Ezra announces Andrew Goodrich as their Chief Risk Officer

Ezra, the microlending fintech which provides ‘easy and rapid’ credit solutions across Africa and emerging markets, has announced the appointment of Andrew Goodrich as its Chief Risk Officer. This appointment is a key milestone in Ezra’s ambitious expansion strategy to support the financially underserved in emerging economies.Bringing with him more than 30 years’ experience to the role, Andrew will oversee the data engineering, predictive analytics, and credit risk/fraud functions at Ezra, progressing, ensuring business optimisation is achieved through enhanced standardisation and credit risk management governance. In addition, he will be tasked with streamlining efficiencies within these functions across the many markets that Ezra operates.Andrew, who has spent much of his life in South Africa, will be based out of Ezra’s Dubai office. Prior to joining Ezra, Andrew held the position of BankTech Executive at MTN Group, Africa’s largest mobile network operator. During his tenure, Andrew was accountable for defining, establishing and driving the BankTech strategy, a new credit product unicorn vertical within MTN Group. Andrew has also worked as Credit Risk Director with JUMO, where he established the credit risk, prediction and fraud analytics structure, focused on standardisation, and drove enhanced prediction and credit risk value to the internal and external stakeholders.Some of Andrew’s other career highlights involve working for a number of start-ups. These include a niche credit risk solutions consultancy, which was successful in assisting several start-ups in South Africa, as well as an e-commerce / digital credit provider, and numerous fintech and finserv businesses throughout Africa and Asia.In his new role, Andrew will report directly to CEO, Erwan Gelebart, and will be part of the company’s leadership team.Commenting on his appointment, Andrew Goodrich said: “I’m excited to help drive a financial inclusion agenda with a forward-thinking company like Ezra. My mandate will cover the full spectrum of credit risk by serving financial credit in a responsible manner, especially in emerging markets, where we have an opportunity to help our customers to get their foot onto the financial services ladder. I relish driving a sustainable approach so that we can build long-term relationships with customers, supporting and providing them with relevant credit products.Overall, risk management is essential for maintaining the balance between providing access to credit and protecting both lenders and consumers. I am excited to help drive our company’s vision and, with our partners, leverage alternative credit scoring to make a difference to peoples’ lives.”Commenting on his appointment, Erwan Gelebert, CEO at Ezra said: “We are thrilled to welcome Andrew to the team. With decades of experience in the consumer finance and financial services industry, Andrew will play an integral role in helping to fortify our presence, especially in emerging markets where we work with banks, telecoms, mobile wallets and utilities, to help companies to innovate faster and fulfil their customer needs at scale.”

Biban 2023 powers the future of Saudi entrepreneurship

Biban 2023 Saudi Arabia’s flagship startup and SME forum has brought leading entities from around the world together to sign a series of landmark agreements worth approximately $13.8 billion in support of the startup community.Organized by the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia (Monsha'at), the event held from March 9 to March 13, 2023, at the Riyadh Front Exhibition & Conference Center has set a new benchmark for partnerships, with a diverse range of collaborations and initiatives being launched to empower entrepreneurs.The fifth and final day of the forum brought more regional and global organizations together to usher in a new era of Saudi entrepreneurship in line with Vision 2030 powered by state-of-the-art programs, innovation and effective joint-working.Notable highlights throughout the event included agreements made by the Saudi Development Bank to support entrepreneurs and SMEs with $6.4 billion, the Small & Medium Enterprises Bank to provide support estimated at $2.8 billion, and the Kafalah Program with a $1.5 billion agreement with diverse entities.Monsha’at also announced an MoU with Huawei Tech Investment Saudi Arabia Limited to enhance the digital transformation of the Kingdom’s SMEs, in addition to launching a partnership with Saudi Cloud Computing Company (SCCC) Alibaba Cloud. MoUs were also signed with the Ministry of Energy and Nine66 a Savvy Games Group company.Another major announcement at Biban 2023 arrived with the confirmation that local sellers in Saudi Arabia will gain access to Amazon’s global market in the US, Europe and Asia.Creating an enabling environment for global leaders, experts, and industry professionals to network, collaborate, and pioneer solutions to pressing business challenges, Biban 2023 was a diverse showcase of entrepreneurial excellence. The forum set the stage for the future of entrepreneurship, providing next-generation SMEs and startups vital access to all-important insights, resources and connections.Biban 2023 also hosted the final round of this year’s Entrepreneurship World Cup: a startup pitch competition and support program, co-hosted by the Global Entrepreneurship Network (GEN) and Monsha’at. The Global Finals featured 100 up-and-coming startups from all over the world representing 53 nations. The tournament offered competitors the chance to win $1 million in cash prizes and benefit from access to start and scale-up capital, new connections and ideas. White Helmet, a Saudi-based company that provides a platform to manage and monitor construction operations remotely from anywhere and at any time was announced, on Day 4 of the Biban forum, as the winner of the EWC grand-prize: a US$300,000 share of the $1 million prize pot.In 2nd place was NDR Medical from Singapore, receiving a US$20,000 prize, with the third place going to Hera Health from the US with a $150,000 prize.

International & regional retail leaders take the stage at The Retail Summit 2023

The Retail Summit, an annual event providing unprecedented access to hear from global retail giants on the future and movement of the retail sector, remains the ultimate industry networking event on the global calendar, and commences today and tomorrow.The highly-anticipated two-day summit brings all industry players under one roof, from international brands to local franchise partners, hosted at two iconic locations including Atlantis, The Palm and the recently-launched Atlantis, The Royal. The Retail Summit is dedicated to being the catalyst for international brands who are looking to either establish an in-market presence or sell via cross-border ecommerce to the United Arab Emirates. The future epicenter of trade, Dubai is the fastest-growing economy in the world, making it a prime location for brands looking to expand their global footprint by setting up operations and tapping into the vast potential of the region. The Retail Summit gives local brands the opportunity to expand into international markets by meeting mentors to widen professional networks and create partnerships, allowing regional companies to reach international heights.The top echelon of regional and internationally-renowned retailers and franchise specialists will provide extensive insights into the successful concepts of international brands, in which attendees can interpret locally and roll out in their respective and relevant markets.Over the course of 2 days, attendees will meet executives from major global retailers including fashion icon Tommy Hilfiger, Michael Ward, CEO of Harrods, Kristina Blahnik, CEO of Manolo Blahnik, Jo Malone, Founder of Jo Loves,  David Gandy, Founder, Wellwear, Manju Malhotra, CEO, Harvey Nichols and Tom Athron, CEO of Fortnum & Mason, to name a few.Accompanying these retail giants are regional master franchise specialists such as Chalhoub Group, 6thStreet, Magrabi, Apparel Group,, Amazon, Sultan Center Group, Alsulaiman Group, Papa John’s, Majid Al Futtaim, Al Tayer, Al Shaya, Azadea, Kamal Osman Jamjoon, Landmark Group, LIWA, Noon and Namshi.The summit runs in partnership with Dubai Chambers. Commenting on the occasion, Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, said: "Backed by a significant growth in the e-commerce market, Dubai continues to be a competitive destination for retailers and industry stakeholders who look to capitalize on the emirate's strong and sustainable economic fundamentals, solid digital infrastructure and its thriving business ecosystem. We value the contribution of this industry to Dubai's economy and its image as an international retail hub.""Public and private partnerships provide a critical driver for innovation and development in the retail industry. By joining forces, both sectors can leverage their respective strengths to create a more sustainable, competitive, and inclusive retail ecosystem," he added.Gary Thatcher, CEO and Co-Founder of The Retail Summit, shares, “I am very proud of The Retail Summit team for working so diligently as we enter the final moments before the event. We believe that the third-edition is going to be the biggest yet as we draw a big focus on both the regional and international connectivity”.

Marketplace & D2C conference brings together e-commerce global experts in Dubai

Leading e-commerce experts discussed the prospects, trends, and peculiarities of the e-commerce industry in the MENA region. Discussions ranged from business models in e-commerce, such as marketplaces and D2C channels, to digital marketing, data analytics, and approaches to e-commerce business development.The conference featured an impressive lineup of speakers, including distinguished industry leaders, such as Anshuman Anand, Vice President of Apparel Group, Jonathan Flender, Digital and E-commerce General Manager at Al-Futtaim, Aadil Shaikh, Regional Product Lead at Amazon, Ivan Gudkov, E-commerce Vertical Lead at TikTok, Abhishek Shah, Co-founder and CEO of RSA Global, and Mohamad Anas Derieh, Head of E-commerce at Arla Foods, among many other esteemed experts.The conference was opened by Daria Tkachenko, CEO of Sellematics and Sellscreen, the companies that organized the conference, and Leo Dovbenko, CEO and Co-founder of YallaMarket and YallaHub, and partner of the Marketplace & D2C ?onference 2023.Daria Tkachenko presented an incredible report on the benefits of analytics services for customers, and demonstrated trends, strategies, and forecasts for e-commerce in the MENA region. She spoke about how the MENA region is the fastest-growing market in the world with 25% predicted growth, and shared data insights from Sellematics showing that the number of sellers in November had increased by 6% compared to August, and that there was a significant increase in revenue in all categories in the Noon UAE marketplace. She also highlighted the importance of analytics for e-commerce success. All the data insights were received from the Sellematics service.Leo Dovbenko, the conference partner, discussed the growth trends in the region and the unique market dynamics that set the MENA region apart from the rest of the world. He shared details of YallaHub's marketplace aggregator, which has already helped launch 40+ successful brands in the region. Dovbenko emphasized the importance of a solid GTM (Go-To-Market) strategy for launching new products in the market.The Marketplace & D2C ?onference 2023 was an inspiring event that showcased the MENA region's potential for e-commerce growth. Given the impressive turnout and the quality of the discussions, it is clear that the e-commerce industry in the region is poised for further expansion, and we can't wait to see what the future holds.

Kearney Middle East survey: Diversity and inclusion at the forefront of work

8 in 10 women in the UAE workforce highlight that the opportunity to progress to top leadership positions is key for them, with 73% feeling they have opportunities to lead at their workplace. This is according to a survey conducted by leading management consulting firm, Kearney. The survey reveals 61% of UAE’s workforce think more women in leadership roles will positively impact their organization, with 39% seeing the future top leader of their current organization to be a woman. The study conducted ahead of International Women’s Day 2023 explored the sentiment around women in leadership positions, the path to progress and the challenges faced.The UAE is ranked as a leading country in gender equality in the region[1], with women making up 66% of public sector workers and 30% in leadership roles[2]. The last decade has seen multiple policies that support inclusivity and diversity come into play, aimed at facilitating women’s role in the workforce. While there have been positive strides towards a more equitable work environment at a national level, the survey reveals that leaders in the private sector still have work to do to pave the way for female talent.81% of the women surveyed claim that it’s difficult for them to get the support they need to take on leadership roles. When asked about the challenges faced in the workplace, a quarter (25%) of women stated their goals are too ambitious, 21% felt the organizational culture at their current workplace does not encourage them to lead, and 18% stated they face discrimination by their coworkers.“The UAE has a strong commitment to empowering women at work for the development of the local economy, as part of We the UAE 2031 Vision, as well as the realization the UN SDG Goal 5 of achieving gender equality. The policies and host of national initiatives that promote an inclusive and balanced work landscape have been key to driving increased female participation in the workforce and at leadership positions. To support ambitious women aiming to climb the career ladder, business leaders in the private sector have a major responsibility to provide women with the relevant support and training to progress in their careers and open up opportunities for them to take a seat at the leadership table,” commented Isabel Neiva, Partner at Kearney Middle East & Africa.When questioned on how their organization supports their career development, only 26% claimed that they receive regular training and development and 22% said they are offered opportunities for regular career reviews and/or promotions.Having a leadership team that is genuinely committed to diversity and inclusion was flagged as a key priority for 81% of respondents (both men and women), emphasizing the important role that current business leaders play in accelerating the achievement of a more diverse and equitable workplace. 61% reveal their current organization has diversity, equity, and inclusion targets, including having more women at the board level, however, only 16% of those claim that these have been publicly announced. 27% believe the organization does not have such targets, and 12% were unsure.“Diversity, equity, and inclusion are proven pillars of success and provide the basis for future growth of organisations. To accelerate the pace of change, a forward-thinking approach must be instilled from the top of the hierarchy, from the senior leadership team, trickling downward into management teams and the workforce. Setting diversity targets and publicly stating them is an important step towards enforcing accountability in organisations, to ensure that the leadership team works towards hiring and nurturing female talent, and to provide them with the tools and opportunities needed to progress,” concluded Chiara Riffaldi, Partner at Kearney Middle East and Africa.

Roxy Cinemas brings Oscar nominated films back to the big screen

Dubai, United Arab Emirates: Roxy Cinemas is bringing back some of the best movies of 2023 back on the big screen. Guests can sit back, relax and watch some of their favourite Oscar nominated films including Elvis, Top Gun: Maverick, Avatar: The Way of Water, The Fabelmans, and Triangle of Sadness, for only AED 40.ELVIS: Whilst on a mission to transform the mainstream rock and roll culture of the USA, singer Elvis Presley uses his fame to highlight racism within the countryTOP GUN: MAVERICK: Thirty years of service leads Maverick to train a group of elite TOPGUN graduates to prepare for a high-profile mission while Maverick battles his past demons.AVATAR: THE WAY OF WATER: Jake Sully and Ney'tiri have formed a family and are doing everything to stay together. However, they must leave their home and explore the regions of Pandora. When an ancient threat resurfaces, Jake must fight a difficult war against the humans.

Ruder Finn elevates Atul Sharma to CEO of Ruder Finn India & Head Middle East

Leading global communications agency, Ruder Finn, today announced the expansion of Atul Sharma’s role as CEO of Ruder Finn India, which comprises Ruder Finn India and RF Thunder India. After leading Ruder Finn’s growth in India for the last four years, Sharma is now also being appointed the role of Head of Middle East as part of the company’s planned footprint expansion. Sharma will bring together a new team to expand the firm’s network and set up operations in the Middle East region to meet the growing demand for public relations, marketing communications, digital, and corporate reputation in this region.“We are delighted to appoint Atul as the CEO of Ruder Finn India and Head of our new ventures in the Middle East,” said Kathy Bloomgarden, CEO, “RF India’s transformative growth has been led by a strong leadership team under Atul. Atul has been leading the charge on consulting for our clients on emerging technologies with the growing team in India. Further, we have envisioned paving our way in the Middle East for some time, and I am confident that Atul will help us to tap into the market as we mark our next growth phase in that region.”Sharma joined Ruder Finn Asia in 2018 as Managing Director, Vice President of Ruder Finn India, responsible for overall management and operations, and establishing Ruder Finn as a major player in the India market. With a transformative leadership style, Sharma has led Ruder Finn India to become the fastest growing PR firm in India, building its sectoral expertise across Technology, Brand, Corporate, Auto, Entertainment, Education, Lifestyle, B2B, and Start-Ups, amongst others. The India office has grown multi-fold in the last four years with a strong focus on technology, data analytics and insights and storytelling at its core. Sharma has brought on board extremely competent talent across all the five offices in India. Ruder Finn India is also the first PR firm in the region to launch Web3 Practice to help brands understand and build communities for their various stakeholders.Sharma will continue to lead his team in India, which has experienced exponential growth in staff in the last four years, as well as grow the team in the Middle East as he spearheads the initiative to expand Ruder Finn’s footprint in the region. In addition to his work at Ruder Finn, Sharma also acts as President of the PRCAI (Public Relations Consultants Association of India) wherein he is leading various initiatives to make the PR industry more professional, ethical and prosperous.“It is an honor to be named CEO of the Ruder Finn India Group, which has been recognized as one of the fastest growing mid-size public relations firms in the region, with a strong portfolio of clients backed by exceptional talent,” said Atul Sharma, CEO Ruder Finn India & Head Middle East, “I am also excited about the opportunities in the Middle East for its strong presence in sectors including energy, luxury and retail. I am looking forward to helping build and establish the Ruder Finn presence in the GCC markets.”“We are thrilled to have Atul expand his role. As a respected industry veteran his strong understanding of business growth but also staying ahead of the curve with innovation makes him a strong leader to drive this next chapter of growth for us,” said Elan Shou, Regional Director, Asia, Ruder Finn, “We are certain with our footprint expanding globally, we will truly be able to integrate and drive more synergy for global mandates across locations especially in newer sectors like defense, Web3, aggregator economy etc.”

