Tuesday 25 July 2017

Female leadership in GCC firms stays below 2pc

Representation of women on company boards remains very low across the region with women holding no more than 2 per cent of board seats in the GCC region, a report said. However, some strategies to increase women’s representation on boards are making their way in a few count


Oil sector could offset GCC non-oil growth: report

An anticipated non-oil sector growth of 2.6 per cent across the GCC in 2017 will be offset by a further three per cent contraction in the oil-producing sectors, said a report. The acceleration of global trade in the first half of 2017 is expected to be felt unevenly across GCC ec


Data breach a growing concern for retailers - report

Two in five retailers across the globe have experienced a data breach in the past year, according to the 2017 Thales Data Threat Report, Retail Edition, released today. The report, issued by Thales, a leader in critical information systems, cybersecurity and data security, in con


ME outbound M&A value hits record $17.2bn in Q2

Cross-regional deals originating from the Middle East trebled from the first quarter (Q1) of 2017 to Q2, reaching $17.2 billion - the highest outbound M&A value since 2015, which was a record-breaking year for cross-regional M&A, a report said. However, deal volume fell b


GCC drones market likely to hit $1.5bn by 2022

The market for drones in the GCC is expected to reach $1.5 billion by 2022, presenting a massive opportunity for regional telecom operators, according to Strategy&, formerly Booz & Company, and part of the PwC network. By leveraging their capabilities and resources, these


Global industry sector outlooks positive: Moody’s

The industry sector outlook is again positively biased as the global economy continues to gradually pick up speed, with steady growth looking increasingly sustainable., Moody's Investors Service said in a new report. Nevertheless, the reduction of monetary stimulus that helpe


Careless staff among top causes of cyberattacks

Uninformed or careless employees are one of the most likely causes of a cybersecurity incident — second only to malware, said a new report, adding that staff hide IT security incidents in 44 per cent of businesses in Saudi Arabia. With 46 per cent of IT security incidents c


PC shipments in EMEA decrease 3.5pc in Q2

PC shipments in EMEA (Europe, Middle East and Africa) totalled 17 million units in the second quarter of 2017, a 3.5 per cent decline year over year, according to preliminary results by Gartner, leading research and advisory company. Globally, PC shipments totalled 61.1 million u


AI revolution – Will it create a new working class?

Artificial intelligence (AI) will take over 38 per cent of US jobs within 15 years, says a recent report by PwC. While the digital revolution will force many jobs to become obsolete, not all is not lost, says futurist Charles Fadel in an interview with CM Rubin of


$371bn a year - the cost of reaching global health goals

Achieving the Sustainable Development Goal (SDG) health targets would require new investments increasing over time from an initial $134 billion annually to $371 billion, or $58 per person, by 2030, says a study. The SDG Health Price Tag, published today in The Lancet Global Healt

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