Business

Update brought to you by MEMS – A Choueiri Group Brand

 

Dubai, United Arab Emirates – April 13, 2020—(AETOSWire):

 

In this fifth installment of our series on the unprecedented Covid-19 situation and its impact on TV Advertising, we examine data findings from Saudi Arabia & UAE complied over the last 2 weeks of March compared to the same period in February 2020. These depict how TV viewership, as well as the time spent on TV entertainment have significantly increased for Arab audiences across both Dubai TV and Dubai ONE

                                                                                                                                                                                

About MEMS:

Owned  by Choueiri  Group, MEMS FZLLC specializes in the marketing and sales of advertising space for a diversified portfolio of communication vehicles. These include leading satellite TV channels, magazine titles, newspapers and outdoor signs. With a dedicated  team of 80 professionals, the Company services its clients through a network of offices and representatives in 12 cities with a focus on GCC countries.

 

*Source: AETOSWire

 

The Foundation’s research arm, Dubai Future Research, and its lineup of reports offer crucial insights for shaping a better future after the global outbreak, for the UAE and the world

Dubai, United Arab Emirates, 13 April 2020—(AETOSWire):  Dubai Future Foundation (DFF) has stepped up its efforts in responding to the global COVID-19 crisis by furthering research for the benefit of society. The Foundation’s research arm, Dubai Future Research, has launched a series of reports titled  ‘Life after COVID-19’  that focuses on the most important areas of people’s lives and enables them to identify the opportunities that lie ahead, while setting out some short and longer-term implications.

In just over three months, the number of cases of the novel coronavirus has soared to more than a million worldwide and as the pandemic continues to unfold, the UAE Government has put in place a series of measures designed to reduce and contain it from spreading further.

The Foundation, in its commitment to support the UAE’s efforts to combat COVID-19, has made a decision to deliver reports and analysis of the disruption caused by the virus and offer insights about the future of key sectors, including workspace, education and commerce. Additionally, the entity aims to ensure that organizations, government officials and members of community have access to this important resource to better anticipate, navigate and proactively react towards the future.

COVID-19 presents an opportunity for governments in the Arab World and across the globe to disrupt and accelerate its efforts in providing suitable regulations, guidelines and platforms to adapt to the foreseen changes. The reports, in addition to aiding the UAE Government with suggestions and implementation of certain regulations and policies, will also provide both short- and long-term solutions that can be adopted by public and private sector organizations in Dubai and the world.

The series of research papers will continue to be issued at regular intervals until the COVID-19 pandemic subsides. Accompanying these insights, DFF will create platforms and online discussions to provide more insights and opportunities to interact with experts. For more information about Dubai Future Research and reports on Life after COVID-19, please visit the Foundation’s website at https://www.dubaifuture.gov.ae/publications/.

*Source: AETOSWire

Dubai, United Arab Emirates, April 12, 2020-(AETOSWire):

 In this fifth installment of our series on the unprecedented Covid-19 situation and its impact on TV Advertising, we examine data findings from the UAE complied over the last 2 weeks of March compared to the same period in February 2020. These depict how the ever-increasing appetite for MBC Groups’ entertainment content across all of its channels, has led to substantial increases in both the broadcaster’s Reach and Share of Audience figures during the period under review.

 

Arabian Media Services International (AMSI) is a part of Choueiri Group and operates as the Exclusive Media Representative for MBC Group.

*Source: AETOSWire

THIS is an unprecedented situation globally. Like many others, Corporate Pakistan did not get it. Not yet at least, their behaviour indicates. Applying a conventional approach, fixated on the bottom line, it is again attempting to socialise risks and losses by asking the government for bailing it out.

How long it will take the business community to digest the enormity of the challenge, shake off its habit of leaning on the government and adjust its strategy to the new reality is hard to predict. The pandemic, global news testifies, is not classist. It infected and marooned the symbols of wealth and power as much as the wretched of the world. Whether we swim or sink will depend, to a great extent, on the quality of our response individually and collectively.

The business community of Pakistan has weathered a lot in this crisis-prone country and did manage to succeed. It has experience and is resourceful. Its stakes are high as it has more to lose than others. The pandemic has put to test, like never before, its wisdom and animal skill to work through the odds.

The overwhelmed government has responded compassionately to the business community’s demands, promising moon and committing packages, tax breaks and concessions at a time when its own budget is in tremendous stress and even the routine inflows are threatened. The donors’ money can provide some relief, but how much and for how long is hard to predict in these tumultuous times.

