report

  • 49% of UAE shoppers likely to shop cross-border

    At an exclusive Breakfast Club Seminar, held recently by DHL Express, the world’s leading international express service provider - UAE related e-commerce insights from a global survey by PayPal was revealed. Titled ‘World of Opportunities for the UAE Merchants’ the findings depict highly encouraging trends pertaining to cross-border e-commerce amongst digitally-savvy consumers in the Middle East and other regions. Nearly half of the consumers in the UAE – at 49%, prefer to shop cross-border, based on their numerous preferences such as availability, affordability, convenience and security - reveals the survey, among other interesting results.

  • Bayt.com Poll: 95% of MENA Job Seekers Want Companies to Engage with Them via Online Job Sites

    In today’s hyper competitive market, companies have to find ways to differentiate themselves to become an employer of choice and ensure not only talent attraction, but also retention.

  • Debate about auditor scepticism must address public concerns, says ICAEW

    Debate about auditor scepticism needs to be more substantial and constructive, according to ICAEW’s latest report Scepticism: The Practitioners’ Take. The report captures fresh insights from auditors, and those who train and regulate them. It highlights what auditors are doing and recognises that they have lessons to learn, but also says that it is unhelpful to use ‘lack of auditor scepticism’ as a catch-all explanation for anything that goes wrong on audits.

  • EMEA Businesses Prioritise Finding and Keeping Talent in 2018, HireRight Research Reveals

    HireRight, a leading provider of global candidate due diligence services, has announced findings from its 2018 EMEA Employment Screening Benchmark Report. Finding, retaining and developing talent has been earmarked as a key challenge this year for more than half (52%) of EMEA businesses, according to the latest annual EMEA employment screening benchmark report from HireRight.

  • Expo Centre Sharjah will host major international exhibitions during the 4th quarter of 2018

    Expo Centre Sharjah will host a variety of major international events, which includes economic and cultural exhibitions and conferences, during the fourth quarter of this year. The agenda of events will begin with the MidEast Watch and Jewellery show in October and end on December 14 with the China Trade Week.

  • Facing Extinction, the Power of Influence Offers Local Media a Lifeline

    Today, Ogilvy announced the findings of the second half of the 2018 Global Media Influence survey.  The survey found that nearly 60% of respondents worldwide believe that local media must adapt to the changing environment or face extinction.  Similar to global media outlets, local journalism has been significantly disrupted by the advent of new digital technologies and behaviors.

  • FORTUNE GLOBAL 500 COMPANIES RECOGNISE IMPORTANCE OF EMERGING ECONOMIES

    The latest edition of the Fortune Global 500 Index for 2018 confirms the ever-increasing role that emerging markets are playing as key drivers of global economic growth and their influence on top international firms.

  • Gartner 2018 Hype Cycle for the Digital Workplace

    Speech recognition will reach the Plateau of Productivity within the next two years and six other technologies will reach mainstream business adoption in the next two to five years according to the 2018 Gartner, Inc. Hype Cycle for the digital workplace.

  • Gartner Identifies Five Emerging Technology Trends That Will Blur the Lines Between Human and Machine

    The 35 must-watch technologies represented on the Gartner Inc. Hype Cycle for Emerging Technologies, 2018 revealed five distinct emerging technology trends that will blur the lines between humans and machines. Emerging technologies, such as artificial intelligence (AI), play a critical role in enabling companies to be ubiquitous, always available, and connected to business ecosystems to survive in the near future.

  • Gartner Says Huawei Secured No. 2 Worldwide Smartphone Vendor Spot, Surpassing Apple in Second Quarter 2018

    In the second quarter of 2018, Huawei surpassed Apple to secure the No. 2 worldwide smartphone vendor position for the first time ever, according to Gartner, Inc. Apple moved into the No. 3 spot. Overall, sales of smartphones to end users grew 2 percent in the second quarter of 2018 to reach 374 million units.

