Daily Archives: November 13, 2023

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COP28: PROGRESS AND CHALLENGES REVEALED IN GULF’S JOURNEY TO NET ZERO

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COP28: PROGRESS AND CHALLENGES REVEALED IN GULF’S JOURNEY TO NET ZERO

  • As the UAE gears up to host the global climate change summit, Arabian Gulf Business Insight (AGBI) provides guide to GCC’s current position and targets

Dubai, United Arab Emirates – 11 November 2023:  A special report analysing lower emissions targets and charting progress towards achieving them in the GCC is being made available today ahead of the UAE’s hosting of Cop28 later this month.

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Technologies

Middle East Cloud market poised for accelerated growth as 76% of firms pledge bigger cloud budgets

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Middle East Cloud market poised for accelerated growth as 76% of firms pledge bigger cloud budgets

  • 85% of the companies in the Middle East have already embarked on their cloud journey, of which almost half are already capturing tangible value from the cloud
  • 88% of “cloud-powered” companies reported an increase in revenue over the past six to nine months, compared to 76% of non-cloud-powered firms
  • Regional cloud market has potential to generate substantial additional revenues, with three-quarters of firms set to increase their cloud budgets in 2024, and 68% of Middle East companies planning to migrate a majority of their operations to the cloud by 2025
Continue reading Middle East Cloud market poised for accelerated growth as 76% of firms pledge bigger cloud budgets →