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Data loss issues affect 82% of Mena businesses, infrastructure left outdated

Despite 82% of Middle East organisations experiencing data loss and/or system downtime, 18% are not confident in their ability to recover valuable data, according to a new survey by EMC. Consequently, revenue loss, employee productivity and customer confidence score high as key concerns for regional enterprises, while outdated backup systems, such as tape and CD Roms, are left in place.

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Tadawul market ends (almost) even

Tadawul market ends (almost) even

Like the Dubai market, the Tadawul All-Share Index failed to sustain yesterday's rebound and slipped 0.06% to close at 7,099.9 points Wednesday,...

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FX Weekly Report (13/05/2012): Greece continues to propel Euro drop

FX Weekly Report (13/05/2012): Greece continues to propel Euro drop

Financial markets went into free-fall this week as recent political developments (or lack thereof) from Greece kept the risk-off trade in vogue. Last Sunday's Greek elections triggered a wave of...

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Smartphone usage in Jordan expected to rise sharply

Smartphone usage in Jordan expected to rise sharply

Vesa Jutila, head of in-market product marketing smart devices at Nokia, has said Jordan is one of the fastest growing markets in the Middle East...

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IT developments provide leap forward for education resources

IT developments provide leap forward for education resources

High-speed broadband has the potential to provide a decisive leap forward in the competitive development of the UAE and wider region — particularly in the field of education.

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Saudi Arabia plans $107bn investment in electricity

Saudi Arabia plans $107bn investment in electricity

The Saudi deputy electricity minister has said the ministry has revised up its estimates for the amount it will invest in power projects over the...

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Deloitte: Oil and gas sector faces talent shortage

Deloitte: Oil and gas sector faces talent shortage

Surveyed oil and gas executives ranked managing human capital and expanding into new markets as top strategic concerns, according to a new report by Deloitte. Executives also found that a looming...

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Drake & Scull's Q1 profit falls 18%

Drake & Scull's Q1 profit falls 18%

Dubai-based construction firm, Drake & Scull International (DSI) has posted an 18% fall in quarterly profit, falling short of analysts' estimates,...

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Dubai villa lease rates rise for first time in three years

Dubai villa lease rates rise for first time in three years

Villa rental prices in Dubai rose in the first quarter for the time in three years, according to a new report by real estate consulting CBRE.

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S&P drops DP World ratings at company's request

S&P drops DP World ratings at company's request

Standard & Poor's has withdrawn its credit rating on DP World following objections by the ports operator to the way the agency assessed its...

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Cruise sector boosts Dubai tourism

Cruise sector boosts Dubai tourism

With the cruise sector continuing to play a larger role in Dubai's tourism industry, the emirate recently welcomed the second largest cruise ship ever to come to the UAE.

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NewsCorp raises stake in Rotana

NewsCorp raises stake in Rotana

Rotana Group, majority-owned by Prince Alwaleed bin Talal, has announced News Corp has raised its share in the group by acquiring newly-issued...

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Arab Spring coverage shows new and traditional media in unison, say experts

Arab Spring coverage shows new and traditional media in unison, say experts

While news continues to permeate the airwaves on radio and television and fill newspapers on a daily basis, new media has rapidly penetrated the Arab world, but the two channels are more...

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