As hospitality’s doors finally swing open and footfall increases again, hoteliers must work fast to encourage on-premise interaction and achieve customer delight.
Start-ups from across the Middle East and North Africa (Mena) had raised nearly $375 million during the past month, with the Saudi firms taking a sizeable chunk of the pie, netting $219 million across 23 investment deals in February, said a report.
Saudi Arabia’s economic rebound is drawing attention with a boon from rising oil prices. Outside of hydrocarbons, the country is continuing to diversify and reform in a number of sectors as part of its Vision 2030, says an industry expert.
Large consumer goods companies have been losing out in the race for growth, and M&A is high on their agenda as they seek to reignite top-line performance, say two industry experts from global management consultancy Bain & Company.
The situation of a burnt-out cybersecurity workforce has forced organizations to rethink how they attract talent and educate those inside and outside the company to better understand the different threats they face, says an industry expert.
Gen Z or Zoomers (consumers aged between 16 and 24) have little enthusiasm for traditional financial products - be it bank accounts or credit cards, a report said, noting that 62% of Gen Zs don’t have any bank account at all.
While many consumer goods companies have made solid gains to promote sustainability through such moves as reducing their carbon footprint and water usage, few have made sustainability a big part of their brands, says an industry expert.
Businesses need to consider which technologies are appropriate for each stage of their digital T&E management maturity process, the challenges that they may present and the benefits when moving to the next stage, says an industry expert.
Middle East businesses see Africa as a major market for the future. However, the biggest challenge facing traders seeking to expand their business in Africa is access to finance – the continent’s trade finance gap is estimated to be $120 billion.
The GCC is undergoing a region-wide ‘digital paradigm shift’, said global management consulting firm Oliver Wyman in a new report, listing the eight digital trends defining the future of the region in 2022 and beyond.
