Author: Arabian Media staff
Image: Getty Images IBM has released its 2025 edition of the Cost of a Data Breach Report, revealing that the average cost of a data breach in the Middle East declined to $7.29m (SAR27m). This marks a notable 18% drop from $8.86m (SAR32.80m) the previous year. According to the report, the reduction was largely due to increased adoption of AI/ML-driven insights, strong encryption, and a DevSecOps approach. Lost business remained the most significant contributor to breach costs in the region, averaging $3.14m (SAR11.63m) per incident. This was followed by post-breach response costs at $2.03m (SAR7.50m), detection and escalation at $1.77m…
Yves Lamoureux has shifted his view on stocks to neutral from “extremely bullish,” as he says investors have turned into gamblers. Source link
Two market commentators believe investors are underestimating the potential for stocks to respond positively to fiscal and monetary stimulus. Source link
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Image: Supplied UAE-based AI-powered SpaceTech firm Space42 has inked a memorandum of understanding (MoU) with Microsoft and Esri to deliver high-resolution base maps across all 54 African nations. The five-year initiative, called the ‘Map Africa Initiative’, aims to support more than 1.4 billion people by improving access to geospatial data and intelligent solutions across the continent. Announced at the 2025 Esri User Conference, the partnership will address long-standing gaps in infrastructure, investment and data availability by producing the continent’s most comprehensive mapping database to date. The effort is designed to catalyze economic development through improved information flow to governments, businesses…
Kiss bassist Gene Simmons has offloaded his expansive Beverly Hills dwelling for $28 million, even with a long list of criteria buyers needed to follow. Source link
Labor unions are associations that aim to protect workers’ rights and advance their interests. They negotiate with employers through a process known as collective bargaining. The result is a union contract in which an employer specifies compensation, hours, benefits, job health, and safety policies. Workers achieved higher wages, reasonable hours, safer working conditions, health benefits, and aid when they retired or were injured because of labor unions. Unions were also instrumental in ending child labor in the United States. They’ve exerted a broad influence on American life, reshaping the political, economic, and cultural fabric of the country. A Gallup poll…
The permit is designed to protect the rights of both content creators and the public by introducing clear guidelines for digital advertising The post UAE launches Advertiser Permit: New rules every brand should know appeared first on Gulf Business. Source link
Luxury-goods giant Hermes International has been passing along tariff increases to its U.S. customers. Source link
Key Takeaways Maxing out my employer’s 401(k) matching contributions is the number one way I am saving for retirement in my 30s. Learn if your company offers a 401(k) or other retirement account match and start contributing as soon as you can. The money you contribute to your 401(k) comes out of your paycheck before taxes, so by contributing you save on income taxes, too. If you want to be even more prepared for retirement, consider opening a Roth IRA or a traditional IRA to supplement your retirement savings. Starting to save as early as you can will help you…