report

  • Illegal cigarettes cost GCC governments $210 million in lost taxes

    Philip Morris International (PMI) has collaborated with Oxford Economics to monitor and analyse total consumption, domestic sales, and lost tax revenues due to illicit trade in the GCC region.

  • 185,000 Jobs Were Made Available on Bayt.com in 2018

    The Middle East’s largest jobsite, Bayt.com, announced that it ended the year 2018 with more than 185,000 jobs announced on the site.

  • 49% of UAE shoppers likely to shop cross-border

    At an exclusive Breakfast Club Seminar, held recently by DHL Express, the world’s leading international express service provider - UAE related e-commerce insights from a global survey by PayPal was revealed. Titled ‘World of Opportunities for the UAE Merchants’ the findings depict highly encouraging trends pertaining to cross-border e-commerce amongst digitally-savvy consumers in the Middle East and other regions. Nearly half of the consumers in the UAE – at 49%, prefer to shop cross-border, based on their numerous preferences such as availability, affordability, convenience and security - reveals the survey, among other interesting results.

  • 70% UAE Parents Believe Creative Thinking and Languages Are Most Important Skills To Future-Proof Children’s Careers

    Swiss International Scientific School in Dubai (SISD) today reported that parents in the UAE are increasingly aware of the importance of selecting a school curriculum that teaches skills that are essential for future careers. In fact, 95% of UAE parents recognize the importance of checking a school’s curriculum to ensure it covers the required skills for future jobs. According to the survey, parents believe that the top three important skills required will be creative/innovative thinking (75%), emotional intelligence (70%) and languages (70%).

  • 80% of EMEA Life Sciences Companies Found Candidates Misrepresenting Information on their CVs

    Up to 1 in 5 candidates across the EMEA Life Science’s industry have been found misrepresenting information on their job applications, according to recent findings by HireRight, a leading provider of global candidate pre-employment screening services. The findings have been released as part of HireRight’s 2018 EMEA Employment Screening Benchmark Report, which surveyed over 6,000 HR professionals across the EMEA, APAC and US regions.

  • 84% of MENA region’s Youth believe that growth of Private Sector is the way forward

    A survey conducted by Oliver Wyman in collaboration with INJAZ Al-Arab in the MENA region, has revealed 84% of the region’s youth respondents believe the private sector will continue to grow in the region. More than half (56%) hold a positive opinion on the sector overall - a high ‘approval’ rate for the private sector given the dominant role of the public sector in many countries. The survey evaluated demands of the future labor market and perspectives of the young generation shaping the private sector’s potential contribution to overall economic growth. 

  • 93.2% of MENA Professionals Say Employers Are Responsible to Promote Health and Wellbeing

    The Bayt.com ‘Health and Wellbeing in the MENA’ poll, conducted with over 9,000 respondents in the region, revealed a variety of insights about lifestyles of professionals and how employers can elicit a healthy change in the workplace. According to the poll, a great majority (93.2%) of respondents believe that it is the employer’s responsibility to promote health and wellbeing at work. In fact, nearly 7 in 10 respondents place greater value on health insurance compared to a higher salary.

  • A flying economy – the economic powerhouse above the clouds

    For the people of Flyland – the 11.9 million individuals from around the world who take to the air every day – business is soaring, according to new research and analysis from HSBC.

  • ABILITY TO EMBRACE TECHNOLOGY WILL DETERMINE FUTURE OF FOOD MANUFACTURING IN THE GCC, SAYS GLOBAL EXPERT

    The future of the GCC’s food manufacturing sector lies in the readiness and ability of its key players to embrace new technology and deliver competitive advantage, according to a leading global leader in organic and natural products.

  • Abu Dhabi Fund for Development Finances Renewable Energy Projects Worth AED4.4 Billion

    From its inception in 1971 up to December 2018, Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has financed hundreds of development projects in the renewable energy sector around the world worth AED4.4 billion (US$1.187 billion).