  • Gold prices have bounced back sharply and given a short term breakout on the daily chart

    Currencies

    Strong German economy lifts Euro

    All sectors of the German economy grew in the second quarter, data showed, with robust domestic activity helping to cushion against risks to exports from an uncertain global trade outlook. Construction and state spending expanded the most, both up 0.6 per cent quarter on quarter. Private consumption extended its growth run to six straight quarters, reflecting steady falls in unemployment during what has been a long phase of economic recovery. Turkish crisis seems to be calming down a bit, attention is starting to focus on other things, such as the risk appetite. That should lift the Euro overall.

  • Governments Around The World Must Rethink Their Structure In The Face of Disruption

    Powerful forces are transforming societies everywhere—but the structure of most governments remains unchanged. The public sector must move away from its siloed design to create a more agile organization—or risk a precipitous decline in effectiveness and legitimacy, according to a new report by The Boston Consulting Group (BCG). The report, A Blueprint for the Government of the Future, is being released today.

  • Historically September has been positive for gold prices and the probability of delivering a positive return is 70%

    Currencies

    EU’s Barnier no longer a barrier

    There was a strong rally in GBP last month on the back of comments from the EU’s Barnier. As such, GBP price actions underscore how sensitive GBP is to Brexit news, and while the comments from Barnier in reality are not major news, it could potentially trigger a relief rally in GBP and reduce the Brexit risk premium priced in the FX option market. However, note that both the UK and EU still have 'red lines' that do not appear to be compatible and we still expect significant noise and volatility in the coming months as the Brexit end-game moves closer.

  • INNOVATION TRANSFORMING MIDDLE EAST & NORTH AFRICA’S BUOYANT CONFECTIONERY TRADE

    The Middle East and North African (MENA) confectionery industry – set to reach a value of USD11 billion by 2021, accruing 18 per cent year-on-year growth according to Euromonitor International – is witnessing a torrent of innovation as regional and international manufacturers look to build regional market share and step up export potential.

  • MENA Data Center Spend to Reach Record USD 5 Billion by 2020

    As the Middle East accelerates its digital transformation and Smart Cities growth, regional data center spend will reach a record-high of USD 5 billion by 2020, industry experts announced today ahead of GITEX Technology Week.

  • Mimecast Report Reveals an 80% increase in Impersonation or Business Email Compromise (BEC) attacks

    Mimecast Limited (NASDAQ: MIME), a leading email and data security company, today announced the availability of its latest quarterly Email Security Risk Assessment (ESRA), an aggregated report of tests that measure the efficacy of widely used email security systems.

  • New Study Finds Ways Controllers Can Elevate Their Strategic Role in Organizations

    IMA® (Institute of Management Accountants) and the Deloitte Center for ControllershipTM today announced the release of a report revealing that many controllers feel “boxed” into the traditional role of their title, performing operational analysis and budgeting, while few have the opportunity to move into seats at the executive table.  

  • PayPal 4th Annual Global Cross-Border Research forecasts AED 1.6 billion growth in cross-border shopping for 2018

    Overall online spending continues to grow in the UAE, and is forecast to reach AED 36 billion by the end of 2018,  according to a joint report  issued by PayPal and Ipsos today.  The Fourth Annual Cross-border Commerce report, which tracks online domestic and cross-border shopping habits of approximately 34,000 consumers in 31 countries,  also revealed that 81% of adults in UAE shopped online in the past 12 months, up from 68% in 2016. 

  • Rising Bond Yields Weighing On Gold - Century Financial Weekly Market Report

    Currencies

    Bearish Engulfing candlestick at resistance

    Earlier in the week, ZEW Economic Sentiment remained in negative territory. The indicator came in at -10.6, posting a decline for a sixth straight month. Even the German Final CPI dipped to 0.1%, down from 0.3% a month earlier. In the U.S, the red-hot labor market continues to be the envy of industrialized countries around the globe. The unemployment rate is at a remarkable 3.8% and unemployment claims were almost unchanged at 204 thousand, another excellent reading.

  • Saxo Bank reveals 139% growth in UAE-based female traders since 2016

    Saxo Bank, the leading Fintech specialist focused on multi-asset trading and investment, has revealed its UAE-based female trader clients have increased by 139 per cent since December 2016, with women now constituting 10 per cent of all Saxo Bank-registered online traders in the UAE – up from eight per cent in December 2016.