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...
Opinion
CFOs at forefront of ESG integration in businesses
"The CFO's role as an ESG guardian and promoter varies significantly across organizations. CFOs with limited ESG experience should deepen...
Opinion
YEARBOOK 2023
What 2023 has in store for the GCC auto industry?
A number of other things will also influence the auto industry this year. The most obvious being the expectation of...
- In 2022, customers across the GCC faced issues in availability of vehicles, restrictions on configurations and delays in those vehicles once orders were placed
- The semi-conductor crisis is far from completely resolved and will impact the auto industry in the GCC and the rest of the world in 2023
Opinion
Industrial manufacturers need to be proactive amidst rising rates, skilled labor crunch and fewer subsidies
Organizations that decide not to or are unable to act will continue to find themselves patching together reactive solutions to...
- While the global slowdown may reduce some of the tension on the labor markets, having access to the right skills in the right place will be an ongoing challenge
- The year 2023 is expected to see increasing attempts at cyberattacks, both to gain access to critical data and to enact ransomware
YEARBOOK 2023
IT sector needs to prioritize few key areas in 2023
Telco companies have already been building clouds for years, but as the drive towards distributed applications, choice and a highly...
- Technology, by and large, continues to present huge promise at a time when certainty and reliability is otherwise in short supply, says Joe Baguley of VMware
- Finite financial resources with rising costs and an increasing drive for more effective governance fail to slash the list of IT leaders’ priorities, he adds
Opinion
Networking set for major transformations next year
With an intensified focus on end user quality of experience while increasing protection from cyberattacks, IT will look to a...
- The network now plays an even stronger role, powering the transformation journey that’s needed to thrive during uncertainty and preparing organizations for what comes next in 2023
- Adopting a NaaS strategy will help organizations meet sustainability objectives since leading NaaS suppliers have adopted carbon-neutral and recycling manufacturing strategies
Opinion
Improved management may reduce insurers’ costs
Insurance claims are the ‘moment of truth’ for the customer and the biggest cost in the potential profit and loss,...
- Claims management is growing increasingly complex, making it hard to identify the opportunities and define the solutions that are vital to future success
- Closed claims assessment can be an intense and time-consuming activity, but the savings potential outweighs the effort involved, says an Arthur D. Little report
Opinion
EVs help GCC countries achieve net zero goals
Through strategic investments in our vehicles, services, businesses and technologies, we are leading the way toward a cleaner, smarter and...
- We remain optimistic for a bright future of mobility as regional governments bring to life various net zero visions, writes Gary West of General Motors
- Through strategic investments in our vehicles, services, businesses and technologies, we are leading the way toward a cleaner, smarter and safer society, he adds
YEARBOOK 2023
Stories from MENA that defined democracy in 2022
The MENA region remains largely uneven, and the democracy and human rights situation looks bleak with little prospect of improvement...
- During 2022, autocrats in the region have taken advantage of opportunities to extend their powers, says International IDEA’s Global State of Democracy 2022 Report
- Overall, the MENA region remains largely uneven, and the democracy and human rights situation looks bleak with little prospect of improvement in 2023, the report adds
Business
Growing skill gap adds to cybersecurity burnout
Studies suggest that the Middle East and Africa region rank fourth worldwide in terms of the most ransomware attacks. Between...
- Less than half of new employees receive cybersecurity training and regular updates throughout their career, highlights a study by Accenture
- Well-trained staff and a monitored environment are crucial to the successful protection of any organization, says Adrian Taylor of A10 Networks
Opinion
The rise of the new Arab World
Cities across Europe and North America, and their infrastructure, service and hospitality are pale in comparison to the Arab region...
- Today, Abu Dhabi, Doha, Dubai, and Riyadh [in alphabetical order] are among the best cities/markets to work and live in, with opportunities and speed of execution unseen elsewhere
- The developments of the past two months have shown the world that this part of the planet will have a bright future, writes Julien Hawari, a Dubai-based thought leader
Opinion
Constant evolution of enterprise technology helps Middle Eastern economies grow at faster pace
Enterprise technology will move from closed, centralized platforms to more open, federated, and streaming ecosystems of services. The key battlegrounds...
- Changes in enterprise technology lie at the root of major shifts in the economy and in the ways that companies do business, across nearly every industry
- Customers are pulling companies toward this technology-driven edge, since many now prefer using digital platforms to deal with real people, say experts
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...
Opinion
Company News
Latest News
Expo City Dubai’s adaptive reuse redefines urban living
"With sustainability as a top priority in the region, we are excited to see more developers consider repurposing properties and...
Opinion
Dubai’s real estate defies the odds during global crises
The Palestine-Israel conflict and the war in Ukraine illustrate the difficulty in forecasting the enduring impact of such events. In...
Opinion
US curbs on Iran’s oil exports may hit global portfolios
The US tightening sanctions on Iranian oil could have a negative impact on individual and institutional investment portfolios by disrupting...
Opinion
Most Read
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