  • Accelerated integration, investment and empowerment are key to the Arab region’s growth and global engagement

    Beirut Institute and A.T. Kearney's National Transformations Institute have issued a substantive report titled ‘Constructing the Arab Region’s Engagement in the Emerging Global Future’. The report presents innovative policy recommendations from senior global and regional policy-makers, thought leaders and next generation innovators following Beirut Institute Summit Edition II which took place in May 2018.

  • AdColony reveals research on Brand Safety and how mobile gaming is the right environment for advertisers

    AdColony the largest independent mobile advertising platform recently conducted a Brand Safety Survey which was distributed globally and asked consumers about purchasing behavior, undesirable content, preferred platforms to encounter ads, and more. While inappropriate content can dramatically hinder brand reputation generally, it’s also important to consider how it can affect user behavior and perceptions specifically. Therefore, AdColony decided to take a deep dive on brand safety and conduct a user survey on the topic. The data yielded some interesting results.

  • Airbnb is Just One Part of Dubai’s Sharing Economy

    SHARING ECONOMY SPENDING PASSES $10 BILLION 

    Within the GCC, estimated spending in the sharing economy has topped $10 billion. While the transportation sector has seen the highest spending at nearly $3 billion, the accommodation section is expected to see the highest rate of growth going forward— whopping 42%. From those registered with sites like Airbnb and Booking.com and the guests that use the sharing economy for accommodations, this growth rate is exciting.

  • Airbnb's Business Travel Trends for 2019

    Dubai is one of the world’s most vibrant cities, with a range of nationalities and cultures. As a global business hub, Dubai is a growing destination for foreign investment, with Dubai FDI reporting inflow of foreign capital into the emirate of Dh17.7billion in the first half of 2018.

  • Airbnb’s Trending Destinations for Spring Getaways

    The clouds have rolled in for a few weeks which can only mean that the temperatures are on the way up. As we watch the mercury rise, make the most of March and April! They are a special time to host family and friends in Dubai or look for a springtime experience abroad before Ramadan starts and the scorching summer hits. Airbnb, the accommodation and Experiences platform, that enables inspiring and unique travel experiences, has shared fresh data on where their guests are traveling this spring. Maybe some inspiration for your own travel adventures?

  • ALL THAT GLITTERS IS GOLD FOR GCC ONLINE SEARCH TRENDS

    Demand for higher karat gold has taken an upward turn across the GCC during the past nine months, according to website search trend data from SEMrush, the leading award winning online digital marketing suite.

  • Arc Faults Can Trigger $46,000 Downtime Costs Per Day

    Research by Eaton estimates the cost of production downtime alone could reach $46,000 within 24 hours of an arc fault. Then there is the threat to life safety posed by the initial explosion, the potential for reputational damage and the the cost of replacement assemblies and parts to consider. These can be catastrophic consequences, particularly in power-critical environments such as process plants and hospitals. As such, the power management company has launched a campaign to highlight the risk of arc faults arising from low-voltage electrical distribution panels in commercial and industrial buildings.

  • ARTIFICIAL INTELLIGENCE TO IMPACT REGIONAL POWER SECTOR JOBS

    Artificial Intelligence (A.I.) will significantly impact roles within the regional power sector according to the newly-released Middle East Electricity A.I. & Energy Report, which forecasts major adjustments to jobs in power generation plant operations and maintenance as sensors, digitisation and machine learning are increasingly adopted.

  • As Predicted, Mobile Continued Its Platform Dominance on Black Friday through Cyber Monday

    Akamai predicted in September 2018 that mobile shopping would continue its growth this holiday shopping season. That prediction held true as we saw mobile devices  increase its share of online shopping traffic volume to 57.55% and 35.91% for desktop. Compared to Black Friday 2017 (24 Nov), mobile increased by 12% while desktop decreased by 8%.

  • Asia World Sees Myanmar's New Concrete Road as Catalyst and Confidence Booster for Investments Into Rakhine

    The Asia World Foundation said today that a new, all-weather 54-kilometer concrete road will serve as a major confidence booster and catalyst for direct investments in Rakhine State which today kicked off a three-day investment fair that was inaugurated by Myanmar's State Counsellor Daw Aung San Suu Kyi.