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January 12, 2019

Ponemon-Tenable Study Find 60% of Organizations Suffered Two Or More Business-Disrupting Cyber Events in last 24 Months

Tenable®, Inc., the Cyber Exposure company, released the Measuring and Managing the Cyber Risks to Business Operations Report, an independent study conducted by Ponemon Institute. It found that 60 percent of organizations globally had suffered two or more business-disrupting cyber events — defined as cyber attacks causing data breaches or significant disruption and downtime to business operations, plant and operational equipment — in the last 24 months. Further, the vast majority of respondents (91 percent) had suffered at least one such cyber event in the same time period.

Despite this documented history of damaging attacks, the study found that the majority of [...]

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December 28, 2018

Middle East, Africa, & Turkey Wearable Devices Market Enjoys Strong Growth

Shipments of wearable devices in the Middle East, Turkey, and Africa (META) region reached 1.13 million units in the third quarter of 2018 (Q3 2018), according to the latest insights from IDC. The global technology research and consulting firm’s Worldwide Quarterly Wearable Device Tracker shows that shipments were up 77.6% on the corresponding period of 2017 and up 50.0% on the previous quarter.

The market witnessed various new product launches in Q3 2018 from brands such as Fitbit, Huawei, and Garmin, which all helped spur growth in the basic wearables category. A large number of shipments from Xiaomi, particularly to Turkey and the UAE, was another driver [...]

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December 23, 2018

‘Dubai Economic Report 2018’ confirms emirate on track as financial, business hub

The Department of Economic Development, DED, announced the release of the ‘Dubai Economic Report 2018’ on Saturday.

The report reviews the major macro- and sectoral level economic developments and growth in the emirate during 2017. It aims to be a reference for public and private sector decision-making as well as for developing policies and strategies that enhance overall competitiveness and growth in Dubai and the UAE.

Dubai had gross domestic product, GDP, of AED389.4 billion in 2017, a growth of 2.8 percent in constant prices from AED378.8 billion recorded in 2016, whereas the UAE economy as a whole achieved a lower growth of 0.8 percent, says the report [...]

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December 13, 2018

Mimecast Report Finds Emails Containing Dangerous Attachments Up More Than 25 Percent

Mimecast Limited, a leading email and data security company, announced the availability of its latest quarterly Email Security Risk Assessment (ESRA), anaggregated report of tests that measure the efficacy of widely used emailsecurity systems.* In comparison to last quarter’s findings, this newassessment found that email security systems are missing 25 percent more emailscontaining dangerous file types.

Typically dangerous file types are rarely sent via email for legitimate purposes, such as: .jsp, .exe, .dll and .src, and can be used facilitate an attack. Detailed Mimecast ESRAs help organizations better understand what types of email-borne threats are getting through [...]

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December 10, 2018

DXB customer numbers top 7m in October

Dubai International (DXB) started the final quarter of the year on a positive note with 7 million plus customers passing through its doors in October.

There was moderate growth in October (2.1% YoY), helping the hub’s traffic to reach 74.5 million passengers for the year.

Key facts and figures

Customers served: 7,007,823 in October (2.1%) taking DXB’s year to date numbers to 74,529,259 (+1.5%).

Baggage volumes: 5.7 million bags (+4%) passed through the airport’s sophisticated 175 km long baggage system during October.

Waiting Times: Thanks to the state-of-the-art operations centre at DXB which leverages real-time information to [...]

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December 6, 2018

Flawless Phishes, Monetisation and Intelligence: What’s Ahead for Cybersecurity in 2019

by Brian Pinnock, cybersecurity specialist at Mimecast

What lies ahead for companies, governments and individuals regarding cybersecurity in 2019? Will we see the EU government forcing US data centers to hand over data? Will the European Union issue its first major fines for organisations in contravention of its General Data Protection Regulation? Will our growing dependence on social media expose us to unwanted risks as our accounts become compromised?

The World Economic Forum recently placed cybersecurity as the fifth biggest global risk for doing business, with 19 countries ranking it as their number one concern, including 14 in Europe and North America, as well as [...]

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November 14, 2018

IMF Fall 2018 Regional Economic Outlook Report calls for reforms to build resilience and promote private investment and economic diversification across MENAP

Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), hosted the launch of the International Monetary Fund (IMF) Fall 2018 Regional Economic Outlook (REO) report for the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region.

The Report highlights economic growth in the region, with real GDP growth predicted to reach 2.7 percent across the MENAP region and 3.0 percent in the GCC in 2019. In the near term, higher oil prices and a slower pace of fiscal consolidation are supporting a positive outlook for most oil exporting countries.

The Report recommends that MENAP countries prioritise [...]

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October 29, 2018

IATA Forecast Predicts 8.2 billion Air Travelers in 2037

The International Air Transport Association (IATA) revealed that present trends in air transport suggest passenger numbers could double to 8.2 billion in 2037.

The latest update to IATA’s 20-Year Air Passenger Forecast, shows that an increasing shift Eastwards in the center of gravity of the industry is behind the continued strong growth. Over the next two decades, the forecast anticipates a 3.5% compound annual growth rate (CAGR), leading to a doubling in passenger numbers from today’s levels.

The Association warned, however, that growth prospects for air transport, and the economic benefits driven by aviation, could be curtailed if protectionist measures are [...]

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