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Dubai, May 17, 2016The Middle East can add $380 billion to regional economic output by bringing the whole region online according to a major new study by Strategy&, formerly Booz & Company and part of the PwC network, on behalf of Facebook. In an environment of low commodity prices and regional instability, the Middle East is changing how it achieves sustainable economic growth. Innovation and digitization will play as important a role in the future as government spending. This is because the Internet is a major driver of growth, and creator of new, high value jobs around the world, which makes digital inclusion a powerful tool for development and poverty reduction.
21% of the 62 largest listed Middle East corporates saw a new CEO take the helm with Saudi Arabia at a very rate of 38,5% in 2015
Many companies in the Middle East set ambitions and develop strategies that are stretching their organizations’ capabilities to the limit
Middle East Ranks 9th Overall of 19 in Global Omnichannel Retail Index

Middle East Ranks 5th of 19 in Grocery, Apparel and Footwear Segments

Middle East has high growth potential in omnichannel market

Construction companies that operate in the Middle East face a range of challenges that grow more complex every year. Low oil prices and geopolitical issues have caught them by surprise. To get through this more complex business environment, they must have leaner operations and improve their management capabilities. In particular, they should take a structured approach to dealing with their two largest spending areas—manpower and procurement—and develop more flexible organizational models, according to a recent study by management consultancy Strategy& (formerly Booz & Company), part of the PwC network.
Autonomous trucks, driverless vehicles that operate independently, are an emerging technology with significant potential benefits for GCC countries, according to a recent study by management consultancy Strategy& (formerly Booz & Co.).
Global investment in the sector jumped three-fold from 2008, reaching US$3 billion in 2014 and is expected to double by 2018
GCC has all the necessary design elements in place to develop FinTech ecosystems
To capitalise on the opportunity, governments and financial institutions should take coordinated and aligned measures to nurture the ecosystem
Only 20% of projects are recognized as fully successful
Qualitative hunches are too often relied on, and are misleading
IT analytics provide an in-depth quantitative analysis, highlighting gaps and simplifying problem solving
Energy usage in the UAE has grown at an annual average of 4% over the past 6 years, with projections that it will increase to 5% through 2020
An integrated energy efficient strategy comprising of three key aspects - smart cities, building efficiency and water usage can significantly reduce consumption
The study identifies four strategic priorities that can aid in achieving greater levels of energy efficiency in the UAE

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