分类: business

  • Social Cash participates in the 1 Billion Summit

    Social Cash participates in the 1 Billion Summit

    DUBAI – At the recent 1 Billion Followers Summit in Dubai, influencer marketing platform Social Cash positioned itself as a solution to industry-wide challenges including fake engagement and unmeasurable ROI. The three-day global gathering united prominent content creators, digital entrepreneurs, and marketing professionals to explore the evolving landscape of digital influence.

    The event featured appearances from internationally recognized personalities including MrBeast, Simon Squibb, and Mufti Menk, highlighting the expansive scope of the creator economy. Social Cash utilized its exhibition space at Booth No. 46 to demonstrate its platform’s capabilities to brands and creators seeking more effective collaboration methods.

    This participation comes at a critical juncture for the influencer marketing sector. Brands are increasingly reevaluating their strategies due to widespread concerns about authenticity and return on investment. Social Cash addresses these issues by enabling brands to strategically select creators based on specific criteria including audience demographics, language preferences, and geographical location – particularly valuable in diverse markets like the UAE.

    The platform has already facilitated more than 200 campaigns across retail, FMCG, electronics, and consumer services sectors, generating over 150 million verified views. By integrating creator selection, content approval processes, and performance analytics within a unified system, Social Cash provides brands with significant time savings while enhancing campaign control.

    “Our focus is simple — helping brands work with the right creators and get results they can actually measure,” stated a company spokesperson.

    The platform equally benefits content creators through its community of over 15,000 members. Unlike systems that prioritize follower counts, Social Cash matches creators with brand opportunities based on content quality and authentic engagement metrics. Recent application updates have introduced performance-based reward features that recognize high-performing creators and increase their visibility to potential brand partners.

    As summit discussions centered on the future of digital influence monetization, Social Cash’s approach reflects a broader industry transformation toward trust-based metrics and sustainable value creation in influencer marketing.

  • Investors anxious over make-or-break fight for the Fed

    Investors anxious over make-or-break fight for the Fed

    Financial markets are grappling with unprecedented concerns over the Federal Reserve’s independence following revelations of a Justice Department investigation targeting Chair Jerome Powell. The escalating confrontation has triggered significant market reactions and raised fundamental questions about the integrity of U.S. monetary policy institutions.

    In a remarkable Sunday statement, Powell disclosed the existence of a criminal probe targeting him personally over building renovation matters—a move he characterized as a ‘pretext’ for political manipulation of interest rate policy. This development represents the most direct challenge to central bank autonomy in modern history, occurring against the backdrop of President Trump’s persistent criticism of the Fed’s cautious approach to rate reductions.

    The immediate market response has been telling: the U.S. dollar experienced its sharpest daily decline in three weeks, gold prices surged to record highs, equity futures retreated, and long-term Treasury yields climbed significantly. These movements reflect investor apprehension about the potential erosion of institutional safeguards that have long underpinned global confidence in American financial leadership.

    International observers are expressing grave concerns. Jens Suedekum, chief adviser to Germany’s Finance Minister, warned that ‘the United States itself will suffer the greatest disadvantages’ from this institutional undermining. The situation exemplifies the Trump administration’s broader pattern of challenging established institutions, from the judiciary to the military, now extending to the cornerstone of financial stability.

    Market strategists note concerning implications. Karl Schamotta of Corpay cautioned that aggressive legal threats against Fed officials could ‘drive inflation expectations higher, erode the dollar’s safe-haven role, and trigger a sharp rise in long-term bond yields’—effectively increasing borrowing costs across the American economy.

    While Powell’s term concludes in May, with Trump already promising a rate-dove successor, this confrontation establishes a critical precedent for future Fed leadership. ANZ’s chief economist Richard Yetsenga observes that ‘the technocratic Fed, as we have understood it over the past few decades, is fading from view,’ suggesting fundamental changes to monetary policy operations.

    Despite the drama, some analysts maintain perspective. Goldman Sachs’ Jan Hatzius expressed confidence that Powell would continue making data-driven decisions throughout his remaining tenure, though acknowledging the probe adds to independence concerns. The episode nevertheless signals to global investors that traditional assumptions about U.S. institutional stability may require reevaluation.