Corporate Pakistan is not only demanding relief but also making a case for altering the tax structure to the benefit of the most resourceful segment of society

The Pakistan Business Council (PBC), the most vocal and well-equipped platform, worked out a well-worded wish list to shield its members from the fallouts of local and global lockdowns. In a letter addressed to the finance minister that it shared with the media, it outlined high points of a relief package “to sustain employment and preserve ability to swiftly commence operations when circumstances permit”.

It admitted that it is the responsibility of companies to keep regular workers on the payrolls. There is no mention of millions of contractual workers who have been laid off. The PBC acknowledged the government’s predicament in the current trying times. This did not, however, stop it from asking for a deferral of tax payments and other levies (EOBI, WWF/WPPF contributions) citing disruptions in cash flows and the need to retain solvency.

It wanted output sales tax and excise duties for February and March be paid in instalments, 100pc input adjustment to sales tax, writing off three per cent additional sales tax at the import stage, turnover tax slashed to zero from current 1.5pc, suspension of all advance taxes, immediate release of income/sales tax refunds, restoration of Section 65 B, tax credits to firms sustaining workers, tax rebate of 50pc to the earners of Rs1.8m per annum and reduction of corporate and property taxes by 5pc and 50pc, and the withdrawal of Sindh Infrastructure Development Cess among other things.

Claiming to be pragmatic, in essence they not only demanded relief but also made a case for altering the tax structure to the benefit of the most resourceful segment in a country where the tax structure is already skewed towards indirect taxes. PBC CEO Ehsan Malik responded thus to Dawn’s queries.

“At a time when cash flow is under extreme pressure, 80pc of the relief sought is temporary deferrals and one-off remissions. The emphasis is on sustaining employment,” he said.

“The window for unconventional demands doesn’t exist. Our government has limited capacity to match what other countries have done to assist business. Hence, we have taken a pragmatic approach. Sustain the present whilst the government negotiates a more plausible set of targets with the IMF. Fortunately, the IMF is open to help,” he added.

An incorrigible optimist, premier’s adviser on commerce and industry Abdul Razak Dawood talked to Dawn in between countless meetings in Islamabad. He said he was in constant touch with business leaders, adding that he enjoys a personal relationship with many of them because of his long career in the corporate sector. “Every morning I hold a video conference with the leaders of business chambers and trade bodies from around the country to listen to their problems and enrich my own understanding for a more informed input in official huddles for their benefit. The government is keen to do all in its power as it understands the value of the sector for the economy and the country,” he said over the phone.

“Things have started moving,” he said, probably referring to the tax refund distribution and multiple packages announced by the prime minister and the finance minister to calm the anxious business community. He promised a written detailed response that did not reach within the deadline.

The experience of the last one month amply demonstrated how the pandemic shook the world, tearing the order at its very seams. The future continues to be uncertain as the collective wisdom is currently being applied to contain the outbreak and sustain people under the lockdown.

Attempts to reach Anjum Nisar, president of the Federation of Pakistan Chambers of Commerce and Industry, did not succeed. The Overseas Chamber of Commerce and Industry Secretary General M Abdul Aleem defended the private sector’s position. “All governments, including that of the United States, are bailing out private companies. Else they will be forced to lay off, default and cause systemic risk,” he wrote back.

Majyd Aziz, president of the Employers’ Federation of Pakistan, has self-quarantined because of his interaction with PPP leader Saeed Ghani before he was tested positive for the coronavirus. He said the private sector currently finds itself trapped between a rock and a hard place. “The panic motivated business leaders to scale up their usual demands for relief, relief and more relief. Their demands are the same: quick disbursement of refunds, reduction in the markup rate and deferral of payments to the FBR, utilities, etc. However, for probably the first time, they also voiced their concern for wages and salaries,” he said.

“There is no unity in business leadership that seldom sits on the same side of the table. Each body is focused on issues. This is a time to realise that the treasury is under severe pressure as the FBR continues to miss monthly collection targets, political instability looms and uncertainty continues,” he added.

“Prime Minister Imran Khan is on TV every other day announcing relief for one sector after another. I have only heard business leaders demanding more but they rarely offer support in hard times. If exporters are getting refunds, shouldn’t a percentage be donated for relief?” he asked.

He said the business community should volunteer to help the government in the current crisis and “wait for the dark clouds to lift before asking for deliverance for selves”.

