cyber breach Archives
"We are experiencing a new era of AI that enhances emotional connection in addition to operational efficiency".
For further insights from @HP's Peter Oganesean, read the exclusive op-ed below.
https://www.tahawultech.com/home-slide/we-believe-that-technology-should-not-only-drive-performance-but-also-empower-people-peter-oganesean-hp/
#HP #tahawultech
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
27 minutes ago
- Khaleej Times
UAE approves robo-advisory services for licensed portfolio management firms
The UAE's Securities and Commodities Authority (SCA) on Tuesday allowed licensed portfolio management firms to offer robo-advisory services, marking a strategic step toward establishing a secure digital investment environment in the country. The regulator said it approved the regulation of the robo-advisor service, allowing firms to provide services through digital platforms that utilise artificial intelligence (AI) technologies and advanced algorithms to deliver automated investment recommendations. To ensure investor protection, the SCA's regulatory framework sets mandatory independent IT audits, rigorous cybersecurity standards, regular reviews of algorithms and systems, and full disclosure of the service's costs and risks. Portfolio management services are typically provided by large banks and financial firms to their high-net-worth clients and private companies, enabling them to grow their wealth and achieve their financial goals. These firms provide tailored investment strategies, asset allocation and ongoing management of investment portfolios. According to Boston Consulting Group's Global Wealth Report 2024, the UAE's net wealth reached $2.9 trillion in 2023 as financial wealth grew by 10 per cent from 2022 to 2023. These services uphold high standards of governance, transparency, and investor protection within the approved portfolio management frameworks, whether discretionary or non-discretionary and in accordance with client agreements. Waleed Saeed Al Awadhi, CEO of the SCA, said this project reinforces the UAE's position as a world-class financial centre by advancing continuous innovation and implementing dynamic regulatory frameworks designed to address future market challenges. 'The integration of artificial intelligence into investment decision-making is not merely a technological development, it is a transformative turning point that enhances portfolio management efficiency and unlocks unprecedented opportunities to empower investors with smart, sustainable, and secure financial solutions,' said Al Awadhi. The robo-advisor services will advance the competitiveness of the UAE's financial markets, accelerate digital adoption, and contribute to the UAE's 'We the UAE 2031' vision of building a knowledge-based, competitive, and sustainable economy. The Securities and Commodities Authority said robo-advisory services are part of its initiative to advance financial inclusion by broadening access to intelligent and secure investment solutions.
The National
43 minutes ago
- The National
How to gain an edge in investing by defying conventional wisdom
High price-to-earnings ratios. Seasonal return adages. Tax rises. A weak (or strong) dollar. What do they have in common? Conventional wisdom claims all are bad for stocks. Most investors accept that unquestioned. Don't. Things 'everyone knows' are very often provably wrong. Getting that right gives you an edge. It isn't hard to do. Never presume common wisdom about what is good or bad for capital markets is correct. See it as a theory to test like a scientist should. Here is your 'laboratory' for doing just that. Little we see is truly unprecedented. So, you can easily test most basic claims against historical data. Many prove false. Example? An ancient market myth argues January's returns predict the full year's. Good January, good year. Bad January, bad year. This is simple to test with historical stock returns. Consider America's S&P 500 index in USD for its long and accurate history. Monthly data begins in 1926. Since then, January and the year were positive 52 times – 53 per cent of all years. Does this 'prove' January's predictive power? No. It simply shows you stocks are positive more often than not historically. The least common occurrence is a positive January preceding a down year – nine times. But a negative January preceded a down year seven times – slightly less often than it preceded an up year, 21 times. Not predictive or far off from a coin flip. Any 'strategy' reliant on cherry-picked data, like this so-called 'January effect', isn't viable. Or consider the widespread belief that high price-to-earnings (P/E) ratios hurt stocks and low P/Es are good. We can disprove this in our market laboratory also. Since 1926, US stocks' average 12-month trailing P/E (price divided by the last 12 months' earnings) is 17.7. Monthly P/Es topped this 476 times through May last year. Over