Friday 24 October 2014
 
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Exporters fail on pledge to curb bribery: watchdog

Big exporting nations are breaking their pledge to fight corruption in global trade, with more than half of the countries that have signed an anti-bribery convention failing to implement it, a report by Transparency International (TI) showed on Thursday. The Berlin-based anti-cor

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Egypt's Juhayna set for recovery after ‘difficult year’

Juhayna, Egypt's largest producer of packaged juice and dairy products, expects its profits to recover next year after an increase in the cost of raw materials squeezed margins this year, its chairman said. Safwan Thabet said in an interview for the Reuters Middle East Invest

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19pc students spend five hours online daily

Many students would prefer to give up coffee, TV and eating out before their precious smartphones, according to a recent Aruba Networks report. The ‘Building the #GenMobile Campus’ report found that nearly a fifth of these students (19 per cent) spend more than five h

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Gulf airlines target Italy as transit point for expansion

Having shuttled millions of travellers through their plush home bases, rival Gulf airlines are now battling over an Italian market which they see as ripe for expansion and key to driving traffic on to long-haul routes. The tussle will add to the pressure on established European c

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Three ridiculous myths about cyber security

IT security is peppered with a number of exaggerations about threats facing businesses and the solutions to those threats, and several of these misconceptions have become “cyber security myths.” John Bentley, director, Middle East, Africa and India at AccessData, a le

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Wind could supply one-fifth of global power

Installed wind power capacity could swell by 530 per cent to 2,000 gigawatts (GW) by 2030, supplying up to 19 per cent of global electricity, a report from a trade association and Greenpeace said. The report entitled Global Wind Energy Outlook 2014 said installed wind energy capa

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GCC heading towards massive housing shortage

The young demographic structure of the GCC region is creating a surge in demand for housing that could lead to a shortage in excess of one million units by 2018, a report said. With the GCC region set to face a massive shortage of housing, governments need to pursue more holistic

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IBM struggles to reinvent itself in an age of cloud

When IBM Corp CEO Ginni Rometty was asked recently for her tips on how to transform companies, she spoke of "relentless reinvention" and not protecting the past. Applying those precepts to IBM is proving particularly tricky as many of the company's old-line business

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ME firms challenged in attracting, retaining talent

Organisations in the Middle East are facing greater challenges than employers elsewhere in the world with 70 per cent of the firms admitting difficulty in attracting and retaining critical skill and high potential employees, a report said. Seventy-five per cent of Middle East emp

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Tehran train trip newest luxury pursuit

 A luxury train connecting the capitals of Hungary and Iran left Budapest for the first time on Wednesday, with 70 passengers set to cross the Balkans, the Bosphorus and Kurdistan on the way to Persia aboard a set of deluxe railcars. The two-week trip sets back each particip

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