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GITEX Shopper promises consumer electronics bonanza

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Consumers across the Middle East would do well to wait until October to make their technology purchases this year given the extraordinary savings they will make at GITEX Shopper 2016. The region’s largest and most anticipated consumer electronics show continues to attract both the world’s top tech brands and the region’s largest power retailers. Taking place from 1st – 8th October at the Dubai World Trade Centre (DWTC), the eight-day sales extravaganza promises exciting new product launches and unbeatable offers across the full spectrum of technology, communication and entertainment sectors.

In addition to being a bargain hunter’s paradise for all things tech, GITEX Shopper serves as a playground of novel entertainment features, competitions, prizes and activities that will keep visitors enthralled and engaged from 11:00am to 11:00pm every day of the show. Millions of dirhams in prizes will be up for grabs this year, and will include an car [SUV], dream holidays and cutting-edge tech products given away daily.

Demand for the latest consumer electronics, whether for work, home, entertainment or communication, continues to grow in the Middle East. In the UAE alone spend on consumer electronics is expected to reach USD 4.58 million by the end of 2016, according to Business Monitor International (BMI) and the country remains one of the leading consumer technology markets in the MENA region. The country is rated globally as a key market because of its role as a trading hub serving the GCC and other neighbouring markets. Retailers and distributors in the emirate serve a potential market of almost two billion people, with GITEX Shopper acting as an important additional retail marketplace to reach a wider segment of consumers.

“GITEX Shopper has always been an exciting and much anticipated event – as much for consumers as it is for those participating on their stands. This is a show that contributes considerably to the market, bringing new products to the region, and offering retailers and top brands a shopfront with exceptional footfall,” said Trixie LohMirmand, Senior Vice President, Dubai World Trade Centre (DWTC). “Waiting has never been so worthwhile – not only will visitors be able to choose from the widest range of the latest products, they’ll be saving more by buying at GITEX Shopper. It’s unbeatable in every sense.”

Expected product leaders at GITEX Shopper this year reflect the global trends in consumer electronics, with the handheld devices segment expected to maintain its dominant position, particularly as smartphones continue to increase in capability and features. The audio/video segment is predicted to develop at a rapid pace thanks to the introduction of wireless technology in audio devices, while the demand for innovative connected television sets is expected to be a major driver of the consumer electronics market, both regionally and globally.

With the wearable tech market forecast to reach a staggering US$56 billion by 2020, fashionable and functional devices such as the Apple watch, Samsung’s Gear Fit2, Fitbit Surge and Garmin’s Vivoactive are likely to be in high demand. And with Virtual Reality quickly becoming an actual reality for all, heads-up displays such as Samsung Gear 360 and Gear VR are making VR hardware both accessible and affordable.

The world’s top tech brands and regional power retailers will offer the latest range of products in each technology segment at GITEX Shopper 2016. Commenting on Samsung’s participation and their new dedicated Virtual Reality Zone, Purushotham, Head of Marketing (Smartphones & Tablets), IT & Mobile Division at Samsung Gulf Electronics, said: “Our participation at GITEX Shopper has grown consistently over the past eight years, both in size and scale, as well as the diversity of our product offering. This year we will be showcasing our latest range of smartphones including the Galaxy Note7 and Galaxy S7/S7 edge, as well as ground breaking innovations such as the Gear 360 and the Gear VR. We will have a dedicated virtual reality zone complete with 4D chairs to transport visitors into whole new world of possibilities. We are sure that fitness enthusiasts will find our growing wearables segment, with the recently launched Gear Fit2 and IconX, especially intriguing.”

More than 35,000 products will be on offer at the show this year, with global players such as Dell, HP, Huawei, Samsung, Microsoft and more among the many brands showcased. Top regional distributors and retailers, including Emax, Jacky’s, Jumbo, Plug Ins and Sharaf DG, will be enjoying healthy competition with spectacular promotions being created exclusively for GITEX Shopper visitors.

