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MIDDLE EASTERN (B)

MIDDLE EASTERN (B)

Google, Facebook Projected to Make $176 Billion From Advertising in 2019

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WARC, the international marketing intelligence service, has found that of the $590.4bn spent on advertising worldwide last year, $144.6bn (24.5%) went to the Google and Facebook ‘Duopoly’, which equates to almost one in four dollars.  The duopoly’s adspend share is up from 20.3% in 2017 and is more than double the 10.8% recorded in 2014.

Google and Facebook are directly competing for video dominance. (Shutterstock)

Copyright 2019 World of Media JLT

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MIDDLE EASTERN (B)

All You Need to Know About the Oil Market This Week

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Oil prices went in different directions at the end of the week. Brent deteriorated to $67.03 per barrel and WTI rose to $59.04 per barrel, but both remain at four-month highs. Still, poor economic signals that added to the generally bearish mood did not manage to drive oil prices down because of the tightening global supplies that led the surprise drawdown in US inventories.

The 10 million barrels fall in US crude stocks was the largest drop since July 2018, due to a combination of strong exports and higher refining utilization. (Shutterstock)

Copyright: Arab News © 2019 All rights reserved.

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MIDDLE EASTERN (B)

Saudi Tourists to Boost Lebanese Tourism Sector This Summer

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Saudi Ambassador to Lebanon Walid al-Bukhari said he expected many Saudi tourists to visit Lebanon during the summer, after the country lifted a 15-month-old travel warning in February.

Bukhari’s comments came Thursday at an event marking World Down Syndrome Day. “We are seeing plenty of Saudis coming to visit their brothers in Lebanon. We expect a summer filled with brotherhood and love,” Bukhari said, according to the state-run National News Agency.

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Prime Minister Saad Hariri said Tuesday that 12,000 Saudi tourists had visited Lebanon in the weekend directly following the lifting of a Saudi travel warning last month. (Shutterstock)

Copyright © 2019, The Daily Star. All rights reserved.

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MIDDLE EASTERN (B)

Sudan-Egypt Row Escalates Over Red Sea Oil, Gas Bids

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A row between Sudan and Egypt escalated with Sudanese authorities summoning the Egyptian ambassador to Khartoum to protest Cairo’s “illegal” call for oil and gas exploration bids in the Red Sea area of Halayeb, which is claimed by both countries.

Egypt’s control of the Halayeb triangle, which lies in a mineral-rich border region, has for decades been an issue for Cairo and Khartoum, despite a general improvement in ties since an October summit.

State-owned South Valley Egyptian Petroleum Holding Company has invited bids for ten oil and gas exploration blocks in what it said were Egyptian territorial waters in the Red Sea. (Shutterstock)

© 2015-2019 The Arab Weekly. All rights reserved.

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MIDDLE EASTERN (B)

6 Tips to Help Companies Thrive on Change

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Change is inevitable and every organization, big or small, goes through it. Promotions, new hires, budget cuts, geographical expansion, and many other possibilities that are likely to happen frequently. However, the response to change and the results thereof can vary greatly from company to company and from team to team.

Change can be very unpredictable, especially when it comes to external and uncontrollable factors in the market and the economy. (Shutterstock)

© 2000 – 2019 Al Bawaba (www.albawaba.com)

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MIDDLE EASTERN (B)

Pakistan to Revive Its Economy With $50 Billion Foreign Investment

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Pakistan is moving in a right economic direction and confident of securing up to $50 billion foreign investment in the next three to five years, says a government official.

Pakistan’s Minister for Information and Broadcasting Fawad Chaudhry said it was one of the top priorities of Prime Minister Imran Khan to bring foreign investment into the country. Major chunk of this investment is expected to come from the UAE, Saudi Arabia and China.

Major chunk of this investment is expected to come from the UAE, Saudi Arabia and China. (Shutterstock)

Copyright © 2019 Khaleej Times. All Rights Reserved.

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Bahrain Ready to Develop Giant Oil, Gas Field

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Bahrain is keen to move forward by year’s end in teaming up with a US partner to develop its giant tight oil and gas find discovered a year ago.

The government of Bahraini King Hamad bin Isa al-Khalifa is hoping that development of the Khaleej al-Bahrain field will translate into a major oil boom for Manama, doubling the Gulf state’s crude oil production and providing substantial income for the debt-ridden country.

Some 60-70% of the Gulf kingdom’s revenues are derived from oil and gas sales, so a doubling of its energy-related earnings would greatly bolster Bahrain’s fragile economy. (Shutterstock)

© 2015-2019 The Arab Weekly. All rights reserved.

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