Arabian Post Staff -Dubai Abu Dhabi National Oil Company (ADNOC) has signed a 10-year agreement to supply Gujarat Energy Ltd with up to four million tonnes of liquefied natural gas, with deliveries scheduled to begin in 2028. The agreement, announced on Friday, marks the first sale of gas from the international portfolio of XRG, ADNOC’s international investment company. It is also ADNOC’s fifth LNG supply agreement with […]
Arabian Post Staff -Dubai Motorola has unveiled its Signature 27 smartphone with a $1,599 price tag, a 200-megapixel telephoto camera and a 7,000mAh battery, marking a major expansion of its conventional premium handset range. The Lenovo-owned company announced the device on Thursday, confirming that US pre-orders will open on 19 November ahead of general sales on 26 November. Its official recommended US price is $1,599.99 for a […]
By T N Ashok NEW YORK: The November 3 midterm elections have given the Democrats an extraordinary opportunity to reclaim the political initiative in Washington. But the victory carries a warning of its own: the electorate may have voted against Donald Trump, but it has not necessarily handed the Democratic Party an unconditional mandate. Its […]
The article Democrats Gearing Up For 2028 Presidential Elections To Gain Full Power appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai Oil prices climbed for a second consecutive session on Friday as attacks on commercial vessels in the Middle East revived supply concerns, even as expectations of a possible end to the war with Iran kept crude on course for a steep weekly decline. Brent futures rose 1.31% to $99.58 a barrel during early trading, having briefly crossed $100, while US West Texas Intermediate […]
Wall Street suffered a sweeping technology selloff on Thursday as fears over artificial intelligence spending and possible restrictions on data centres drove the Nasdaq Composite into correction territory. The technology-heavy index dropped 5.5 per cent to 24,315, closing nearly 12 per cent below its October peak. The S&P 500 lost 4.4 per cent to 7,353.73, its steepest daily decline since April 2025, while the Dow Jones Industrial […]
Arabian Post Staff -Dubai Dubai’s Emaar Properties has approved a cash offer to acquire the remaining shares in Emaar Development, paving the way for the subsidiary’s potential delisting from the Dubai Financial Market in a transaction worth approximately Dh11.9 billion ($3.24 billion). The board-backed proposal offers minority shareholders Dh15 per share for the 19.8387 per cent stake not already controlled by Emaar Properties and its indirectly wholly […]
By Asad Mirza The 2026 midterms became a referendum on a presidency at war. Democrats captured both chambers, turning voter anger over costs and the Iran conflict into a sweeping rebuke of Republican rule. The result strengthens the opposition’s hand, unsettles Trump’s coalition and raises a stark question: can the president change course? The Democrats […]
The article Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Oil prices and Asian semiconductor shares fell sharply on Thursday as sweeping Democratic victories in the United States midterm elections reshaped expectations for the Iran war, energy costs and regulation of artificial intelligence infrastructure. Brent crude traded near $94 a barrel after plunging almost 9% on Wednesday, while technology-heavy stock markets in South Korea and Taiwan suffered heavy losses. The dollar weakened and government bonds advanced as […]
Arabian Post Staff -Dubai Dubai International Boat Show will bring major international yacht builders to Dubai Harbour from 25 to 29 November, with tickets now on sale for the five-day exhibition’s 32nd edition. The confirmed participants include Azimut, Benetti, Ferretti Group, Gulf Craft, Heesen Yachts, Lürssen, Sunreef and Sunseeker, alongside regional suppliers and marine service businesses. Organisers expect more than 100 boats and other craft on the […]
Arabian Post Staff -Dubai Middle Eastern governments are assessing the risk of renewed American strikes against Iran after Democrats swept the US midterm elections, weakening President Donald Trump politically while leaving his military powers largely intact. The November 3 vote gave Democrats control of both chambers of Congress amid public anger over living costs and the eight-month conflict. Its implications for Washington’s confrontation with Tehran remain uncertain, […]
US Vice-President JD Vance blamed the war with Iran for Republicans’ sweeping midterm election defeats on Wednesday, challenging attempts to explain away a Democratic takeover of both chambers of Congress. “The reason we lost is the war,” Vance wrote on X, arguing that the party must acknowledge the political cost of President Donald Trump’s military campaign before deciding how to recover. His intervention came as Democrats celebrated […]
By Dr. Gyan Pathak India made “remarkable progress” in reducing poverty, World Bank said in October 2026 report, adding extreme poverty fell to 2.6 per cent who were living on less than $3 a day in 2021 Purchasing Power Parity (PPP) terms. Let Prime Minister Narendra Modi applaud himself, his government, and the Word Bank […]
The article Burying Head In “India Made Poverty Reduction” Data Is Dangerous appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
HONG KONG SAR – Media OutReach Newswire – 4 November 2026 – Consumer confidence in artificial intelligence is rising across Hong Kong and other cities in the Greater Bay Area (GBA), but new research from KPMG China and GS1 Hong Kong shows that retailers will need markedly different strategies to convert that confidence into growth. While consumers in other GBA cities show greater openness to personalised experiences and Chinese Mainland brands, Hong Kong consumers place more emphasis on value for money.