“We will swim or sink together,” another business leader critical of what he called the inward-looking mindset of the business community commented.

“The pandemic is testing the government and its structures. There is a possibility of its crumbling down under its own weight. Where are thought leaders and economists? Why have they gone underground? This is the time when we would like to hear from them,” he added, requesting anonymity.

“Despite all the hype about the dynamism of the market and its futuristic driver i.e. the private sector, it cranked at the first major jolt. Governments with all their flaws are functional and trying solutions. Some work some don’t, but they are at it,” another champion of lean, clean, effective and strong government argued.

“How come the booming drug industry of Pakistan is nowhere to be seen in the health crisis? They have sufficient cash to throw around for advertisement and image-building social exercises, but see no role for themselves in the provision of necessary basic medical supplies and testing kits in the current emergency,” he added.

own understanding for a more informed input in official huddles for their benefit. The government is keen to do all in its power as it understands the value of the sector for the economy and the country,” he said over the phone.

“Things have started moving,” he said, probably referring to the tax refund distribution and multiple packages announced by the prime minister and the finance minister to calm the anxious business community. He promised a written detailed response that did not reach within the deadline.

The experience of the last one month amply demonstrated how the pandemic shook the world, tearing the order at its very seams. The future continues to be uncertain as the collective wisdom is currently being applied to contain the outbreak and sustain people under the lockdown.

Attempts to reach Anjum Nisar, president of the Federation of Pakistan Chambers of Commerce and Industry, did not succeed. The Overseas Chamber of Commerce and Industry Secretary General M Abdul Aleem defended the private sector’s position. “All governments, including that of the United States, are bailing out private companies. Else they will be forced to lay off, default and cause systemic risk,” he wrote back.

Majyd Aziz, president of the Employers’ Federation of Pakistan, has self-quarantined because of his interaction with PPP leader Saeed Ghani before he was tested positive for the coronavirus. He said the private sector currently finds itself trapped between a rock and a hard place. “The panic motivated business leaders to scale up their usual demands for relief, relief and more relief. Their demands are the same: quick disbursement of refunds, reduction in the markup rate and deferral of payments to the FBR, utilities, etc. However, for probably the first time, they also voiced their concern for wages and salaries,” he said.

“There is no unity in business leadership that seldom sits on the same side of the table. Each body is focused on issues. This is a time to realise that the treasury is under severe pressure as the FBR continues to miss monthly collection targets, political instability looms and uncertainty continues,” he added.

“Prime Minister Imran Khan is on TV every other day announcing relief for one sector after another. I have only heard business leaders demanding more but they rarely offer support in hard times. If exporters are getting refunds, shouldn’t a percentage be donated for relief?” he asked.

He said the business community should volunteer to help the government in the current crisis and “wait for the dark clouds to lift before asking for deliverance for selves”.

“We will swim or sink together,” another business leader critical of what he called the inward-looking mindset of the business community commented.

“The pandemic is testing the government and its structures. There is a possibility of its crumbling down under its own weight. Where are thought leaders and economists? Why have they gone underground? This is the time when we would like to hear from them,” he added, requesting anonymity.

“Despite all the hype about the dynamism of the market and its futuristic driver i.e. the private sector, it cranked at the first major jolt. Governments with all their flaws are functional and trying solutions. Some work some don’t, but they are at it,” another champion of lean, clean, effective and strong government argued.

“How come the booming drug industry of Pakistan is nowhere to be seen in the health crisis? They have sufficient cash to throw around for advertisement and image-building social exercises, but see no role for themselves in the provision of necessary basic medical supplies and testing kits in the current emergency,” he added.

Published in Dawn, The Business and Finance Weekly, April 6th, 2020

DUBAI, United Arab Emirates, 5 February 2020, (AETOSWire): Corporate Connections, the Charlotte-headquartered global network of business owners and C-Level executives, has launched its first chapter in the UAE. This falls in line with line with Dubai’s strategies to connect with the world and accelerate business growth with the Expo 2020. The chapter in Dubai is Corporate Connections’ first in the region.

                                                                                                              

Corporate Connections provides global business leaders the ideal setting for generating exceptional and measurable results through executive networking opportunities. The international community of networking has active chapters in USA, Canada, Switzerland, Japan, India, Mexico and growing. The organization connects successful business executives, who are active in high-performance teams that focus on advanced referral, relationship marketing and networking strategies.

