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7661 - 7670 from 16522 . In "BUSINESS"
Saudi PMI logs strongest quarterly expansion in Q1 2019 since Q4 2017: Survey
RIYADH — Saudi Arabia’s Purchasing Managers’ Index (PMI) registered strongest quarterly expansion in the first quarter of 2019 since Q4 2017, Emirates NBD said in its latest Saudi Arabia PMI report on Sunday.The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the Saudi Arabian private sector.Commenting on the Saudi Arabia PMI survey, Khatija Haque, Head of MENA Research at Emirates NBD, said: “The average PMI reading for Q1 2019 was 56.5, indicating the strongest quarterly expansion in the non-oil private sector since Q4 2017. However, the rebound in new orders and business output in recent months has not fed through to job growth, with private sector employment declining for only the...
April 07, 2019

Saudi PMI logs strongest quarterly expansion in Q1 2019 since Q4 2017: Survey

Media role in fostering corporate governance
SHARJAH – Pearl Initiative, a non-profit business-led organization promoting corporate governance in the Gulf Region, and NNC, one of the UAE’s leading public relations companies, have partnered together to affirm the imperative role of the media industry in fostering transparency and good corporate governance practices in the region. This collaboration highlights the value Media houses in the Gulf Region have in reflecting the positive impact of corporate governance, and the ways its implementation promotes the success, security and sustainability of Gulf-based corporations.Joining the Pearl Initiative’s diverse portfolio of partners, NNC, a Sharjah-based agency, will play a key role in developing a framework to involve and engage multiple media houses across the Gulf Region in...
April 07, 2019

Media role in fostering corporate governance

Sanjay Duggal
Domestic franchising comes into its own in UAE
By Sanjay Duggal*IT wasn’t too long ago that starry-eyed investors from the UAE were singularly obsessed with franchised brands from abroad. Quality domestic franchises were few and far between, and were largely seen as inferior to their predominantly western counterparts. The resulting seller’s market was deftly leveraged by reputable international brands, and gleefully exploited by the not so reputable.The tables have turned significantly in recent years however, and the heyday of the overseas franchisor lies decidedly in the past. Today Emirati and expatriate entrepreneurs are cranking out food, retail and service concepts that are audaciously original, regionally relevant and enticingly profitable. Many are on a roll and have sold multiple franchises within the UAE, GCC and even...
April 07, 2019

Domestic franchising comes into its own in UAE

GCC equity markets likely to be positive
JEDDAH/DUBAI — Global equity markets closed the week on a positive note on the back optimism over the progress in trade talks between the US and China. Additionally, the better than expected hiring in the US during the month of March has also reassured the growth after a disappointing jobs report in the previous month. Brent crude oil prices rose by 2.85% during the week on the back of tightening supplies, extending the YTD gains to 30.74%.For the regional markets, the first week of April was positive with 6 out of the 8 indexes closing in green, while the remaining 2 closing in red. Dubai was the best performing index regionally with gains of 5.51%, followed by gains of 3.97% in Egypt and 3.13% in Saudi Arabia, while Oman and Abu Dhabi closed lower by 1.65% and 1.35% respectively.Going...
April 07, 2019

GCC equity markets likely to be positive

Mobile apps seen to have most impact on business success
DUBAI — As user application touchpoints increase in frequency, change in modalities and expand in device type, the future of app development is multiexperience, according to a recent survey* by Gartner, Inc.“Development platform vendors are expanding their value proposition beyond mobile apps and web development to meet user and industry demands,” said Jason Wong , research vice president at Gartner. “The result is the emergence of multiexperience development platforms, which are used in developing chat, voice, augmented reality (AR) and wearable experiences in support of the digital business.”Despite the web browser continuing to serve as the most popular application touchpoint, mobile apps are on the rise. As immersive devices such as smartwatches, smartphones and voice-driven...
April 07, 2019

