Business

Cyber Attacks Cost Up to $109 Billion in 2016, US Estimates

Cyber Attacks Cost Up to $109 Billion in 2016, US Estimates

The White House released on Friday a report that found that the economic costs of "malicious cyber activity" in 2016 were between $57 billion and $109 billion dollars. The estimate comes in a Council of Economic Advisers report on the impact of cyber attacks on US government and industry.

European Shares Recover from Sell-off

European Shares Recover from Sell-off

European shares gained on Friday, snapping a three-week losing streak as earnings updates continued to impress and volatility and jitters over rising inflation eased. Solid reports from large-cap companies including Renault and EDF lifted the STOXX 600 index 1.1 percent, Reuters reported. Thi

Turkey's Unemployment Rate Falls to 10.3%

Turkey's unemployment rate fell 1.8 percentage points on a yearly basis in November compared to the same month in 2016, the country's statistical authority has said. TurkStat stated that unemployment stood at 10.3 percent, saying the number of unemployed persons age 15 and over – 3.27 million las

Sudan Inflation Spikes to 52%

Sudan Inflation Spikes to 52%

Inflation in Sudan surged to 52.37 percent in January from 32.15 percent in December, the state statistics agency said, amid rising food prices that have kindled unrest and a hard currency shortage that has crimped imports. “This is the highest inflation rate in years,” said Karamallah Abdul Rahm

Saudi Arabia: Tadawul Signs Development Agreement with Nasdaq

Saudi Arabia: Tadawul Signs Development Agreement with Nasdaq

Saudi Stock Exchange (Tadawul) and Nasdaq have signed a specialized agreement that aims at developing Tadawul's technical infrastructure. The agreement includes the replacement of the existing registry, depository and settlement solution and the introduction of a new central clearing solution tha

Surge in Global Oil Supply May Overtake Demand in 2018: IEA

Surge in Global Oil Supply May Overtake Demand in 2018: IEA

The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday. The Paris-based IEA raised its forecast for oil demand growth in 2018 to 1.4 million barrels per day, from a previous projection of 1.3 mi

GCC Family Business are Confident about Prospects for 2018

GCC Family Business are Confident about Prospects for 2018

The Gulf Cooperation Council's family businesses have shown confidence in their prospects for 2018, as they begin to adapt to the “new norm” of lower oil prices and the impact of geopolitical developments, according to KPMG’s recently published “GCC Family Business Survey 2017”. The report analys

Pages

Most Read in Business