Promising incredible offers and surprises during the show, Nadeem Khazadah, Head of OmniChannel Retail at Jumbo Group said: “Jumbo Group has been an active participant at GITEX Shopper since its inauguration 25 years ago. The show is an indispensable channel for us to engage with both existing and new customers, and is a key factor in our annual growth in sales and volumes. This year we are expecting a rise in wearables, fitness devices and VR headsets, backed, of course, by high volume sales of smartphones. Our special offers will include multimedia headphones, Bluetooth speakers and large screen televisions, and we’re telling Shoppers to also watch out for a surprise in the VR space.”

“GITEX Shopper is not just an electronics exhibition; it’s a platform that allows us to demonstrate our strength in customer service and customer experience. We are coming up with some innovative concepts for our visitors this year, something truly special that has never before been done at the show – and that’s only part of what we’ll be offering in terms of best deals, offers and promotions,” said Mahesh Chotrani, Assistant Vice President of Jackys electronics.

GITEX Shopper 2016 will take place from 1 – 8 October and will open from 11:00am – 11:00pm every day. This year, tickets for GITEX Shopper will be priced at AED 30 for the weekdays and AED 35 for the weekend. Entry is free for children below the age of five.

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THIRD EDITION OF BENTLEY’S EXTRAORDINARY WOMEN INITIATIVE WELCOMES STUDENTS FROM THE UK AND QATAR TO CREWE

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Extraordinary Women

The third edition of Bentley Motors’ Extraordinary Women initiative has concluded with students from universities in the UK and Qatar spending a week at the luxury car brand’s headquarters in Crewe, England. As part of a specially designed schedule, they met with Bentley experts and executives, went behind the scenes of its manufacturing operations, and tackled individual tasks.

Designed to encourage and develop the next generation of young female leaders, the 2024 edition of the Extraordinary Women programme has seen the students receive one-on-one mentorship over the past three months from a selection of inspirational Pioneers from the fields of technology, engineering, design, and business.

The students, who passed through a structured selection process focused around these four specific fields, came from a variety of participating universities: including The University of Doha for Science and Technology in Qatar, and the Universities of Bath, Loughborough, and Manchester Metropolitan in the UK.

Noora Al-Hajri, University of Doha for Science & Technology student, commented, “This experience has been nothing short of life-changing. Through the programme, I have gained invaluable knowledge and skills that will significantly impact my personal and professional growth. The opportunity to learn from inspiring mentors in both Qatar and the UK has been particularly enriching. Their guidance has broadened my horizons, challenged me to think critically, and empowered me to pursue my dreams with renewed confidence. The opportunity to visit the Bentley headquarters at the end of the programme has also been truly awe-inspiring. Thank you, Bentley, for believing in us and for creating such a transformative programme.”

The Pioneers were equally carefully selected. In the UK, entrepreneur Sara Davies MBE, founder and owner of Crafter’s Companion and TV personality from BBC One show Dragons’ Den, provided business mentorship, with Cecilia Harvey, founder of Tech Woman Today, offering the same in the field of technology.

Titi Oliyide CEng MIET, Senior Process Safety Engineer and winner of the 2023 Young Woman Engineer of the Year, mentored the engineering student, and renowned interior designer and Founder of Studioilse, Ilse Crawford provided design support.

The four Qatari Pioneers included Qatar’s UNESCO art ambassador, Muna Al-Bader, in the field of design. Dr Noora Fetais Al Marri, honoured by the Arab Women of the Year 2024 awards for her contributions to cyber security. Education and founding President of the Arab Association for Cyber Security, offered technology mentorship.

Covering the field of engineering was Dr. Hanan Farhat, founder of the Qatar Association for Women Engineers, and Dr. Buthaina Al Ansari in the field of business, who is a senior advisor at the organisation that established Tamkeen Training and Consulting Solutions.

Member of the Board for Human Resources at Bentley Motors, Dr. Karen Lange, commented, “With every year, the Extraordinary Women programme grows stronger, as exemplified by the quality of this year’s Pioneers, all who have generously given their time in the spirit of collaboration as we seek to build a legacy for young women. It has been a great honour to meet and engage with such talented young women during their visit – witnessing their energy and ability fills me with great optimism for the future.”

Launched in the UK and Middle East in 2022, the Extraordinary Women initiative has previously engaged students and Pioneers from the United Arab Emirates, Saudi Arabia, and the United Kingdom. It forms part of Bentley’s wider commitment to diversity, equity, and inclusion under its Beyond100 strategy, and was created to encourage women to explore a variety of career paths in the STEM and automotive sectors.

