Studies and reports

A new survey conducted by Bayt.com – the Middle East’s #1 Job Site – and YouGov – global online market research company – titled Top Cities in the Middle East and North Africa, revealed that the UAE is home to the most highly rated cities in the Middle East. Both Abu Dhabi and Dubai have been ranked the top cities to live and work in the Middle East and North Africa region. The ranking of this regional survey was based on several factors including economic, environmental, standard of living, socio-cultural and entrepreneurship.

Currencies

EU approves Brexit deal

An agreement on the UK's withdrawal from the European Union and its future relations has been backed by EU leaders after 20 months of negotiations. The 27 leaders gave it their backing after less than an hour's discussion in Brussels, saying it paved the way for the UK's "orderly withdrawal". In a one-page document confirming its decision, the European Council said the deal would pave the way for the UK's "orderly withdrawal" and it wanted the "closest possible" relationship in the future.

Beirut Institute and A.T. Kearney's National Transformations Institute have issued a substantive report titled ‘Constructing the Arab Region’s Engagement in the Emerging Global Future’. The report presents innovative policy recommendations from senior global and regional policy-makers, thought leaders and next generation innovators following Beirut Institute Summit Edition II which took place in May 2018.

A holiday-shortened week due to US Thanksgiving proved another very challenging period for commodities. Continued weakness in crude oil and products, as well as agriculture, more than offset a small pickup in demand for precious metals. These developments helped drive the Bloomberg Commodity index towards its biggest weekly loss in five months and to the weakest close in 15 months.

As the big annual holiday shopping season gets underway, new Kaspersky Lab research shows that banking Trojans are actively targeting online users of popular consumer brands, stealing credentials and other information through these sites. Kaspersky Lab technologies detected 9.2 million attempted attacks by the end of Q3, 2018, compared to 11.2 for the whole of 2017, with detections for one malware family up by 34%. Half all online shops attacked were well known consumer apparel brands including fashion, footwear, gifts, toys and department stores. Online shoppers in Italy, Germany, the US, Russia and emerging markets appear to be particularly at risk.