STANDPOINT by Atique Naqvi

Widening Rich-Poor Gap is a Major Global Risk By Atique Naqvi  |  Dubai, UAE  |  Uploaded on the blog recently** WEF Report on Global Risks 2014 highlights socioeconomic inequality. The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to more than 700 global experts that contributed to the latest World Economic Forum’s Global Risks 2014 report. Taking a 10-year outlook, the report assesses 31 risks that are global in nature and have the potential to cause significant negative impact across entire countries and industries if they take place. The risks are grouped under five classifications – economic, environmental, geopolitical, societal and technological – and measured in terms of their likelihood and potential impact. Most likely global risks: After income disparity, experts see extreme weather events as the global risk next most l...

Absence of Cyber Security May Cost Trillions By Atique Naqvi  |  Dubai, UAE  |  Uploaded on the blog recently** If not addressed, the cost of cyber attacks will be $3 trillion by 2020 Failing to improve cyber security could cost the world economy trillions of dollars and lead to more frequent cyberattacks, according to a new report released today by the World Economic Forum in collaboration with McKinsey & Company. The report titled ‘Risk and Responsibility in a Hyperconnected World’, addresses options that institutions can take to improve cyber resilience and mitigate the economic and strategic impact of such attacks. With the recent proliferation of cyberattacks, corporate executives need to devote increasing attention to protecting information assets and on-line operations. The report notes that major technology trends, including massive analytics, cloud computing and big data, could create between $9.6 trillion and $21.6trn in ...

The instability in the region will affect businesses definitely, but we hope these problems will be over soon and businesses will be back to their normal routine, said Majid Saif Al-Ghurair in 2011. The interview was published in the March 2011 issue of the Dubai-based magazine TRENDS - An International Magazine on Arab Affairs. Below is the jpeg file of the TRENDS magazine.