 

Established in 2004, the premier platform for accelerating executive-level connections is facilitating largescale businesses grow by building referrals generating relationships for hundreds of members around the world. Corporate Connections provides a global business network, resources and developmental opportunities for members with massive scope and performance.

 

Commenting on the launch of the organization, Mr. Robert Gervais, Global President, Corporate Connections, said, “We are pleased to launch here in the UAE, as the part of expanding operations across the Middle East. Our aim is to help the world of business and individuals continue to flourish by providing members with a well-structured referral business development system based on relationships. The UAE is an ideal nation with visionary rulers and progressive minded business leaders with entrepreneurial zeal. At times, these leaders feel lonely at the top and are missing the company and counsel of like-minded business owners. The UAE is a business hub and, hence, the value of connections is higher.”

 

“The members of first Corporate Connections chapter in the UAE represent a wide range of businesses – from hardware supplies to chemical supplies and automotive sales to manufacturing. We understand that the number of networking organizations is limited in the region. The target profile for Corporate Connections is a business owner or a C-Level executive, who is in business for over five years and a top line of over US $5 million. Most importantly, we are attracting people who have an ‘abundance’ mindset,” he added.

 

Mr. Chirantan Joshi, National Director – UAE, Corporate Connections, said, “Networking helps to accelerate business growth through business opportunities and recommendations. Networking is a relationship building process and we know that people do business with people they like and trust. Active networking increases your circle of connections and thus your opportunities for growth. I would say that networking can help you accelerate business growth.”

 

According to Joshi, networking accrues tangible benefits in terms of business opportunities but also builds companies’ social capital that are goodwill, friends, peer groups and emotional intelligence. “Corporate Connections provide its members solutions based on four primary goals that include increasing business opportunities through qualified introductions, upskilling members through learning and development events, peer advisory through master mind sessions, and building global connections by giving access to the members in other countries,” he added.

 

The members of Corporate Connections get the opportunity to develop business relationships, gain access to advanced professional development opportunities and to participate in peer advisory groups. The organisation’s proven model helps executives build strategic and tactical relationships through a structured and supportive environment comprised of other successful business executives. The members meet twice a month to build relationships and trust in a structured and tested format which ultimately helps them to get tangible and intangible personal and business benefits.

 

About Corporate Connections

Corporate Connections is a global community of successful business executives and owners who are active in high-performance teams that focus on advanced referral, marketing and networking strategies. Established in 2004, Corporate Connections helps business leaders identify and develop business opportunities in a collaborative environment. Embodying its Core Values, members provide each other with a personalized level of support that catalyzes commerce, nurtures networks and fosters friendships. The Corporate Connection members generate measurable results through strategic connections, which is done through regular and structured meetings with select business professionals who meet defined leadership criteria. For more information, please logo on to www.corporateconnections.com

 

 

*Source: AETOSWire

Gaucho Dubai Announces AED 250,000 Valentine’s Day Experience

Dubai restaurant creates a “Diamond Dining” experience - a luxurious and stress-free evening creating the ultimate proposal

 

Dubai, United Arab Emirates, February 06, 2020-(AETOSWire) -  Award-winning Argentinian restaurant, Gaucho Dubai, has gone all out this Valentine’s Day to one very special wedding proposal. The stylish restaurant located in Dubai’s DIFC, is offering a their “Diamond Dining” luxury experience that takes care of everything for one lucky couple culminating in the ultimate wedding proposal.

 

The uber exclusive proposal package costs AED 250,000 (USD $68,000) and comes with a checklist of sparkling elements that will surely wow any potential spouse. The fairytale evening starts with the couple being whisked away in a chauffeur driven Bentley carriage to indulge in a once in a lifetime seven-course meal (full menu below) with rare vintage wine pairings in Gaucho’s exclusive private dining room. The candle lit table for two will be surrounded by 300 red roses from Maison de Fleurs and will have 2002 Boerl & Kroff Champagne on ice. Once relaxed in the elegant private dining space, guests will then be presented with his and hers Rolex Datejust watches, engraved Gaucho steak-knives and of course the important 1.5 carat Pave Diamond engagement ring, from Tiffany & Co. 

 

Gaucho’s General Manager Juan Pablo commented, “We at Gaucho appreciate how nerve-wracking creating the perfect wedding proposal can be so, we wanted to take some of the pressure away from guests and assist in creating what is a very special memory. We love hosting and we especially love creating lasting moments for our guests. Valentine’s Day is always a fantastic night to be in the restaurant and we wanted to take it to another level with our exclusive one off “Diamond Dining” experience!”

