Friday 21 July 2017
 
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Global industry sector outlooks positive: Moody’s

The industry sector outlook is again positively biased as the global economy continues to gradually pick up speed, with steady growth looking increasingly sustainable., Moody's Investors Service said in a new report. Nevertheless, the reduction of monetary stimulus that helpe

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Careless staff among top causes of cyberattacks

Uninformed or careless employees are one of the most likely causes of a cybersecurity incident — second only to malware, said a new report, adding that staff hide IT security incidents in 44 per cent of businesses in Saudi Arabia. With 46 per cent of IT security incidents c

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PC shipments in EMEA decrease 3.5pc in Q2

PC shipments in EMEA (Europe, Middle East and Africa) totalled 17 million units in the second quarter of 2017, a 3.5 per cent decline year over year, according to preliminary results by Gartner, leading research and advisory company. Globally, PC shipments totalled 61.1 million u

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AI revolution – Will it create a new working class?

Artificial intelligence (AI) will take over 38 per cent of US jobs within 15 years, says a recent report by PwC. While the digital revolution will force many jobs to become obsolete, not all is not lost, says futurist Charles Fadel in an interview with CM Rubin of

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$371bn a year - the cost of reaching global health goals

Achieving the Sustainable Development Goal (SDG) health targets would require new investments increasing over time from an initial $134 billion annually to $371 billion, or $58 per person, by 2030, says a study. The SDG Health Price Tag, published today in The Lancet Global Healt

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How do GCC millennials shop online?

Eighty-three per cent of local GCC millennials have shopped online in the past six months, with 42 per cent shopping on local websites and 41 per cent on international sites, says a recent study from YouGov, a global market research firm. The research found that the most likely i

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Data breach costs rising in Middle East: IBM study

The average cost of a data breach in Saudi Arabia and the UAE combined is $4.94 million, a 6.9 per cent increase since last year, according to a 2017 study commissioned by IBM Security. The Middle East study conducted by Ponemon Institute, found that these data breaches cost comp

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Crude spreads tightened over Opec deal

The Opec/non-Opec deal has had a meaningful impact on crude grade differentials across the world, a report said, highlighting that light versus medium or heavy grades have continued to tighten substantially in the past six months. The narrowing light-heavy crude spread is tightly

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Online platform urged to manage millennial wealth

Wealth managers will have to operate like online platform companies offering personalised opportunities if they wish to provide financial advisers with a broad toolkit to help millennials and other clients, said a new report. As technology diffuses, millennials and their advisers

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Green financing making huge strides: UN report

The G20 and other countries have taken huge strides over the last year towards mobilising public resources and private capital needed to make sustainable development and climate action a reality, said a UN Environment Programme (UNEP) report on green finance. Even though investme

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