Arabian Post Staff AstraZeneca has launched its GCC Health Innovation Hub, a culmination of digital innovation efforts by the Company to make diagnosis and treatment easier for diabetic patients, in conjunction with UK medtech start-up Gendius, which specialises in remote disease management. As a result of this partnership, HealthGATE – an artificial intelligence (AI)-powered platform and app to support diabetic patient care in the GCC – will […]
Revenue increases 12.6% to RMB1.84 Billion Gradual Results Delivered From Operational Reforms Optimises Sales Channel Mix Results Highlights (RMB million） For the twelve months ended 31 March 2020 2019 Change Revenue 1,841 1,635 +12.6% Gross profit (before provision for/reversal of impairment losses of inventories) 1,138 914 +24.5% Gross profit margin (before provision for/reversal of impairment losses of inventories) 61.8% 55.9% +5.9pts Operating profit 484 584 -17.1% Operating […]
Research conducted by Linkflow Capital shows that more SMEs continue to see improved access to financing in 2019 SINGAPORE – Media Outreach – 16 June 2020 – In their annual SME financing research conducted by Linkflow Capital, SMEs continue to see improved access to financing in 2019. According to Linkflow Capital, up to 39% of SMEs gained access to financing in 2019. This figure has continued […]
Converging the power of mobile credit risk scoring and digital fraud management technology to access Southeast Asia’s 400 million unbanked and new-to-credit population SINGAPORE – Media OutReach – 16 June 2020 – GBG (AIM:GBG), the global technology specialist in fraud and compliance management, identity verification and location data intelligence today announced a technology partnership with CredoLab, the leading developer of bank-grade digital scorecards based on privacy-consented and permissioned smartphone […]
Accelerates efficiency while enhancing security, document management and remote working capabilities SINGAPORE – Media OutReach – 16 June 2020 – Fuji Xerox Asia Pacific today announced the launch of 19 new models from its digital multifunction/printer ApeosPort and DocuPrint series (Refer to Table A). The latest products, together with Fuji Xerox’s solutions, will allow businesses to overcome new challenges on intensifying security risk, demand for greater efficiency, burgeoning operational […]
By Andrew Brinded In 1991, the renowned technology journalist Stewart Alsop made a famously wrong forecast. “I predict that the last mainframe will be unplugged on March 15, 1996,” he wrote. But 23 years later, the mainframe is still going strong. For me, this underlines why it’s a myth that IT is a fast-moving sector in which revolutionary changes occur at lightning speed. The R&D side of […]
by James M. Dorsey The Middle East is at a crossroads. The coronavirus pandemic and its economic fallout confronts regional leaders with a stark choice: dial down tensions to open the door toward cooperation in tackling existential challenges or risk ever more aggravated political and economic threats enhanced by a potential wave of social protest. A second wave of the coronavirus pandemic is raising its ugly head. […]
Arabian Post Staff Companies in the United Arab Emirates expect increased delays in payments, a growing risk of default and an overall weakening in business performance as the country copes with the disruptive impact of COVID-19, according to Atradius’ latest Payment Practices Barometer survey. With an economy struggling from the collapse in oil prices and major sectors, such as trade and tourism, hit by the pandemic, 53% […]
Atradius’ Payment Practices Barometer highlights the importance of risk management to Asian businesses HONG KONG, CHINA – Media OutReach – 10 June 2020 – Corporations in the United Arab Emirates expect increased delays in payments from customers, a growing risk of default and an overall weakening in business performance as the country copes with the disruptive impact of COVID-19, according to Atradius‘ latest Payment Practices Barometer survey. With an […]
Atradius Payment Practices Barometer highlights importance of risk management to Asian businesses HONG KONG, CHINA – Media OutReach – 10 June 2020 – As global recession looms, Asian businesses tighten their credit management processes in a bid to minimise bad debt risks. COVID-19 containment measures around the world have impacted both national and international supply chains and trade. Responses to the 2020 Atradius Payment Practices Barometer (PPB) survey […]
Government policies on climate change and consumer demand could see the number of electric cars reach 100 million by start of next decade compared with seven million today. China is the world’s largest market for electric vehicles in total, accounting for around 45%, while a quarter (24%) are in Europe and 22% in the US. In Asia – China, Japan and India to drive future sales. New […]