MoEngage named A “Strong Performer” in The Forrester WaveTM

MoEngage, the insights-led customer engagement platform, has been recognized as a “Strong Performer” in The Forrester Wave™: Cross-Channel Marketing Hubs, Q1 2023 report. MoEngage has received top scores possible for eight criteria: Customer Profiles and Preference Management, Descriptive Analytics, Scheduling and Automation, Mobile (experience orchestration), E-commerce and Marketplaces (experience orchestration), Experience Optimization, Performance Management, and Performance (strategy). The report also recognized MoEngage’s scalable data ingestion, AI-driven visualization, performance reporting, global scale, local approach to innovation, and regional development. “We are thrilled to be named a “Strong Performer” in The Forrester Wave™ report. We believe the scores are a testament to our ability to serve enterprise customers’ needs, support cross-channel use cases, and provide global go-to-market focus. Over the last two years, cross-channel marketing has become critical for any consumer brand’s personalization and customer engagement strategy. We will continue to build new capabilities, deeper integrations, and stronger local support to empower brands to onboard, engage and retain customers across channels and touchpoints,” said Raviteja Dodda, CEO & Co-founder of MoEngage.Today, MoEngage is used by more than 1,200 global consumer brands such as Ally Financial, McAfee, Flipkart, Domino’s, Nestle, Deutsche Telekom, Travelodge, and more. Specifically, it has more than 105 customers in the Middle East and Africa region across industries such as retail and e-commerce, banking and finance, telecom, airlines, healthcare, media, entertainment , travel and hospitality. It added more than 75 customers in 2022 not only from UAE but also Saudi Arabia, Bahrain, Qatar, Kuwait, Egypt, Lebanon, Morocco, Nigeria, South Africa, Israel, Tanzania and Turkey.The Forrester WaveTM highlights Leaders, Strong Performers, Contenders, and Challengers. In its 26-criterion evaluation of cross-channel marketing hub (CCMH) providers, Forrester has identified the most significant ones and researched, analyzed, and scored them as part of this report. Forrester recommends brands look for providers that support sophisticated cross-channel experiences at scale, helps deliver both business and customer outcomes, and ease human workloads with AI-based recommendations. You can access the full report here.

Myco announces appointment of EssenceMediacom as AOR

Myco, a web3 video streaming, production, and distribution company, has announced the selection of EssenceMediacom by GroupM as its official global media purchasing and planning agency. By this cooperation, Myco will be able to take use of EssenceMediacom's media planning and buying skills to strengthen its brand and increase its global reach. Additionally, it will help Myco expand its market share and reach a larger audience, solidifying its position as a top brand in web3 video streaming, funding, production, and distribution.Myco is a distinctive platform that gives viewers and artists alike authority because it is a completely decentralised video ecosystem. While content creators make money by producing it, viewers make money through watching it. Within a completely decentralised ecosystem, the platform allows live monetisation, crowdsourcing, gating NFTs, and fractional ownership of content. Myco also offers AVOD and will shortly introduce SVOD and FAST capabilities.In addition to the recently launched live sports with Watch & Earn mechanism, Myco has seeded, funded, and curated more than 50 film and TV productions over the past year through its self-sustaining ecosystem.The Myco platform currently has over 100,000 user-generated videos, 500 top content creator channels, and around 1.5 million registered users from around the world. Additionally, it offers premium exclusive content as well as a selection of original film creations (MyOriginals). The platform is powered by its own native cryptocurrency (MContent), which is traded on several exchanges and is accessible on the BNB Smart Chain (BSC - BEP20).

Adform partners with Digiseg

An exclusive seven-month agreement was established between Adform, a prominent independent advertising technology platform, and Digiseg, a global provider of cookie and ID free audience data in Saudi Arabia.Clients of Adform in Saudi Arabia will have access to Digiseg's exclusive household audience data thanks to the cooperation. Digiseg divides entire nations into neighbourhoods of 100–500 households and overlays statistical information on home type, life stage, household income, and other factors. Cookies and other deterministic identifiers like UUIDs and MAIDs are not used by Digiseg. Through the usage of this cookie-free data, advertising campaigns on channels including display, video, and mobile may be better targeted and personalised.The collaboration is anticipated to give Saudi Arabian advertisers a potent new tool to enhance their campaigns. With Digiseg's demonstrated effectiveness, brands can reach the right audiences and increase conversion rates while reducing costs.

SolutionBuggy plans to open a new office in UAE

SolutionBuggy, India's largest manufacturing consulting platform dedicated to small and medium scale enterprises, gears up for overseas expansion by foraying in the Middle-east region. Looking at the huge potential in the Middle-East market, SolutionBuggy intends to open a new office in Abu Dhabi, United Arab Emirates (UAE).The manufacturing consulting platform currently has offices in Noida and Bengaluru, but is working on projects all over India. Through the successful completion of projects in markets like Nepal and Switzerland,  it has already initiated its establishment in the global market. The company also plans to expand into countries in Africa like Ghana, Zambia, and Nigeria.Talking about the company’s expansion plans, Arjun N, Founder and CEO, SolutionBuggy said, "Previously dependent on oil, the Middle East market is now looking at new industries and investing extensively in them, including textiles, chemicals, drone technology, agri-tech, and organic fertilisers. After completing more than 3000 projects in India, our team began receiving numerous enquiries from the Middle East region, initially to see whether our company could compete with some of the quotes they had from China. The clients we worked with had complete faith in us as a result of our ability to demonstrate transparent and superior quality services, and greater access to a large pool of talented experts located throughout India and managed by a single point of contact i.e., SolutionBuggy. As a result, we were rewarded with the complete implementation of a silk textile manufacturing unit setup in the UAE.""We see enormous potential in developing countries for industrial facilities. Many times, businesses have been caught in a bind with equipment that is either not producing the desired results or requires a specialised workforce to operate. In these situations, SolutionBuggy as a platform gives access to both new and established sectors, allowing them to improve their workflows and hire the best personnels for their projects. Therefore, whether an ethanol plant is built in Mirzapur or Zambia, we have the engineering know-how to complete the project." shares Guruprasad Bangle, Co-founder & Chief Technology Officer, SolutionBuggy.SolutionBuggy is focusing on the markets in Southeast Asia, Africa, the Middle East, and Brazil in industries like food processing, ethanol plants, aerospace and defence, chemicals, pharmaceuticals and electric vehicles."We are having a stellar growth rate of almost 110 percent over the last year, and this is looking at only India's business. Once we consider our order books from outside countries, we are looking at even higher growth rates," said Vikas Manral, Co-founder & CMO, SolutionBuggy.SolutionBuggy is an end-to-end project management consulting firm that is eager to grow in other locations and take on complete implementation projects for new plant setup, technology transfer, diversification, etc. Notably, the manufacturing consulting platform also collaborates with trade bodies and consults in Denmark, Israel, Germany, Malaysia and France to assist businesses from these countries in entering the Indian market through joint ventures, mergers and acquisitions, technology transfers, and contract manufacturing.

AJP Tour Abu Dhabi International JIU-JITSU Championship 2023 kicks off at Mubada

 Mubadala Arena in Zayed Sports City will come alive once again when it hosts the AJP Tour Abu Dhabi International Jiu-Jitsu Championship 2023 competitions from March 17-19. The competitions, which are open to clubs and academies from all over the world, will feature intense mat fights in the Kids, Youth, Amateurs, Professionals, and Masters divisions.The three-day championship, jointly organised by the UAE Jiu-Jitsu Federation (UAEJJF) and Abu Dhabi Jiu-Jitsu Pro (AJP), is the second set of AJP competitions in the 2023 events season. The first was the AJP No-Gi Abu Dhabi International Jiu-Jitsu Championship, which took place last month and was a huge success in terms of organisation, participation by professionals, and crowd turnout. His Excellency Youssef Abdullah Al Batran, a board member of the UAE Jiu-Jitsu Federation, said: “The AJP championships are a valuable component in the schedule of championship activities for the current sporting season and help to highlight a significant number of fresh talent aiming to build a successful professional career.”“The increased registrations for events testify to the effectiveness of the UAEJJF’s initiatives to develop the sport, broaden the pool of participants, and strengthen Abu Dhabi’s position as the world’s capital for jiu-jitsu. We always strive to offer the perfect environment for our young athletes to engage with the greatest players from clubs and academies around the world, honing their skills and improving their readiness for major international competitions.”Meanwhile, Tariq Al-Bahri, General Manager of the AJP, said: “The AJP events in the UAE along with our 150 international championships are gaining greater support as they continue to improve the players’ skills, career growth, and offer rigorous competitions among the participants. These will have a significant impact on the UAE and the capital Abu Dhabi’s capability to solidify its status as the global sporting hub and a much-sought-after destination for champions from around the world.”The competitions will feature boys and girls in Infant (Grey, Yellow, Orange) and Junior (Grey, Yellow, Orange, Green) divisions on Friday, March 17, the first day of the event, with the fights beginning at 4:00 pm. On Saturday, the action will continue with bouts beginning at 11:00 am for the boys and girls in Teen and Youth (Blue, Purple), Men’s Master 1 (Blue, Purple, Brown, Black) and Master 2 (Blue, Purple, Brown, Black) divisions. Men and Women contestants will compete in amateur (blue) and professional (purple, brown, and black) divisions on Sunday with the action starting at 11 am. Ends

UAE residents use tech to take control of their health: Research

Royal Philips, a global leader in health technology, today released its first Health Trends Research United Arab Emirates (UAE) findings, shedding light on the state of local healthcare. Philips commissioned Censuswide, an independent market research consultancy, to conduct the study aimed to equip healthcare providers with insights into current health trends and public perceptions of healthcare in the UAE - enabling them to adapt to these shifts in demand to address immediate priorities and future needs.“At Philips, we believe that the study validates that the UAE is well-positioned to transition its healthcare approach from sick care, which has historically been the norm, to value-based healthcare. This transformation begins with a greater emphasis on proactive preventive measures, supported by advanced technology that enables improved health outcomes at every stage of care, including diagnosis, treatment, and follow-up care,” says Marc Antoine Zora, General Manager and District Leader, Gulf & Levant, Philips Middle East.“While residents perceive themselves to generally be in good health, they want to be more proactive, and are ready to embrace digital health technology to realize a healthier future, for themselves and our planet,” says Lucy Stewart, Head of Client Services, Censuswide.The shifts in consumer perceptions and behavior towards well-being and technology, revealed in the Philips Health Trends Research UAE, are expected to have a long-term impact on the way people think about and engage with healthcare in the future.Three key themes are particularly prominent in the findings:Healthy living and preventionThe pandemic has led to greater health consciousness among UAE residents, with 95% taking a proactive approach to protecting their health and 70% feeling more in control of their health since its onset.89% of respondents rated their current health status as good, with an impressive 88% committing to being more proactive about their health and well-being. Additionally, UAE residents are also aware of how different factors can impact their health, acknowledging that oral health can affect their general health (87%) and heart health (75%).This drive for improved health is supported by the top four factors that make it easier for people to focus on their health: a better understanding of healthy living (53%), access to and maintenance of personal medical records (52%), mentor programs that provide guided health support to keep them on track (48%) and doctors having access to their information regardless of a hospital (48%).Power of health technologyThe pandemic has accelerated the adoption of digital technologies in the healthcare sector, increasing people's trust in health technology. The Philips Health Trends Research UAE reveals that 95% of respondents believe technology can help manage their health more efficiently due to its ease of use (51%), faster access to specialists and healthcare professionals (51%), easier access to results (50%), and by allowing all their healthcare data to be stored in one place (46%).With most UAE residents believing in the benefits of digital health solutions, 67% of respondents confirmed that they are aware of telehealth. The research indicates that 90% would consider using telehealth solutions, and 72% believe virtual discussions with doctors are as effective as face-to-face examinations.The data confirms that UAE residents are largely agreeable to providing access to their personal data for developmental purposes, with 38% open to allowing all their data to be used, 37% allowing most to be used, and 20% allowing a small portion to be used.This creates considerable opportunity to truly transform healthcare by tapping into the latest innovations in telehealth that offer several advantages, including easy access to specialized healthcare professionals – regardless of their physical location, with increased opportunities to collaborate, cost savings for both patients and providers, more efficient care with shorter waiting times, and regular and systematic touchpoints: all contributing to better patient outcomes.Sustainability is a key consideration for healthcare The Philips Health Trends Research has also revealed that most UAE residents (82%) believe that sustainability should be a priority for healthcare companies. Respondents' top considerations also highlighted the importance of prioritizing practices that do not harm the environment, with 51% of respondents indicating this as a key priority. Nearly half of the respondents (48%) believe that healthcare companies should conduct their business in a sustainable manner, while 41% feel that these companies should aim to become carbon negative.These results indicate that residents in the UAE greatly value sustainable business practices; creating the heightened need for healthcare leaders to achieve sustainable healthcare.“It is encouraging to see such a close alignment between the healthcare fraternity and UAE residents,” says Zora. “Many healthcare leaders are already turning to healthcare technologies to help them replace outdated, less efficient operations and technologies in favour of sustainability. With the patient population embracing sustainable innovations, we believe the sector has an unparalleled opportunity to expand access to quality healthcare, sustainably, while improving outcomes for better healthcare in the UAE and beyond” he adds.* RESEARCH MASTHEADThe Philips Health Trends Research UAE was conducted online by Censuswide, an independent market research consultancy. There were 495 respondents in the UAE aged between 18-64 with quotas set to ensure that SEC groups and regions represented the country distribution. Gender quotas were also set to achieve a 50/50 split. The survey took place between May & June 2022.

FinaMaze appoints Industry Leader Grant Niven as New Board Advisor

FinaMaze has announced the appointment of Grant Niven to its Advisory Board, effective February 2023.The ADGM-based innovative digital wealth management firm made the announcement in pursuant to progress in its growth and sustainability, as it continues to provide cutting-edge financial investment services within the Fintech space. Originally from Scotland, UK, Grant has worked in several executive roles over the last 24 years spanning the technology, consulting and financial services industry, in both Europe and the Middle East. Prior to recently founding Mingzulu, a strategy & venture funding advisory, focused on the Financial Sector, (including Fintechs), Grant held a role as Head of Group Digital at Banque Saudi Fransi, (BSF), HQ in Riyadh, KSA; where he was accountable for defining and executing the Bank-wide digital vision and strategic initiatives across the organisation.Among other significant roles, he previously held a partner position within EY Middle East & North Africa (MENA)  where he led the Technology Advisory practice for the financial services sector across the region.Grant is a regular public speaker and prominent voice at leading events across the region on the topics of digital banking and ventures, Fintech, Open Finance and adoption of disruptive technologies in the financial services sector.With his rich experience, he is clearly a great addition and good fit for the FinaMaze Advisory Board; as the firm has carved a niche for itself since 2020 as an innovative digital wealth management establishment working to push beyond the limits of what has traditionally been known to be ‘possible’ in Personalised Asset Management.Speaking on his latest role at FinaMaze, Grant said: “Delighted to support the next chapter of growth for FinaMaze leadership, shareholders and end customers. Mehdi Fichtali (CEO) and the wider board's vision and ambition to transform wealth management has really caught my attention and impressed myself and fellow Mingzulu team with what has been achieved to date.  We are really looking forward to supporting the next chapter of innovation in the Wealth & Asset Management sector and honored to work in partnership with Mehdi and his team to accelerate their strategy & growth plans. The industry is ripe for disruption and FinaMaze has the smarts, people with deep wealth advisory expertise, combined with leading technologies such as Artificial Intelligence (AI) to make not only a huge regional impact - but internationally on a global stage ”.Mehdi Fichtali is the CEO of FinaMaze, and this is what he has to say about Grant’s appointment to the Advisory Board:“We are absolutely thrilled to welcome Grant to our Advisory Board! With his extensive experience spanning over two decades at the forefront of the intersection between technology and banking, Grant brings an unparalleled wealth of knowledge to our team. As an ex-partner at one of the top four consulting firms and a former Head of Digital at a major Saudi banking group, Grant is not only a strategic thinker but also an execution guru in the digital banking space. We are confident that his expertise will prove invaluable in guiding us through the ever-evolving landscape of the financial industry, particularly in the Wealth and Asset Management space for banks in the region. We can't wait to see the amazing things we'll achieve together with Grant on board!”In his market projection for 2023 made during the last episode of “Light in the Markets Maze” – a webinar hosted by FinaMaze; Mehdi mentioned it likely being an eventful year for investing looking at the emerging trends that favour personalised asset management rather than an overall passive investment.FinaMaze has over the years introduced and actively managed both long and short personalised Smartfolios that have offered various protection options.It is expected that the firm will make a number of key appointments in line with its vision, and these would be announced within the course of the year.

