Studies and reports

The hospitality and theme parks industry ranked last out of 15 industries surveyed in MBLM’s 2018 Brand Intimacy Report. The category's average Brand Intimacy Quotient was 22.8, well below the cross-industry average of 30.5. Within the category, Hilton, Jumeirah, Ferrari World, Rotana, Dubai Parks and Resorts, Marriott, Yas Waterworld Abu Dhabi, IMG Worlds of Adventure, Address and Aquaventure comprised the Top 10 brands.

Philip Morris International (PMI) has collaborated with Oxford Economics to monitor and analyse total consumption, domestic sales, and lost tax revenues due to illicit trade in the GCC region.

UAE markets ended on a mixed note as Dubai was marginally down by 0.1%, while Abu Dhabi closed higher by 0.3% for the day. Abu Dhabi extended its gains for the fourth straight session, which was supported by real estate, telecommunications, and banking sector stocks during the session. The weekly performance remained positive for both the indexes as Dubai and Abu Dhabi were up by 0.7% and 2.2% respectively on the back of positive sentiments seen in global markets.

Currencies

Rising inflation supports Euro

October’s headline composite output index for the euro area was revised upwards from an initial estimate of 52.7 to 53.1 as Germany’s Composite PMI was revised up significantly from the first estimate of 52.7 to 53.4. Growth in Germany, Europe’s largest economy, looks set to support the outlook for the euro area.

Kaspersky Lab researchers have discovered a wave of cyber-espionage targeted attacks aimed at Central Asian diplomatic organizations. The Trojan called “Octopus”, disguised as a version of a popular and legitimate online messenger, was attracting users amid the news of a possible ban on Telegram messenger in the region. Once installed, Octopus provided attackers with remote access to victims’ computers.