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Financial

Reem Finance signs with Network International to accelerate digital transformation

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Network International (Network) has announced the signing of a strategic partnership with Reem Finance, the leading financial services provider in the UAE. The strategic alliance aims to leverage Network’s expertise to provide a fully-fledged payment processing solution to support the digital transition.

The partnership with Network complements Reem Finance’s focus on offering customers with a unique banking experience in tune with the digital age. The scope of services includes a comprehensive range of products and services from transaction processing, card hosting and management, as well as value-added services. As the region’s largest payment solutions company, Network is committed to supporting the UAE financial services sector by providing innovative solutions to customers and enhancing the experience of consumers.

Navneet Dave, Managing Director & Co-Head of Processing – Middle East at Network International, commented, “We are thrilled to partner with Reem Finance as we jointly deliver innovative digital payment solutions that offer an effortless and secure experience for customers. Our collaboration builds on Network’s three decades of experience and expertise in creating world-class digital payments infrastructure and services for clients. It underscores Network’s commitment to empowering our partners with cutting-edge processing services and value-added solutions and driving growth in the UAE financial services industry.”

Mr. Seraj Faidi, CEO of Reem Finance,said: “As part of our ongoing commitment to enhancing the quality of our products and services for our esteemed clients, and in light of our recent collaborations with prominent service providers and partners, we are delighted to partner with Network International to explore innovative paths to accelerate digitizing our services to better serve our customers. This engagement is an important step for Reem Finance in expanding our capabilities to provide top tier, friendly and easy to use services to our customers. We are confident that with Network International, the processing of card transactions related to both consumer and commercial sectors will be state-of-the-art and seamless. We are committed to playing a vital role in elevating the financial system in the UAE, delivering value to our shareholders, and prioritizing the needs of our clients.”

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Financial

Wio Bank Redefines SME Banking with New Embedded Finance

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Wio Bank PJSC is introducing a new embedded finance service designed especially for the UAE’s small and medium-sized enterprises (SMEs). This initiative includes strategic partnerships with leading accounting software platforms Zoho Books, Fiskl and Wafeq, aiming to embed banking services into daily business operations and simplify financial management.

Wio Business, the bank’s first digital banking application, caters to micro, small, and medium enterprises (MSMEs), as well as freelancers and entrepreneurs. By directly integrating with accounting and financial management systems through APIs, Wio Business facilitates seamless financial workflows, enhancing management and eliminating the need for third-party intermediaries. This integration automates bookkeeping, significantly reducing manual labor and allowing businesses to concentrate on their core activities.

Jayesh Patel, Chief Executive Officer of Wio Bank PJSC, shares his vision for the new service: “By adopting Embedded Finance, we are transforming how businesses manage their finances. Our direct integration initiative simplifies how financial services are delivered and managed, making it easier and more transparent for SMEs.”

With over 94% of UAE businesses categorized as SMEs and significant contributors to employment, Wio Bank’s new service is tailored to meet a vital market need. This initiative, along with its strategic partners, is designed to simplify business operations, allowing them to thrive by focusing on growth rather than administrative financial tasks.

A New Era of Financial Management

Through Wio Business, companies can now link their accounts with selected software platforms such as Zoho Books, Fiskl, and Wafeq, offering a holistic view of their financial health. This integration eliminates the dependency on third-party intermediaries, simplifies financial workflows, ensures real-time financial insights with automatic updates, and streamlines accounting tasks with features like auto-reconciliation of bank statement. Additionally, integrating Wio Business APIs into Corporate ERPs and payment platforms facilitates automated account payables and instant transaction reconciliation, thus reducing manual labor and errors, and enhancing cost efficiency and operational gains.

Wio Bank was established to redefine banking in the UAE for both businesses and consumers. Its second digital offering, Wio Personal, is a day-to-day banking platform that changes how individuals see, manage, and grow their money. It provides users with unprecedented financial visibility and flexibility, serving as a foundation for achieving personal financial goals with an engaging experience that includes smart cards and exciting rewards.

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