Dubai Chamber of Digital Economy drives meaningful discussions on meta, crypto

Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has brought together top executives, business leaders, and entrepreneurs in the metaverse and crypto industry for a new edition of the chamber's digital industry workshop series.The workshop was attended by H.E. Ahmad Bin Byat, Vice Chairman of Dubai Chamber of Digital Economy and board members of Dubai Chamber of Digital Economy, Hind Seddiqi, Fadi Ghandour and Dany Farha. The workshop discussed ideation, opportunities, and challenges as well as ways to drive progress in the metaverse and crypto fields. H.E. Ahmad Bin Byat, Vice Chairman of Dubai Chamber of Digital Economy, said: "Dubai has a healthy and vibrant digital ecosystem welcoming digital companies across various economic sectors and the adoption of the metaverse is rapidly growing.""The workshop on the metaverse and crypto industry is part of a series of digital industry workshops we continue to host. It is a great platform to connect like-minded leaders in the field to discover the latest developments and provide a space for meaningful discussions. The workshop reflects our commitment to positioning Dubai as a world's leading hub for Web3 and the metaverse industries, underlining our vision of creating a more connected and collaborative environment for digital businesses," he added.Dubai launched the Dubai Metaverse Strategy with the ambition of Dubai becoming one of the top 10 metaverse economies and hubs in the world. The strategy aims to attract more than 1,000 blockchain and metaverse companies to Dubai to develop Web3 technology and its applications for Dubai.Dubai has introduced its own virtual asset regime and established Dubai’s Virtual Asset Regulatory Authority (VARA) to provide a secure and progressive operating framework for the virtual asset sector. Recently, VARA announced its entry into the metaverse with the establishment of its metaverse HQ in the virtual world of 'The Sandbox', thus becoming the world's first regulator to make its debut in the metaverse.Major global crypto players such as Binance, and Bybit have all already moved their leadership to Dubai, favoring the emirate's ‘light touch’ approach to regulation.Dubai Chamber of Digital Economy is committed to involving all relevant parties in building a clear roadmap for innovating Dubai's digital industries.

Doha Film Institute’s Qumra 2023Qumra 2023 underway

In addition to talents associated with the Qumra projects, this year, members of the public can attend the masterclasses and Qumra screenings, providing them a unique window to gain insights on the cinematic vision of the Qumra Masters as well as the trends defining independent cinema today.Talents associated with the selected projects will take part in group and individual sessions with Qumra Masters and industry mentors in script consulting, legal, sales, marketing, and co-production advice, along with individual matchmaking sessions for projects in post-production, which are presented in a series of closed rough-cut screenings to leading festival programmers, broadcasters, market representatives, sales agents and distributors.Film projects at Qumra 2023 come from varied geographies, from Algeria to Indonesia and Mexico to Mongolia. The guests this year include acclaimed film directors, producers, film festival directors, programmers, consultants, fund managers, sales professionals, acquisition heads, script experts, distributors, video on demand (VoD) platforms and broadcasters, and other industry professionals.Qatar Museums, the Museum of Islamic Art and M7, Qatar's epicentre for innovation and entrepreneurship in fashion, design, and tech, are the Cultural Partners of Qumra 2023. The event is supported by Alwadi Doha – MGallery Hotel Collection as Official Hotel Partner; Darwish Holding (FNAC/SONY) as Official Electronics Partner; Qatar Airways as Official Airlines Partner; Aldo Coppola and Blumen Floral Art and Design. The Friends of Qumra this year are Sarajevo Film Festival, British Council and The French Embassy. The event is promoted by I Love Qatar, Qatar Living and Doha News. Qommunication is the Social Media Partner, while Deadline and Screen Daily are the Media Partners.

AppsFlyer releases its State of Gaming App Marketing for 2023 report

AppsFlyer today released its State of Gaming App Marketing for 2023, an in-depth report on key gaming trends for app developers, marketers and game studios to utilize as they navigate through a year of challenging macro trends, including the new age of data privacy. As the post-Covid era unfolds, a digital slowdown, or return to pre-Covid conditions, is taking place. While the effects are becoming increasingly apparent in metrics like overall app installs by consumers, the gaming app economy still showed resilience with nearly $27 billion invested in ad spend by gaming marketers and developers worldwide in 2022 to acquire new users. Overall, Android game app installs rose slightly, by 8% compared to 2021, whereas iOS game app installs showed a small decline, with a 5% drop. Based on advertising investment, the United States remains the largest target market for gaming app marketers by a significant margin, followed by Japan, South Korea, Germany and the United Kingdom.“If 2021 and the first quarter of 2022 was the golden age of gaming, the second half of 2022 and especially 2023 will be a time that marketers, developers and studios will need to overcome challenges to adopt highly-focused, efficient strategies for attracting and inspiring loyal, valuable players,” said Shani Rosenfelder, Director of Market Insights at AppsFlyer. “Evolving marketing budgets coupled with drops in consumer spending across some genres mean game businesses are compelled to prioritize profits over growing the sheer size of their numbers of players. Despite the hurdles, however, mobile gaming remains a lucrative powerhouse nearing three billion players globally. Marketers will continue to succeed by putting more focus on modern measurement capabilities, utilizing techniques that deliver an engaging experience while respecting user privacy, and leveraging remarketing and owned media channels further in order to offset increases in their cost-per-installs (CPI). Additionally, they will need to dive deep into the complex yet promising SKAN 4.0 from Apple, and invest more in campaigns outside of the United States, as gaming is truly a global phenomenon.”As for gaming app revenues, the State of Gaming report reveals that consumers spent the most on in-app purchases (IAP) in role playing and social casino (not real money) games. Purchases in these game categories declined mostly in the second half of 2022, leading to an overall drop in IAP revenues by 7% compared to the first half of the year. The economic downturn appears to have impacted consumer behavior in high IAP genres of role playing and social casino more than other categories like match or puzzle games, which rely more on micropayments. In-app advertising (IAA) remained the strongest driver of revenues for hypercasual, match and simulation games, though IAA revenues also declined across most genres towards the second half of 2022.Key Insights from the 2023 State of Gaming App Marketing:$26.7 Billion total gaming app install ad spend worldwide in 2022. The US commands nearly half at $12.2B thanks to its high-volume and high-cost media landscape; Japan is a distant second with nearly $2B in spend.Worldwide, Android game app installs rose slightly in 2022, iOS game app installs showed a small decline. There was an 8% YoY growth in total app installs of Android games. A -5% YoY install drop on iOS reflects the continued challenges iOS app marketers are facing following Apple’s privacy changes (despite the improvement vs. the previous 2022-2021 YoY figure of -13%). In the US, still considered the most important market for gaming app marketers, 2022 saw a 19% growth in Android app installs and -1% decline in installs of iOS gaming apps when compared to 2021.The second half of 2022 in particular was a struggle for in-game purchases with the economic uncertainty in the market. There was a -7% overall drop in in-app purchase (IAP) revenue in H2 2022 compared to H1 2022, with iOS down -13% and Android down -6%. Overall, in-app purchases on Android gaming apps were down -14% year-over year (YoY), while iOS was down -1% YoY. This was driven largely by a decline in Role Playing and Casino game genres that typically have high rates of in-app purchases, and where the economic downturn appears to have impacted consumer spend.Categories that saw largest growth in 2022 vs. 2021: 48% growth rate for Android casino games, 3x more than second-place Hypercasual and 5x higher compared to the growth rate in puzzle and Role Playing games (RPG). Casino games led growth on the flagging iOS side, clocking an impressive 17%.Cost-per-installs on iOS continue to climb: 88% is the increase in CPI on iOS from Q1 2021 to Q4 2022, shooting up $3.75 per install as iOS marketers continue to accept high prices to acquire valuable Apple users. YoY rates show a 35% jump.Marketers increasingly leveraging owned media channels: As marketers look to get more value out of their budgets, the use of owned media strategies such as push notifications, in-app messages and cross promotion is seeing a sustained rise. This has led to a significant YoY increase in the number of owned media conversions, with a 16% growth on iOS and a 34% surge on Android.“As gaming marketers continue to navigate their way through a shifting economic landscape along with privacy changes, particularly on iOS, they face fresh challenges and opportunities in regards to their app marketing efforts,” said Adam Smart, Director of Product, Gaming. “Privacy restrictions on iOS limit the ability of marketers to leverage user-level data, which was previously the cornerstone of their ability to connect campaign performance to attracting new users. Yet despite a significant rise in media costs and measurement challenges, gaming apps are still investing heavily in capturing high-quality players on iOS, and are not shifting those resources to Android even if the approach results in attracting fewer users overall. This gives greater importance to the use of privacy-enhancing tech and data clean rooms in 2023 and beyond, and will also provide advantages to those able to leverage accurate and comprehensive data for making the timeliest decisions on where, when and how to optimally invest budgets in ways that attract and retain the most valuable players.”MethodologyAppsFlyer’s State of Gaming App Marketing, 2023 Edition is an anonymous aggregate of proprietary global data from 38 billion app installs from 18.6 thousand apps measured with 10 thousand quarterly installs and $13.9 billion in total ad spend measured from January 2021 to December 2022.T

Volkswagen Oman partners with Oman French Association to host Corporate Games

Volkswagen Oman represented by Premium Motors, the exclusive dealership of the brand in the Sultanate partnered with Oman French Association (OFA) to host Corporate Games 2023 at the French International School. OFA is a non-profit organisation registered with the Ministry of Foreign Affairs and supported by the French Embassy.The series of sports activities organised by Omani French Friendship Association included 5-Aside football, 3 x 3 basketball, basketball three-point contest, tug of war and relay.Volkswagen has established itself as a family brand through various campaigns and initiatives. One of its recent campaigns was the "We Drive Football" programme, which aimed to bring families, communities and fans together through the love of soccer.Christian Nehme, General Manager of Premium Motors Oman, said: “Volkswagen's commitment to promoting family values through sports is just one example of how the company has positioned itself as a family brand, emphasizing the importance of spending time with loved ones and enjoying shared experiences like we did this event in Oman. It was fantastic that two groups that symbolize vitality, enterprise and excellence joined hands to organise this event. We were delighted to partner with OFA to bring out a fun and engaging event. Our colleagues were excited to participate in this sports and wellness programme which aimed to promote a healthy and active lifestyle.”A representative for OFA said, “Our group aims to provide a platform that promotes friendship, understanding and matters of mutual interest between French and Omani businesses and keep social communities active in Oman. We are delighted to have associated with Premium Motors and present an engaging event that saw community participate and connect with each other.”Located at Alfardan Heights at Ghala, Premium Motors is spread across three floors and designed in accordance with global standards and corporate identity.

Volkswagen Abu Dhabi and Al Ain launch Ramadan offers across all showrooms

Abu Dhabi And Al Ain – Volkswagen Abu Dhabi and Al Ain launch Ramadan offers ahead of the holy month across all showrooms. Available across a range of models, customers can expect to enjoy a five-year unlimited mileage warranty, five-year free service plan, five-year Roadside Assistance and free registration and insurance for the first year. Models on offer include the Golf GTI, Tiguan and 7-seater Teramont. Monthly price points start as low as AED2,490 for the Golf GTI, AED1,755 for the Tiguan and AED2,430 for the Teramont.Models on offer include:Golf GTI: the iconic hot hatch in its eighth-generation boasts thrilling power with more sport, sophisticated design and digital innovation. The enhanced reactivity and handling promises driving pleasure.Golf R: the most powerful Golf R to ever launch with 235kW / 320HP and capable of accelerating to 100km/h in 4.8 seconds, the all-new Golf R delivers an adrenaline packed experience with 4MOTION all-wheel drive and sports-tuned suspension.Teramont: a firm best-seller, the 7-seater offers ample space, ultimate comfort, functionality and connectivity for the whole family. 2,741 litres of boot space enables countless adventures with 3-zone climate control and easy 3rd row access. Tiguan: the dynamic SUV with progressive design is equipped with intelligent technology for a comfortable drive and uncompromised functionality and connectivity.

Clover Infotech appoints Ashish Dass as Managing Partner - EMEA

 Clover Infotech has appointed Ashish Dass as the Managing Partner - EMEA effective 1st March 2023. He will be driving new business opportunities in the Europe, Middle East, and Africa (EMEA) with a keen focus on Oracle Applications. Clover Infotech is one of the premium Oracle partners in EMEA and India across Applications and the underlying Technology stack.Ashish brings more than two decades of leadership experience in enterprise software and services across companies such as Oracle, Finastra, Infor, and 3i Infotech. He has been featured in the Forbes Middle East ‘Top Indian Leaders in the Arab World 2015’.Commenting on the development, Ashish Dass, Managing Partner – EMEA, Clover Infotech said, “I am glad to be onboard Clover Infotech. Clover Infotech’s strong partnership with Oracle over the years across geographies makes it well poised to deliver excellent value to customers in the region. The company is one of the first implementers of ERP Cloud products in the EMEA and comes with extensive implementation and support expertise across the Apps and Technology layer through its managed services offerings. I look forward to working with its strong base of more than 4000 skilled and certified consultants to enable companies in EMEA to modernize and digitally transform their businesses.”Commenting on the appointment, Javed Tapia, Chairman, Clover Infotech said, “I would like to welcome Ashish onboard Clover Infotech. Ashish brings diverse experience across products and services companies in the EMEA. His deep understanding and connects across the region coupled with Clover Infotech’s enterprise application expertise will enable companies in the region to deploy best-in-class solutions to accelerate business and enhance operational seamlessness.”

