SAP and Qualtrics announced they have entered into a definitive agreement under which SAP SE intends to acquire Qualtrics, the global pioneer of the experience management (XM) software category that enables organizations to thrive in today’s experience economy.
Under the terms of the agreement, SAP will acquire all outstanding shares of Qualtrics for US$8 billion in cash. SAP has secured financing in the amount of €7 billion to cover purchase price and acquisition-related costs. The purchase price includes unvested employee incentive compensation and cash on the balance sheet at close. Subject to customary closing conditions and attainment of regulatory [...]
Dubai Statistics Center (DSC) revealed that Dubai’s resident population grew by 232,400 to reach 3,136,400 at the end of the third quarter of 2018, a growth of 7.7% from the third quarter of 2017.
HE Arif Al Mehairi, DSC Executive Director, said: “The rise in population reflects Dubai’s growth as a dynamic economic and tourism hub. The population of non-resident workers and temporary residents in Dubai is currently 1,155,000, while the total active daytime population of the emirate is 4,291,400. As much as 37% of Dubai’s active daytime population comes from outside the emirate.”
“DSC adopts international standards and methodologies to monitor Dubai’s rapidly changing [...]
Technology investments relating to Smart City initiatives across the Middle East and Africa (MEA) region will total more than $1.3 billion in 2018, according to the latest insights from International Data Corporation (IDC). The global technology research and consulting firm’s newly released Worldwide Semiannual Smart Cities Spending Guide shows that this figure is set to reach $2.7 billion in 2022.
“The new edition of IDC’s Worldwide Smart Cities Spending Guide represents a substantial stride towards gaining granular insight into how cities around the world are transforming,” says Serena Da Rold, program manager for IDC’s Customer Insights & [...]
Vice President and Prime Minister of the UAE, Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum said that building the future is not merely an improvisational decision but a strategic plan based on knowledge and clear goals. His Highness also said that decisions related to the future of human being and humanity should be based on a comprehensive understanding of what is really needed in order to be able to set the future directions to build opportunities that support development of human communities.
“The Challenges facing the world are many, and opportunities for achieving a comprehensive sustainable development are huge, mainly amid the big data revolution [...]