 

To book Gaucho’s “Diamond Dining” experience or for further information, please contact Gaucho’s private guest relations manager, Bea Uribarri before 10th February on + 971 4 422 7898

 

For those not looking for an “I do”, Gaucho will also be offering a special four-course set menu priced at AED 500. Late night live entertainment will be available upstairs, as chic restaurant and lounge Indie DIFC hosts the ‘Love Caravan’. To book please contact enquire online at https://www.gauchodubai.com/book-a-table

 

Notes to Editors

Location: Gaucho Dubai, Podium Level, Gate Village 05, DIFC - Dubai

Phone: + 971 4 422 7898

Website: www.gauchodubai.com

Social media accounts: www.instagram.com/gauchodubai / www.facebook.com/GauchoDubai

 

T&Cs:

Diamond Dining package must be booked before 10th February

Only one experience available 

50% off must be paid on booking to secure reservation 

 

Diamond Dining Menu

Seven-course meal with wine pairings, to be served by the executive chef, with an explanation on each dish and the origin of ingredients.

 

Wild Sea Bass Ceviche topped with the finest Almas Caviar

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Japanese A5+ grade Kagoshima Sushi decorated with gold leaf

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Smoked Burrata with Alba white truffles, figs and 100-year-old balsamic vinegar dressing

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A5+ grade Tajima Kobe Steak served on a Himalayan salt plate with foie gras escalopes

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Seafood Platter of king crab, USA lobster tail, wild Madagascar tiger prawns, baby octopus & baby scallops

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Burnt Peaches, burned in an aged black label whisky and served with crème fraiche and to finish

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Gold Plated Chocolate Truffles

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*Source: AETOSWire

 

Dubai, United Arab Emirates, February 6, 2020 –(AETOSWire)- Although some treatments have little to no effect on the reproductive health of a patient, in certain other cases, cancer treatments are likely to impair the ovaries or testes, causing temporary or permanent infertility. 

Hence it is essential for patients to consult their oncologists or other treating doctors on the long-term impact such treatments can have on their reproductive function, and their chances of having children.

Dr. Monikaa Chawla, Reproductive Endocrinologist and Infertility Consultant at Fakih IVF said, “As cancer treatments can impact a patient’s fertility, they need to discuss the various fertility preservation options with their doctor beforehand, understand the risks involved with such treatments and the costs associated with them. Besides chemotherapy, doctors must brief patients regarding the various surgical or radiation therapies, and the impact each of these could have on the reproductive health.”

Dr. Hussein Kandil, Specialist Urology at Fakih IVF said, “By the time cancer treatment ends, the recovery of the reproductive function is unpredictable, as it depends on the type and duration of therapy given. Additionally, in male patients even if the sperm numbers have not dramatically declined, other parameters may get undoubtedly altered e.g. DNA-integrity which determines the potency of sperm function, hence it is advised to postpone pregnancy for some time until full recovery of the testis.”

The risk of infertility highly depends on the type and dosage of medication used. In women, age is also a contributing factor, especially as older women have fewer eggs increasing their chances of becoming infertile after the treatment. Hence in such cases women consider several fertility preservation options. Some of the most common procedures include egg or embryo freezing, a procedure involving the isolation of mature eggs from the ovary for future use. Patients opting for this procedure must consult with their oncologist regarding the safety of the procedure and the number of cycles of stimulation required before the cancer treatment.

“Depending on the number of eggs or embryos frozen in the first cycle, doctors can suggest the need of undergoing more cycles. One must remember that freezing more eggs increases the chances of conceiving in the future,” said Dr Chawla.

Men battling cancer are also looking at options that can increase their chances of having a child despite battling the disease. Fertility preservation for men includes collecting and freezing their semen prior to the cancer treatment. The sperm can then be thawed and used to fertilize eggs of the partner when considering starting a family.

As fertility preservation is increasingly becoming common among individuals battling life threatening diseases, it is imperative to consult your healthcare practitioner seeking the ideal treatment option before proceeding with the surgery.

Fakih IVF Fertility Center is one of the leading Infertility, Gynecology, Obstetrics, Genetics and IVF centers in the GCC region with centers in Abu Dhabi, Al Ain and Dubai. With several state-of-the-art technologies, the center is continually advancing in the field of reproductive medicine across the region.

*Source: AETOSWire

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