A new report by the Sharjah FDI Office (Invest in Sharjah) which offers key insights into the factors driving high investor confidence in the emirate’s diversified economy and its continued appeal as an attractive destination for foreign direct investment (FDI) has been hailed by high-level officials in both the public and private sectors of the emirate.
Research & Studies
Tuition fees for higher education is the leading concern for 70 percent of parents in the United Arab Emirates (UAE) revealed a survey commissioned by Zurich International Life (Zurich), part of Zurich Insurance Group. The survey further revealed that less than a third of the parents surveyed have an education savings plan in place.
Acronis, a global leader in cyber protection, unveiled its mid-year cyberthreats report, conducted by Acronis’ Cyber Protection Operation Centers, to provide an in-depth review of the cyber threat trends the company’s experts are tracking. The report details how ransomware continues to be the number one threat to large and medium-sized businesses, including government organizations, and underlines how over-complexity in IT and infrastructure leads to increased attacks. Nearly half of all reported breaches during the first half of 2022 involved stolen credentials, which enable phishing and ransomware campaigns. Findings underscore the need for more holistic approaches to cybersecurity.
The world’s leading independent advisory, testing, inspection and certification organization, UL (Underwriters Laboratories), published a bankability study report on Trina Solar’s Vertex series modules. Twelve models of Vertex modules were shown to have excellent performance in reliability, compatibility and lowering LCOE and a high-standard quality management system.
Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced strong first quarter results for the Group, improving both revenue and profitability for the ninth consecutive quarter. First quarter net income grew 11% year-on-year to US$516 million and 35% year-on-year to $556 million on a non-HKFRS  basis. Revenue grew to US$17 billion, up 5% year-on-year in constant currency.