Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait - Findings for the region  Join our daily free Newsletter

MENAFN - Arab Times - 21/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) The GCC economies fall in the middle of the Index with respect to levels of e-friction, all the countries scoring higher than Turkey, Brazil, China, India and South Africa. In the MENA region, Qatar, the United Arab Emirates, Bahrain, KSA and Kuwait, respectively have the lowest levels of e-friction The digital economy accounts for a larger share of the overall economy in low-friction countries than it does in high-friction countries. The internet economy - as a percentage of GDP - in a country in the top quintile of the BCG e-Friction Index is more than twice as large, on average, as that of a country in the bottom quintile. Because the digital economy is growing quickly (often outpacing the offline economy), high e-friction countries are in danger of missing out on a high-impact propellant of growth and job creation

High- friction countries that address their sources of e-friction have the potential to add significant value to their economies The countries with the lowest e-friction tend to score well in all four components



Their infrastructures are strong, and their supportive businesses and regulatory environments have created vibrant internet economies. At the other end of the scale, problems related to basic access, price, and speed are widespread, as are shortcomings related to capital, labor, and consumers' ability to conduct business online. If e-friction is reduced, small and midsize enterprises (SMEs) will perform better in the digital economy. SMEs that are heavy Web users are almost 50 percent more likely to sell products and services outside of their immediate region and 63 percent more likely to source products and services from farther afield than are medium or light Web users. SMEs encounter friction from a range of sources that slow or prevent them from fully exploiting the internet's potential. The biggest single concern for SMEs is the protection of consumer data online - a prevalent issue for consumers as well



Good policy in a few key areas can have a significant impact on e-friction and can speed the development of internet use and individual countries' internet economies. Policies that promote investment, especially in infrastructure, are essential. Policy responses that fail to take into account how quickly technologies and the innovations they enable are evolving can be the source of more, rather than less, friction. A significant issue of trust with respect to the use of personal data inhibits online interaction in many markets. Since the internet is a global phenomenon, this is a global issue, and it cries out for a comprehensive, global solution. The continued growth of the digital economy depends on limiting internet friction and fragmentation. Most current sources of friction originate at the national or local level. Policymakers in some countries are debating the extent to which certain elements of digital infrastructure, commerce, discourse, and interaction should be brought under greater government control. Precisely because the internet is a global network of networks, the potential is significant for uncoordinated policy to add major new sources of friction




 


Arab Times




  MENA News Headlines
 Nov 27 2014 - Lebanon mourns 'songbird' SabahArab News
(MENAFN - Arab News) BEIRUT: Iconic Lebanese singer and actress Sabah died Wednesday at the age of 87 after a seven-decade career and a colorful love life that kept her in the headlines until the ...

 Nov 27 2014 - Egypt drops ban on 'adults only' filmArab News
(MENAFN - Arab News) CAIRO: An Egyptian court has revoked a government ban on a film by Lebanese star Haifa Wehbe that had been deemed sexually provocative judicial sources said on Wednesday.In April ...

 Nov 27 2014 - Saudi- Prince vanishes from social mediaArab News
(MENAFN - Arab News) NEW YORK: Prince whose distaste for the music industry's conventions is well known has abruptly disappeared from social media after tentative efforts to promote his two new ...

 Nov 27 2014 - Saudi- Cumberbatch quits smokingArab News
(MENAFN - Arab News) LONDON: 'Sherlock' star Benedict Cumberbatch has revealed he left smoking one month back.The 38-year-old actor said staying away from cigarette is helping him stay healthy ...

 Nov 27 2014 - Saudi- Dilip Kumar perfectly fine: Big BArab News
(MENAFN - Arab News) MUMBAI: Thespian Dilip Kumar is 'perfectly fine' says actor Amitabh Bachchan quashing rumors of the former's health scare.Social networking platforms were abuzz with rumors ...

 Nov 27 2014 - Saudi- Turki Khan: Changing society one step at a timeArab News
(MENAFN - Arab News) Dreams ambitions and determination have no limits dedication to those three traits can take that dreamer ambition-seeker and determined young man or woman to places he or she ...

 Nov 27 2014 - Saudi- Exploring fine art through pencilArab News
(MENAFN - Arab News) Eman Al-Qahtani is a successful talented and ambitious young Saudi artist. She combines thoughts and colors in her paintings. She has her own art method; a painting is to deliver ...

 Nov 27 2014 - Saudi- Qatar lifts 22nd Arabian Gulf CupArab News
(MENAFN - Arab News) Qatar rallied to get the better of Saudi Arabia 2-1 to win the 22nd Arabia Gulf Cup football tournament at the King Fahd International stadium in Riyadh Wednesday night.Playing ...

 Nov 27 2014 - Saudi- Al Kabeer climbs to No. 2 after honors sweep in Globe CupArab News
(MENAFN - Arab News) One mighty performance that saw Al Kabeer Frozen Foods sweep honors had the defending champion moving up the leaderboard after the eighth week in the Thursday League 12th ...

 Nov 27 2014 - Al-Taib wins Fastest Car Race 2014 in RiyadhArab News
(MENAFN - Arab News) Ahmed Al-Taib a Saudi topped the Fastest Car Race 2014 which was organized at Dirab Park racetrack in Riyadh. Al-Taib won the race in a Porsche 911 Turbo which is characterized ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help