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Studies of natural disasters and anthropogenic losses in the countries of the Persian Gulf indicate the need to manage corporate risks

July 29, 2018 UAE Business 0

The member countries of the Gulf Cooperation Council have traditionally been subject to a low level of weather-related requirements, although Cyclone Mekunu, who struck Oman in May 2018, Super Cyclone Gonu in 2007 and floods in the United Arab Emirates (UAE) and Saudi Arabia serve as a reminder that the region is not completely free of natural disasters. Read more

Businesses Collect More Data Than They Can Handle, Reveals Gemalto

July 10, 2018 UAE Business 0
  • 65% of organizations can’t analyze or categorize all the consumer data they store
  • 68% of IT professionals believe their organizations are failing to carry out all procedures in line with data protection laws
  • Only 54% of companies know where all of their sensitive data is stored

With pressure to ensure consumer data is protected mounting, Gemalto, the world leader in digital security, today released the results of a global study which reveals that two in three companies (65%) are unable to analyze all the data they collect and only half (54%) of companies know where all of their sensitive data is stored. Compounding this uncertainty, more than two thirds of organizations (68%) admit they don’t carry out all the procedures in line with data protection laws such as GDPR. Read more

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Best’s Market Segment Report: Jordan’s Challenging Environment Constraints Profitable Growth

June 21, 2018 UAE Business 0

Insurance companies operating in Jordan face challenging market conditions, with competition eroding technical margins, coupled with exposure to political, economic and financial system risks, according to a new market segment report by A.M. Best. Furthermore, the high number of players and concentration on the motor and medical insurance segments has intensified competitive pressures. Tariffs imposed by the government on motor business have further strained underwriting profitability over recent years. Read more

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Takaful in the MENA Region: Finding the Right Ingredients for Success

May 18, 2018 UAE Business 0

A.M. Best believes there are significant opportunities for takaful operators in most Middle East and North Africa (MENA) markets to provide sound financial protection that is in line with consumers’ religious sensibilities, taking into account the huge global Muslim population. However, these opportunities continue to remain disappointingly unrealised, with takaful companies struggling to establish strong business profiles. Read more

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Biz Guard’s bid to introduce new credit risks mitigation concepts for banks and financial institutions in UAE

May 18, 2018 UAE Business 0

History of events of credit defaults by entities from the trading sector has generally been a discouraging factor for the financial sector to engage in financing, which is a sheer opportunity loss for both the sectors as the trading sector contributes to a fairly large part of the country’s GDP. Envisioning the expected positive impact of Expo 2020 in future will further bring promising opportunities of business growth for all players in the country and as well as in the Middle East region. Such growth entails the need to facilitate the building of better financing environment for benefits of both the financial and trading sectors. Read more

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Consumers Vow to Punish Businesses that Fail to Safeguard Their Data and Reward Those that Put Data Protection First

May 17, 2018 UAE Business 0

New findings from a global research study by Veritas Technologies, a leader in multi-cloud data management, reveal that consumers have little trust in organizations to safeguard their personal data. With more and more companies suffering data breaches and hackers seemingly one step ahead, almost one in five (19 percent) consumers in the UAE believe most businesses don’t know how to protect their personal data. Read more

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New MEFMA report forecasts FM industry revenues in the GCC to continue growing by 10 per cent annually

April 26, 2018 UAE Business 0
  • Region’s increasing number of construction projects seen to drive in more growth
  • Market consolidation prompts increase in Mergers & Acquisition activities

 A report from the Middle East Facilities Management Association (MEFMA) confidently forecasts that revenues for the GCC region’s FM industry will continue to grow at 10 per cent annually for the next two years. The bullish outlook complements the region’s thriving FM segment with local firms placing key focus towards further growing their core business lines. The statement, which is the result of a survey commissioned by MEFMA, attributes the expected growth to drivers like the increasing demand generated from the region’s portfolio of construction projects and an expanded scope of work coming from existing clients. Read more

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February 2018: Abu Dhabi Property Prices Report Mixed Trends

March 28, 2018 UAE Business 0

Based on an analysis of over 94,000 property listings on leading property portal, Abu Dhabi property rental and sales prices reported a fairly mixed trend in February 2018. The report gauged user interest in popular areas across the capital and compiled lists of top areas for renting and buying property in Abu Dhabi and the percentage change in prices compared to January 2018. Read more

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How Can You Make Your PPC Campaign Work?

March 24, 2018 UAE Business 0

In a recent news feature published by BBC, using free SEO tools and resorting to PPC or pay per click advertising were named as some of the most cost effective ways of making your presence felt in the online marketplace. As specialists like Nenen, dealing with PPC marketing in Dubai, will explain, pay per click marketing is when a website owner pays Google for showcasing advertisements on relevant websites. When your advertisement is clicked on, you pay a CPC or cost per click to Google. Read more

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March 14, 2018 UAE Business 0

The United Arab Emirates has made a mark for itself as the favourable business centre in the middle east as well in the global market. The UAE has witnessed an increased influx of global business giants which has improved the country’s reputation as the best investment destination. The United Arab Emirates offers an attractive environment for conducting business attributed to the country’s diverse business opportunities and the liberal lifestyle of its citizens. Apart from hydrocarbon investments, other sectors that offer opportunities for potential international investors include; construction, manufacturing, tourism, entertainment, education, financial and trade services, and health services to name but a few. Read more