Sunday 4 December 2016

Opec deal unlikely to affect oil market balance

Opec has agreed to cut production by roughly 1.2 million barrels per day (mbpd) to 32.5 mbpd, which equates to a 4.5-4.6 per cent cut per member country, said Barclays in a new report. “We believe the outcome is consistent with our view of what Opec production levels were e


10 most important shifts in IT companies before 2020

Global ICT research and consulting firm International Data Corporation (IDC) has laid out the ten most important shifts that will happen in IT organizations over the next 36 months and will guide senior IT executives in the formation of their three-year strategic IT plans. To hel


Travel is 'the secret to true happiness'

Almost half (49 per cent) of people say a holiday brings them more happiness than their wedding day, while over half (51 per cent) prefer travelling over going on a date with their partner, according to a new study. Global research commissioned by, a global leader in


What are the 14 key cyber threats to watch in 2017?

Intel Security has identified 14 threat trends to watch in 2017, the most critical developments to watch for in cloud security and the Internet of Things (IoT) security, and the six most difficult-to-solve challenges facing the cybersecurity industry. The McAfee Labs 2017 Threats


NRIs biggest risk takers in investment

New research has uncovered large differences in the understanding, attitudes and engagement of investors from different nationalities living in the UAE. The report, carried out by financial solutions provider Old Mutual International and investment management firm Quilter Cheviot


Saudi Arabia's deficit 'could hit $90bn in 2016’

Saudi Arabia’s austerity, privatization and taxation measures will not be sufficient to reduce the deficit to the desired extent, leading to the kingdom seeing a deficit of $80-$90 billion or 13 per cent of the GDP in 2016, a report said. Cost-cutting pressure and declining


Opec, gold facing moments of truth

Global financial markets continue to reset and adjust expectations following the US elections. The belief that US will lead a growth charge through raising fiscal spending instead of central bank quantitative easing and austerity has triggered a major response from all asset classes with the do


Cybercrime hits over 2.5m UAE consumers

More than 2.53 million consumers in the UAE have been victims of online crime in the past year as hackers took advantage of consumer complacency, said a new report from Norton by Symantec, a global leader in cyber security. The annual Norton Cyber Security Insights Report shows t


Five key trends that will shape the next 5 years

GCC countries are dependent on international trade for economic growth and are likely to be affected should protectionism continue to rise, says an industry expert highlighting the five key trends that will shape the next five years. The Global Business Policy Council (GBPC), a s


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