  • Trump-Powell tussle: Will the GCC states be affected?

    Trump-Powell tussle: Will the GCC states be affected?

    A deepening institutional crisis at the US Federal Reserve is sending shockwaves through global financial markets, with Gulf Cooperation Council (GCC) economies positioned for direct impact due to their dollar-pegged currencies. The unprecedented criminal investigation launched against Fed Chair Jerome Powell by the District of Columbia US attorney’s office—reportedly over central bank headquarters renovations—has escalated tensions between the White House and monetary authorities to dangerous levels.

    Market indicators immediately reflected investor anxiety, with S&P 500 and Nasdaq futures dropping over 0.6% pre-market opening. The VIX volatility index, known as Wall Street’s ‘fear gauge,’ recorded its sharpest rise since November 2025, while gold prices surged to $4,600 per ounce as investors sought traditional safe-haven assets.

    According to Edward Bell, Acting Chief Economist at Emirates NBD, ‘The Fed’s independence, once considered sacrosanct, now faces existential challenges. We anticipate effectively operating under two distinct Federal Reserve systems in 2026—the current Powell-led framework and a post-May structure under new leadership.’

    Financial experts interpret the investigation as retaliatory action against Powell’s perceived reluctance to accelerate interest rate reductions. With Powell’s term concluding in May 2026 and President Trump expected to announce his successor imminently, concerns mount that political interference could permanently damage the Fed’s credibility and operational autonomy.

    Vijay Valecha, Chief Investment Officer at Century Financial, warned: ‘Prolonged uncertainty may trigger heightened market volatility, increased equity risk premiums, and further depreciation of the US dollar. We anticipate accelerated capital flows into protective instruments including precious metals and Treasury securities.’

    For GCC nations maintaining dollar pegs, monetary policy remains inextricably linked to Federal Reserve decisions. Regional central banks historically mirror US rate adjustments, with another 75 basis points in cuts anticipated for 2026. While lower borrowing costs could stimulate GCC real estate development and dividend-yield investments, banking sector net interest margins may face compression.

    Bell noted that regional economies demonstrate resilience: ‘UAE and Saudi economic indicators performed strongly throughout 2025 despite elevated rates. Further reductions will provide welcome stimulus but unlikely to dramatically accelerate growth trajectories.’

    The dollar peg creates complex dynamics for Gulf states. Weaker regional currencies increase import costs but enhance competitiveness for non-oil exports, particularly service sectors. Notably, substantial import volumes from markets like India and Turkey—whose currencies depreciated against the dollar in 2025—have partially offset broader inflationary pressures.

    Investment strategists recommend GCC investors implement robust risk management protocols, including portfolio diversification and maintaining liquidity buffers. While short-term market corrections may occur, the region’s strong fundamentals, political stability, and business-friendly environments provide substantial long-term support for capital markets.

  • Norway’s seafood exports hit record in 2025, China emerges as top three market

    Norway’s seafood exports hit record in 2025, China emerges as top three market

    Norway’s seafood industry achieved unprecedented export performance in 2025, reaching a historic milestone of 181.5 billion Norwegian kroner ($18.03 billion) despite challenging market conditions. The record-breaking figures represent a 4% year-on-year increase, with total export volume reaching 2.8 million tonnes, according to official data from the Norwegian Seafood Council.

    The Asian market, particularly China, demonstrated remarkable growth momentum, propelling the Nordic nation’s seafood exports to new heights. China solidified its position among Norway’s top three seafood export destinations, with shipments surging to 178,246 tonnes valued at approximately 12.3 billion NOK. This remarkable performance translated to a 30.9% year-on-year increase in export value, adding 2.9 billion NOK to Norway’s seafood revenue.

    Salmon exports to China experienced particularly explosive growth, nearly doubling to 90,906 tonnes with export value skyrocketing 59% to 8.109 billion NOK. Equally impressive was Norway’s coldwater prawn performance in the Chinese market, where volumes soared by an extraordinary 244% to 8,392 tonnes, establishing China as Norway’s largest export market for this premium product.

