Eight Arab nations, $40.9bn impact: The World Cup’s economic power play
Beyond setting a participation record, the unprecedented Arab presence at the 2026 World Cup highlights the growing economic influence of...
Opinion
The shift from innovative to native: Unlocking where real AI value lies
There are, of course, technical hurdles to overcome, too, one of which is modernizing legacy systems. Many enterprises still operate...
Opinion
Economy
For GCC, centralized demand planning is indispensable
Facing challenges like varied categorization and technical standards, GCC economies are turning to innovative solutions. With digital technologies and unified...
- GCC governments can attain more effective demand planning by mandating a common harmonized data structure and forecasts based on volatility metrics
- As GCC aims to reshape their economies by fortifying local industries, governments and SOEs have a golden opportunity to attract the necessary investment
Opinion
MEA brands focus on personalized customer experience
"Post-Covid GCC travel trends are promising: about 50% of customers plan to increase digital spending in travel and retail. With...
- In the digital era, customer engagement is vital, shifting from transactional ties to interactive bonds; 20% of engaged patrons drive 80% of sales through endorsements
- Post-Covid, travelers see personalized offers, not just reminders; 34% might switch due to poor communication; GCC sees rising digital spend; CEPs promote sustainable growth.
Market Report
New initiatives to enhance Saudi market infrastructure
"This quarter, we focused on enhancing our market infrastructure and introduced several initiatives, including changes to the debt market; negotiated...
- In Q2 2023, Saudi's capital market grew steadily, with Main Market capitalization rising by 9.24%, despite slower GDP growth and declining inflation from Q1
- Nomu - Parallel Market's capitalization surged by 54.61% during Q2 with eight new companies listed, as Saudi Exchange prioritized attracting foreign investors
Opinion
Logistics delivers boom with value-added services
"A top-tier, industry-specific enterprise resource planning (ERP) solution is vital for efficiently delivering these value-added services. Distributors grapple with supply...
- The Middle East and African freight and logistics market is predicted to record a compound annual growth rate of about 6% between 2023 and 2028
- To tap into growth opportunities in the region and for better results, distributors must consider incorporating value-added services into their strategies
Opinion
BRICS expansion points to a shift in global dynamics
The Middle East, with its vast resources and strategic position, can play a crucial role in BRICS' vision of a...
- The inclusion of major Middle Eastern countries, six out of the ten biggest global oil suppliers, will now be part of the BRICS
- This gives the alliance significant leverage in the global energy market, potentially influencing global oil prices and energy policies
Opinion
Cloud-based tools help optimize customer experience
Customer experience leaders in organizations of any size will see increased satisfaction in self-service, routing, and agent utilization by implementing...
- Seventy percent of consumers believe a company's effectiveness is determined by its service
- New tools help automate tasks, provide data and insights, inform decisions, and improve workflow
Opinion
Gulf’s green transition: How Turkiye can lead the way
As these countries -- including Saudi Arabia, UAE and Qatar -- progress to the next phase of their economic diversification,...
- The act of presenting an electric car to the leaders of major fossil fuel-producing countries by Erdoğan highlights a shift in regional perspectives on future energy sources
- As these countries -- including Saudi Arabia, UAE and Qatar -- progress to the next phase of their economic diversification, Turkiye can emerge as a dependable partner
Opinion
Generative AI brings challenges and opportunities
"New technologies like generative AI bring both opportunities and risks. A holistic AI strategy ensures privacy, security, and compliance, considering...
- The rise of ChatGPT has ignited immense interest in generative AI, with numerous businesses integrating it enterprise-wide
- AI technology is proliferating at an unprecedented pace, surpassing any other technology, writes Gail Coury, SVP and CISO, at F5
Opinion
FMCG sector drives global economic growth, innovation
"The growth of the FMCG industry is closely tied to population growth, urbanization, and rising disposable incomes. The sector is...
- The FMCG sector is a primary source of employment, providing opportunities across the supply chain
- The industry has strong linkages with ancillary sectors like packaging, advertising, logistics, and transportation
Opinion
Comprehensive data protection strategies are crucial
A solid Data Protection and Ransomware Recovery strategy includes several components, such as Data Identification and Flow Management, Data Risk...
- Ransomware attacks are growing in size and scope, with 85% of organizations hit at least once, a significant increase from 76% the previous year, writes Mohamad Rizk of Veeam
- Cyber insurance doesn't cover all ransomware costs, and policies are getting pricier. A comprehensive Data Protection and Ransomware Recovery strategy is vital for resilience
Eight Arab nations, $40.9bn impact: The World Cup’s economic power play
Beyond setting a participation record, the unprecedented Arab presence at the 2026 World Cup highlights the growing economic influence of...
Opinion
Company News
Latest News
Russia-Ukraine: A tragic comedy of errors
As the Russia-Ukraine conflict grinds on, the West's financial commitment grows, while neither Zelenskyy nor Putin shows interest in peace...
Opinion
What can employers do to combat STEM talent shortages?
Employers must prioritize retention by understanding employee preferences for benefits, hybrid working, and workplace culture, as effective retention strategies enhance...
Dubai, Abu Dhabi real estate market thrives in Q1 2024
“2024 has opened up to an interesting and promising phase of growth within our sector. As proptech leaders, we can...
Economy
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Opinion
UHNWIs drive Dubai’s luxury real estate growth
"The ultra-high-net-worth individuals (UHNWIs) have transformative impact on the real estate market. These individuals, with their discerning tastes and substantial...
- UHNWIs significantly contribute to the growth of Dubai's luxury property sector, driving demand and innovation.
- Sales of homes priced at $10 million or more in Dubai reached $7.6 billion in 2023, outperforming global cities.
Opinion
Cyber insurance shapes the future of cybersecurity
Cyber insurance, particularly around ransomware, is moving towards a world where insured businesses have strong cyber resilience, well-defined disaster recovery...
- Rising cyber-attack and ransomware effectiveness boosts demand for cyber insurance, leading to increased premiums and stricter coverage rules amid impact on businesses.
- Business risks have evolved from physical to digital, propelling cyber insurance toward a predicted $84.62 billion industry by 2030, highlighting the sector's rapid growth.
Opinion
Vision 2030 empowers women in Saudi legal sector
"The progressive momentum generated in the past decade fills us with positivity and reassurance in the Kingdom, where we have...
- Saudi Arabia's Vision 2030 accelerates female participation in the workforce, surpassing targets ahead of schedule.
- The Kingdom boasts milestones like its first female international referee, astronaut, and train drivers , among others.