LOS ANGELES, UNITED STATES – Media OutReach – 8 June 2020 – Lee Kum Kee Sauce Group continues to stand with the world in our concerted bid to stop the spread of Covid-19. With the closures of cafeterias in hospitals to prevent the spread of this COVID-19 virus, Lee Kum Kee has committed to donating over 1,000 Panda Express Bowls to those on the front-lines at hospitals in the Los Angeles […]
by James M. Dorsey Rejiggering security arrangements in the Gulf may be a more pressing issue than meets the eye. That is not good news for the Gulf states. It is also bad news for China, which could see the rug pulled out from under its studious effort to remain on the sidelines of the Middle East’s myriad conflicts. China and the Gulf states are in the same […]
It’s getting harder to stay afloat in the sea of business companies. The competition is stronger than ever in the marketplace. Every new business company tries to fulfill the customer’s needs and give extra features and benefits. The product line is various and you can find everything that you need. On top of that, companies are trying their best to stand out from the competition and make […]
It seems to be becoming a more and more popular theory that cryptocurrency could be the answer to all of the difficulties in the online casino world. This would mean that the slow deposit methods, waiting three to five working days to receive any of your winnings, and having limits placed on how much you are allowed to deposit to play your favourite game online could all […]
By James M. Dorsey A decision by the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers like Russia to temporarily end a price war and cut production amounts to a time-out rather than an end to what is likely to erupt at some point in the future as a tripartite war. More immediately, the decision averts a significant deterioration in relations between the United States and […]
You decided to join the casino community and have a try at your first online slot. Understandably, you are confused about which slot to choose. As you may have heard from experienced players, there are many different ones in the market, all with different themes, the number of reels, winning lines and special and bonus features. Also, the minimum and maximum bet required to play vary from […]
Arabian Post Staff A staggering one million jobs are being lost every day in the Travel & Tourism sector due to the sweeping effect of the coronavirus pandemic, according to the World Travel & Tourism Council (WTTC). According to the London-based international organisation, which represents the global Travel & Tourism private sector, the growing job losses are affecting every level of the industry and are gathering pace, as countries go into […]
Arabian Post Staff The World Travel & Tourism Council says up to 50 million jobs in the Travel & Tourism sector are at risk due to the global COVID-19 pandemic. Gloria Guevara, WTTC President & CEO, said: “WTTC figures show the stark impact on the Travel & Tourism sector of the present COVID-19 outbreak with analysis now suggesting that up to 50 million jobs are at risk in the sector globally”. “When the time is right, WTTC and the […]
Arabian Post Staff DP World, which recently announced delisting of its shares from Nasdaq Dubai, reported revenue growth of 36.1% and adjusted EBITDA increase of 17.7%, delivering profit of $1.3 billion, but without separate disclosures. Revenues were of $7,686 million, with a growth of 36.1% driven by acquisitions including P&O Ferries (UK), Topaz Energy & Marine (UAE) and the two terminals in Chile (Puerto Central and Puerto […]
The issue of gambling has reared its head more than once in Dubai in recent years, as the city looks to lure more and more sports and entertainment events. With big-name sports contests come big-name gambling sponsors, and with that comes a problem. Gambling remains illegal in Dubai just as it remains illegal in every other part of the United Arab Emirates and – despite some suggestions […]
Arabian Post Staff While the new low oil prices will test Saudi fiscal balances, they have the lowest cost barrels and with low debt can pull on sovereign reserves and take the pain, according to Chris Midgley, head of global analytics, S&P Global Platts. Crude fell sharply on Friday to test $45/bbl on the back of the failed talks and we now expect if to fall sharply as […]
Over the past few years the UAE has seen a boom in start-ups and online businesses. The influx of female entrepreneurs heading start-ups have systemically changed office culture, making it accessible for all genders, and giving a stronger voice to women in general. In fact, the UAE is considered one of the best markets for business women. Back in 2017 the UAE pledged $50 million to the […]
Arabian Post Staff The spread of coronavirus continues to deepen the severity of the blow to global fuels demand. Energy consultancy Rystad Energy now expects more than half of global oil demand growth to be lost in 2020. As global stocks increase by the day, the ongoing OPEC+ meeting is unlikely to result in cuts sufficient enough to balance the market, under all of our scenarios. The […]