    Christian Chramer, CEO of the Norwegian Seafood Council, characterized 2025 as “a demanding year for seafood,” noting that reduced quotas and record prices for wild-caught species were offset by substantial volume growth in farmed salmon production. The industry successfully navigated these challenges through strategic market diversification and premium product positioning.

    Sigmund Bjørgo, China Director of the Norwegian Seafood Council, expressed satisfaction with the sector’s performance, stating: “Looking back on the past year, we are pleased to see Norwegian seafood continuing to earn the trust of the Chinese market, achieving another record-high overall performance.” He emphasized China’s enduring status as “one of the most important export markets for Norwegian seafood” and committed to increased investment and closer industry collaboration to bring broader high-quality seafood offerings to Chinese consumers.

    The exceptional growth in the Chinese market reflects evolving consumer preferences toward premium protein sources and Norway’s successful branding as a provider of sustainable, high-quality seafood products. This strategic market development positions Norway favorably within China’s increasingly sophisticated food import landscape.

  • Crucial tower of Shenzhen-Jiangmen Railway completed, marking significant milestone

    Crucial tower of Shenzhen-Jiangmen Railway completed, marking significant milestone

    China’s infrastructure advancement reached new heights as construction crews completed the main tower of the Hongqili waterway bridge, a critical component of the Shenzhen-Jiangmen Railway project. The monumental structure, standing at 258 meters (approximately 80 stories), achieved its topping-out milestone on Sunday following the final concrete pour.

    The dual-purpose rail-road bridge represents a significant engineering achievement in China’s ongoing transportation network expansion. As a vital link in the Shenzhen-Jiangmen Railway corridor, the infrastructure project will enhance connectivity between major economic hubs in Guangdong Province, facilitating improved regional integration and economic development.

    Construction authorities confirmed the successful completion of the tower’s main structure, which will serve as a foundational support for the bridge’s deck system. The Hongqili waterway crossing presents unique engineering challenges due to its navigational requirements and geological conditions, making the tower’s completion particularly noteworthy.

    The Shenzhen-Jiangmen Railway project forms part of China’s broader strategy to strengthen intercity transportation networks throughout the Pearl River Delta region. Upon completion, the railway is expected to significantly reduce travel times between Shenzhen and Jiangmen, supporting regional economic coordination and development initiatives.

    This infrastructure milestone demonstrates China’s continued commitment to advancing its transportation capabilities through ambitious engineering projects that address both current needs and future growth projections in one of the nation’s most economically dynamic regions.

  • Save in Gold launches platform to make gold ownership easy, secure, and accessible

    Save in Gold launches platform to make gold ownership easy, secure, and accessible

    Dubai-based gold investment firm Save in Gold has unveiled a comprehensive upgrade to its digital platform and mobile application, fundamentally transforming how consumers acquire and manage physical gold assets. The innovative system eliminates traditional packaging fees, creating a more transparent and economically viable purchasing process for investors of all levels.

    The enhanced platform provides real-time international gold pricing data, enabling users to make informed investment decisions aligned with global market standards. Beyond straightforward transactions, the service incorporates unique features including digital gifting options for special occasions and corporate incentives, blending traditional gold value with modern convenience.

    Customers benefit from multiple fulfillment methods, choosing between branch collection or secure 24-hour home delivery services. The Click & Collect mechanism offers complete transactional control from initial purchase to final collection, ensuring a seamless end-to-end experience.

    As an established member of the Dubai Gold & Jewellery Group, Save in Gold operates under the UAE’s stringent gold industry regulations, providing additional assurance of transactional integrity and professional standards. The company’s expansion across the Emirates increases accessibility through numerous physical touchpoints while maintaining personalized customer support.

    The platform represents a significant advancement in democratizing gold ownership, merging centuries-old investment traditions with contemporary digital convenience. This approach caters equally to novice investors and experienced collectors, transforming gold acquisition from mere transaction to meaningful financial experience.