The Growth Reimagined: Building Consumer Trust in the AI Era report identifies three themes which have emerged as a roadmap for future growth:
AI trust is rising but a transparency gap persists, creating new opportunities for growth
Trust in AI has risen significantly since last year’s survey. In Hong Kong, 48% of consumers now trust AI at least somewhat, up from 28%, while trust in other GBA cities has increased from 59% to 76%. Yet growing trust has not translated into the same willingness to share personal data: just 10% of Hong Kong consumers who trust AI are comfortable doing so, compared with 32% in other GBA cities.
The difference in AI trust between Hong Kong and other GBA cities is particularly pronounced among silver shoppers, defined in the report as consumers aged above 55. Just 38% of Hong Kong silver shoppers trust AI, compared with 76% in other GBA cities, underscoring the challenge retailers face in building AI confidence among older Hong Kong consumers.
To bridge this gap, retailers in Hong Kong need to demonstrate clear value before asking consumers to share more data, while providing transparency and control over how their data is used. Consumer confidence should extend across the entire retail journey: from payment and product authenticity to returns and customer support. AI should help consumers find what they need more easily, while maintaining accuracy, fairness and access to human support.
Anna Lin, Chief Executive, GS1 Hong Kong, says: “AI is increasingly shaping how consumers discover and evaluate products, and it tends to recommend those backed by data it can readily interpret and trust. Businesses with trusted, standardised product data that is structured for machines to understand and use and traceable to an identifiable source will be best positioned to earn consumer confidence and influence future purchasing decisions.”
The silver economy is not a single consumer market
Across all age groups, value remains a priority for 73% of Hong Kong consumers, compared with 45% in other GBA cities.
When asked to describe their shopping style, 57% of silver shoppers in Hong Kong identify primarily as value shoppers, compared with only 23% in other GBA cities, where brand reputation, at 37%, and shopping experience, at 27%, emerge as their leading considerations.
The findings suggest that age alone is not enough to define the silver shoppers. Retailers looking to capture the opportunities created by the region’s ageing population will need to understand how expectations differ by market, and develop propositions that reflect those differences.
Alice Yip, Partner, Head of Consumer & Retail, Hong Kong SAR, KPMG China, says: “Growth in the silver economy depends on recognising that shoppers’ priorities differ across markets. Hong Kong’s silver shoppers prioritise competitive prices, while those in other GBA cities place greater emphasis on brand reputation and shopping experiences. Capturing this opportunity involves understanding what matters locally and tailoring the retail offer accordingly, rather than treating the silver economy as one uniform market.”
Chinese Mainland speed raises the stakes for Hong Kong and global brands
Chinese Mainland brands are emerging as a stronger force in innovation and speed. In other GBA cities, that progress is already reflected in consumer perceptions: 64% choose them for value for money, 58% for safety and reliability and 50% for brand reputation.
In Hong Kong, however, they are still seen primarily through the lens of value. While 81% of consumers choose Chinese Mainland brands for value for money, fewer cite safety and reliability (39%), higher quality (33%) or brand reputation (31%). Their next opportunity is to turn Chinese Mainland speed and improving quality into stronger brand confidence.
Hong Kong brands retain a clear advantage in trust. Consumers in Hong Kong (74%) and other GBA cities (61%) cite safety and reliability as the leading reason for choosing Hong Kong brands. Among Hong Kong consumers, preference for Hong Kong brands is particularly strong in airlines (78%) and food and beverages (71%).
But trust cannot be taken for granted. As Chinese Mainland brands strengthen their safety and reliability credentials, Hong Kong brands will need to combine their reputation for reliability with greater innovation, sharper value and faster execution.
