• Gartner Predicts 25 Per Cent of Digital Workers Will Use Virtual Employee Assistants Daily by 2021

    The use of virtual assistants (VAs) in the workplace is growing. By 2021, Gartner, Inc. predicts that 25 per cent of digital workers will use a virtual employee assistant (VEA) on a daily basis. This will be up from less than 2 per cent in 2019.

  • Gartner Says Global IT Spending to Reach $3.8 Trillion in 2019

    Worldwide IT spending is projected to total $3.76 trillion in 2019, an increase of 3.2 percent from 2018, according to the latest forecast by Gartner, Inc.

  • 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 and oil looking for a floor while gas spikes

    The commodity sector remains on the defensive with rising supply hurting a diversified group of raw materials from crude oil to grains. Growth concerns in the world’s two biggest economies into 2019 put industrial and semi-precious metals under pressure while gold struggled to build on the recent recovery amid a strong dollar with a hawkish Federal Open Market Committee staying on course to hike rates further over the coming months.  

  • Gold clears first hurdle of resistance

    Gold has cleared key resistance alongside the rout in US stocks, and appears to be breaking its negative correlation to rising US real yields and the CNY.

  • Gold prices are higher after seeing buying support from a more dovish U.S. Federal Reserve - Century Financial Weekly Market Report


    USD likely to weaken

    Although the expected number of rate increases is unchanged, US Fed Chair Powell said that rather that changing those rates to prevent anticipated inflation, he would wait for inflation to lead the way. Powell employed a bland, conciliatory tone, emphasizing that should the economy need further stimulus the bank would not hesitate to use all the tools at its disposal, including buying more bonds. We expect EUR/USD to rally.

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


    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.

  • Gold prices managed to overcome its short term resistance level - Century Financial Weekly Market Report


    Support at 78.6% retracement

    As the stocks tumbled during the week, the world’s most popular currency pair remained relatively stable most of the time. Weak US inflation figures already sent the US Dollar lower and the pair higher. In the euro-zone, Germany’s trade balance and industrial output beat expectations. Italy remained in the headlines but the euro managed to shrug it off more than in previous weeks. In addition, U.S. President Donald Trump said in an interview last week that “the Fed is going loco and there’s no reason for them to do it. I’m not happy about it,” which put pressure on the dollar index and the euro soared higher.

  • Gold prices remain supported with trade concerns lingering in the background - Century Financial Weekly Market Report


    Rising inflation supports Euro

    October’s headline composite output index for the euro area was revised upwards from an initial estimate of 52.7 to 53.1 as Germany’s Composite PMI was revised up significantly from the first estimate of 52.7 to 53.4. Growth in Germany, Europe’s largest economy, looks set to support the outlook for the euro area.

  • Gold regains safe-haven status

    With turmoil on every side, gold has re-emerged as a preferred safe haven with further upside. Meanwhile, prospects for a further recovery in oil seem limited by signs of slowing global growth.

  • Gold sold as stocks receive a China boost

    Commodities started March on the defensive as losses across key agricultural products and emerging profit-taking in precious metals more than offset gains especially among industrial and platinum group metals. Continued investor appetite for global stocks was led by strong markets in Asia, not least in China.

  • Gold to retain safe haven demand - Century Financial Weekly Market Report


    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.

  • 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.

  • Greenback’s path hinges on the Fed’s dot plot

    The U.S. Dollar has enjoyed a robust rally over the past seven months. An economy growing above potential rate, fiscal stimulus, low unemployment, above target inflation, diverging monetary policies, emerging market troubles and recent signs of rising wage growth were all factors that propelled the U.S. currency higher. Yet, the bullish run stalled in mid-August with the Dollar’s index retreating 2.8% from its 13-month high.

  • Growth stocks drive another market swoon

    US stocks sold-off on Monday with the S&P 500 finishing down 2.0%. The bond market was closed in observance of the Veterans Day holiday. Investors remain focused on the same concerns that have been behind the market turbulence of the last six weeks: the sustainability of corporate profit growth, global growth prospects, trade frictions and the impact of higher interest rates. Today's sell-off seems to be related to incremental data points on a few of these fronts.


    Worldwide consumption of food and beverages will account for 8.9 per cent of GDP by 2030 – up from today’s 8.5 per cent - according to the Gulfood Global Industry Outlook Report 2019 released today at the world’s largest annual food and beverage trade exhibition.

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


    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.

  • Hospitality Brands show a low Brand Intimacy score in a keystone industry for the UAE

    The hospitality and theme parks industry ranked last out of 15 industries surveyed in MBLM’s 2018 Brand Intimacy Report. The category's average Brand Intimacy Quotient was 22.8, well below the cross-industry average of 30.5. Within the category, Hilton, Jumeirah, Ferrari World, Rotana, Dubai Parks and Resorts, Marriott, Yas Waterworld Abu Dhabi, IMG Worlds of Adventure, Address and Aquaventure comprised the Top 10 brands.

  • How Gulf Countries can strengthen their Governance of Major Risks

    The latest report by the strategy consultancy firm, Oliver Wyman and the Global Risk Center, “Resilience in the GCC: How Gulf countries can strengthen their governance of major risks,” outlines the risks and examines the efforts being made by individual states in the GCC to deal with the high-level risk agenda. It further outlines the three key priorities that would help regimes improve decision making and resource allocation for long-term resilience.

  • 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.