Entrepreneurship event offers women-led businesses valuable insights & strategy

 Sharjah Entrepreneurship Center (Sheraa), in collaboration with Sharjah Business Women Council (SBWC) and Female Fusion, organised an event to celebrate International Women's Day.As part of the ‘Sheraa Community Talks’ initiative, the event which took place at the House of Wisdom in Sharjah, featured insightful speakers, interactive discussions, and networking opportunities aimed at helping women entrepreneurs build meaningful connections with other business owners.The event entitled "Her Story: Celebrating Women Who Inspire" attracted women entrepreneurs from around the nation and gave attendees the opportunity to gain new insights and strategies for success as well as to celebrate the incredible achievements of women in business.After a networking session where attendees had the opportunity to meet and connect with fellow businesswomen, Iman Ben Chaibah, Maryam Bin Al Shaikh and Jen Blandos, representing Sheraa, SBWC, and Female Fusion respectively, then introduced their organisations and welcomed the attendees.The founders' one-minute spotlight was a unique segment of the event where nine entrepreneurs spoke about their newly found businesses and what they needed help with from the audience to support them. The session was facilitated by the three organisations who have also been instrumental in nurturing these nine founders and their emerging companies, and helped attendees understand the challenges faced by fellow entrepreneurs and how they could lend their support.The highlight of the Women’s Day event was the panel discussion which featured two speakers from Sheraa, SBWC, and two from Female Fusion who were all dynamic entrepreneurs from diverse industries. Yasmine El Mouallem, founder of Maternally, passionately highlighted the crucial importance of maternal mental health and self-care material, and how her business seeks to fill the gaps in maternal mental health care, offering more focused support than generic social media and text groups. Dr. Muna Aldhabbah, founder of Halajary, shared her innovative vision of connecting people together and empowering women while fostering meaningful real-life relationships and supporting small businesses in local neighbourhoods.The discussion was further enlivened by Yara Bin Shakar, owner of Yara Bin Shakar Label and cofounder of House of 45, sharing her experience as a fashion designer committed to creating sustainable clothing, offering valuable tips for starting a business, and highlighting the importance of communicating one-on-one with the market. Aya Assaf, co-founder of Koala Picks, captured the audience's attention with her innovative approach to providing healthier snacks for children, stressing the need to think outside the box and to adapt to changing market demands.Pamela Lilburne, CEO and founder of Linen Obsession, which supplies department stores with top brands and has recently launched their first flagship store, expressed a strategic and analytical mindset advising the audience to focus on solving problems and build lasting relationships with clients. Finally, Ferakh Lakhany, co-founder of Arabee, showcased her passion for education and data-driven strategy, sharing her experience creating an interactive learning platform for learning Arabic and collaborating with the UAE’s Ministry of Education to improve the standard of Arabic in schools. Her customer-focused approach, design thinking, and remarkable growth over the past 5 years to 50,000+ children demonstrated how her planning had paid off.During the discussion the speakers shared their personal experiences, insights, lessons learned from their journey as entrepreneurs and explained how important it was to have organisations like Sheraa, SBWC and Female Fusion to guide and nurture them through developing a successful business. The collaboration between these three organisations showcased the power of unity and collaboration in supporting women entrepreneurs to achieve their dreams, showing them that they are not alone and that there is a supportive community out there to help them succeed. announces the ‘Ramadan sale’ today announced its annual Ramadan Sale event, kicking off at midnight on March 11th exclusively for Prime members, and on March 12th for all customers, running until March 21st. This year’s Ramadan Sale event includes saving benefits of up to 50% to support customers as they prepare for Ramadan, all while giving back to families and communities in need. customers will benefit from the thousands of deals across every product category, including groceries, home appliances, kitchen essentials, fashion, electronics, and more, across top local, regional, and international brands including Samsung, Panasonic, Grohe, Nescafe, and more.To truly enjoy Amazon in the best way possible, Amazon Prime members in Egypt get 24-hour early access to the Ramadan Sale on to begin saving before the full sale starts, and get additional savings with Prime Exclusive Deals during the sale only for Prime members, with fast and free shipping. Amazon Prime membership also gives you access to award-winning TV and movies with Prime Video, and free games and in-game content with Prime Gaming. Everyone can sign up to Amazon Prime for a free 30-day trial on, then EGP 29 per month after the trial. In the spirit of giving, is providing customers once again with the Ramadan Box, full of the day-to-day necessities during this holy month at an exclusive price of EGP249. Customers can buy and have the Ramadan Box delivered anywhere across Egypt or choose to send to the charity organization or needy family of their choice before Ramadan. The Ramadan Box includes essential grocery items such as 2 kilograms of rice, 800 grams of pasta, 1 kilogram of sugar, 700 grams of ghee, in addition to beans, oil, lentils, and tea from brands including Rehana, Lipton, Knorr, Lametna, Morgana, and Sindbad.Omar Elsahy, Amazon Egypt Country Manager, said: “Ramadan is truly one of the most exciting and meaningful times of the year in the region. We are looking forward to showing up once again as we help customers get ready for this season, alleviating budget and economic pressures. During such an important month of giving, we are thankful to be able to give customers various ways to support our communities during the Holy month as they shop with us.”Ways to Save this RamadanShop with CIB: customers who are also CIB credit card holders can pay in installments with 0% interest up to 6 months during the sales event, while Prime members can enjoy 10% extra discount up to EGP 150.Vodafone Cash: and Vodafone are offering customers an extra 20% discount up to EGP 40 on their order when they pay EGP 100 or more using Vodafone Cash as a payment method.Shop with Banque Misr: customers who are also Banque Misr credit card holders can pay in installments with 0% interest up to 12 months during the sales event.For valU Customers: customers who are also valU customers enjoy 0% interest on installments up to 6 months. Ramadan Sale DeliveriesThe increased demand through the deals season is met by Amazon’s world-class last-mile operations and delivery station technologies. The company’s advanced capacity management systems, enhanced tracking, and global routing solutions will ensure a faster, more reliable, and more convenient customer experience. Today, the Amazon network across Egypt includes 22 delivery stations across cities like Cairo, Alexandria, Tanta, Ismailia, and Assiut, and several established corporate and customer service offices.Customers can make their shopping experience even easier by downloading the Amazon app to browse and shop the best Ramadan sale deals or shop directly on the website on All deliveries can be paid through online payment options including credit and debit cards.

Dubai Chamber of Commerce launches Six Real Estate Sector-Specific Business Grp

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has unveiled the establishment of six real estate sector-specific business groups.The new groups focus on companies operating within the real estate sector, including real estate developers, real estate valuation, real estate leasing, facility management, interior decoration / interior design services and engineering consultants. The Business Groups are platforms for constructive dialogue between stakeholders in the private and public sectors, helping companies within the real estate field tap into new opportunities, tackle industry-level challenges and address policy matters that impact this thriving market.  Commenting on the launch of the new real estate business groups, Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, said: “The real estate sector continues to be one of the vital levers for Dubai’s economy and a major contributor to Dubai's GDP, with a share of more than 9% in the first nine months of 2022 and a year-on-year growth rate of 2.5% in the same period." “With the emirate's positive economic outlook for 2023, we know the real estate sector will remain strong due to substantial end-user demand and investor confidence in Dubai's property market. In addition, by leveraging Dubai's Economic Agenda 'D33', we anticipate enormous opportunities for residential and infrastructure construction to continue to support the emirate's economy while investment and spending for office, industrial, tourism and retail properties will grow even more; especially that Dubai’s population is expected to reach 5.8 million by 2040. Our new Business Groups representing six important real estate sectors are created to maximize growth and diversification in this vital market," he added.  The Dubai Land Department assisted in the formation of the new business groups and in identifying their economic activities in collaboration with Dubai Chamber of Commerce. "We welcome the formation of real estate business groups that will work under the governance framework of Dubai Chamber of Commerce. The launch of the business groups is aligned with our role of spreading real estate knowledge and promoting the culture of conducting sound business to the highest internationally recognized standards. Real estate business groups will provide new avenues for constructive debate as well as educational and networking forums for members to engage with key stakeholders, including the Land Department, to influence policymaking and ensure a bright real estate future," said H.E. Sultan Butti Bin Mejren, Director General of the Dubai Land Department. The rent and sales rates for real estate segments such as hospitality, residential, retail, commercial office space and industrial space all saw a significant increase in 2022. According to CBRE, occupancy rates in Dubai's office properties until Q4 2022 reached 88%, a 10% increase on the previous year's results.Lootah affirmed that Dubai Chamber of Commerce is committed to promoting the interests of its members and advocating on their behalf to maintain and enhance Dubai's favourable business environment as well as the competitiveness of the emirate's economy. "With this in mind, the launch of the six new real estate business groups is a significant initiative that will provide an open space for meaningful discussions amongst our member companies working in real estate, other industry leaders and key government stakeholders to achieve optimum results for a thriving real estate ecosystem,” he added.The launch of the six real estate business groups comes as part of Dubai Chamber of Commerce’s plan to establish a 100 sector-specific business groups by March 2023 to develop the private sector’s contribution to sustainable development and boost the business community’s competitiveness within Dubai’s economy and further afield.

Almost all Gen Z & millennials in Saudi Arabia will be frequent AR users by 2025

Snap Inc. has reemphasized the integral role of Augmented Reality (AR) within the shopping and retail industry at this year’s 9th Retail Leaders Circle MENA. Kickstarting conversations around the importance of immersive shopping to the modern-day Saudi consumer, Snap Inc. in partnership with PwC Middle East and Retail Leaders Circle (RLC) announced the launch of their latest white paper titled, ‘The shift towards immersive shopping: New opportunities for retailers in KSA.’The study focuses on the evolution of the Saudi digital shopper and the growing desire for brands to integrate immersive technologies that elevate the shopping experience. To build and maintain competitive advantage in the new era, retailers need to look at digital not as an add-on to their traditional business model, but as the backbone to new, hyper-responsive ways of working to attract and win the loyalty of customers that today have more choice than ever before.This is largely defined by evolving preferences as shopper behavior becomes more complex, further adding nuances to the digital footprint within KSA. Today, Saudi shoppers are demanding more convenience in digital and physical shopping, without the demand of spending too much of their free time. There is an increasing need for new modes of personalization and privacy, especially with Saudi shoppers who prefer having a transparent data security policy. Another aspect found to play an instrumental role in shaping the future of commerce is the more linear shopping journey, increasingly driven by sophistication. Artificial intelligence (AI) enables hyper-personalization, which includes leveraging real-time behavioral data and advanced analytics to offer the right promotions and tailored messages in real time.Abdulla Alhammadi, Regional Business Lead for KSA Market, Snap Inc. said: “Over the years, we have seen AR evolve from being just a mode of entertainment and self-expression, to delivering true value for both consumers and businesses. AR is already transforming the industry and is slated to metamorphosize every shopper’s journey in the near future. Today, as we ponder upon the future of retail, it's time to be agile and adapt wholeheartedly to the latest in commerce. We at Snap Inc. believe in unlocking previously unimaginable creative possibilities, helping to make the consumer journey even more personal, accessible and convenient. Together with our partners, we have seen great results among our communities and we look forward to widening the circle for AR as a tool that leads brand engagement, with a larger scope for personalization within a safe space for consumers.”Roy Hintze, Partner, Deals Strategy & Operations at PwC Middle East said: “Our latest paper shows that consumers’ shopping journeys are becoming more drawn out as they look for promotions and reduced prices. However, they are willing to a great extent to pay more for local products to support their local economies and to get convenient and more bespoke services.”Norma Taki, PwC Middle East’s Consumer Markets Leader, added: “While retailers are dealing with higher costs and supply chain issues, their challenge is to retain the loyalty of digitally savvy shoppers who are seeking the convenience of buying online with the confidence of buying in-store, they need to meet the evolving needs of this new generation of hybrid consumers who easily switch channels and blur the lines between online and offline into phygital.”Panos Linardos, Chairman of the Retail Leaders Circle said: “At the Retail Leaders Circle, we examine regionally-significant emerging trends to drive positive industry change. We see retailers exploring new ways to bridge the physical and digital divide to meet changing customer preferences. We hope this white paper will inspire more businesses to design customer journeys around digital integration, including AR, as part of the retail planning process.”According to the white paper, there is a major gap between how AR is perceived by consumers and how it is perceived by brands. Based on the Snap Inc. and IPSOS Augmentality Shift report, while 94% of brands consider AR to be primarily for fun, only 53% of consumers in KSA see it this way. Seven out of ten consumers now identify shopping as their main reason for using AR, while 84% of consumers are interested in using AR to interact with a product before buying.Emphasizing a world where online shopping is focused more on the people, not the product; Snap Inc.’s findings administer a future of retail that’s driven by self-expression that is open to different sizes and cultures. Secure AR shopping has also been found to be a fun, inclusive, and convenient way to discover, try and buy fashion and beautify. AR can showcase products, push creative boundaries, drive real sales and help reduce returns. AR try-on technology is the next evolution to transform the industry - giving anyone the opportunity to access fashion, no matter who they are or where they are. 250 million people already engage with AR on Snapchat every day and Snapchatters now play with AR more than 6 billion times a day on average.

FalconViz announces its first metaverse lab in KSA

Before digital twins and even drone-based photogrammetry were known by the public, FalconViz has been developing the tools of the future. To that extent, at the BIM and Digital Twins Exhibition 2023 in Riyadh, the company announced the launch of the FalconViz Metaverse which aims to launch the company into the new age of digitization.The Metaverse is largely considered the next era of the internet. Whilst it is difficult to single out one standard definition for the Metaverse, it is considered an immersive, interoperable, and synchronous virtual world. This new age of the internet will most certainly disrupt and transform the current social and economic structures and bring about a whole new wave of opportunity across many different sectors. The company defines the Metaverse as a 3D real-time social medium where people can create and engage in shared experiences across many modalities of converged digital and real worlds.Commenting on this huge announcement Dr. Neil Smith, FalconViz's Chief Information Officer, and Co-founder said: “At the heart of this is digital twins which we have been creating using drones and high definition laser scanning for years. Digital twinning is an industry which is projected to reach over $125 billion by 2030. Now, however, within the Metaverse, we can finally allow stakeholders to view their critical assets as they are in real life enabling an embodied immersive experience. It also allows stakeholders to simulate spaces, objects, and processes.”.The Metaverse opens new possibilities in how FalconViz interacts with the data in the future, which allows them to go from viewing data as placeable AR models to jumping into our data at 1:1 scale, with full immersion. The company can connect critical information captured in structural reports such as cracks and damage to a building and immediately jump to those locations to examine the area and gain a spatial awareness of the surroundings, and the procedures that would need to be taken to make immediate repairs. There is no limit to how they can explore the data to gain insight that is not possible from 2D plans.FalconViz is excited to announce the FalconViz Metaverse Lab in Saudi Arabia, these tools can be applied to any BIM project, and allow it to handle giga projects and deliver mixed-reality experiences. The company sees this as just the beginning, looking forward to the FalconViz Metaverse Lab contributing to achieving the Kingdom’s 2030 Vision.

StartUp Bahrain officially relaunches on its 10th year anniversary

StartUp Bahrain, a leading platform in the Kingdom’s entrepreneurship ecosystem, now powered by The Labour Fund, “Tamkeen”, has announced and celebrated its relaunch on its 10th year anniversary.Tamkeen and StartUp Bahrain established this partnership as part of their commitment to supporting startups and entrepreneurs in the Kingdom. As part of their relaunch, StartUp Bahrain announced that they will work on strengthening and empowering the startup ecosystem in the Kingdom of Bahrain through a new team, enhanced vision, and exciting activities, initiatives, and events for the years to come. The platform will continue to offer incredible perks like AWS Activate, free credits with FACEKI and free workshops with HyperGrowth, all to help startups grow and scale overseas.On this occasion, Her Excellency, Ms. Maha Mofeez, Chief Executive of the Labour Fund (Tamkeen) stated: “Tamkeen is committed to nurturing a thriving startup ecosystem in Bahrain. By supporting StartUp Bahrain, we are ensuring that local talent and their innovative ideas have access to a wide range of opportunities to succeed and thrive, while also positioning Bahrain as a leading entrepreneurship hub in the region, thus driving economic growth and prosperity.”She added: “Since establishment Tamkeen focused on empowering entrepreneurship and has supported during the past years more than 19,000 entrepreneurs to launch their new business ventures, while also partnering with several financial institutions to facilitate financing solutions which supported more than 7,000 small and micro enterprises.”Since its inception, StartUp Bahrain has played a pivotal role in nurturing the startup ecosystem in Bahrain with programs, workshops and events, and this relaunch on its 10th anniversary symbolizes a new beginning in its journey, with more exciting and beneficial perks aimed at supporting startups. Moreover, StartUp Bahrain aims to further accelerate the growth of startups through this revamped platform, thus making a valuable contribution towards boosting Bahrain's economy and fostering entrepreneurship in the region.Bader Kamal from StartUp Bahrain, expressed his excitement about the relaunch, stating: "We are thrilled to have StartUp Bahrain enter its 10th year with an entity as dedicated and eager to empower the startup scene as Tamkeen. The ecosystem has grown tremendously in the past decade, and we are committed to fostering the growth and support towards the next generation of entrepreneurs in Bahrain by connecting them to stakeholders through a unified platform.”Entrepreneurs in Bahrain will be able to reap the benefits of this partnership between Tamkeen and StartUp Bahrain through a variety of programs available on the platform, with more yet to be announced throughout the year. With this relaunch, StartUp Bahrain aims to play a leading role in driving innovation and economic growth in Bahrain for years to come.StartUp Bahrain is one element of a comprehensive network of support available to startups in Bahrain and the wider region, which includes Tamkeen, the Bahrain Economic Development Board, and accelerators such as Flat6Labs and Brinc, Bahrain’s first Angel Investors Company Tenmou and the biggest FinTech incubator in the region, Bahrain FinTech Bay.

