Organisations in the Middle East are the most confident when it comes to tackling major cyber incidents, according to a new World Economic Forum report.
Nearly 72 per cent of organisations in the region are confident of their ability to thwart significant cyber attacks – ahead of North America (65 per cent), Oceania (50 per cent), Europe (50 per cent), Asia (40 per cent), Africa (36 per cent) and Latin America (18 per cent).
The findings come as the forum highlights growing challenges in cyberspace, driven by escalating complexities.
In its Global Cybersecurity Outlook 2025 report, the WEF emphasised that these complexities are widening the gap between large and small organisations, as well as between developed and emerging economies.
While 54 per cent of large organisations cite supply chain interdependencies as their top cyber resilience barrier, 35 per cent of small organisations believe their defences are inadequate – a seven-fold increase since 2022.
Disparities across regions are also stark. Only 15 per cent of respondents surveyed in Europe and North America lack confidence in their countries’ abilities to counter major cyber incidents, compared to 36 per cent in Africa and 42 per cent in Latin America.
The public sector is disproportionately affected, with 38 per cent of respondents reporting insufficient resilience, compared to just 10 per cent of medium-to-large private sector firms.
The report is based on a survey conducted between September 2 and October 11, collecting responses from 321 participants across 57 countries. To supplement quantitative findings, 43 one-on-one interviews with C-suite executives, industry leaders, and academics were also conducted.
Growing complexity
The cyberspace complexity arises from the rapid growth of emerging technologies, prevailing geopolitical uncertainty, the evolution of threats, regulatory challenges, vulnerabilities in supply chain interdependencies and the growing cyber skills gap, WEF found.
Geopolitical tensions have significantly influenced cybersecurity strategies, with nearly 60 per cent of organisations adjusting their plans to account for threats such as cyber espionage and intellectual property theft. One in three chief executives now considers these risks to be top concerns, while 45 per cent of cyber leaders are concerned about the disruption of operations and business processes.
“Cyberspace is more complex and challenging than ever due to rapid technological advancements, growing cyber criminal sophistication, and deeply interconnected supply chains,” said Jeremy Jurgens, managing director at WEF.
He emphasised the need for public and private sector collaboration to enhance resilience.
Supply chain complexities have emerged as one of the top risks, intensified by a lack of transparency into suppliers’ security protocols. The report showed how interconnectedness – while critical for global business operations – introduces vulnerabilities that can develop across networks.
Major concerns include software weaknesses introduced by third parties, and the ripple effects of cyber attacks. The increasing opaqueness of supply chains creates a risk landscape that is unpredictable and difficult to manage, the report said.
These challenges highlight the urgent need for businesses to adopt robust security measures and continuously monitor their supply chain ecosystems, it added.
Paradox of AI adoption
Artificial intelligence is a double-edged sword for cybersecurity. While 66 per cent of organisations expect AI to play a pivotal role in enhancing security measures, only 37 per cent have established processes to evaluate AI tools before deployment. This disconnect poses risks as AI-driven technologies are rapidly integrated into systems without sufficient safeguards.
The report also warned of AI’s role in augmenting cyber criminal activities, enabling faster and more targeted attacks. Ransomware attacks and phishing scams have surged, with 42 per cent of organisations reporting incidents in the past year.
The evolving threat landscape also reflects an alarming surge in the capabilities of criminals. The growing use of generative AI has made incidents involving ransomware, phishing and social engineering attacks more scalable and sophisticated. Nearly 47 per cent of organisations cited generative AI-powered adversarial advancements as a primary concern, with 72 per cent reporting an overall rise in cyber risks.
Fragmented regulations and workforce gaps
Although regulatory frameworks are seen as essential for bolstering cybersecurity, their fragmentation across jurisdictions creates compliance challenges.
More than 76 per cent of chief information security officers surveyed at WEF’s 2024 annual meeting on cybersecurity reported that the fragmentation of regulations introduces significant compliance challenges. Almost 71 per cent of cyber leaders at the meeting believe that small organisations have reached a critical tipping point where they can no longer adequately secure themselves against cyber risks.
Adding to the burden is a widening cyber skills gap. Since 2024, the gap has grown by 8 per cent, with two-thirds of organisations struggling to find the talent needed to meet their security demands. Only 14 per cent of organisations are confident they have the people and skills they need.
