ideathon" on the first morning will present delegates with "a fast-paced series of two-minute presentations from motivated entrepreneurs with fresh e-ideas".

ArabNet will feature the same moderated panel discussions familiar to conference attendees around the world. But it will also host demonstration sessions where internet start-ups pitch their new services to the audience, which will vote for the best companies. For Mr Christidis, who returned to Beirut last year after seven years in the US, the conference will try to paint a comprehensive picture of a fragmented Arab internet industry.

"There is a geographic disconnect, where the people in the Levant know of each other but maybe don't have a good awareness of the Gulf, and the same goes for North Africa," he said. "But there is also a knowledge disconnect; people don't know who each other are. They have never been in the same place with all the different players in the industry." @Email:tgara@thenational.a

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

Seemar’s top six for the Dubai World Cup Carnival:

1. Reynaldothewizard
2. North America
3. Raven’s Corner
4. Hawkesbury
5. New Maharajah
6. Secret Ambition

TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

Ferrari
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RACE CARD

6.30pm: Madjani Stakes Group 2 (PA) Dh97,500 (Dirt) 1,900m
7.05pm: Maiden (TB) Dh82,500 (D) 1,400m
7.40pm: Maiden (TB) Dh82,500 (D) 1,600m
8.15pm: Handicap (TB) Dh87,500 (D) 2,200m
8.50pm: Dubai Creek Mile Listed (TB) Dh132,500 (D) 1,600m
9.25pm: Conditions (TB) Dh120,000 (D) 1,900m
10pm: Handicap (TB) Dh92,500 (D) 1,400m

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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How much sugar is in chocolate Easter eggs?
  • The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
  • The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
  • The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
  • The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
  • The Cadbury Creme Egg contains 26g of sugar per 40g egg
The%20specs
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Profile of Bitex UAE

Date of launch: November 2018

Founder: Monark Modi

Based: Business Bay, Dubai

Sector: Financial services

Size: Eight employees

Investors: Self-funded to date with $1m of personal savings

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

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The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

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The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Heavily-sugared soft drinks slip through the tax net

Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.

Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.

A 680ml can of Arizona Iced Tea costs just Dh6.

Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.