Tuesday 24 January 2017

Reason for optimism as Saudi deficit set to narrow

There is reason for optimism among investors in Saudi Arabia as the kingdom’s budget deficit is set to narrow in 2017, as a result of higher oil prices and diversification measures increasing non-oil revenues, a report said. Recent forecasts have predicted a Saudi budget de


Cloud adoption up, but firms not maximising value

While cloud adoption continues to accelerate, few organisations are maximising the value that cloud can offer, according to a global study released by Cisco. The study said nearly 68 percent of organizations are using cloud to help drive business outcomes, a 61 percent increase f


Dubai's Moral Machine throws up some surprises at Davos

The Moral Machine from Dubai's Museum of the Future has thrown up some surprising results in a survey of over 1,000 presidents, CEOs and other leaders at the the World Economic Forum in Davos, Switzerland. The Moral Machine is an exhibit at the WEF, developed and designed by


Mideast M&A activity set for major increase

Merger & acquisition (M&A) activity in the Middle East appears to be on the cusp of a significant increase, particularly in the UAE where the underlying economic fundamentals, such as anticipated GDP growth continue to draw investors to the region, an industry expert said.


98pc of Gen Z consumers still shop in-store

Despite expectations that the first “digitally native” generation would want to shop online, a new study released by IBM and the National Retail Federation found that almost all members of Generation Z prefer to shop in bricks-and-mortar stores.  With the global


Retailers ‘slow to embrace digital transformation’

Retailers around the world are moving too slowly when it comes to digital transformation and may not be investing in the right places, a report said, adding that the recent closing of big box stores is just the beginning. “The shakeup caused by digital disruption is already


2016 marks Earth’s hottest year on record

With a boost from El Nino, 2016 began with a bang. For eight consecutive months, January to August, the globe experienced record warm heat. With this as a catalyst, the 2016 globally averaged surface temperature ended as the highest since record keeping began in 1880, according t


Global oil giants heading in different directions in Mena

International oil companies (IOCs) have long played a dominant role in the development of the region’s oil sector – and have always seen the Middle East’s vast reserves as the prized asset, said a industry expert in its report. Competition amongst them has alway


Dubai 'still hot property market for GCC investors'

GCC investors have not let regional economic concerns undermine their interest in Dubai residential property which is still seen as providing long-term financial security, stated Saudi Arabian group Artar Real Estate Development. The Dubai market is experiencing a period of healt


The future of enterprise mobility in the Middle East

The technology needs of the #GenMobile audience is clearly different from the past: we are no longer limited by the static connectivity setup in the 90s between a desktop PC, an IT server room and a set of printers. Technologies that we are accustomed to in our social lives are m

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