Studies and reports

Every year, the battle to survive as a brick-and-mortar retailer gets tougher. As consumer expectations heighten and ecommerce sales continue to rise, businesses too slow to adapt to a digital world have a tough road ahead, according to a new study by Aruba, a Hewlett Packard Enterprise company.

Global accommodation marketplace and experiences platform, Airbnb, revealed a major jump in bookings and arrivals to Dubai during the Dubai Desert Classic (24 – 27 January). One of the region’s most prestigious golf tournaments held at Emirates Golf Club, attracts thousands of domestic and international visitors each year. Guest arrivals on Airbnb are set to more than quadruple on the 24th January, the first day of the competition, when compared to average daily arrivals in January 2019.

Global markets have rallied during the month of January to record one of the best monthly gains during the past 30 months. The markets have continued the upward trajectory on the back of optimism of potential resolution between the US and China, which could have a positive impact on global economies.

The Central Bank announced that the Money Supply aggregate M1 increased by 1.3%, from AED 479.5 billion at the end of November 2018 to AED 485.6 billion at the end of December 2018.

The next big wave of innovation in financial services will be driven by incumbents starting with a blank canvas, according to Oliver Wyman’s 2019 State of Financial Services report titled “Time to Start Again” launched today at the World Economic Forum Annual Global Meeting in Davos.