• Black Friday alert: popular online fashion shops among top targets for data stealing malware in 2018

    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.  

  • BPG Orange Survey Turns the Spotlight on Social Media Influencers

    Following two surveys by BPG Orange which analyzed brand’s and consumer’s perception of social media influencers, BPG Orange has turned the spotlight on influencers to understand what drives them to engage with brands in the UAE.

  • Brexit Brings Brit’s to Dubai

    Brexit causes uncertainty in the UK forcing residents to look at options for overseas living.

    UK residents are seeking an increase in security and earnings.

    Allsopp & Allsopp have seen an influx of CV’s from Brit’s after the announcement of Brexit causing political uncertainty. Residents of the UK are uncertain of the future of their country and looking to improve their lifestyle and earnings by moving further afield.

  • CIO-Office Weekly - Jan 14th 2019

    The US Federal Reserve has of late been on a communication campaign to clarify its stance towards the intended tightening path in 2019. The ensuing message marks quite a dovish shift against the previously communicated “dots”. In particular, both the minutes of the December meeting and Powell’s remarks last week laid emphasis on patience, implying the Fed would be on hold for weeks or months. As a consequence, risk premia across asset classes dropped in January, with the largest rallies recorded in equities and oil. Although this change in tone might be more style than substance, as the Fed has declared over and over that policy remains data-dependent, it has implications for asset classes. Gold has rallied slightly more than 10%, EM currencies about 4% and Brent crude 20% from their respective lows of 2018.

  • Commodities find a bid as 2019 begins

    A tumultuous first trading week of 2019 headed towards a calmer close. After hitting a 33-months low the Bloomberg Commodity Index managed to climb to record its first weekly gain in five. The global market rout was caused by economic and political uncertainty as well as tightening liquidity paused on Friday after Beijing confirmed that a US trade delegation would visit on January 7- 8.

  • Commodities hurt by global market rout

    Commodities remained exposed to broad-based selling this past week. For a third consecutive week, the sector struggled to put up a defence against the challenging combination of rising US interest rates, a strong dollar and the global equity rout, which has now spread to the US market.

  • Commodities: Trump, sanctions and tariffs

    The direction of many major commodities will continue to be influenced by the decisions taken in Washington during the past six months.  Apart from the weather, which has delivered challenges as well as opportunities across the agriculture sector, President Donald Trump’s trade war with China and sanctions against Iran will keep setting the tone for the rest of the year.

  • Countdown to the ‘G2’ showdown

    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.

  • Criteo’s Q2 2018 Global Commerce Review Points to Continued Growth of In-App Transactions

    Criteo (NASDAQ: CRTO), the advertising platform for the open Internet, has released its second Global Commerce Review of the year with data gathered during the second quarter of 2018. The report analyzed browsing and purchasing data from over 5,000 retailers in more than 80 countries and found that shoppers continue to embrace mobile web and smartphone app technology for purchases, especially among pure-play online retailers.  

  • Cryptocurrencies: China leads the way

    Emerging markets have a critical role in the cryptocurrency mining industry. This importance is due to the abundant manufacturing capacity and cheap electricity available in some emerging economies. China, by and large, plays a pivotal role in the industry. First, most of the manufacturers producing specialised hardware that verifies and secures the largest cryptocurrency networks have most of their operations based in China. Second, China has the largest hash rate (or computing power) of any country. Most figures put China’s contribution to the Bitcoin network at more half of the world’s mining capacity, meaning that most of the revenue from securing cryptocurrency networks flows to Chinese operators.

  • 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.

  • Dimension Data Launches Annual ‘Tech Trends’ Forecast for 2019

    Dimension Data, the USD 8 billion global technology integrator and managed services provider, today launched its Tech Trends 2019 report developed by its team of technology experts. It identifies fundamental industry trends that will come to define the business technology landscape in 2019 across customer experience, cybersecurity, digital business, digital infrastructure, digital workplace, technology futures, and services. In the report, Group CTO Ettienne Reinecke claims that 2019 will finally see digital transformation become a reality and predicts a spate of industry-wide disruption as innovative companies see long-term projects bear fruit.

  • Dubai CommerCity launches regional e-commerce landscape report

    Dubai CommerCity, the joint project between the Dubai Airport Freezone Authority (DAFZA) and wasl Asset Management Group, announced the launch of the ‘MENASA e-commerce landscape report (B2C Products Edition). The report assists global companies and startups in evaluating the opportunities within the regional e-commerce market and highlights the high growth in the MENASA region.  

  • Dubai non-oil private sector growth slows in December

    Key findings:

    December Economy Tracker rounds off softest quarter since Q1 2016

    All three key sectors record slower expansions in December

    Weak inflationary pressures at end of 2018

  • Dubai’s free zones to evolve in response to global digital trends, says JLL

    Dubai’s real estate sector is responding to global  trends by moving away from the traditional model of free zones, and encouraging greater diversity through new digital clusters, reveals JLL’s new report, launched at Cityscape 2018.

  • Earnings Watch: Strong US results expected for Q3

    Q3 earnings season shifts a gear higher this week with a slew of releases from major corporations. US numbers are expected to be strong but this is a party that won't last forever given the wide array of headwinds waiting on the horizon.

  • Eaton – 2019 channel predictions

    Karim Refas – Regional Channel Manager -Eaton Middle East

    #1 – Staying focused

    “One key challenge for channel partners in 2019 will be maintaining their focus on organisational goals without being distracted by major macro-economic trends or events, such as tariffs, political instability and oil prices. This is especially important as uncertainty and a lack of vision are quick routes to immobilising an organisation. In a year when many companies are hoping to do business early given a potentially tough second half to the year once the UK has left the EU, those paralysed by doubt will struggle.

  • Economic reforms set to positively impact Abu Dhabi’s real estate market in the longer term, says JLL

    Although performance across Abu Dhabi’s real estate market remained relatively subdued over the last quarter, the launch of the first phase of the ‘Tomorrow 2021’ initiative paves the way for a more positive investment environment in the longer term, according to JLL’s Q3 market report. 

  • 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.

  • Emerging or sub-merging markets

    It’s been a tough year for emerging-market (EM) investors, who have suffered poor returns on headwinds from the Federal Reserve’s tightening of monetary policy and as the rising global uncertainty from the US-China showdown on trade takes global prisoners.