Many areas in the financial services industry are expected to see radical changes, including in digital payments, cryptos and Banking As A Service areas, this year, says a report from Oliver Wyman, global management consultancy.
The Covid-19 pandemic has changed the way workers interact with their firms. While some workers are starting to return to the office, the new equilibrium is unclear. Most firms will adopt a hybrid model, but exactly what this looks like remains murky.
Despite the headwinds of material price inflation, supply chain risk and coronavirus variants, 2022 promises to be a stronger year for the GCC construction sector with key trends including digitalisation, diversity and modularisation shaping the sector.
The government's significant progress toward Vision 2030 is accelerating growth in Saudi Arabia and the Kingdom is expected to solidify its position as the M&A leader in the region in 2022, says an expert.
With ESG investment principles fast becoming the norm for capital market participants, investors now have a historic opportunity to act as direct agents of change in an economy driven by ethically-minded consumers.
Several estimates now suggest oil reaching triple digit market this year as supply struggles to cope up with rising demand led by years of underinvestment coupled with retrained supplies from producers worldwide, a report said.
National Research and Development Center for Sustainable Agriculture (Estidamah) has launched a digital transformation drive to boost farmers' output and support Saudi Arabia's agriculture, food security and sustainability goals, said its top official.
Changes brought about by the pandemic spurred digital transformation, says an industry expert, noting that network simplification, cloud transition support and shift to flexible subscription models are the three key IT trends to look for this year.
Ransomware attacks are being more frequently carried out by nation-states and organized crime and causing millions in dollars of reputational damage, recovery expense, extorted ransom payments and loss of revenue, says an industry expert.
While flexible financing is often seen as the core reason behind the uptake of as-a-service models, it appears the conversation is beginning to evolve beyond this, says an industry expert.
