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Majority in UAE willing to bank with tech firms: studyA large majority in the UAE are willing to get banking services from an established technology company, said global management consulting firm Bain & Company in its ninth annual customer loyalty in retail banking study. Tradit More… |
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Myths about 5G technology adoption dismissedWhile mobile network executives share a belief in the long-term potential of 5G, more than half (53 percent) see no near-term business case for the technology, according to a new study from management consulting firm Bain & Company. More… |
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Tourism drives GCC luxury personal goods marketThe GCC personal luxury goods market is stable with recovery from last year driven by tourism spend and online spend which now represents almost 5 per cent of the regional luxury market, i.e., about $400 million, an industry expert said. More… |
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Tourism drives GCC luxury personal goods marketThe GCC personal luxury goods market is stable with recovery from last year driven by tourism spend and online spend which now represents almost 5 per cent of the regional luxury market, i.e., about $400 million, an industry expert said. More… |
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Tech firms now banking sector’s biggest disruptorsUntil recently, traditional retail banks were betting on nimble fintechs to up-end the industry. However, established technology firms – Amazon, Apple, Tencent and others – have emerged as the bigger, more immediate threat to r More… |
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Global diamond market sees moderate growthThe global diamond industry performed moderately well in 2015, led by diamond jewellery retail sales, which grew 3 per cent at constant exchange rates, a report said. However, currency depreciation, as well as slower demand in Chi More… |
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ME private equity sees growing volumes in 2015Last year was a very encouraging year for private equity (PE) in the Mena region with a growing volume of larger deals, notably in the retail and consumer goods, healthcare, and education sectors, an industry expert said. “T More… |
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Diamond jewellery ‘claims 30pc of GCC luxury market’Hard luxury represents as much as 30 per cent of the GCC luxury goods market, an industry expert said, adding that the EUR2.3 billion ($2.56 billion) market performed better than other luxury goods categories in 2015. Cyrille Fabr More… |
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Industrial services outshine new product salesThe service business in industrial firms is reporting growth rates up to 40 per cent faster than sales of new products, a report said, highlighting that the gross profit margin of services is on average a good ten percentage points higher. More… |
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Industrial services outshine new product salesThe service business in industrial firms is reporting growth rates up to 40 per cent faster than sales of new products, a report said, highlighting that the gross profit margin of services is on average a good ten percentage points higher. More… |
