Dubai, UAE October 3 2022: With the expansion of GCC urban areas, municipalities in the GCC are challenged to handle the ever-increasing waste generation through the existing landfill strategies. However, many GCC countries are already investing to improve their waste management, with deals soaring in volume and value in 2019, according to a new report by Boston Consulting Group (BCG) in collaboration with the World Business Council for Sustainable Development (WBCSD). The report, titled “Recycling in the GCC: Securing Valuable Resources for a Sustainable Future”, finds that securing finite resources for future generations and minimizing environmental impact will depend on further increasing waste collection and recycling targets globally as well as across the GCC.
Dubai ranks among top global hubs for talent &innovation
The Digital Revolution is creating enormous opportunities for cities and nations to unleash new sources of innovation-led growth. BCG identified big data and analytics as well as artificial intelligence as the hottest fields for relocators in Dubai.
UAE’s financial wealth to grow by 6.7% annually, reachingUSD 1 trillion by 2026
A new BCG report expects that theUAE’sfinancial wealth will risefrom USD 0.7 trillion in 2021 to a high of USD 1 trillion in 2026
Equities & investment funds are the largest asset class in the UAE and makeup 64% of total personal wealth in 2021, carrying the fastest expected growth estimated at an 8.8% Compound Annual Growth Rate.
National Oil Companies Must Look Towards New Operating Model For A Decarbonized Future
Dubai, July4, 2022: National Oil Companies (NOCs) need to rethink their operating model and clearly link it with their strategic objectives to deliver the expected future production, cost, and greenhouse gas reduction impacts. The new BCG report entitled ‘The Future Operating Model for National Oil Companies”, observed a clear value of implementing lean operating models, as they can deliver 30-40% efficiency gains across the whole O&G upstream value chain. This includes levers such as applying deeper resolution reservoir models and linking them with production optimization that can result in a 4-6% increase in well production and 80% shorter cycle time in early design and evaluation.
Middle Eastern Asset Management Industry Remains Resilient During COVID-19, Reaching USD 1.2 Trillion in 2020
Sovereign wealth funds and retail mutual fundsassets were fundamental to the 11 percent growth from USD 1.1 trillion in 2019, with further growth opportunities likely as markets emerge from economic difficulties