Public sector organisations are particularly affected, with nearly half reporting insufficient staff to meet their cybersecurity objectives. However, medium-to-large private organisations face fewer workforce shortages, highlighting inequities in cyber resilience.
Calls for action
WEF is calling for a shift from traditional cybersecurity approaches to comprehensive cyber resilience strategies that focus on mitigating the impact of incidents rather than solely preventing them.
The forum emphasises the importance of assessing risks through a socioeconomic lens, ensuring resources are allocated effectively to address inequities.
The need for cross-border collaboration also emerged as a critical theme. Citing the 2022 cyber attacks on Costa Rica, Paula Bogantes Zamora, the country’s Minister of Science, Innovation, Technology and Telecommunications, emphasised the importance of regional partnerships.
These attacks “underscored the need for a fundamental shift in recognising cybersecurity as a critical investment for the future”, she said in the report, and called for collective efforts to build resilient systems.
WEF’s report emphasises the need for a comprehensive re-evaluation of cyber strategies, with a focus on bridging gaps between regions, sectors and organisations of different sizes.
Cricket World Cup League 2
UAE results
Lost to Oman by eight runs
Beat Namibia by three wickets
Lost to Oman by 12 runs
Beat Namibia by 43 runs
UAE fixtures
Free admission. All fixtures broadcast live on icc.tv
Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium
Difference between fractional ownership and timeshare
Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.
South Africa World Cup squad
South Africa: Faf du Plessis (c), Hashim Amla, Quinton de Kock (w), JP Duminy, Imran Tahir, Aiden Markram, David Miller, Lungi Ngidi, Anrich Nortje, Andile Phehlukwayo, Dwaine Pretorius, Kagiso Rabada, Tabraiz Shamsi, Dale Steyn, Rassie van der Dussen.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Explainer: Tanween Design Programme
Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.
The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”
Who is Allegra Stratton?
- Previously worked at The Guardian, BBC’s Newsnight programme and ITV News
- Took up a public relations role for Chancellor Rishi Sunak in April 2020
- In October 2020 she was hired to lead No 10’s planned daily televised press briefings
- The idea was later scrapped and she was appointed spokeswoman for Cop26
- Ms Stratton, 41, is married to James Forsyth, the political editor of The Spectator
- She has strong connections to the Conservative establishment
- Mr Sunak served as best man at her 2011 wedding to Mr Forsyth
OIL PLEDGE
At the start of Russia's invasion, IEA member countries held 1.5 billion barrels in public reserves and about 575 million barrels under obligations with industry, according to the agency's website. The two collective actions of the IEA this year of 62.7 million barrels, which was agreed on March 1, and this week's 120 million barrels amount to 9 per cent of total emergency reserves, it added.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
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The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
UAE%20PREMIERSHIP
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UAE's role in anti-extremism recognised
General John Allen, President of the Brookings Institution research group, commended the role the UAE has played in the fight against terrorism and violent extremism.
He told a Globsec debate of the UAE’s "hugely outsized" role in the fight against Isis.
"It’s trite these days to say that any country punches above its weight, but in every possible way the Emirates did, both militarily, and very importantly, the UAE was extraordinarily helpful on getting to the issue of violent extremism," he said.
He also noted the impact that Hedayah, among others in the UAE, has played in addressing violent extremism.
HAJJAN
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Top Hundred overseas picks
London Spirit: Kieron Pollard, Riley Meredith
Welsh Fire: Adam Zampa, David Miller, Naseem Shah
Manchester Originals: Andre Russell, Wanindu Hasaranga, Sean Abbott
Northern Superchargers: Dwayne Bravo, Wahab Riaz
Oval Invincibles: Sunil Narine, Rilee Rossouw
Trent Rockets: Colin Munro
Birmingham Phoenix: Matthew Wade, Kane Richardson
Southern Brave: Quinton de Kock
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
Famous left-handers
- Marie Curie
- Jimi Hendrix
- Leonardo Di Vinci
- David Bowie
- Paul McCartney
- Albert Einstein
- Jack the Ripper
- Barack Obama
- Helen Keller
- Joan of Arc