the next 12 months, the S&P 500 fell 139 times and rose 337 times – a 70.8 per cent frequency of gains. The opposite of conventional wisdom. And for the 705 months with below-average P/Es, the next 12 months rose 78.4 per cent of the time. Together, this just shows you, again, that stocks rise much more often than not. Regardless of P/E. That's it. History shows many 'common sense' popular beliefs are false. Tax rises? Not reliably, repeatedly bad for the US, global or any major stock market. Britain lives this now, with stocks up nicely despite an April tax rise. Same with fears around high government budget deficits. Natural disasters. Trade deficits. Endless misperceptions hold for currency swings, too – up or down. Many fear the US dollar's recent 'weakness', claiming it portends the currency's global reserve status ending or that global confidence in America is gone – supposedly boding ill for US stocks. In the US and globally, weak currencies also fan fears of higher import costs fanning domestic inflation. Meanwhile, strong currencies spur endless fretting, too. European nations now fret importing deflation and slow growth as their currencies strengthen. But history shows stocks rarely react – regardless of the dollar or other currency's strength or weakness. Since 1973, when the index measuring the US dollar against a trade-weighted currency basket begins, the greenback weakened in 18 years. Stocks fell with it just two times … and rose 16 times. Now, that doesn't mean a weak currency is automatically bullish. But it certainly isn't bearish – and undercuts common 'wisdom'. Conversely, the dollar strengthened during 33 years since 1973. US stocks rose with it 25 times and fell eight times. All of this simply aligns with stocks' average frequency of returns throughout history. There is no investing strategy to glean here. No, history doesn't repeat perfectly. But investing isn't about certainty, ever. It is about probabilities. And history frames probabilities. If people say Thing X is bad for stocks, but X preceded good returns 70 per cent of the time, you absolutely know there is a high probability X isn't bad. You can't dismiss it, but you can study what else happened during the 30 per cent of history when X seemed bad. Maybe it was coincidence. Maybe you find Thing Z was also afoot, so you look at whenever Thing Z happened to see if it is reliably bad. If it is, and you can find a good, economically sound reason for why it would be bad, then you have precious information few others do. Another powerful edge to do better than others will. Even simply proving popular claims aren't true gets you well ahead. Markets pre-price widely known information, including popular beliefs and myths. When you can invest knowing common wisdom is wrong, opportunities abound to ride stocks' positive surprise.
Zawya
an hour ago
- Zawya
Gold rises on weaker dollar, tariff uncertainty before deadline
Gold rose on Tuesday, supported by a weaker dollar and heightened uncertainty over U.S. President Donald Trump's tariff policies ahead of the July 9 deadline, driving investors toward safe-haven assets. Spot gold was up 0.4% at $3,315.26 per ounce, as of 0229 GMT, while U.S. gold futures rose 0.6% to $3,326.50. "Weaker dollar and concerns about the impact if Trump's tariff deadline is not extended are supporting gold at the moment," said Nicholas Frappell, global head of institutional markets at ABC Refinery. The U.S. dollar index fell 0.1% to a more than three-year low, making bullion more affordable for holders of other currencies. Trump expressed frustration with U.S.-Japan trade negotiations on Monday as U.S. Treasury Secretary Scott Bessent warned that countries could be notified of sharply higher tariffs, as a July 9 deadline approaches despite good-faith negotiations. Meanwhile, Trump continued to press the Federal Reserve on Monday to ease monetary policy, sending Fed Chair Jerome Powell a list of global central bank interest rates, annotated with handwritten comments saying U.S. rates should be between Japan's 0.5% and Denmark's 1.75%. "I think (Trump's call to lower interest rates) is also having an impact on the market although I am a bit surprised that the market is that optimistic about rate cuts," Frappell said. Bessent said the administration is considering using the next expected Fed Board of Governors vacancy in early 2026 to appoint a successor to Powell. Investors are closely monitoring a series of U.S. labour market reports in this holiday-shortened trading week, culminating in Thursday's government payrolls data, for insights into the Fed's monetary policy direction. The market is currently anticipating a 67-basis-point rate cut beginning in September. Spot silver fell 0.8% to $35.80 per ounce, platinum was down 0.7% to $1,343.61, while palladium gained 0.9% to $1,107.25. (Reporting by Anmol Choubey in Bengaluru; Editing by Harikrishnan Nair and Rashmi Aich)