Ooredoo in the spotlight at Mobile World Congress 2023

 Following a report published by industry expert GSMA Intelligence (GSMAi) analysing the phenomenal telecommunications success of FIFA World Cup Qatar 2022™, Ooredoo Qatar was hosted by Mobile World Live at their studios in Barcelona in an exclusive webinar during Mobile World Congress 2023.With FIFA World Cup Qatar 2022™ spanning 64 matches across 8 stadiums, the report described the tournament as the ultimate opportunity to truly test the power and potential of 5G, setting new benchmarks that will shape future 5G-enabled events.Top of the Table: How the 2022 world Cup set a new peak in mobile data traffic webinar was held on Day 2 of MWC, with Thani Al Malki, Chief Business Officer at Ooredoo Qatar, representing the telco leader, alongside Tim Hatt – Head of Research and Consulting at GSMAi – and Jean Lawrence, Vice President of Marketing and Communications, Cloud and Network Services at Nokia.Thani Al Malki said: “We were excited to join this webinar and share insights into our experience at FIFA World Cup Qatar 2022™. For us, the event itself was a showcase of how powerful the network is, of the power of 5G, and for what it can bring for consumers; and the webinar was an opportunity for us to look at how we’re going to apply what we’ve learnt from this experience in future events, and share our learnings with the industry.”The webinar participants discussed the phenomenal data traffic witnessed at the tournament, and examined the role of 5G in managing this traffic to ensure a seamless experience for fans.Tim Hatt said: “This event was a really interesting case study for what 5G can do, with the highest grossing data traffic of all time for sports. This was the first World Cup where 5G was installed to be the baseline communications infrastructure; it was a key test for how 5G would perform, and 5G absolutely passed that and then some. The building blocks were there, but this World Cup took it to a whole new level. Ooredoo and Nokia have shown a really good template of how to do such an event on a really big scale.”With the report documenting the phenomenal network performance seen at FIFA World Cup Qatar 2022™, Jean Lawrence highlighted the role Nokia’s partnership with Ooredoo played in the event. She said: “We worked with Ooredoo for years in advance to lay the groundwork with our cloud-native core, and tested it extensively. Under extreme strain, the network performed very well; we saw page load times of under two seconds, video start times of under two seconConsumer behaviour and perception was also a topic on the table. With Tim Hatt noting that a majority of consumers around the world still see 5G as merely a speed upgrade, and not yet as a driver of fundamental new possibilities, the panellists discussed how the World Cup acted as an ideal example of just what is possible with 5G, and what will be possible in the future; a factor all agreed was a crucial element in increasing uptake of the technology. Examples noted in the GSMAi report include super-high-definition video and AR-type applications in live sporting venues, and fans accessing apps for real-time analytics and player information.Looking to the future, the webinar panellists were in agreement that FIFA World Cup Qatar 2022™ has indeed set a benchmark for future 5G-enabled events, and that possibilities at such events will be endless: tickets with holograms; all kinds of futuristic video and audio technologies; vastly enhanced connected stadiums; augmented reality enhancing key moments such as penalty shoot-outs.Thani Al Malki concluded: “As we move towards the next World Cup in 2026 in the USA, I think we will see a lot more technology involved, and in a very experiential way. We might even predict, using analytics and AI, the outcomes of the games before match day!”

IT leaders call generative AI a ‘game changer’ but seek progress on ethics

A new survey of more than 500 senior IT leaders reveals that a majority (67%) are prioritizing generative AI for their business within the next 18 months, with one-third (33%) naming it as a top priority.Despite the interest, most IT leaders have technical and ethical concerns with the technology that could impact its adoption in the coming year.The data highlights the potential of generative AI, and shows what IT leaders will need to prime their tech infrastructure, data strategy, security and ethical guidelines, and employee skills necessary for the massive opportunities ahead.Many senior IT leaders see generative AI as a ‘game changer’ and a tool to better serve customersThe majority of senior IT leaders (57%) believe generative AI is a ‘game changer.’ They believe the technology has the potential to help them better serve their customers, take advantage of data, and operate more efficiently. This outlook is echoed even among the skeptics — 80% of those who say the technology is ‘over-hyped’ agree that generative AI will help them better serve their customers.Ethical, operational concerns draw skepticism Thirty-three percent of those surveyed feel that generative AI is ‘over-hyped,’ with concerns that the technology brings the potential for security risks (79%) and bias (73%).Concerns extend beyond just those who feel the technology is ‘over-hyped’ — a majority of the 515 IT leaders surveyed are skeptical about the ethical implications of generative AI. Almost six in 10 (59%) believe generative AI outputs are inaccurate and almost two-thirds (63%) agree there is bias in generative AI outputs (e.g. misinformation and hate speech). In addition, 71% agree generative AI would increase their carbon footprint through increased IT energy use.Security risks, integration, and siloed data are top barriers to generative AI implementationBusinesses aren’t yet prepared for successful implementation: 65% of senior IT leaders can’t justify the implementation of generative AI at the moment. Surveyed leaders report major barriers to using generative AI successfully within their organization, and security barriers are particularly top of mind among those currently using the technology.Because of these barriers, nearly all respondents (99%) believe their business must take measures to equip themselves to successfully leverage the technology.Collaboration can address generative AI’s technical and ethical concernsEthical use must underpin the use of generative AI. But despite raising ethical and security concerns, leaders aren’t yet sure how to put ethics into practice — about one-third (30%) of businesses believe they must have ethical use guidelines to successfully implement generative AI within their business.The responsibility is on businesses to work together and knowledge-share to make generative AI a reality across the enterprise. Leaders see collaboration as a key tool to ensure the technology is functional and used in an ethical way.The majority (81%) of senior IT leaders believe generative AI should combine public and private data sources.Most (82%) senior IT leaders think businesses should work together to improve the functionality of generative AI technology.Over 8 in 10 (83%) senior IT leaders think businesses must work together to ensure generative AI is used ethically.“Generative AI represents a step change in how organizations across industries will analyze data, automate processes, and empower sales, service, marketing, and commerce professionals to grow customer relationships — but it comes with new risks and challenges,” said Clara Shih, CEO of Service Cloud, Salesforce.

Shaping the future of learning: BIBF Bahrain's educational institute on the meta

The Bahrain Institute of Banking and Finance (BIBF) recently announced the launch of its campus on the metaverse. This digital platform will provide a comprehensive and immersive learning experience for students and professionals in the financial and business sectors. Additionally, it will serve as a "holistic platform" where students, faculty, and alumni can collaborate, generate new ideas, and foster innovation. This initiative was fully designed and developed by Bahraini talents, making the BIBF the first educational institute in Bahrain to launch its campus on the metaverse.The launch of the BIBF Metaverse will occur in two phases, with the first phase – currently implemented - focusing on establishing the BIBF infrastructure along with certain facilities, whereas the second phase will launch the auditorium and classrooms where live sessions will be conducted.The BIBF Metaverse is a virtual representation of the BIBF building that allows users to interact with each other in a simulated environment. Users can attend events, collaborate on projects, and participate in interactive learning activities, including videos and tutorials. The metaverse offers immersive learning spaces, AR capabilities, and digital media labs for students of different degrees and certificates. It is also a networking and professional development tool that allows users to connect with peers and industry experts, attend virtual conferences and events, and acquire skills for success in the banking and finance industry.On this occasion, the BIBF’s Director, Dr. Ahmed Al Shaikh, stated that the launch of the BIBF Metaverse reflects the institute's commitment to innovation and excellence in education. “By leveraging the latest technology, the BIBF is providing students and professionals with a cutting-edge learning experience that will prepare them for the challenges and opportunities of the future.” He added.Dr. Al Shaikh also mentioned, “Learning through technology is a key part of the BIBF’s vision, with a clear focus on using both VR and the metaverse to strengthen and diversify education and training through relational and immersive experiences. The technology will engage students in a new and unique form, providing an opportunity to access live, virtual classrooms with other students from across the world.”On his part, the BIBF’s Chief Operations Officer, Mr. Ahmed Naeemi stated, "The launch of the BIBF Metaverse is a significant milestone for the business sector in Bahrain. We believe that this innovative platform will revolutionise the way we teach and learn in the business industry, particularly in the banking and finance fields."“I strongly believe that interaction plays a vital role in the learning process. The way you engage with fellow students can greatly enhance your learning outcomes. While video conferencing tools may provide a 2D screen experience, leveraging virtual reality can create a more immersive sense of presence, making it feel as though you are physically present.” Mr. Naeemi concluded.

Collaboration, integration dominate debate at retail leaders circle MENA summit

The Ninth Retail Leaders Circle MENA Summit has concluded two days of open debate around how the sector can best meet the evolving needs of the region’s consumers and develop for the future.Saudi Payments and Cenomi Group were strategic partners for the event. TikTok, Chahoub Group and Channels by stc were platinum partners.The tone for the event was set by opening keynote speaker, H.E. Eng. Ammar Nagadi Vice Minister of Economy & Planning who laid out the Ministry’s strategic priorities for the sector. Laying out the Ministry’s plan for growth, modernization and optimization, the Vice Minister said, “Our aim is to lead in the sector. To help shape the future of retail by harnessing the enormous potential of merging technologies and the retail metaverse. To transform Saudi into a regional hub for e-commerce, delivering on the promise of the digital ecosystem through state-of-the-art logistics.”Conversations on the first day focused on how the retail sector can best integrate technologies, including immersive capabilities like augmented reality, into their business models. Panels also considered the role of retail in other growth areas of the economy, including tourism, entertainment and new lifestyle destinations.The closing session was an unprecedented roundtable involving the leaders of some of the region’s largest retail groups.Patrick Chalhoub, Group President of the Chalhoub Group; John Hadden, CEO of the Alshaya Group; Renuka Jagtiani, Chairwoman of the Landmark Group and Mohamad Mourad, managing director and CEO of Cenomi Group came together to discuss how the sector might collaborate internally and with government to drive positive change.The second day turned to the impact on retail of other sectors such as tourism and emerging lifestyle destinations. Speakers also addressed the changing dynamics and increasing capabilities of the payments markets, as cash transactions fall below 50 percent of total retail spend. Also on the agenda was the growing Saudi fashion sector and the emergence of exciting home-grown brands.The event included an interactive hybrid hall where partners including Cenomi Group, Saud Payments, Visa, TikTok, Snap and the 100 Saudi Brands Initiative, among others showcased their latest technologies and plans for the region.“The Ninth Retail Leaders Circle MENA Summit has been an enormous success, bringing together the sector leaders and industry pioneers and emphasizing the centrality of the Saudi Arabian market to the regional retail ecosystem,” said Panos Linardos, Chairman of the Retail Leaders Circle. “The level of attendance and the quality of the conversation was extraordinary. The Retail Leaders Circle remains passionate about facilitating ongoing engagement and strategic collaboration to drive positive change in this vital sector.”

OSN expands multi-year deal with Warner Bros. Discovery for MENA

OSN, the regional entertainment company for premium content, announced that it has extended and expanded its partnership with Warner Bros. Discovery with multiple components, including an exclusive licensing agreement with HBO, cementing OSN as the only home for HBO programming across the MENA region.The multi-year licensing deal extends OSN’s rights to broadcast and stream content from HBO exclusively on OSNtv and OSN+, strengthening its market leading position with its unbeatable range of programming and best-in-class entertainment. As part of the deal, OSN will continue to release HBO series in the MENA region at the same time as US premieres and secures its rights for new seasons of ongoing series for the duration of the term.“OSN is, and will continue to be the only place for HBO content in the region and we are excited to expand on this long-term partnership with the studio and Warner Bros Discovery.” said Joe Kawkabani, CEO at OSN. “On the back of successes such as House of the Dragon and The Last of Us, alongside a range of other exclusive and premium series, it is clear that HBO is a leader in first-class experiences, and we look forward to delivering these and other content pieces that have secured OSN as a leading choice of platform in the region.”    The partnership also includes the extension of the distribution of Discovery Channels: Discovery, TLC, ID and Discovery Science and signifies renewed ties with Warner Bros Studios, giving OSN access to recent hits such as The Batman, Dune, The Matrix Resurrections, The Suicide Squad and more. In addition to OSN Showcase, its existing channel for brand new HBO content, OSNtv will launch a new channel dedicated to classic HBO series, including The Wire, The Sopranos and Sex And The City, showcasing the full breadth of library that the studio has to offer. Furthermore, the channels will carry the much-loved American sitcom, FRIENDS and Big Bang Theory, in addition to CNN International. In 2024, OSN will expand its kids offering with the addition of Cartoon Network channels and programming across its platforms.Jamie Cooke, GM CEE, Middle East & Turkey of Warner Bros. Discovery, said: “We’re excited to expand our partnership with our highly valued partner OSN. As Warner Bros. Discovery, we have a wide variety of content to offer and we’re delighted that we can now offer OSN’s viewers the possibility to enjoy even more of their favourite shows. No matter if it’s the newest season of Succession, their favourite episode of FRIENDS, the hit movie Dune or the newest season of Gold Rush, there is something for everyone to watch, whenever they want.”

FinaMaze appoints Industry Leader Grant Niven as New Board Advisor

 FinaMaze has announced the appointment of Grant Niven to its Advisory Board, effective February 2023.The ADGM-based innovative digital wealth management firm made the announcement in pursuant to progress in its growth and sustainability, as it continues to provide cutting-edge financial investment services within the Fintech space. Originally from Scotland, UK, Grant has worked in several executive roles over the last 24 years spanning the technology, consulting and financial services industry, in both Europe and the Middle East. Prior to recently founding Mingzulu, a strategy & venture funding advisory, focused on the Financial Sector, (including Fintechs), Grant held a role as Head of Group Digital at Banque Saudi Fransi, (BSF), HQ in Riyadh, KSA; where he was accountable for defining and executing the Bank-wide digital vision and strategic initiatives across the organisation.Among other significant roles, he previously held a partner position within EY Middle East & North Africa (MENA)  where he led the Technology Advisory practice for the financial services sector across the region.Grant is a regular public speaker and prominent voice at leading events across the region on the topics of digital banking and ventures, Fintech, Open Finance and adoption of disruptive technologies in the financial services sector.With his rich experience, he is clearly a great addition and good fit for the FinaMaze Advisory Board; as the firm has carved a niche for itself since 2020 as an innovative digital wealth management establishment working to push beyond the limits of what has traditionally been known to be ‘possible’ in Personalised Asset Management.Speaking on his latest role at FinaMaze, Grant said: “Delighted to support the next chapter of growth for FinaMaze leadership, shareholders and end customers. Mehdi Fichtali (CEO) and the wider board's vision and ambition to transform wealth management has really caught my attention and impressed myself and fellow Mingzulu team with what has been achieved to date. We are really looking forward to supporting the next chapter of innovation in the Wealth & Asset Management sector and honored to work in partnership with Mehdi and his team to accelerate their strategy & growth plans. The industry is ripe for disruption and FinaMaze has the smarts, people with deep wealth advisory expertise, combined with leading technologies such as Artificial Intelligence (AI) to make not only a huge regional impact - but internationally on a global stage ”.Mehdi Fichtali is the CEO of FinaMaze, and this is what he has to say about Grant’s appointment to the Advisory Board:“We are absolutely thrilled to welcome Grant to our Advisory Board! With his extensive experience spanning over two decades at the forefront of the intersection between technology and banking, Grant brings an unparalleled wealth of knowledge to our team. As an ex-partner at one of the top four consulting firms and a former Head of Digital at a major Saudi banking group, Grant is not only a strategic thinker but also an execution guru in the digital banking space. We are confident that his expertise will prove invaluable in guiding us through the ever-evolving landscape of the financial industry, particularly in the Wealth and Asset Management space for banks in the region. We can't wait to see the amazing things we'll achieve together with Grant on board!”In his market projection for 2023 made during the last episode of “Light in the Markets Maze” – a webinar hosted by FinaMaze; Mehdi mentioned it likely being an eventful year for investing looking at the emerging trends that favour personalised asset management rather than an overall passive investment.FinaMaze has over the years introduced and actively managed both long and short personalised Smartfolios that have offered various protection options.It is expected that the firm will make a number of key appointments in line with its vision, and these would be announced within the course of the year.