Anson Bailey, Head of Consumer & Retail, Asia Pacific, KPMG China, says: “Any brand that still sees Chinese Mainland competitors as a low-cost threat is looking in the rear-view mirror. Chinese Mainland speed is now producing better products, sharper design and faster innovation at a scale few markets can match. The real shift is that Chinese Mainland brands are learning to build brand equity at the same pace as they have built scale through value and speed. This is increasingly influencing who can win – not only in the GBA, but in consumer markets worldwide.”
Hashtag: #KPMG #GS1HongKong
The issuer is solely responsible for the content of this announcement.
KPMG in China has offices located in 31 cities with over 14,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. It started operations in Hong Kong in 1945. In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. In 2012, KPMG became the first among the “Big Four” in the Chinese Mainland to convert from a joint venture to a special general partnership.
KPMG is a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organisation or to one or more member firms collectively.
KPMG firms operate in 138 countries and territories with more than 276,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.
GS1 Hong Kong is the local chapter of GS1®, a global, not-for-profit data standards organisation represented in over 120 countries. Through globally recognised standards such as GTIN (barcodes), we enable businesses to identify, capture and share trusted data across physical and digital supply chains, helping them accelerate digital transformation, access global markets, strengthen supply chain resilience and efficiency, and advance transparency, safety and sustainability.
Building on global data standards, GS1 Hong Kong provides solutions including ezTRADE for B2B data exchange, ezTRACK for supply chain traceability, and 1QR, powered by GS1 Digital Link, connecting 2D barcodes to rich product information such as certifications and sustainability data.
The trusted data infrastructure also supports emerging business needs, from trade finance to Scope 3 emissions reporting and ESG compliance. In an AI-driven economy, we provide the foundation for high-quality data that is accurate, visible, linkable, searchable, shareable and traceable.
GS1 Hong Kong supports close to 8,000 corporate members across 20 sectors, including retail and consumer goods, food and beverage, healthcare, apparel and footwear, logistics and ICT.
Website: 
www.gs1hk.org
DIP Holding is targeting an initial public offering price of Dh1.12 a share, a level that would generate approximately $529 million for parent Dubai Investments through the sale of a 20 per cent stake. The proposed pricing, within the previously announced range of Dh1.10 to Dh1.15, would imply a dividend yield of about 7.5 per cent based on the company’s planned distribution for 2027. The price has […]
Arabian Post Staff -Dubai Abu Dhabi’s XRG has agreed to acquire Shell’s 16.67 per cent interest in Australia’s North West Shelf liquefied natural gas project for $1.45 billion, marking its first investment in the country’s LNG industry. The agreement, announced on Tuesday, covers Shell Australia’s non-operated holding in the Woodside Energy-managed development in Western Australia. The base purchase price is subject to customary adjustments, with an additional […]
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Wired earphones are returning to fashion in 2026, with celebrity appearances and growing retail sales challenging the assumption that wireless listening has permanently displaced cables. The revival has moved beyond photographs of models and actors. Consumer research company Circana recorded a 20 per cent increase in United States wired headphone revenue during the first six weeks of 2026, following five consecutive years of declining annual sales. The […]
The UAE plans to invest between Dh150 billion and Dh200 billion in its energy sector by 2030, Energy and Infrastructure Minister Suhail bin Mohammed Al Mazrouei said at ADIPEC 2026 on Monday, linking the spending to national security and rising electricity demand. Speaking during a ministerial panel in Abu Dhabi, Al Mazrouei said geopolitical uncertainty, expanding industrial activity and the power requirements of artificial intelligence and data […]
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Arabian Post Staff -Dubai OpenAI chief executive Sam Altman has described the UAE as the world’s most forward-looking country for artificial intelligence adoption, as his company agreed to deploy advanced AI technology across ADNOC’s energy operations. Speaking at ADIPEC 2026 in Abu Dhabi on Monday, Altman praised the country’s commitment to integrating AI into government and business. His remarks accompanied a multiyear agreement between OpenAI, Abu Dhabi […]
Arabian Post Staff -Dubai United States forces struck Iran’s Qeshm Island on Monday in a limited military operation that American officials described as defensive, exposing continuing hostilities despite President Donald Trump’s public suggestion that a wider confrontation could be avoided. Three US officials confirmed the operation, with one saying it followed Iranian fire directed at an American aircraft. Another said Iranian surface-to-air missile activity had threatened US […]
By Nantoo Banerjee At a time when most big business families across the world are fighting the ‘third-generation curse’ to stay afloat, a few Indian big business houses have survived past the third generation by relying on specific longevity drivers, including early focus on preparing heirs, formal governance, and regularly sharing the foundational history, struggles, […]
The article Stake In Third Generation Family Managed Firms Is Always Risky appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
