Friday 24 May 2019

Use of grocery apps ‘likely to rise during Ramadan’

Almost three in five UAE residents (58 per cent) think their usage of grocery apps is likely to increase during Ramadan, said YouGov, a global Internet-based market research and data analytics firm in a new report. The research shows how the holy month of Ramadan is likely to imp


Oil trapped between Iran and trade wars: BofAML

Opec+ production has fallen sharply, with Venezuela and Iran alone contributing to about 840,000 barrels per day (b/d) of the 2.3 million b/d group supply drop between November 2018 and April 2019, said the Bank of America Merrill Lynch (BofAML) in a new report. In contrast, glob


5G will reach IoT market in late 2020, says study

5G will make its first appearance in the IoT market in late 2020, according to a new report from Sweden-based IoT analyst firm Berg Insight. The first 5G cellular IoT modules will become available to developers this year, enabling early adopters to create the first IoT devices ba


Will retail banks trip over tech disruption?

Digitalization is already transforming retail banking, said S&P Global Ratings (S&P) in a new report, highlighting that the opportunities and threats for banks from tech disruption relate to the state of technology, regulation, the banking industry's readiness, and customer preferen


R&D a priority for Mideast manufacturing growth

Look back through time—there are plenty of examples of businesses that missed out on huge opportunities. Think about when Kodak skipped the digital photography revolution, when Nokia failed to recognise the importance of smartphones, and when Ford got upstaged by General Motors (GM) back


Global cellular IoT connections hit 1.2 billion

The global number of cellular IoT (Internet of Things) subscribers increased by 70 per cent during 2018 to reach 1.2 billion, said Sweden-based IoT analyst Berg Insight in a new report. Growth was driven by exceptional adoption in China, which accounted for 63 per cent of the glo


Clean energy hits power and utility M&A activity

Renewable M&A led the way in the global power and utilities (P&U) market in Q1 2019, making up 61 per cent of total deal value and increasing by $3.7 billion from Q4 2018, said professional services firm Ernst & Young (EY) in a new report. This was in spite of overall


Gender differences in job selection and application

In search for a new job, women and men start on a similar footing. However, their journeys diverge when it comes to applying for the job or being proactively recruited, according to LinkedIn’s Gender Insights Report. The report offers global insights into differences betwee


UAE consumer confidence holds steady in Q1, says study

Consumer confidence in the UAE held steady in the first quarter (Q1) of 2019 following the big improvement in sentiment seen in Q4 2018, said yallacompare, a leading comparison site for financial products in the Middle East. During the first quarter of 2019, yallacompare’s


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