Du appoints Hanan Ahmad as its first Emirati woman CXO

du, from Emirates Integrated Telecommunication Company (EITC), announced today the appointment of it first Emirati woman CXO on the sidelines of International Women’s Day. Hanan Ahmad will now serve as the company’s new Chief Regulatory Affairs and Risk Officer. Hanan is a long serving du executive with a rich experience in the technology sector, as well strong corporate knowledge in the public sector. Her new role signifies du’s dedication to developing Emirati human capital, in line with its commitment to contributing to the UAE's goal for a knowledge-based economy.Fahad Al Hassawi, CEO, du said: “As we look ahead to broaden our impact on the UAE's ICT sector, it’s critical that our leadership strategy enables our Emiratisation agenda. Hanan has earned her reputation as one of du’s leading team members and we are thrilled to have her as Chief Regulatory Affairs and Risk Officer. With her extensive experience and expertise, we are confident that she will be instrumental in driving our regulatory and risk management efforts, while also supporting our commitment to increasing the participation of UAE nationals in the ICT industry.”In celebration of International Women’s Day, du embraces equity and continues to support talent by assisting in their development and growth as part of its leadership strategy. du is focused on developing and offering jobs for UAE National women. This can be seen in du’s Fujairah Call Centre, where du is the first telco to have a call centre managed by 100% Emirati women. Today, Emirati employees form 40.3% of the total workforce, with 50% being Emirati women across the organisation. The digital-first telco continues to invest in empowering the next wave of women leaders as they continue on the journey to becoming the employer of choice for emerging national talent.

Shammas Kalladath bags 'marketer award' at Asia Fame Awards Dubai

 Vybinex Marketing Services, a leading digital marketing agency based in Dubai, is proud to announce that its founder, Mr. Shammas Kalladath, has won the prestigious "Leading Marketer Award" at Asia Fame Awards 2022 in Dubai. The award is a testament to Mr. Shammas's dedication to excellence and his exceptional contribution to the industry. Mr. Shammas's achievement is a result of his agency's success in creating 100 successful campaigns for clients. Vybinex's team of experts excels in various areas of digital marketing, including social media advertising, SEO, Google Ads, influencer marketing, commercial videography, and commercial photography. The agency uses the best tools available to audit and deliver beyond client expectations, providing high ROI and ROAS.Vybinex's expertise in digital marketing is evident in the success it has achieved for its clients. One such example is the ecommerce client that approached Vybinex for help in improving their site traffic. The agency made strategic changes in the client's digital marketing strategy, using display ads, strategically constructed blogs, and search campaigns. As a result, the ecommerce client's website saw a 23% increase in organic traffic and an ROI of over 400%.Vybinex Marketing Services is committed to delivering innovative and effective digital marketing solutions that help clients achieve their business goals. The agency's team of experts is dedicated to staying up-to-date with the latest trends and technologies to ensure that clients receive the best possible results.In response to winning the "Leading Marketer Award," Mr. Kalladath said, "I am humbled and honored to receive this award. It is a testament to the hard work and dedication of our team at Vybinex. We will continue to strive for excellence and provide our clients with the best possible digital marketing solutions."Vybinex Marketing Services has established itself as a trusted partner for businesses in Dubai and beyond. With its exceptional track record of delivering results, the agency is poised for continued success in the years ahead.

Network International announces Dounia Saidi as Group Chief Marketing Officer

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced the appointment of Dounia Saidi as Group Chief Marketing Officer to strengthen its marketing wing. In her new role at Network, Dounia will be responsible for driving the marketing strategy for the group with a focus on brand management and the group product marketing strategy. She will lead the management and optimization of the group’s branding, public relations, communications, and events.Dounia brings over 24 years’ experience including leadership roles in business development, relationship management, and product development across leading financial services and payment solutions providers. Previously serving as Network’s Acting General Manager – Vice President for GCC and taking on various key customer-facing roles since joining Network, Dounia steps into her new leadership role with invaluable insight into the needs of banks, fintechs, and merchants across the MEA region.Nandan Mer, Group Chief Executive Officer at Network International, commented, “Dounia brings with her a wealth of proven expertise ranging from brand development to revenue generation, playing a pivotal role in positioning Network as a leading payments enabler. We are certain she will have an instrumental role in achieving the group’s ambition to become the largest, fastest growing, and most innovative payments enabler in the Middle East and Africa.”Dounia Saidi, Group Chief Marketing Officer at Network International, added, “I am excited to be stepping into the next phase of my journey with the MEA region’s most prominent payments enabler, and absolutely thrilled to be spearheading Marketing strategy for the group. With our best-in-class services, our aim is to position Network as a transformational payments powerhouse with the capacity to leverage immense opportunity across the digital payments space in growing and emerging markets.”

This Ramadan reconnect with your customers through retention marketing

Authored by: Gagan Uppal, Country Head - MENA, Xapads MediaEvery brand wants to hold onto consumers to win their trust and loyalty to develop a connection with it since the competition in the marketplaces intensifies brand owners because of increasing pressure to attract and retain customers. And there is no doubt in saying that, many brands also focus much on acquiring new customers but, I believe that the key to long-term success lies in retaining existing customers. Moreover, this is a constant concern for every advertiser because nobody would like his consumer to be a brand switcher wherein, Retention Marketing comes into the picture. A powerful retention strategy in place can really make a difference both in the brand presence and ROAS since it concentrates on engaging and nurturing long-term relationships with existing customers.Retention is one of the most critical aspects for the growth of any business since it's actually a blend of user satisfaction with the offerings of a brand which turns into user loyalty. Though brands focus on acquisition, I would like to say that they must simultaneously focus on retention as well in the early stages of campaign execution because doing so will reduce the chances of churn. This is because, if a user feels satisfied, valuable and gets catered with a better experience while trying and testing the goods/services of any brand, the possibility of returning to it get higher. Reports also say that loyal users are 5x as likely to repurchase as they become pretty aware of the brand’s offerings and USPs and often return to it to know what more it has in store (source: Microsoft). Therefore, in my opinion, holding onto the already existing user base is better as they are a huge asset for any brand and in fact, as Ramadan is around the corner, Retention Marketing can be a compelling factor for the brand’s growth and better ROAS as well. Let’s discuss the importance of retention in depth and how it does wonders for businesses. In my opinion, a customer's purchase or desired action doesn't mark the end of a sale. Instead, it's beneficial to offer related additional products through timely upselling or cross-selling based on the customer's past behaviors with the brand. By doing so, the brand can create effective recall and notify customers of suitable offerings during the upcoming festive season. Upselling, cross-selling and following up with users not only retain them but also enhance the value of their current purchase.However, sometimes a user stops using the app, resulting in churn which isn’t good for any business and to avoid this, Retention Marketing comes as a saviour. To prevent churn and grip the users’ interest in your brand, personalization coupled with automated product recommendations can do wonders for brand presence and recognition. When a user is catered with personalized offerings, he rarely switches brands in search of products that meet his expectations.I'd also like to point out that Retention complements Engagement because they have a direct and positive relationship. They both go hand in hand since user retention leads to repurchases and frequent repetitions of desired actions result in increasing user engagement rates. When a user gets the best of his needs and wants, he starts trusting the brand that drives quality engagement and often seeks to know more. This also helps marketers in analyzing their likes and dislikes and improvises user journey for a better experience and more tremendous impact. Retention Marketing not only enhances the existing and loyal user base, but also keeps them engaged by frequently executing storytelling campaigns that incorporate innovative tactics such as Rich Media Ads, Gamification, Rewards, Exclusive Deals and Discounts, and much more. Such aspects when incorporated into a campaign execution encourage users to spend some time on it even if they have been lapsed or inactive too. When existing users and inactive users also return to the brand, the user base starts enhancing which helps brands outperform their competitors and enable users to choose your brand over others. It is accurate to state that retention marketing plays a vital role in establishing long-term relationships with customers, boosting customer lifetime value, and facilitating the growth of a sustainable business.

We have 50% of leadership team driven by women; it’s a big example to many

Harsha Oberoi, Associate Director - Digital Marketing, Pivotroots.  speaks to BF FIROS, Associate Editor, AdgullyThe key to becoming a unicorn talent in the digital marketing industry is to be knowledgeable, adaptable, and always willing to learn and grow, says Harsha As the world celebrates Women's Day today, Harsha speaks to about the challenges as a woman leader, important digital marketing skills, the future of digital marketing, the challenging project she has worked on, the way she stays up-to-date with the latest trends, and gender-based stereotypes. In today's digital age, says Harsha, the demand for full-stack digital marketers is on the rise. “With businesses competing in a highly saturated market, finding individuals who can wear multiple hats and possess a diverse set of skills has become crucial for success. To stand out in the industry, it is important to do your research, stay informed on industry news, and continuously develop your skills,” she adds. Excerpts from the interview:As a successful woman in the digital marketing industry, what advice do you have for aspiring women in the UAE looking to advance in their careers?In today's digital age, the demand for full-stack digital marketers is on the rise. With businesses competing in a highly saturated market, finding individuals who can wear multiple hats and possess a diverse set of skills has become crucial for success. To stand out in the industry, it is important to do your research, stay informed on industry news, and continuously develop your skills.One way to stay ahead of the curve is by investing in your learning curve, continuously developing your skills can give you a competitive edge in the job market. Additionally, taking the initiative to be proactive can also set you apart from other candidates. This can mean taking on side projects or seeking out new opportunities for growth and development.All in all, the key to becoming a unicorn talent in the digital marketing industry is to be knowledgeable, adaptable, and always willing to learn and grow. By staying on top of industry trends and continuously developing your skills, you can position yourself as a valuable asset to any business.Can you share with us a challenging project you worked on, and how you overcame obstacles, if any, you faced during the process?Sure. Although each business comes with its own challenges, one of the cases to remember was with a well-known global credit card player in the market. The key challenge was to reach the right audience for their range of cards offered and reduce the overlaps between these audiences while increasing credit card purchases in the region.We initiated our go-to-market strategy with market penetration and growth opportunities; we tapped into the audience understanding and micro-segmentation for each product offered within the target market.Prioritization of the market and audience was the first step. This was further enhanced with competition analysis and seasonality uplift at the granular level. The change in audience mix based on trends and seasonality was the highlight, and the communication was also tailored to increase sales.To avoid any potential spillage, the planning details were meticulous. The results were astounding, with a 60% increase in brand SOV and a 50% increase in conversions. We followed a comprehensive and continuous research-insight-plan approach with a full-stack team structure as a process, but we were also ready for the agility to bring in the effectiveness from trends.How do you stay up-to-date with the latest trends and changes in the digital marketing landscape, and how do you incorporate these insights into your work?Staying up-to-date with the latest trends and industry landscape is the key to growth in the ever-evolving digital marketing industry. Being a regular at reading industry news, use cases and knowing the beta products of the marketing industry with their possible outcomes across the globe definitely gives you an upper hand.A good strategy is to thoroughly understand the company and its objectives before developing strategic business development plans that incorporate the most relevant industry trends, leading to result-driven campaigns. Not every new trend would be a good match and you will have to make hard choices at times.I strongly recommend a B-I-T-E approach for most of my clients. BITE stands for laying down your core Business KPIs to build Insight-driven strategy further bringing in well-researched Trend-fits and finally driving Effective Planning. At the same time, regular discussions and brainstorming with your marketing and data teams are equally important and helpful in checking on any blind spots. Regularly check-in your brand uplifts, audience mix change, and media landscape change for positive outcomes.What do you believe are some of the most important skills for a digital marketer to have, and how have you developed and honed these skills over your career?Honestly, as a digital marketer, you play many roles and each of them are actually markedly different from one another. While the list is long, personally, I believe in five key skills:  a. staying on top of your campaign's data and insights,b. paying close attention to details,c. having a firm grasp of the business, market, and competitors,d. being open to seeking input from others to identify any blind spotse. striving for growth and learning.In my career, I have shouldered different responsibilities for different businesses, and it was in my early years that I started picking up these skills. Thanks to the diverse clientele base and the exposure that PivotRoots has been able to provide, I have grown and am able to function strongly with these skill-sets to deliver a difference and bring positive growth to the businesses I have worked with.Adapt, unlearn, learn, and grow is the mantra!How do you ensure that your team remains motivated and engaged in their work, and what steps do you take to foster a positive and collaborative team culture?To be honest, it is equally essential to work as a team player while being a leader. This helps motivate your team by bringing in the feeling of belongingness and being heard. Providing them with the opportunity to speak up, share their opinions, and work in a team environment where there is collaboration is essential.As an effective step, I have always encouraged giving co-workers and team members room to work. Appreciations and healthy discussions boost their engagements in their day-to-day work. Besides, a healthy encouragement to push them for a balanced work-life has their heart in what they do. As a good leader though, one must have their decisions backed by clear logic while delivering thoughtful criticism when necessary, and being open-minded is very important.What do you see as the future of digital marketing, especially in the UAE, and how do you believe marketers can prepare for and adapt to these changes?Digital marketing as an industry is growing exponentially across the globe, and the UAE is no different. It is a visionary acceleration that all marketers are witnessing today in the industry within the country. The pandemic has strongly accelerated the growth of the digital ecosystem, and the industry is set to mark new records with digital investments taking about 70% of the share by 2026, with total marketing spends and growth CAGR of about 30% in the next five years.Mobile will account for roughly 90% of SOV, with audience expectations constantly changing. Marketers will need to up their game as they are now competing with the last best experience their user has had and not just another business or a product or service. Tech innovations will drive effective results and planning, and marketers must be able to apply and scale innovations to boost their business growth.Have you faced any challenges as a woman leader in an otherwise male-dominated domain? If so, how have you overcome these challenges?Honestly, it has always been comparatively harder for women to gain their seat at the table. It truly depends on the organisation, and there are still a few stereotypical companies out there, staffed by women but the leadership is always led by men at the top management positions. However, the times are changing, and we are seeing more women in positions of power. The change is visible, especially in young and dynamic companies.Luckily, as part of PivotRoots, a highly dynamic and young company that truly believes in women's growth and leadership and values their experience, thoughts, and capabilities, workplace stereotypes are something that I haven't come across. We have 50% of our leadership team driven by women, and I believe this in itself is a big example to many companies out there!Despite all the hype about gender-neutrality, gender-based stereotypes are deeply ingrained in societies transcending geographical boundaries. How pervasive such stereotypes are in the media industry? How do you think such stereotypes can be dealt with?Well, there are still gender stereotypes at play in many workplaces, primarily promoting men's growth in taking the lead while women are only allowed to take care of the team and remain a team player. This puts women in a difficult position.Moreover, men generally don’t get the struggle that women go through at times in order to be successful in business and life. Companies need to staff capable and prepared women and have faith in their talent. Offering equal pay and benefits and growth opportunities is surely weaving the way for organisational growth in the coming days. While professional women need to have each other’s backs, be cognizant of our interactions with each other, and allow our greatness to shine. After all – Together We Are Stronger.