  • Want cheaper flights? UAE travel data reveals best day, most affordable destinations

    Want cheaper flights? UAE travel data reveals best day, most affordable destinations

    New data analytics from global travel platform Skyscanner have identified Saturday as the most cost-effective day for flight departures from the United Arab Emirates, countering prevailing traveler misconceptions. Contrary to popular belief—where 28% of surveyed travelers suspected Tuesday and 25% believed Wednesday offered the lowest fares—statistical evidence confirms weekends provide the optimal pricing window for UAE-based travelers.

    The comprehensive travel analysis further reveals significant price variations based on destination selection and seasonal timing. Indian metropolitan centers dominate the affordability index, with Chennai emerging as the most economical destination at approximately Dh795 for round-trip economy fares. This is closely followed by Kozhikode (Dh937) and Mumbai (Dh975), while other South Asian hubs including Thiruvananthapuram, Kochi, and Mangalore maintain competitive pricing between Dh1,000-1,100.

    Internationally, Istanbul presents as a viable budget-friendly alternative at Dh1,100, with Cairo and Dhaka marginally higher at Dh1,300. Manila completes the top ten most affordable destinations with average round-trip fares of Dh1,691. These figures derive from actual booking data compiled between January-October 2025 for travel throughout 2026.

    The research coincides with unprecedented travel意向 among UAE residents, with 96% planning international excursions in 2026 and 69% having already secured flight reservations. Notably, 64% remain flexible with travel dates, recognizing this as a critical factor in cost reduction. Half of respondents expressed financial concerns regarding international travel expenditures.

    To address growing demand for intelligent travel planning, Skyscanner has introduced a Cheapest Destination Planner tool, providing monthly affordability metrics, suggested travel dates, and destination insights. Complementary data from Marriott Bonvoy’s 2026 Ticket to Travel Report indicates sustained regional travel demand, with over 80% of UAE and Saudi travelers planning equivalent or increased travel compared to 2025.

    Industry trends further reveal advanced booking patterns averaging two months prior to departure, with multi-country itineraries remaining prevalent among 75% of travelers. European destinations including Italy, Switzerland, France, and Türkiye continue to feature prominently among UAE traveler preferences, reflecting persistent demand for experiential diversity and value-driven travel.

  • AMIS GPD Development partners with Jacob & Co to create ultra-luxury villa community in Meydan

    AMIS GPD Development partners with Jacob & Co to create ultra-luxury villa community in Meydan

    In a landmark fusion of haute horology and architectural excellence, AMIS GPD Development has announced a strategic partnership with iconic luxury brand Jacob & Co. to conceive an exclusive villa community within Dubai’s prestigious Meydan district. The collaboration was formally cemented during a signing ceremony at the AMIS Sales Centre on Sheikh Zayed Road, attended by key figures including Jacob Arabo, Founder of Jacob & Co., and Neeraj Mishra, CEO of AMIS GPD Development.

    This venture aims to establish a new paradigm for luxury living by integrating the meticulous artistry synonymous with high watchmaking into residential design. The development promises to deliver an unparalleled standard of sophistication through the utilization of premium materials, refined aesthetic principles, and cutting-edge technology. Each villa is envisioned as a testament to exclusivity and contemporary elegance, designed to cater to the most discerning global clientele.

    Jacob Arabo emphasized the shared philosophy driving the project, stating the collaboration represents a fusion of two brands united by a passion for excellence, destined to create a beacon of sophistication in Dubai. Neeraj Mishra highlighted the partnership as a critical milestone in amplifying AMIS’s footprint within the emirate’s high-end real estate landscape, ensuring an offering unmatched in design and innovation. Shareholder Shah Azim Hameed echoed this sentiment, framing the initiative as a reflection of long-term confidence in Dubai’s property market, combining robust development fundamentals with world-class design excellence to create a future-focused residential legacy.

  • O Gold transforms into a lifestyle super app where gold becomes your daily currency

    O Gold transforms into a lifestyle super app where gold becomes your daily currency

    DUBAI – In a groundbreaking development for the fintech sector, O Gold has announced its complete transformation from a digital gold investment platform into a comprehensive lifestyle super app, introducing the world’s first gold-backed Mastercard payment system. This strategic evolution marks a significant milestone for the UAE-based Shariah-compliant platform, which now serves an expanding community of over 800,000 users.

