• ICAEW: Consolidation of regulatory laws will help Saudi Arabia attract foreign investment

    Achieving Saudi Arabia’s ambitious Vision 2030 requires consolidation of regulations in order to attract foreign investment, create new jobs and transfer private sector skills to the public sector. This was the consensus during accountancy and finance body ICAEW’s Corporate Finance Faculty roundtable about how Saudi business is evolving to support a thriving economy.

  • ICAEW: Firms must be reimagined to survive digital era

    ICAEW says accountancy firms need to thoroughly re-think their organisational structure, culture, people and practices to be fit and ready to compete in a digital world. In its latest report Reimagining the Firm[1], the accountancy and finance body urges transformation to go beyond digital tools or services to ensure accountancy firms remain relevant in a digital era.

  • ICAEW: region’s investment management industry must evolve

    New savings and investment products that are easy to understand and available to everyone are urgently needed, according to a new report by ICAEW. In ‘Audit Insights: Investment Management’, the accountancy and finance body warns that indecipherable statements, high fees and a perception of exclusivity mean many feel alienated from the investment management industry when they need it most.

  • IMF cuts global growth forecast

    he headline that the IMF has downgraded its economic growth projections for the first time since July 2016 is naturally not positive news for investor sentiment. There are a few ways that this news can be digested. One is to accept that expecting global growth at a rate of 3.7% in comparison to 3.9% still represents a healthy pace of growth when you consider the severe turbulence that the global economy has faced over the past 10 years. But on the other side, there are concerning comments from the IMF that a combination of trade tensions and stress in emerging markets is behind the modest downgrade in growth expectations, along with even more worrying comments that the IMF is concerned that global growth might have plateaued, indicates to a degree that there are also reasons for investors to be uneasy about the IMF downgrade.

  • Implementation of Advanced Analytics Improves Corporate Performance

    The Institute of Management Accountants (IMA®) released a report today that reveals an industry-wide desire for leading-edge analytics. The report, “The Data Analytics Implementation Journey in Business and Finance,” explores the extent to which advanced analytics are being developed by organizations, the business case for implementing advanced analytics and the impact of leading-edge analytics on the role of finance.

  • Index heavyweights expected to see buying interest from foreign investors – Allied Investment Partners PJSC Market Report

    Global markets closed higher during the previous week on the back of optimism over next week’s Brexit vote and possible trade talks between the US and China. However, the market brushed aside negative economic indicators, reinforcing a widely expected global slowdown by economists in 2019. Brent Oil surged by 4.4% during the week on the back of OPEC led supply cuts coupled with hopes that the US and China would reach a deal to end the trade tensions.


    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.

  • Interoperability, Not Technology Will Drive Smart Communities Development

    Juniper Networks, an industry leader in automated, scalable and secure networks, today announced at GITEX Technology Week 2018 new market research* that it conducted with YouGov which suggests that consumers place capabilities like interoperability over technological advances like 5G, cloud, IoT and automation when it comes to which key factors will support the enabling of “smart communities”. The market research is in line with this year’s GITEX theme of driving “future urbanism” and highlights how communities are using information technology to act as a catalyst for transforming life and work, across a wide variety of environments and use cases. Spanning rural villages all the way to the newest megacities, these use cases include innovations in automated infrastructure management, environmental monitoring, autonomous vehicles, social change and population information and protection.

  • Introducing a New Approach to Track National Progress Beyond GDP at World Government Summit 2019

    A new report compiled by Boston Global Consulting Group (BCG), titled ‘Towards A Broader View of National Performance’, prepared in collaboration with the 2019 World Government Summit, shines light on the need to go beyond the widely-used Gross Domestic Product (GDP) metric as a sole indicator of societal well-being and economic performance.

  • Investors are expected to remain on the sidelines as a result of concerns over global growth – Allied Investment Partners PJSC Market Report

    US markets ended the week on a negative note after weaker than expected data in Europe and China spurred concerns of a global economic slowdown coupled with ongoing trade tensions between the two largest economies which weighed on investors sentiment.

  • Investors expected to focus on Q3 earnings – Allied Investment Partners PJSC Market Report

    The UAE markets ended the last trading session of the week on a negative note, as Dubai and Abu Dhabi were down by 0.1% and 0.9%, respectively. In terms of weekly performance, both the markets ended in red as Dubai was down by 0.8% and Abu Dhabi by 2.1%. Investors will focus on third quarter earnings to access the economic environment and accordingly position themselves in the current market.

  • JLL Reports Record Fourth-Quarter and Full-Year 2018 Results

    Jones Lang LaSalle Incorporated (NYSE: JLL) today reported strong operating performance for the full year and fourth quarter of 2018.

  • KSA survey identifies security as top concern in adopting effective intelligent workspace strategies

    An IDC survey commissioned by Citrix (NASDAQ:CTXS) found security and data leaks to be a key concern in adopting intelligent workplace strategies. The survey results were presented at an event at the Riyadh Four Seasons.  

  • Managing Higher Education Networks is More Challenging than Ever Before

    Infoblox Inc., the leader in Secure Cloud-Managed Network Services, today announced the results of its global survey on the state of network security at higher education institutions. Results reveal that 81 percent of IT professionals state securing campus networks has become more challenging in the last two years.

  • Marketers Need to Solve for Data Fragmentation and Quality Challenges to Deliver Stronger Shopper Experiences

    Criteo (NASDAQ: CRTO), the advertising platform for the open internet, today released the “State of Ad Tech 2019” report which evaluates how today’s marketers can successfully convert audiences throughout each stage of the purchasing journey. Criteo surveyed 901 direct response marketers in partnership with Euromonitor International, to better understand the challenges of converting customers in today’s complex digital ecosystem.

  • McAfee Labs 2019 Cybersecurity Threats Predictions

    The McAfee Labs 2019 Threats Predictions Report, identifies rising trends and how they are predicted to change the cyberthreat landscape in 2019. McAfee researchers expect malware-as-a-service families to strengthen, energizing the market for attack outsourcing and the evolution of increasingly innovative and agile attack methods. As a result, corporate data, home IoT devices and brand reputations will be under siege, with cybercriminals largely using social media, the cloud and mobile phones as increasingly prominent attack vectors.

  • Medical experts find that 80 percent of marathon runner injuries are experienced in the knee

    The most common marathon running injury is known as the “runner’s knee” or Iliotibial band syndrome which affects about 33 percent of runners with an injury due to its frequency in running. Pain caused by friction of this fibrous band against bone over the lateral side (outside) of the knee. Usually very chronic and irritating, needs stretching, sometimes injection therapy and even surgery. Dr. Erik Hohmann, Consultant Orthopedic and Trauma Surgeon, Sports Physician, Burjeel Hospital for Advanced Surgery, Dubai takes a closer look at other common marathon running injuries such as Shin splints, Plantar fasciitis, and Stress fractures that affect marathon runners due to its long distance.

  • 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.

  • MENA packaging industry poised for growth

    Packaging sales across the Middle East and North Africa will be worth AED268 billion this year, according to the most recent research published by Smithers Pira.

  • MENA’s renewable energy growth expected to power regional economies, cushion oil reliance

    The Middle East and North Africa (MENA) economic wellbeing is on a sustained recovery path thanks to a positive global outlook, rise in oil prices, and improved domestic demand. Analysts across the region are highly optimistic that the MENA’s economy will fully rebound in 2019 as a result of economic stabilization policies and reforms instituted by the respective governments.