Sunday 12 July 2020

EU carbon tax could benefit GCC cleantech sector: BCG

An EU tax on carbon emissions tied to imports would cut profits for foreign suppliers of oil, steel and other goods with high greenhouse gas footprints but could pose an opportunity for cleaner companies in the GCC to gain a competitive edge, a report said. A plan being considere


Commercial 5G to shape Bahrain’s digital future

There is a unique power in technology that encourages creativity and transforms people’s lives, businesses and the society. As an unprecedented crisis has had a substantial impact on people, consumers see resilient networks as a vital help in coping with everyday life. People today are mo


As Covid-19 eases unevenly, focus shifts to recovery: S&P

As the Covid-19 health and economic shock appears to have peaked in most developed countries and China, the focus has shifted to the recovery, said S&P Global Ratings in a new report. Many emerging markets, however, are struggling to contain the virus and the economic fallout


Digital twins and AI: transforming industrial ops

“Digital twin” is not a new term, but paired with advancements in AI, it’s increasingly valuable in transforming industrial operations, creating additional business value.  The digital twin, which produces an evolving profile of an asset or process in a plant, captures


Food, poverty and Covid-19: CIO Viewpoint

As pandemic lockdowns took hold of the world’s economies in March, consumers feared a breakdown in the supply chain and panic-bought staples such as flour, pasta and tinned food. Now, with many countries seeing their economies revive, we must not forget the disproportionate and terrible s


Five tech trends to focus on in 2020: Deloitte

During the current Covid-19 crisis, organizations have been turning more and more to technology to enhance business resilience, said professional services firm Deloitte, listing five technology trends to focus on for 2020. Deloitte’s 11th annual report on technology trends


Mena economies to see deep recessions in H2: report

Nearly all economies in the Mena region will witness deep recessions with contraction in overall real GDP growth in 2020 by 5.6% from +0.2% in 2019, whereas the same in the GCC region will fall 3.9% in 2020 from +0.6% in the previous year, a report said. Lockdowns and social dist


R&D critical to reach net-zero emissions: IEA

Without a major acceleration in clean energy innovation, countries and companies worldwide will be unable to fulfil their pledges to bring their carbon emissions down to net-zero in the coming decades, said the International Energy Agency in a new report. The report assesses the


Overcoming obstacles to keep trade flowing

The present extraordinary circumstances have called for an extraordinary response across the globe. The trade finance industry – not known for its ability to swiftly enact change – has had to rapidly adapt. But what changes have banks in the Middle East been making to keep trade f


Chinese oil majors in talks to raise bargaining power: report

Four of China’s major state oil companies are in talks to enhance the bargaining power and avoid bidding wars for key crude oil grades by exerting pressure on exporters for more favourable terms, a report said. The long deliberated crude oil buying consortium is made up of

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