Wednesday 28 June 2017

World economy ‘likely to see big growth in H2’

The world economy is showing decent signs of growth for the second half (H2) of the year, although momentum is expected to moderate somewhat, a report said. Europe’s growth is above trend, and the lack of significant tightening by the European Central Bank (ECB) should sust


Oil demand growth below expectations in H1

Oil demand growth has undershot expectations in the first half (H1) of 2017, removing support to oil prices just when the market needed it most, a report said. Globally, demand expanded by just 900,000 barrels per day (b/d) in the first quarter (Q1) of 2017, added the research re


Market forces will drive climate change efforts

Following the announcement by President Donald Trump that the US will withdraw from the COP21 agreement, an industry expert has said that the move will not be detrimental to climate protection efforts. Speaking at the Berlin Green Investment Summit at the offices of the Tagesspie


Global IoT benefits ‘could reach $11trn by 2025’

The Internet of Things (IoT) will generate economic benefits between $4 to $11 trillion globally by 2025, a report said. As the Internet of Things (IoT) comes into focus, a majority of organizations across the world are trying to understand its role and relevance to their growth,


Nowhere To Go: Iraqi kids trapped in cycles of violence, poverty

Three years since the intensification of violence in Iraq, children are trapped in an endless cycle of violence and increasing poverty and continue to witness sheer horror and unimaginable violence, according to a UN Children's Fund (Unicef) report.   Three years since th


Commercial flying cars ‘a possibility by 2035’

The arrival of Airbus, Google, and Uber into the flying cars market is expected to infuse the much needed momentum to make limited commercial applications of flying cars a possibility by 2035, said an industry expert. “The flying cars industry is at a nascent stage where a


ME millennials ‘driven by desire to make impact’

Millennial business owners in the Middle East are more likely to be driven by the desire to increase their influence and have a positive impact on others than the overall average for entrepreneurs globally, a new report said. HSBC Private Bank’s second Essence of Enterprise


Online retail changing shopping experience

The development and advancement of online retail will surpass traditional retail and transform the region’s consumers’ shopping experience, said a report. The sector is witnessing game-changing developments with industry players coming into the Middle East’s ret


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