Abu Dhabi Cycling Club gives a boost to sports tourism in the Emirate

The Abu Dhabi Cycling Club recently announced the launch of an initiative to attract sports tourists, particularly cyclists and their families from all over the world. The aim is to strengthen the position of the Emirate of Abu Dhabi as a global tourism destination for bicycles, especially after obtaining the title “Bike City” label from the Union Cycliste Internationale (UCI).The Abu Dhabi Cycling Club signed a memorandum of understanding with Wilver, a leading European company in the field of sports tourism, specializing in the field of bicycles, to provide tour packages and programs to attract athletes and world champions from different countries of the world to the UAE. This is in line with Abu Dhabi’s vision of introducing advanced sports tracks and facilities, as well as tourist, entertainment and hospitality places, and consolidates the club’s efforts to encourage sports tourism.His Excellency Matar Suhail Al-Yabhouni, Chairman of the Board of Directors of the Abu Dhabi Cycling Club, said that sport has turned into industry and commerce and entered the world of the economy. Sports events and tournaments have become festivals and events in which there is entertainment and fun that attracts fans. The concept of “sports tourism” is a real wealth in many countries that have invested in sports and enabled their economy to attract visitors to their stadiums, tournaments and recreational sports events.He added that the agreement stems from the keenness of the club and the Abu Dhabi Sports Council to attract athletes and fans of cycling and their families, thus contributing to stimulating tourism, as well as introducing the aesthetics of the cities that host these events.Al-Nakhira Al-Khaili, Executive Director of the Abu Dhabi Cycling Club, added: “Our wise leadership is aware of the importance of sport and its pivotal role in public health and bringing people together. This is the culmination of a clear strategy for the position we aspire to reach.“Today, we are proud of the sports facilities and landmarks that were built according to the highest international standards, for example, the paths and tracks, whether flat or mountainous, which are among the best in the world in terms of their conformity with all specifications of security and safety, in addition to passing through different tourist sites and areas. It contributes to introducing cyclists to the urban development that the country has reached.”Talal Al Hashemi, Executive Director of the Sports Development Sector at the Abu Dhabi Sports Council, appreciated the interest of the Abu Dhabi Cycling Club and the Wilver company in signing the memorandum, which will contribute to the development and strengthening of efforts to support the sports tourism fields in the country, stressing that he is the confident that the two parties will harness all their capabilities.He said: “The Abu Dhabi Cycling Club is a national sports institution that aims to support the needs of national development and encourages all members of society to practice sports for its important role in promoting community health.”Wilfer World Cycling are delighted to partner with Abu Dhabi Cycling Club and offer their members world class cycling holidays in Europe and beyond. Wilfer has been a reputation as one of the worlds leading cycling tour operators. They offer a wide range of safe cycling experiences from the elite to the beginner. They are also looking forward to creating handcrafted cycling tours in the UAE to inspire cyclist from all around the world to experience the best of the UAE.CEO Wilfer Clive Marshall: ‘I have been travelling to the UAE for over decade, in this time I have seen the growth and passion for cycling increase year on year. Abu Dhabi Cycling Club is at the very heart of this development. I have long admired it’s vision and leadership. It is a honour for us to partner with the club and I know it’s members will benefit from our staffs expertise and attention to detail’.‘The world is a big place and in today’s society we are all so busy. Time is precious. Holiday time has never been more needed as has the importance of staying active. Cycling holidays designed perfectly give you a balance of being active, exploring a country and also recharging the batteries’.‘Abu Dhabi and the UAE ARE world class cycling destinations. The quality of the roads are without equal, the weather fabulous and hospitality and cuisine superb. We are excited to create cycling experiences for our clients in the UAE. The real essence of any country not least the UAE is best discovered on two wheels’.

Jumia appoints Hisham ElGabry new CEO for Jumia Egypt

Cairo, Egypt: Jumia, the leading ecommerce platform in Egypt and Africa, has announced the appointment of Hisham ElGabry as the company’s new CEO in Egypt to take charge of the company’s business leadership in the country.ElGabry has been leading the company’s commercial team as Jumia Egypt’s Chief Commercial Office (CCO) since 2022.“I am proud to lead Jumia’s team in the Egyptian market through the upcoming stage. And I am honored to be part of Jumia’s continued success in the Egyptian market. E-commerce is growing very fast and Jumia Egypt will continue focusing on its unique strength points, most notably: striving for customer satisfaction, providing easy and safe payment methods, a strong partnership with local and international brands, banking services providers, as well as logistics partners. Most importantly, I am proud to be working with the Jumia Egypt talented team, in whom I have infinite confidence that we will together achieve our goals for the coming period” said, Hisham ElGabry, after his appointment as Jumia Egypt’s CEO.ElGabry carries 17 years of experience in the ecommerce and communication fields. Before joining Jumia, he was part of Amazon EU where he held several leadership positions including leading the UK fashion marketplace. Prior to that, Hisham has also worked with Vodafone Group, managing global relationships with Apple and Samsung across 17 countries.Jumia Egypt - The leading ecommerce platform - was ranked as one of the top 10 influential brands and the number one retail e-commerce platform in Egypt by Ipsos in 2021 and 2022. More than 1,000 employees are part of Jumia Egypt, and the online marketplace connects hundreds of thousands customers to more than 7,000 local vendors.

KSA leads groundbreaking autonomous vehicle innovation, says Arthur D. Little

Autonomous mobility led the new transport hype in the last decade, but it appears to have suffered from both internal limitations and external issues in recent years. The lasting global semiconductor chip shortage and greater supply crisis have also shifted automaker attention towards the installation of more critical functions in their vehicles. While the technology exists and has proven to be functional both in testing grounds and in real life conditions, the lack of suitable infrastructure and unoptimized cost structures, seem to have deterred innovation-driven use cases. Arthur D. Little (ADL), the leading management consultancy firm with the longest-standing presence in the Middle East region, elaborates on this and many other findings in their new Autonomous Mobility Journal, the series’ fourth edition. The journal comprises exclusive coverage of the latest autonomous mobility developments in the world, including KSA, shedding light on industry dynamics, prominent use cases, and the importance for smart mobility solution providers and governments to meet sustainability goals by 2030.“Following a lot of anticipation over the potential of autonomous vehicles over the last decade, promising silver linings are starting to appear. While autonomous mobility is still not accessible or even available to most users on the roads globally, companies operating in this space have continued their work in the background to advance the technology. Additionally, the growth of other mobility-related technologies and use cases are expected to pave the way and facilitate the uptake of autonomous mobility,” said Antonio Semeraro, Senior Principal at Arthur D. Little Middle East.According to the International Energy Agency, electric vehicle sales reached two million units in the first quarter of 2022, representing a 75% increase compared to the same period in 2021. Compared to traditional internal combustion engines , electric vehicle hardware and software are significantly more suited to accommodate for autonomous driving features, and autonomous driving technology is more prevalent across electric vehicles than internal combustion vehicles.Developed in line with research conducted regionally and internationally, the publication details the latest innovation-led projects across the urban landscape. Examining the situation from KSA's stance, the Transport General Authority (TGA) plays a leading role in ensuring that KSA's transport sector adheres to stringent safety and quality levels, while also promoting investment and sustainable development through the strategic use of data and technology. By aligning with the Kingdom's Vision 2030 socio-economic goals, TGA is at the core of a modern and efficient transportation ecosystem that is poised for long-term success. The latter was underlined in the ‘Interview of the semester’ segment by Prof. Omaimah Bamasag, Deputy of Transport Enablement at the Transport General Authority of the Kingdom of Saudi Arabia (KSA).Prof. Omaimah Bamasag said: “Over a decade after its inception, the regulatory position of TGA in the Kingdom makes its role essential to the Kingdom’s vision. Saudi Arabia’s goals for autonomous vehicle transport are very ambitious and can be seen from the giant projects based on autonomy, such as NEOM and the Red Sea projects. These smart cities are designed to be sustainable across new transport systems for passengers and goods based entirely on autonomous mobility, such as autonomous aerial vehicles, autonomous pods and robo-taxis.”TGA is working on two tracks. The first entails promoting and adopting new transportation modes through testing and piloting, R&D, and partnering with governmental and private entities, universities, and research bodies to formulate an enabling regulatory framework for these technologies. In the second track, TGA prepares economic, social, and environmental feasibility studies through which it determines the stages of imposing certain regulations on operators and providers of public transport services and goods transport.In a nutshell, while TGA has the ability to swiftly implement regulations, it is crucial to conduct a thorough analysis of any possible effects that may arise from their implementation. This proactive approach ensures that any regulations align with the Kingdom's Vision, and ensures positive outcomes for the transport industry and society as a whole. TGA is also collaborating with the Ministry of Communications and Information Technology and the Saudi Authority for Data and Artificial Intelligence to elevate the underlying communication infrastructure’s readiness, including 5G, data privacy and security. In parallel, TGA’s Investment and Competitiveness unit looks to create investment opportunities for the private sector and to pave the way for new horizons in the local market for autonomous vehicles.Autonomous Mobility Journal details the strategic elements critical to the project, providing recommendations on how transport authorities can streamline their operational launch efforts.

The future of work is female: KSA survey respondents envision women at the helm

61% reveal their current organization has diversity, equity, and inclusion targets, however, only 15% of those claim that these have been publicly announced. Riyadh, KSA – Half of Saudi residents recently surveyed by leading management consulting firm, Kearney, see the future leader of their current organization to be a woman, with 54% highlighting that more women in leadership roles will positively impact the business. The study conducted ahead of International Women’s Day 2023 explored the sentiment around women in leadership positions, the path to progress and the challenges faced, highlighting that while there have been positive strides towards a more equitable work environment, leaders in the private sector still have work to do to pave the way for female talent.In the past five years, the Kingdom has introduced and implemented several policies and initiatives that support inclusivity and diversity aimed at facilitating women’s entry into the labor market. In 2022, female labor participation reached 37% , up from 17% in 2016, highlighting significant progress in this area. The recent study by Kearney reveals that women’s ambitions are high, with 76% stating that the opportunity to progress to top leadership positions is key for them. While 71% of the women surveyed feel they have opportunities to lead at their workplace, 81% claim it’s difficult for them to get the support they need to take on such roles. “Vision 2030 places an emphasis on the growing role of women in the national economy. The unparalleled spike in female participation in the workforce is driven by the legislations and host of national initiatives,” commented Wiam Hasanain, Director at Kearney Middle East & Africa. “The research revealed business leaders harbor unconscious biases, that affect hiring, promotion, and retainment of women. Organizations have a responsibility to rid their HR systems of such biases, enabling a competent and diverse set of leaders at the table in the future.”When questioned on how their organization supports their career development, only a quarter (25%) claimed that they receive regular training and development and 24% said they are offered opportunities for regular career reviews and/or promotions. When asked about the challenges faced, a third (33%) of women stated their workplace goals are too ambitious, 21% felt the organizational culture at their current workplace does not encourage them to lead, and 19% stated they face discrimination by their coworkers. Having a leadership team that is genuinely committed to diversity and inclusion was flagged as a key priority for 74% of respondents (both men and women), emphasizing the important role that current business leaders play in accelerating the achievement of a more diverse and equitable workplace. 61% reveal their current organization has diversity, equity, and inclusion targets, including having more women at the board level. However, only 15% of those claim that these have been publicly announced. A quarter (24%) believe the organization does not have such targets. “Currently, it is not mandated for private sector companies to publicly state their targets around having a more inclusive workforce, however, it is an important step towards instilling accountability. This will ensure that the leadership team proactively works towards hiring and nurturing female talent to provide them with the skills, tools and opportunities needed to progress, ultimately contributing to the development of the local economy in support of Vision 2030, as well as the realization the UN SDG Goal 5 of achieving gender equality and empowering all women and girls,” concluded Norah Alajaji, Manager at Kearney Middle East.

Online banking threat: More than a quarter of users in Saudi Arabia lost money

According to the Kaspersky Digital Payment survey, 26% of respondents from Saudi Arabia experienced financial losses associated with threats when using online banking and mobile wallet services. The majority of users (88%) lost up to USD $1,000 as a result of these incidents, while (12%) of the respondents reported a loss of more than USD $1,000.According to Kaspersky Security Network, more than 1.8 million financial threats were blocked in the Middle East by the company, 540,224 of them in Saudi Arabia. These attacks were aimed at stealing financial information such as credit card numbers and login credentials and usually rely on social engineering tactics to lure victimsHowever, the impact of a cyber threat targeting digital payments does not just impose a financial burden on consumers, but also affects them psychologically. For example, 53% of respondents said that they lost sleep and were very anxious about getting their money back. More than half (58%) of users reported that their trust in digital payment providers have become lesser. While 56% also stated that they became more vigilant after experiencing a cyber incident, 69% installed security solutions like an antivirus on their infected devices.A spokesperson from Lulu Exchange’s IT team, said, “Digital payments are the backbone of modern commerce, and have come to become a prime target for cyber threats. It is the responsibility of all stakeholders, including various service providers and customers, to remain vigilant and take proactive measures against security threats. From an organizational perspective, building a strong cyber governance framework is one of the surest ways to operate securely, responsibly, and ethically while safeguarding the trust of customers and stakeholders."“Since the beginning of the pandemic 64% of users in Saudi Arabia faced at least one incident when using digital payments. That’s why it’s increasingly important to know how to interact securely with any emerging technologies, including online banking and mobile wallet services. And all stakeholders, like government, digital payment providers, users and even cybersecurity companies need to come together to create a sustainable and secure payment ecosystem”, said Emad Haffar, Head of technical experts at Kaspersky.To help users in Saudi Arabia embrace digital payment technologies securely, Kaspersky experts suggest the following:Do not share your PIN, password or any other financial information with anyone online or offline.Avoid using the public Wi-Fi to make any online transactions.Use a separate credit or debit card to make online transactions. Set a spending limit on the card which can help keep a track of financial transactions.Shop from trusted and official websitesUse reliable security solution such as Kaspersky Premium on all your devices which are used for financial transactions. It helps to detect fraudulent or suspicious activity and check the security of visited websites.For developers, banks and companies involved in providing digital payment services, Kaspersky recommends:Invest in holistic cybersecurity solutions that can help detect fraud across multiple levels of online payment processes and consumer touchpoint.Complex attacks by APT groups on financial institutions are also on a rise. In-depth visibility and threat intelligence are a necessity to keep customers protected and to ensure business continuity. Using the Kaspersky Threat Intelligence service is helpful to support your IT teams in analysing and mitigating threats.Conduct cyber awareness training for employees continuously. This will help employees know the red flags to look for when an organization is under attack and to understand their role in protecting the organization.MethodologyThe Kaspersky Digital Payment survey studies our interactions with online payments. It also examines our attitudes towards them, which hold the key to understanding the factors that will further drive or stem the adoption of this technology.The study was conducted by research agency Toluna across the Middle East, Turkiye, South Africa, and Nigeria. Survey responses were gathered in 2022 with a total of 2,004 respondents surveyed across the stated countries.

Yas Island Abu Dhabi announces two exciting offers to enjoy Guns N’ Roses’ live

 Yas Island Abu Dhabi sets to delight Rock and Roll fans with a daycation and staycation package to enjoy a once-in-a-lifetime opportunity as legendary rock band Guns N’ Roses makes history at Etihad Arena on June 1. With the iconic band kick-starting their world tour live from the heart of Abu Dhabi, Yas Island is offering fans the chance to avail a daycation package which comprises a ‘Dine and Event’ bundle starting AED 1,450, and a staycation package starting AED 1,590 which includes a hotel stay at one of Yas Island’s leading hotels from May 31 to June 4, both valid for booking on Yas Island’s website until May 31, subject to availability. The packages count with a Floor Standing Ticket and young spirits under the age of 12 are excluded within the ticket category. Yas Island Abu Dhabi will be entertaining Rock and Roll fans with an unforgettable experience as Guns N’ Roses return to rock the stage at Etihad Arena in their first performance in the UAE since 2018.

