Saturday 30 May 2015

Opec supply, resurgent shale ‘to keep oil prices weak’

Oil prices are likely to stay relatively weak for the rest of this year due ample supply from traditional Middle East producers and a resurgence of US shale production, according to a Reuters survey. Reuters monthly survey of 28 analysts predicted the global oil benchmark North S


As sovereign issues grow, pricing and design stymie corporate sukuk

Sukuk issuance by governments around the world is expanding, helping to bring Islamic finance into the mainstream. But in one respect, the sovereign issues are proving a disappointment: they are not encouraging sukuk sales by companies. Legal and product design issues as well as


Bankers test technology to attract millionaires

No longer is schmoozing over long lunches and fine wines enough; Swiss private bankers are turning to video games and virtual reality to attract a new generation of sceptical clients and see off digital rivals. Technology is likely to appeal to multi-tasking millionaires with lit


New intelligent devices on the rise by 2020

The number of consumers who will purchase a wearable fitness monitor by 2020 is expected to rise by 28 per cent, said a report, highlighting a trend for new intelligent devices. Accenture Digital Consumer Survey for Communications, Media and Technology (CMT) also showed a 17 per


Global innovation pace slowing down

Although overall patent activity has reached an all-time high, year-over-year growth in new inventions has slowed considerably and scientific literature production has declined in almost every industry, a report said. Worldwide patent volume increased just 3 percent over the last


Cost of data breaches hits average of $3.8 million

The cost of data breaches is rising for companies around the world as sophisticated thieves target valuable financial and medical records, according to a study commissioned by International Business Machines (IBM). The total average cost of a data breach is now $3.8 million, up f


Oil ‘super cycle’ to benefit Mideast companies

Low production costs for Middle East companies offer regional players significant competitive advantage in the low price segment of an oil ‘super cycle’, a report said. The depressed oil prices predominant since late last year could herald a lasting trend if, as evide


Saudi women ‘spend $3,800 a year on cosmetics’

Saudi Arabia’s many affluent and beauty-conscious women are spending on average SR14,256 ($3,800) a year on cosmetics, a report said, forecasting that the kingdom’s $16 billion market is set for an 11 per cent growth rate. Saudi Arabia’s many affluent and beauty


Downstream maintenance costs likely to rise 12pc

Global downstream asset maintenance expenditure is expected to total $322 billion between 2015 and 2019, reflecting an increase of 12 per cent when compared to the previous five-year period, a report said. In 2014 spend totalled $63 billion for the world’s global downstream


Can UAE reach ambitious 2021 health goals?

The United Arab Emirates will need a steep increase of 50 per cent in the number of doctors from 2012 levels in order to meet its ambitious 2021 health targets, a report said. Expatriates will be a major contributor to this expanded workforce but remain transient, which reduces t

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