L’OCCITANE strengthens its support programme in Burkina Faso to help fight COVID-19

L’OCCITANE strengthens its support programme in Burkina Faso to help fight COVID-19

 As part of its deep commitment to its partners and suppliers of natural raw ingredients, the L’OCCITANE Group is boosting its support for women shea butter producers in Burkina Faso.

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UAE-HEADQUARTERED FIRST OF ITS KIND BUSINESS SEARCH ENGINE PLATFORM

UAE-HEADQUARTERED FIRST OF ITS KIND BUSINESS SEARCH ENGINE PLATFORM, HUBB, LAUNCHES GLOBALLY

 

  • Global portal, Hubb, has been in development since 2013 with the view to change the way in which businesses connect with their customers through e-commerce
  • Hubb sets-out with intentions to change the e-commerce market for the better by removing the high-fees associated with traditional third-party business-models seen by other e-commerce giants
  • Hubb provides an affordable subscription-based service catering for a range of industries, offering a cost-effective option to help start-ups and SMEs thrive
  • Dubai Chamber of Commerce predicts 70% of Dubai companies will close within six months due to COVID-19 – Hubb aims to offer SMEs a sustainable solution for growing their business

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COVID-19 WILL PERMANENTLY CHANGE THE WAY WEALTH MANAGERS…..

COVID-19 WILL PERMANENTLY CHANGE THE WAY WEALTH MANAGERS DELIVER ADVICE AND SERVE CLIENTS IN THE MIDDLE EAST

 

New report says global high net worth (HNW) wealth will decline by $3.1 trillion in 2020

 

Dubai, United Arab Emirates – June 15 2020: Covid-19 will fundamentally change the way the Wealth Management industry in the Middle East operates, according to a new report released by Oliver Wyman and Morgan Stanley.

 

The report, called Wealth Management: After the Storm, highlights how a ‘golden decade’ of growth for the Wealth Management industry has been drastically disrupted by Covid-19 and has introduced a new reality that will require flexible planning to drive performance over the next five years.

 

Oliver Wyman’s pre-Covid-19 estimates saw wealth growing consistently at six percent from 2019 onwards, however, the pandemic will see roughly one lost year of wealth growth.

 

“We see global high net worth wealth declining by four percent, or $3.1 trillion in 2020, which is a major shift from the previous decade’s consistent annual growth trajectory,” said Raji Souag, Partner at Oliver Wyman Middle East.

 

“Wealth Managers have benefited from more than eight percent annual wealth growth on average, however, Covid-19 has introduced a different reality. Although Wealth Managers have proven to be a stable anchor to group profitability, the industry has seen a transformational change during this period.

 

“To drive this transformation, digitalisation and globalization will be among the immediate priorities of Wealth Management firms. This will allow the industry to sustain its profit margins whilst adhering to rapidly changing client expectations.”

 

The report says Wealth Managers have previously benefited from strong growth in HNW client wealth, which has offset declining margins and masked operating model inefficiencies. With this ‘tailwind’ gone for the immediate future, Wealth Managers need to act now to position their business to capture longer-term growth in the ‘new normal’.

 

To succeed, according to the report, Wealth Managers must:

 

  • Adapt by rolling out new advice delivery models and accelerating digital capabilities
  • Defend business economics by finding operating leverage through improved approaches to cost
  • Consolidate share and drive growth via differentiated product offerings and ‘inorganic’ opportunities

 

The report highlights how increased digital engagement has underpinned the need for Wealth Managers to re-design their delivery models and accelerate their digitization efforts. Advisors will remain central to client relationships, however, they need to be supported with strong digital capabilities, according to the report.

 

Although countries in the GCC have traditionally preferred in-person interaction, there has also been a shift in behaviour, driven by emerging wealth segments and generational shifts. Despite this, more than 85 percent of high-net-worth investors polled in a proprietary Oliver Wyman survey prior to Covid-19 said they valued the ability to talk with an advisor, versus less than one third who valued advice delivered via ‘robo-advisors’.

 

“The market turmoil prompted by the current situation has underscored the value of having access to human advisors driven by the complexity, diversity and urgency of client requests during this period of change,” said Souag.

 

For further details, please see the attached report and visit https://owy.mn/37k9Vc0

 

-Ends-

Sherpa Communications delivers consultancy services for the official launch of DXBUY in the UAE

Sherpa Communications delivers consultancy services for the official launch of DXBUY in the UAE

Dubai, UAE— 15 June, 2020 — Sherpa Communications, a business consultancy and communications agency in Dubai providing PR services for companies within the UAE and Middle East region was recently appointed by DXBUY, the UAE’s first B2B e-commerce platform that connects small businesses with manufacturers and wholesalers, to announce its official launch in the region.

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Opaala تبدأ حقبة جديدة في عالم الضيافة بتوفير نظام خدمة ذكي ومتطوّر لتعزيز قطاع الضيافة

Opaala تبدأ حقبة جديدة في عالم الضيافة بتوفير نظام خدمة ذكي ومتطوّر لتعزيز قطاع الضيافة

الشركة الواقعة في دبي تقدّم تقنيتها الفريدة إلى منشآت الضيافة في دولة الإمارات بصورة مجانية لمساعدة القطاع في التغلب على الآثار الناجمة عن جائحة فيروس كورونا

Continue reading Opaala تبدأ حقبة جديدة في عالم الضيافة بتوفير نظام خدمة ذكي ومتطوّر لتعزيز قطاع الضيافة