Latest news with #knowledgebasedeconomy
Zawya
20-07-2025
- Business
- Zawya
KPMG in Qatar welcomes class of 2025: Building the next generation of business leaders
Doha, Qatar – KPMG in Qatar proudly welcomed a new cohort of talented young professionals this week as part of its Annual Graduate Program, reaffirming the firm's long-standing commitment to talent development. This program is designed to empower recent graduates and young professionals with practical experience, mentorship, and structured learning, serving as a key initiative in supporting Qatar's vision of a knowledge-based, diversified economy and reinforces KPMG's role in empowering the country's next generation of leaders, innovators, and change-makers. Spanning across multiple service lines including Audit and Advisory, the program offers new joiners the opportunity to develop real-world skills, gain exposure to complex business challenges, and contribute to projects that make a meaningful impact across sectors. 'The Graduate Program is all about shaping futures,' said Ahmed Abu Sharkh, Country Senior Partner at KPMG in Qatar. 'We see this as a responsibility to our community and a long-term investment in the leadership that will guide both our firm and the nation forward. This year's cohort brings incredible potential, and we are proud to support their growth.' The Class of 2025 represents a diverse and ambitious group of young professionals who bring new perspectives and a shared eagerness to grow. Their induction included a series of sessions introducing KPMG's values, culture, and commitment to professional excellence. 'This initiative reflects our commitment to building a diverse, future-ready workforce,' said Iryna Basenko, Director and Head of HR at KPMG in Qatar. 'Our new joiners benefit from structured learning, real client exposure, and a strong sense of belonging from day one. We're not just preparing them for jobs, we're preparing them for meaningful, purpose-driven careers.' Bontle Seele, Recruitment and Onboarding Leader at KPMG in Qatar, further highlighted the importance of fresh talent: 'Our fresh graduates are bright, passionate, and driven by a genuine hunger for learning and personal development. They bring fresh perspectives, innovative thinking, and a dynamic energy that enriches our workplace culture.' KPMG's Annual Graduate Program continues to play a vital role in building a skilled, future-ready workforce that will support both private sector innovation and public sector transformation.
Entrepreneur
11-07-2025
- Business
- Entrepreneur
India Outpaces Global Peers in Intangible Asset Investment Amid AI-Driven Growth
The country's intangible investment intensity, now close to 10 per cent of its GDP, places it ahead of many European Union nations as well as Japan You're reading Entrepreneur India, an international franchise of Entrepreneur Media. As the world accelerates towards a knowledge-based economy, India has emerged as one of the fastest-growing investors in intangible assets, according to the latest World Intangible Investment Highlights report released by the World Intellectual Property Organization (WIPO) and Italy's Luiss Business School. In 2024, intangible investments—spanning software, databases, intellectual property, branding, and organisational know-how—grew three times faster globally than tangible investments in physical infrastructure such as machinery and buildings. This shift underscores how digital and intellectual capital is becoming the foundation of economic competitiveness, especially in the wake of the artificial intelligence (AI) boom. India, in particular, stands out for recording the fastest annual growth rate in intangible investment between 2011 and 2022, at an impressive 6.6 per cent. The country's intangible investment intensity, now close to 10 per cent of its GDP, places it ahead of many European Union nations as well as Japan. This highlights India's transformation into a digitally-driven, innovation-focused economy. "While businesses around the world are pulling back on physical infrastructure during uncertain times, they are doubling down on software, data, and AI capabilities. India's investment trajectory reflects a strong national focus on future-ready economic drivers," the report notes. Globally, intangible investment reached USD 7.6 trillion in 2024, with India playing a key role in the surge. The report reveals that software and databases are the fastest-growing category of intangible assets expanding at over 7 per cent annually between 2013 and 2022, driven largely by the AI revolution. The AI boom has ushered in a two-phase investment pattern: first, capacity installation involving AI hardware and cloud infrastructure; followed by structural transformation, where firms embed AI into core operations and retrain their workforces. While countries like the United States are already seeing a macroeconomic impact of AI-related tangible investments, India's contributions are currently more prominent on the intangible front especially in software development and data infrastructure. Notably, intangible assets now make up a growing share of GDP worldwide, accounting for 14 per cent in 2024 compared to 11 per cent from tangible assets. In India, this mirrors a strategic pivot towards innovation, organisational capital, and knowledge-based growth. Cecilia Jona-Lasinio, co-author of the report and Professor at Luiss Business School, emphasised the policy implications, "Countries that understand and nurture intangible investment will be better positioned to grow and thrive in a global economy increasingly driven by technological, digital, and cultural innovation." The report also cautions that while intangible assets are central to economic value creation, they remain poorly understood and under-measured, especially in emerging economies. Accurate valuation and data are essential to ensure informed policymaking and efficient capital allocation.