    The newly launched O Gold Mastercard represents a paradigm shift in asset liquidity, enabling users to seamlessly utilize their gold holdings for everyday transactions without the traditional constraints of selling or liquidating assets. Through strategic partnerships with Mawarid Finance and Mastercard, the platform allows instant spending of gold balances at various merchants – from local cafés to international retailers – while maintaining full Shariah compliance and robust security protocols.

    Beyond its core payment functionality, the super app offers a premium suite of lifestyle benefits tailored for global citizens and sophisticated investors. Platinum Card holders gain access to exclusive privileges including complimentary airport lounge access, hotel discounts, and merchant offers across retail, dining, and e-commerce sectors worldwide.

    The platform’s expanded ecosystem bridges digital assets with tangible value through a gold-powered marketplace featuring over 8,000 international brands. Users can leverage their gold reserves to purchase vouchers, gift cards, travel services including global eSIM data packages, and participate in an interactive rewards program.

    At the foundation of this innovation lies O Gold’s secure digital wallet infrastructure, backed by physical gold stored in insured UAE vaults. The platform supports fractional gold ownership, automated savings plans, yield generation on holdings, legacy planning through beneficiary nomination, and real-time portfolio tracking with transparent financial reporting.

    Bandar Alothman, Founder of O Gold, stated: ‘We are fundamentally redefining gold’s role in the modern economy. For the first time, gold transitions from a passive savings instrument to an active, spendable asset integrated into daily financial behavior.’

    CEO Ahmed Abdeltawab emphasized the company’s vision: ‘Our integrated ecosystem establishes a new global benchmark for how precious metals can power both immediate transactions and long-term financial security within a single, ethical framework.’

    Operating on principles of transparency and quality assurance, O Gold sources its precious metals exclusively from reputable suppliers while maintaining insured storage and competitive pricing structures. This transformation positions the company at the forefront of ethical, gold-backed financial innovation worldwide.

  • UAE: Nearly half of recruiters say they could not do their work without AI

    UAE: Nearly half of recruiters say they could not do their work without AI

    A transformative shift is underway in the United Arab Emirates’ recruitment landscape as artificial intelligence becomes increasingly integral to hiring processes. New research from LinkedIn reveals that 47% of UAE recruiters now consider AI indispensable to their professional functions, signaling a profound technological transformation in the region’s employment sector.

    The comprehensive study demonstrates that an overwhelming majority—76%—of talent acquisition specialists credit AI with significantly accelerating their ability to fill vacant positions. This efficiency gain represents a substantial advancement in recruitment methodology, potentially reshaping how organizations identify and secure talent in the competitive UAE market.

    Despite these operational benefits, the research uncovered significant adaptation challenges within the recruitment community. Approximately 68% of UAE hiring professionals express concerns about their preparedness for AI’s continuing evolution within their industry. This apprehension highlights a critical gap between technological implementation and human readiness in the rapidly changing digital landscape.

    Further complicating this transition, 75% of recruiters worry that AI-conducted interviews may create impersonal candidate experiences without careful implementation strategies. Additionally, 80% of professionals desire better tools and training to navigate AI’s rapid development cycle effectively.

    On the candidate side, the research reveals parallel uncertainties. More than half (56%) of job seekers report confusion about how AI affects their visibility during application processes, while 46% struggle to distinguish themselves in AI-driven screening systems. These concerns are exacerbated by broader frustrations, with 35% of applicants receiving no acknowledgment of their submissions.

    Notably, UAE professionals demonstrate exceptional digital readiness globally, with 81% expressing confidence in workplace AI applications—among the highest adoption rates worldwide. Many are proactively leveraging AI to enhance applications, identify opportunities, and prepare for interviews, while one-third actively strengthen their competitiveness through skill development and profile optimization.

    According to Ali Matar, LinkedIn’s Emerging Markets Leader for EMEA, these findings indicate a clear need for enhanced guidance, transparency, and support systems as AI becomes central to recruitment ecosystems. This transformation occurs against a backdrop of projected growth, with separate studies indicating the UAE will require one million technology and AI specialists by 2030, creating substantial opportunities for job seekers equipped to navigate this new technological paradigm.