Dubai International Chamber launches New Horizons Trade Mission to Central Asia

Dubai International Chamber, one of the three Chambers operating under Dubai Chamber, launched today “New Horizons”, a new initiative to drive international expansion of its members to new markets.'New Horizons' allows companies to join roadshows to gain first-hand knowledge of how to establish and do business in various select countries and priority markets.The first in a series of ‘New Horizons’ events will see a large delegation of Dubai business leaders heading to Central Asia between 14 – 21 March, 2023, to better understand and explore business opportunities in Uzbekistan, Kazakhstan and Kyrgyzstan.The delegation, headed by Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, will feature 26 Dubai-based companies representing 16 sectors. The delegates gathered today at Dubai Chambers headquarters for a pre-Trade Mission briefing, during which details of the trip, and further information on the economic outlook of the three nations was revealed.New Horizons builds on the ‘In Focus’ scheme. Both initiatives aim to assist in driving members’ international expansion while supporting Dubai’s plan toincrease the emirate’s foreign trade to AED2 trillion by 2026. One of the Chamber's key objectives is to support 100 businesses to expand globally within the next two years.'In Focus' events, held in Dubai, aim to connect Dubai businesses with public and private sector leaders of select countries to drive their interest in those regions as potential destinations for international business expansion and guide them through every stage of their international growth journey. The first In Focus event was held in December 2022 and put Central Asia market under the spotlight.Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, said: "The In Focus and New Horizon initiatives reflect our ongoing efforts to connect our members to new opportunities for business growth in priority markets worldwide. Through the events in Dubai and in the market or country in focus, we aim to encourage domestic businesses to build an international presence, while promoting Dubai as a thriving global investment hub and encouraging FDI and new partnerships from the markets we visit."Lootah added that the upcoming Trade Mission will provide the participating business leaders from Dubai with insight, information, and guidance on exporting to or investing in Central Asia. “We will soon embark on this exciting Trade Mission which includes local expert talks, pre-arranged business matching activities, networking meetings and site visits to industrial and economic zones, alongside cultural and engagement activities. New Horizons to Central Asia will enable us all to engage in focused and meaningful discussions with decision makers from the government and private sectors in Uzbekistan, Kazakhstan and Kyrgyzstan,” he added.In the three nations, the largest contributors to GDP include manufacturing, trade, transport, agriculture and construction. UAE exports to these Central Asian nations include electronics, vehicles, machinery and tobacco. Central Asia is already an important market for Dubai: in 2021, Dubai’s non-oil trade with the three countries reached US$2.4 billion.The trip offers the chance for companies in a variety of sectors to seek out trading partners and develop new bilateral trade agreements. Several opportunities exist for Dubai-based businesses in areas including agriculture, metallurgy, tourism and construction.The Trade Mission is a golden opportunity to engage with both public and private sector leaders to promote cross-border partnerships and drive mutual business growth. The eight-day roadshow takes in four cities: Tashkent, Uzbekistan; Astana and Almaty, Kazakhstan; and Bishkek in Kyrgyzstan.Dubai Chambers is committed to supporting its members to globally expand into strategic markets across the world as well as attract foreign investments and international companies – including those from Central Asia - to the emirate and enhance Dubai’s reputation as a global business and trade hub.

UAE, Saudi Arabia to lead IPO MENA markets: EFG Hermes

EFG Hermes Holding announced that it expects the UAE and Saudi Arabia to lead the Initial Public Offering (IPO) markets in the Middle East and North Africa (MENA) in 2023.‘’The IPO markets in MENA have seen strong momentum last year led by GCC countries, especially UAE and Saudi Arabia,'' stated Karim Awad, Group Chief Executive Officer of EFG Hermes Holding, on the sidelines of the 17th EFG Hermes One-on-One Conference in Dubai today, attended by senior government officials, high-profile regional business leaders, investors, and listed companies.He said that his group is working on five diverse sectoral IPOs in the GCC market which will be launched between the second and fourth quarters of the year.Headlined “Outplaying Challenges,” the conference hosted thousands of one-on-one meetings between executives representing some of the region’s most compelling prospects and regional and global institutional investors, allowing them to gain insights into key trends impacting frontier and emerging markets today to explore value-accretive investment prospects.This year’s conference, which will run until 9th March, will witness 179 companies in numerous key sectors across 29 countries hold direct meetings with over 561 institutional investors and fund managers representing 247 international institutions.Karim Awad, Group Chief Executive Officer of EFG Hermes Holding, commented, “The conference continues to act as a growth catalyst for capital market investment across FEM, opening direct communication channels between investors and the most promising listed companies. Leveraging decades of on-the-ground expertise in these markets, we provide investors with the tools, unique insights, and unfettered access they need to maximise returns — maintaining our position as a financial enabler of corporate success."He said, "This year, the UAE is also preparing to host COP 28, making it an optimal time for companies to inform the conversation on how investors can play a role in the journey toward net-zero by weaving responsible investment practices and frameworks into their financial considerations to secure a better future that guarantees sustainable development for societies, economies, and the planet.”"2022 was a year rife with macroeconomic volatility due to persistently high inflation rates, a challenging interest environment driven by Fed-supersised rate hikes, and soaring commodity prices caused by the Russia-Ukraine crisis that dampened global capital market activity and investor sentiment.“Meanwhile, the first quarter of 2023 saw a slight reversal, with a slowdown in commodity price jumps as alternative supplies came on stream and China’s reversal of economically stifling zero-COVID policies spurring investors to pour into emerging market securities at a near-record rate. The GCC in particular has demonstrated resilience against global turbulence, driven by a solid crude oil market and government initiatives that have collectively deepened the region’s capital markets,” he noted.Mohamed Ebeid, Co-CEO of the Investment Bank at EFG Hermes Holding, stated, “Since the start of the year, the MSCI EM equities index has been trading at 20 percent or more above last year’s low as emerging economies look set to grow faster than advanced ones this year, with EM GDPs expected to expand by 1.4 percentage points more than the rate in advanced economies. The GCC has, in recent months, proven to be a key investment hub for regional and global investors — a transformation we’ve been incredibly successful in capitalising on by capturing a large share of ECM and M&A deals, particularly in the UAE. As we look ahead, we are confident we can continue ramping up our equity, debt, and M&A transaction pipeline and unlock unmatched prospects for clients and investors alike."

UAE Journalists Association to organise ‘Arabic Thought and Culture Forum’

The UAE Journalists Association (UAEJA) is organising the 11th edition of the Arabic Thought and Culture Forum on 9th March, 2023, in Abu Dhabi, in cooperation with the Secretariat-General of the Alliance of Arab Thought and Culture Centres, and in coordination with the Office of the Vice President of the Board of Trustees of the Emirates Centre for Strategic Studies and Research.The announcement was made during a press conference held at the headquarters of the UAEJA in Abu Dhabi, which was attended by Mohamed Al Hammadi, President of the UAEJA, Assistant President of the Federation of Arab Journalists and Chairman of the Forum’s Organising Committee, and Fawaz Ahmed Suleiman, Member of the Board of Trustees and Secretary-General of the Alliance of Arab Thought and Culture Centres.The event is held under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, under the them ''Tolerance and Peaceful Coexistence''.Al Hammadi said that the event was organised to promote the values of tolerance, coexistence and human fraternity, which is a social responsibility, adding that the media is a key partner in promoting this culture in Arab communities.The three-session event will include several pillars that comprise the values of coexistence and tolerance in the Arab region and their impact on the future of Arab countries, the role of Arab governments in promoting tolerance and coexistence, and the impact of promoting the culture of tolerance on social and economic development.Suleiman said that the forum’s current edition would highlight the importance of the principles of human fraternity, tolerance and peaceful coexistence in building and advancing societies.The forum was held twice in the UAE and Morocco, three times in Bahrain, and once in Egypt, Saudi Arabia and Jordan, he added.

EDUBA & ChatGPT partner to revolutionize AI-powered education technology in Iraq

Eduba, a leading EdTech startup with a focus on enhancing the learning journey, announced a potential integration with ChatGPT, a state-of-the-art AI language model. This integration aims to provide students with personalized support and guidance in real-time, ultimately enhancing the overall learning experience through improved engagement, performance, and time-saving benefits.The integration would allow students to interact with a ChatGPT-powered chatbot that provides tailored recommendations based on their learning history, preferences, and needs. With natural language processing capabilities, students can ask questions and receive immediate responses in a natural language format, making the learning experience more intuitive and engaging. Additionally, ChatGPT's advanced AI technology can improve students' performance, increase engagement, and make some tasks easier for teachers, such as automated grading. Founder and CEO of Eduba, Azad Hassan, expressed excitement about this potential integration, stating that it will allow Eduba to take its mission of enriching the learning journey to the next level.This integration will also benefit educators by providing them with more accurate insights into student learning and progress through ChatGPT's natural language processing capabilities, which can analyze and interpret student responses, providing real-time feedback and insights to improve teaching effectiveness. It is important to note that the potential integration is still in the planning stages and has not been confirmed. The expected completion date for the integration is October 2023, and additional details will be provided as they become available. announces partnership with The Entertainer and Credimax, the fast growing online shopping platform, is pleased to announce its latest partnership with The Entertainer and Credimax, two well-known names in the discount and payment industries, respectively. The partnerships will allow to offer even more savings and benefits to its customers.The first partnership is with The Entertainer, a popular discount network that provides exclusive offers to its customers across a wide range of categories, including dining, leisure, and entertainment. Through this collaboration, customers who are also members of The Entertainer will now be able to enjoy a 25% discount on all purchases made on the platform."We are thrilled to partner with The Entertainer and offer our customers even more opportunities to save on their purchases," said Mr. Meliksah Topbas, founder of "This collaboration will not only benefit our customers, but also help us reach a wider audience through The Entertainer's vast network."The second partnership is with Credimax, a leading payment solution provider in the region. Under this collaboration, customers will be able to enjoy an additional 15% deduction at the check-out on top of other general discounts that the website is offering under various sale programs."We are excited to partner with Credimax to offer our customers even more value for their money," added Mr. Topbas. "This collaboration will not only enhance the shopping experience for our customers, but also streamline the payment process, making it more convenient and secure." is committed to providing its customers with the best deals and discounts in the market. The partnerships with The Entertainer and Credimax are just the latest examples of this commitment.

Kaspersky blocks 500 million phishing attempts globally

Kaspersky’s anti-phishing system prevented more than 500 million attempts at accessing fraudulent websites globally in 2022. This is twice more compared to 2021 figures. In the Middle East, 7.2% of individuals and corporate users faced phishing attempts, according to Kaspersky’s Spam and Phishing in 2022 report.CountryShare of usersQatar9.5%Bahrain9%Jordan8.5%Kuwait7.8%UAE7.5%KSA7.3%Oman6.9%Egypt6.9%Although spam and phishing attacks are not necessarily complex from a technological standpoint, they rely on sophisticated social engineering tactics, making them highly dangerous to those who are not aware of them. Fraudsters are skilled at creating phishing web pages identical to the original websites that collect private user data or encourage the transfer of money to fraudsters targeting both individuals and organizations. Kaspersky experts discovered that throughout 2022 cybercriminals increasingly turned to phishing. The company’s anti-phishing system successfully blocked 507,851,735 attempts to access fraudulent content globally in 2022, twice the number of attacks thwarted in 2021.The sphere most frequently targeted with phishing attacks was delivery services. Fraudsters send fake emails pretending to be from well-known delivery companies and claim there is an issue with a delivery. The email includes a link to a fake website, which asks for personal information or financial details. If the victim falls for the scam, they could lose their identity and banking information, which may be sold to websites on the dark web.Kaspersky experts have also highlighted a global trend in the phishing landscape of 2022: an increase in the distribution of attacks through messengers, with the majority of blocked attempts coming from WhatsApp, followed by Telegram and Viber.There is also growing demand among cybercriminals for social media credentials, with criminals exploiting people's curiosity and desire for privacy by offering fake updates and verified account status on social media platforms.An example of phishing page mimicking a social media alertMoreover, the experts found that cryptocurrency scams and the ongoing pandemic are still being used by phishing attackers to steal sensitive information from people who are afraid and worried. These scammers are taking advantage of people's fears and concerns to steal their sensitive information."Phishing is one of the most prevalent and pernicious threats in the cybersecurity landscape. Being the gateway to many of the worst cyber threats, phishing pages are the first step in a long chain of events that can result in identity theft, financial loss, and reputational damage for both individual consumers and businesses. It's crucial for everyone to understand the threat and take action to protect themselves," comments Olga Svistunova, security expert at Kaspersky.In order to avoid becoming a victim of spam or phishing-based scams, Kaspersky experts advise the following:Only open emails and click links if you are sure you can trust the senderWhen a sender is legitimate but the content of the message seems strange it is worth checking with the sender via an alternative communication channelCheck the spelling of a website’s URL if you suspect that you are faced with a phishing page. If you are, the URL may contain mistakes that are hard to spot at first glance, such as a 1 instead of I or 0 instead of OUse a proven security solution when surfing the web. Thanks to access to international threat intelligence sources, these solutions are capable of spotting and blocking spam and phishing campaigns.

Presight AI announces intention to list on ADX via Initial Public Offering

Presight AI Holding, a G42 company and a big data analytics company powered by artificial intelligence (AI), today announced its intention to carry out an Initial Public Offering (IPO) and subsequently list its shares on the Abu Dhabi Securities Exchange’s (ADX) first market.On 3rd March 2023, the UAE Securities and Commodities Authority approved the Company’s application for the IPO.Presight, a public company limited by shares, incorporated in the Abu Dhabi Global Market, supports public services and commercial businesses of all magnitudes by unlocking positive societal impact with omni analytics and AI to deliver insight-driven decision-making across every sector at scale.The Company’s solutions are deployed across three core sectors with significant potential for impact and innovative market growth; public services, finance, and sports. Presight continues accelerating into priority sectors, channelling advanced data analytics to predict environmental impact, enable efficient infrastructure use, and transform educational outcomes.The Company’s proprietary Transformative Analytics Quotient (TAQ) platform has enabled Presight to deliver unmatched digital transformation for its customers across the globe.TAQ integrates all-source data into adaptive AI algorithms to deliver actionable insights across the sectors in which Presight operates. The platform enables clients to understand historical performance effectively, forecast more accurately, and make timely decisions in the best interests of customers and the public at large.Presight has entered into a cornerstone investment agreement with International Holding Company (IHC), through which IHC has committed to invest in the planned IPO. This cornerstone investment agreement demonstrates the confidence IHC has in Presight’s growth trajectory and paves the way for further collaboration and growth opportunities regionally and globally.Mansoor Al Mansoori, Chairman of Presight, said, “Presight was initially conceived in 2020 to deliver analytics-driven, cloud-first AI-enabled solutions for public and private businesses in the Middle Eastern ecosystem. Presight’s journey has evolved rapidly since its inception. It is now positioned as the region’s leading big data analytics company powered by AI, trusted with country-level strategic mandates to drive digital transformation and innovation."Through our proprietary Transformative Analytics Quotient platform, Presight enables insight-driven decision-making to unlock positive societal impact with omni-analytics and AI.”Since its establishment, Presight has demonstrated an exceptional track record in combining big data, analytics and AI expertise to deliver solutions. The Company has successfully delivered numerous high-impact projects with business and societal value creation at the core. Presight was integral to managing the COVID-19 pandemic in the UAE and to welcoming 24 million visitors safely to Expo 2020 Dubai.Thomas Pramotedham, CEO of Presight, said, “We have delivered a strong track record of profitability, with the highest net margins amongst leading AI and cloud organizations with similar digital products and services. We are complemented by a sophisticated leadership team with deep sector expertise and highly predictable revenue streams. Through our long-term committed contracts, we are well positioned to deliver strong returns to shareholders and stakeholders throughout the business.”With TAQ at the core, powering 10 flagship solutions and more than 100 AI models, Presight supports its clients and partners to unlock positive societal change through insight-driven decision marking.