Thursday 5 May 2016

Embracing tech innovation to transform business

Gregg Petersen is a regional director, Middle East and SAARC at Veeam Software. Innovation is crucial to the continuing success of organisations in the Middle East. It helps create newer, faster and better products for customers, and also helps to harness a culture of cr


Saudi firms cope with austerity; more pain may lie ahead

Saudi Arabian companies are faring better in an era of austerity than many investors feared, but they face more pain in the coming months as gains from cost-cutting and efforts to improve efficiency become more difficult. The world's largest oil exporting country is in the gr


China's car buyers seek more room, comfort

Even as Chinese car buyers feed a boom in crossovers and sport utility vehicles (SUVs), automakers are looking ahead to the likely 'next big thing' and reckon affordable people-carriers, or multi-purpose vehicles (MPVs), could be it. Shifts towards electric cars in many c


Saudi prince makes bold moves towards reforms

Saudi Deputy Crown Prince Mohammed bin Salman got a standing ovation when he visited a gathering of Saudi youth last month. Last week, after hearing about his economic plans in a meeting with religious leaders, one of the kingdom's conservative sheikhs tweeted a smiling selfie of himself wi


Libya's east tests muscle with oil shipment

By defiantly attempting to export their own oil and dispatching troops towards the centre of the country, Libya's eastern factions may be gambling on force as they bid for a larger stake under a UN-backed unity government. It could be a costly bet, one that ignites renewed co


Syria war could spark confrontation between powers

The chance of unintentional confrontation between foreign powers involved in Syria has risen as its five-year-old conflict turns into a proxy war influenced by increasingly engaged outside powers, a European think-tank said on Wednesday. Foreign countries are involved on both sid


Robots are coming for your jobs, warn experts

Some of the richest, smartest and most powerful humans have an important message for the rest of us as they convened this week to discuss pressing global issues: the robots are coming. At the Milken Institute's Global Conference in Beverly Hills, California, at least four pan


Saudi eyes new quotas, incentives to cut unemployment

Saudi Arabia's government plans a new set of labour quotas and incentives to reduce unemployment as it tries to wean its economy off oil exports, Labour Minister Mufrej Al-Haqbani said. The changes are part of a wider reform plan announced last week by Deputy Crown Prince Moh


Strong fundamentals drive Saudi retail market

The sheer size of the Saudi Arabia market driven by a growing, young population with a high disposable income represent good long-term potential for brands entering the market, said an industry expert. “The Saudi retail market offers investors a unique proposition,” a


Nearly a third 'paid bribe in some Mena states'

Nearly one in three citizens who tried to access basic public services in the Middle East and North Africa paid a bribe, a Transparency International report said today. According to a public opinion survey by the international anti-corruption group of nearly 11,000 adults in nine

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