Mobile apps seen to have most impact on business success

GCC online travel market to reach $15 billion by 2023
ABU DHABI/DUBAI — The online travel market in the Gulf Cooperation Council (GCC) countries is expected to reach $15 billion by 2023, according to MENA Research Partners, a leading research company in the Middle East. The growth marks an increase of 140% from its current levels.Annually, the GCC e-travel market is projected to grow by 20% during the period 2019-23. The online travel market growth rate is well above the conventional travel market which is progressing at 4% per year.Compared to global figures, the online travel market in the region remains untapped. Presently, the online travel sector only accounts for 5% of the total GCC travel market compared to the global average of 12%. Potentially, this could mean a boom in the e-travel industry which may log in 2.5 times...
April 07, 2019

GCC online travel market to reach $15 billion by 2023

OPPO to launch first 10x Hybrid Zoom tech on smartphone camera
OPPO has confirmed that the world’s first 10x Hybrid Zoom technology on a smartphone camera will be making its way to consumers in the Middle East very soon. Originally previewed in February 2019 at the Mobile World Congress, OPPO is the original inventor of 10x Hybrid Zoom technology, created as a means to provide everyone the opportunity to take professional style photographs, without fearing any loss of quality.OPPO’s 10x Hybrid Zoom is a new technology created by OPPO with a triple-lens camera structure consisting of a telephoto lens, a 120-degree ultra-wide-angle lens, and a 48MP main camera. To provide further value to users, OPPO will also introduce Optical Image Stabilization (OIS) on both the main camera and the telephoto lens to achieve higher, anti-shake accuracy that brings...
April 07, 2019

OPPO to launch first 10x Hybrid Zoom tech on smartphone camera

STC in deal with NETSCOUT to strengthen cyber defense
STC (Saudi Telecom Company) has partnered with NETSCOUT to strengthen cyber defense capabilities to protect the infrastructure against service disrupting Distributed Denial of Service (DDoS).This prompted STC to take proactive measures to enhance the detection and mitigation capabilities to ensure the availability of the network resources. STC can provide the highest level of DDoS protection to its clients and partners in the Middle East & North Africa.“Cyber resilience is critical in the age of IoT, Cloud, Digital Economies and increasing Digital Transformation,” said Yasser Alswailem, General Manager Cyber Security for STC. “DDoS’ frequency, scale, and accuracy are reason why many hackers choose it for their attacks against a target. As a result of our expanded NETSCOUT...
April 07, 2019

STC in deal with NETSCOUT to strengthen cyber defense

Elie Saab at Emaar Beachfront
Elie Saab at Emaar Beachfront a new luxury destination
LUXURY has a new destination: Elie Saab at Emaar Beachfront, a gated island destination in Dubai, was unveiled on Sunday at Dubai Opera by Mohamed Alabbar, Chairman of Emaar, and Elie Saab, founder and Chairman of Elie Saab Group.Emaar, the global developer, is partnering for the first time with the renowned fashion designer for the new residential development. Reflecting the innate elegance and exceptional detailing that sets Elie Saab apart in the global fashion world, the sumptuous residences will reflect the luxurious heritage of Elie Saab’s style and signature.Announcing the partnership, Mohamed Alabbar said: “Elie Saab is the pride of the Arab world, and a fascinating international success story. Through our first association with Elie Saab, admired by the world’s leading...
April 07, 2019

Elie Saab at Emaar Beachfront a new luxury destination

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Team 1 of Al Yamamah University bags first place in Bloomberg Trading Challenge
THE Bloomberg Trading Challenge - Saudi Arabia, organized in cooperation with Misk Academy, concluded with Team 1 of Al Yamamah University awarded first place. This is the first university investment competition to take place entirely using the Bloomberg Terminal in the Kingdom.A total of 52 teams, comprised of 250 students from 12 universities across Saudi Arabia, competed over eight weeks to generate the strongest investment strategy and most valuable portfolio using a SR3 million notional amount. The top five teams - from Al Yamamah University, which had two teams taking part, Princess Norah Bint Abdul Rahman University, King Faisal University and Prince Sultan University - were invited to present their strategy to senior investment professionals from HSBC Asset Management - Saudi...
April 07, 2019

Team 1 of Al Yamamah University bags first place in Bloomberg Trading Challenge

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