Despite dwindling oil prices and financial strains in the region, the UAE has managed to safeguard its economy, thanks to the mammoth diversification drive that the nation is undertaking at this moment. Many economy diversification steps have been taken that are giving an extra financial cushion and minimizing the negative effects of the market. Owing…
A look at Dubai’s road network reveals color-coded taxis criss-crossing the streets. There are more than 6,000 cabs carrying hundreds of thousands of passengers everyday, making it one of the most profitable businesses – not only in the UAE, but worldwide as well. Passenger transportation via taxis has changed over the past 23 years in Dubai….
The Fourth Industrial Revolution, in one word, is about change. For many, it represents digitization. Some others see it as disruption. But for a layman, it simply means change. The problem is, this change could be huge, revolutionary and thus disruptive. At some point, some of these changes will overhaul our societies, values and standards….
The Human Brain Project (HBP), a global, ten-year scientific research project aimed at advancing the understanding of neuroscience, brain-inspired computing and brain-related medicine, got underway in 2013. This European Commission initiative, born from the seminal work of Professor Henry Markram, from École Polytechnique Fédérale de Lausanne (EPFL) in Switzerland, provides the scientific community with the…
When a political or social revolution takes place, everyone living within its sphere feels it because it affects everyone within that country or society. However, when it comes to an industrial revolution, very few realize what’s happening, simply because of the pace of change and how it affects consumers. Some of the major differences between…
Turkey is engaged in an increasingly heated war of words on many fronts, even as its troops are engaged on the ground in Syria and are preparing to do battle in northern Iraq, against the express wishes of both Washington and Baghdad. The rift between Turkey and the US over Washington’s support of Kurdish rebel…
The social media campaign ‘I am Lake Urmia’, launched at the end of August, is one sign of growing public concern over the environment in Iran. Prompted by findings that the salt lake in north-west Iran had lost 90 percent of its surface since the 1970s, campaigners are seeking a million signatures to present to…
Low oil prices, a stagnant labor market, the nationalization of the workforce, de-risking behaviors by banks, the planned introduction of value-added tax (VAT) in 2018 and the ongoing conflict in the region are all expected to impact the flow of wage earners’ remittances to and from the Gulf and the Middle East, a report by…
More corporations changed their chief executive officer in 2015 than during any of the previous 16 years and, increasingly, they are deliberately hiring their new CEOs from outside the company. Typically, companies have sought to promote “insiders” to the CEO position. Hiring an outsider was historically seen as a last resort – a step that…
The power to connect digital size, scale and outcomes lies with businesses, industry sectors and governments. With smart investments, digital resources, technologies and assets can have a positive influence on competitiveness and help economies and industries drive greater, more sustainable value. Within the next three to five years, however, the competitive landscape could be turned…
