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Middle East loses $50bn to piracy
- Wednesday, January 09 - 2008 at 13:51
Mohammed bin Abdul Aziz Al Shihhi, undersecretary, planning sector, for the UAE's Ministry of Economy said Middle East businesses lose $50bn annually from electronic piracy and counterfeiting, reported Khaleej Times. He said global software expenditure over the next four years will reach over $350bn, but up to $180bn of that will be lost to illegal trade.
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Jeff Florian, Senior ReporterWednesday, January 09 - 2008 at 13:51 UAE local time (GMT+4)
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