sector

It’s been 21 years since the U.S., U.K., and a group of allied forces invaded Iraq and deposed its leader, Saddam Hussein. And it’s a little over two years since President Biden formally declared the end of the U.S. combat mission in the country.After decades of war, Iraq’s tech sector is coming into its own. But progress is slow going, says Asoz Rashid, CEO of iQ Group, a multi-sector tech company based in Iraq.  “Iraq’s tech sector mirrors Iraq in general, where the whole country has pretty much been neglected for 40…

There has been a notable surge in interest from global private equity (PE) firms and PE-backed entities in acquiring Indian information technology (IT) and software services companies.This is fuelled by a substantial increase in growth capital investments within the IT services sector by global PE funds, which was not prevalent earlier.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIIM…

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024.Brendan Mcdermid | ReutersThe forces that consumed three regional lenders in March 2023 have left hundreds of smaller banks wounded, as merger activity — a key potential lifeline — has slowed to a trickle.As the memory of last year's regional banking crisis begins to fade, it's easy to believe the industry is in the clear. But the high interest rates that caused the collapse of Silicon Valley Bank and its peers in 2023…

Credit: Pixabay/CC0 Public Domain Meeting Canada's ambitious net-zero emissions target by 2050 necessitates significant technological, behavioral and systemic changes in the transportation sector, a major contributor to global greenhouse gas (GHG) emissions. Indeed, the transportation sector alone is responsible for a quarter of all GHG emissions worldwide, with road transport accounting for about 80 percent of this figure.…

The House of Representatives has decried the recurring destruction of oil and gas pipelines in the country and persistent lack of transparency in the operations and regulatory activities in the sector. Alhassan Ado-Doguwa, chairperson, Special Committee on Oil Theft, condemned the act at a meeting with the Nigerian National Petroleum Corporation (NNPC) Ltd in Abuja. The engagement was to unravel the root cause of oil theft in the country and the possible solution to stop the menace. Mr Ado-Doguwa said it had…

A privately funded satellite is set to push methane tracking into a new era, once it launches into space on Monday.A collaborative mission between Environmental Defense Fund, Google, the Government of New Zealand and several other partners, MethaneSAT will track methane emissions around the globe in attempts to identify and quantify sources spewing the climate-heating greenhouse gas. For 20 years after its release into the atmosphere, methane gas is 80 times more harmful than carbon dioxide in its ability to increase…

To revitalise Nigeria’s oil and gas sector, President Bola Tinubu on Wednesday signed executive orders aimed at attracting investments, optimising resources, and diversifying the nation’s economy. Nigeria, as Africa’s largest oil producer, has long sought to leverage its vast oil and gas resources for economic development. However, challenges such as bureaucratic bottlenecks, contracting delays, and low local participation have hindered the sector’s full potential. According to a statement by Special Adviser on…

Vice President Kashim Shettima on Wednesday mourned the former Group Chief Executive Officer of Access Holdings Plc, Herbert Wigwe, and his family, who tragically died in a helicopter crash in the United States of America. Mr Shettima, in a lyrical eulogy, described the late Mr Wigwe as an early bloomer who transformed the Nigerian banking industry, recalling his visionary leadership and unwavering dedication to his community. Addressing a crowd of mourners in Lagos during the funeral service of the late banker,…

A former British security chief has reignited the perennial ransomware question: to pay or not to pay? Ciaran Martin, who was the first-ever CEO of the UK’s National Cyber Security Centre (NCSC), answered emphatically in the negative. Yet Martin doesn’t only advise victims to hold onto their cash. He also wants to ban them from handing over the ransom. Writing in today’s London Times, Martin called the intervention an “urgent task.” “Ransomware is by far the most damaging cyber threat to most…

Image Source : FILE AI sector witnessed a 20% rise in hiring during February Hiring for roles in artificial intelligence (AI) has witnessed a growth of more than 20 per cent in February 2024. Along with AI, and Oil & Gas sectors also witnessed the hike, a new report stated. As per the Naukri JobSpeak Index, the artificial intelligence-related roles like…