By some metrics, we are drowning in data. A 2019 World Economic Forum report estimated that by next year 463 exabytes of data – a single exabyte is equivalent to 1 billion gigabytes – will be created every day.
To put that figure into context, the entirety of global mobile data traffic was expected to reach 130 exabytes every month by the end of last year.
These are big and baffling numbers by any measure – and if we are creating vast volumes of data every day, why is it that digital record keeping might be at risk or at least on the edge?
A 2024 academic study of more than 7 million works published in digital scholarly journals found that more than a quarter of that large sample size were “seemingly unpreserved” or lost.
The report’s author, Martin Paul Eve, concluded that digital preservation was fragile and that warnings issued nearly 20 years ago calling for urgent action to preserve archival material had been relatively unheeded.
The great irony of the information age: the more data we produce, the less we properly preserve
This is what has been described by some as the great irony of the information age: more data is being produced than ever before, but those records may well be less accessible than ever before. The more we produce, the less we properly preserve.
The issue is compounded by the fractured nature of our digital world.
Post-pandemic hybrid working takes place on an expanding array of platforms. A 2023 Forbes study found that the average office worker spent half their working week communicating on digital platforms. An average hour of an office worker’s life might be spent hopping between a Zoom or Teams call, answering queries on Slack or email, and checking other platforms on their smartphone, such as WhatsApp.
A working life essentially exists in a series of digital silos, and every day a segment of that data is lost, damaged or becomes hard to retrieve. Our lives outside work could easily be characterised in a similar manner, albeit with a single silo (smartphone) housing a constellation of smaller repositories of digital information (apps). They have exposure to similar risks.
It is for others to make a judgment on what effect that may be having on people and society, although you don’t have to search with any intensity at all to find multiple takes online on how smartphones have ruined this or that part of contemporary living or experience. It could be countered that it’s not ruination but change or progress that has taken place – and that’s where we go back to data production and preservation.
In many households, spring marks the regular ritual of decluttering. Traditionally, that process involves sifting through piles of paper and belongings and working out what has outlived its purpose or usefulness.
It is often a reminder that we acquire objects and paperwork easily, but we find it hard to dispose of them. The process of restructuring and ordering provides a form of catharsis to some in spring cleaning. So, too, the discovery of long-forgotten objects and the decisions over whether to archive or dispose of them.
In years gone by, that process might have involved reviewing handwritten letters kept for reasons of sentiment or significance. Now, much of that correspondence may be on WhatsApp – and maybe set to disappear, be deleted or be rendered “seemingly unpreserved” – or any of those other digital tools we use to navigate life.
The same WEF data that produced the daily exabytes insight also estimated that about 300 billion emails are sent every day – often instantly deleted by the stressed, information-overwhelmed recipient. Just as we produce more data every day, so we live under near constant threat of information loss.
One answer that’s been offered to mitigate that risk is to take data offline. The National previously reported on a James Bond-style solution to this problem that offered people the chance to cold-store their data in a secure remote location that billed itself as a global memory vault.
The site for their repository was a decommissioned coal mine within the Arctic Circle – close to polar bears, but far from prying eyes. One of the company’s executives told me at the time of a large data drop into the mine in 2020 that the archive sparked complex discussions among its customers about what to preserve in the heap of information that accumulates each day.
And so it should – preservation is one side of the coin, curation is the other.
Where once we may have kept family photographs in a drawer or family albums, now we have ceded some of our ownership rights over to the platforms where we posted them. The photo albums on our phones and in digital storage are, in all likelihood, an eclectic mix of pictures to be proud of, screenshots that should have been discarded but are stored and images that have a currency in the moment they were taken but have no long-term value.
That, perhaps, is the other irony of the data-soaked world of today. So much of it is available, but not necessarily in a form that is easily curated. We may have lost what we should be preserving, we may have saved what we should have lost.
Spring cleaning may become a perma-task for all the seasons of the digital world.
Ad Astra
Director: James Gray
Stars: Brad Pitt, Tommy Lee Jones
Five out of five stars
RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
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.”
match info
Athletic Bilbao 1 (Muniain 37')
Atletico Madrid 1 (Costa 39')
Man of the match Iker Muniain (Athletic Bilbao)
So what is Spicy Chickenjoy?
Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
POWERWASH%20SIMULATOR
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20FuturLab%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3ESquare%20Enix%20Collective%3Cbr%3E%3Cstrong%3EConsole%3A%20%3C%2Fstrong%3ENintendo%20Switch%2C%3Cstrong%3E%20%3C%2Fstrong%3EPlayStation%204%20%26amp%3B%205%2C%20Xbox%20Series%20X%2FS%20and%20PC%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Mohammed bin Zayed Majlis
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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THE%20HOLDOVERS
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What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Company%20profile
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Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
COMPANY%20PROFILE
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From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
The%20Letter%20Writer
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SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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WORLD RECORD FEES FOR GOALKEEPERS
1) Kepa Arrizabalaga, Athletic Bilbao to Chelsea (£72m)
2) Alisson, Roma to Liverpool (£67m)
3) Ederson, Benfica to Manchester City (£35m)
4) Gianluigi Buffon, Parma to Juventus (£33m)
5) Angelo Peruzzi, Inter Milan to Lazio (£15.7m
COMPANY%20PROFILE
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French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.