UAE. Emirates, Dubai's flagship carrier, said the European Union's planned carbon emission scheme may cost it as much as US$1 billion over 10 years, as it joined others airlines in objecting to the tax.
From January, airlines flying to or from Europe will have to buy permits from the EU's emissions trading scheme (ETS) for 15% of the carbon emissions produced during the entire flight.
"It (the scheme) will have a very significant impact on Emirates," Andrew Parker, Emirates' senior vice president for industry and environmental affairs, said at a conference in Dubai.
"It's safe to assume som
SAUDI ARABIA. The order from the country's Capital Market Authority was made late last year and affects HSBC Saudi Arabia's US$7 billion asset management arm, according to people with knowledge of the matter.
UAE. 3rd Edition of ArabNet returns to the UAE from May 27-28; Research by McKinsey &Co goes as far as saying that those who become digital leaders can expect 50% profit boosts in their next five years.
UAE. While 80% of IT decision-makers feel their organization's perimeter security is effective at keeping out security threats, 6% of IT decision-makers in the Middle East admit their company has fallen victim to a data breach in 2015.
UAE. Less than 0.15% of the dividends of GCC-listed companies and 0.59% of those of the UAE's dividends invested in tech start-ups vs. 5% in the USA; UAE invests 4x more of its public companies' dividends in tech start-ups.