Friday 31 October 2014
 
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Funds positive on Gulf equity markets despite oil price slide

Funds are positive on many Gulf stock markets despite the recent slide in oil prices, after sharp pull-backs in the markets improved valuations, the latest monthly Reuters survey of regional asset managers found. The oil price drop to four-year lows, if sustained for a long perio

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IT losing the battle on security in the cloud

A majority of IT organisations are kept in the dark when it comes to protecting corporate data in the cloud, putting confidential and sensitive information at risk, a report said. While organisations are increasingly using cloud computing resources, IT staff is having trouble con

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Wealth growth in the GCC outpaces global increase

Wealth growth in the GCC has outpaced global growth since 2000, a report said, highlighting that aggregate wealth per adult in the GCC grew by 236 per cent against 125 per cent for the world. Wealth per adult in the GCC has grown by 110 per cent against 77 per cent for the world,

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UAE desert booms again, but builders face cash crunch

Look at computer models for the Venice-like Arabian Canal proposed for central Dubai, or the plans for the world's biggest shopping mall, and it seems as if the collapse of the UAE real estate market six years ago never happened. Citibank estimated earlier this year that ther

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R&D spending rate ‘second lowest in a decade’

While total R&D spending at large companies rose to its highest level ever in 2014, the rate of growth was the second lowest in a decade, a report said. R&D spending at the 1,000 biggest-spending public companies in the world rose by only 1.4 per cent last year – a

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Broadband will revive Iraqi telecom industry

The Iraqi telecom industry is still in the 2G era, with political instability and lack of government support leading to delays in the auction for 3G since 2011. Nevertheless, the imminent launch of 3G services is expected to boost service quality, increase revenue, and encourage private partici

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Top 10 trends transforming interior design in Mideast

Digitisation, sustainability and creative use of space count among the top 10 trends that are transforming interior design in the Middle East, says the organisers of an upcoming international design event in Jeddah, Saudi Arabia. Constant innovation and ever-changing personal pre

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US universities produce the most billionaires

Twenty-five billionaires obtained their bachelor's degrees from the University of Pennsylvania, making it the top university in the world in terms of number of billionaire undergraduate alumni, according to this year’s Wealth-X and UBS Billionaire Census.   The annu

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As oil price slides, Gulf's private business may benefit

Kuwait's privately owned Jazeera Airways is preparing to bid for a big stake in state-run flag carrier Kuwait Airways, Jazeera's chairman told Reuters. If the deal goes through, it will be a sign that the business scene is changing in the Gulf. For several decades, Gulf A

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Shifting focus to smarter products

As the world advances to its urban future and the global population rises, so does the degree of waste thereby causing major environmental challenges - in some cases catastrophes, said an industry expert. A quick glance at the growth in waste numbers (from water to industrial ref

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