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Oman signs joint venture agreement with Air Trips and Stay to increase local and international deals – UAE

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Oman signs joint venture agreement with Air Trips and Stay to increase local and international deals - UAE

Oman Air has signed a strategic partnership with Trips & Stave, a subsidiary of the Kimanji Ramadas Group of Companies. The deal comes in the wake of the recent announcement that Oman Sultanates will ease travel restrictions and reopen its borders to vaccinated travelers if a negative polymerase chain reaction test report is submitted in early September. Engineer Abdul …

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Oman Air has signed a strategic partnership with Trips & Stave, a subsidiary of the Kimanji Ramadas Group of Companies.

The deal comes in the wake of the recent announcement that Oman Sultanates will ease travel restrictions and reopen its borders to vaccinated travelers if a negative polymerase chain reaction test report is submitted in early September.

In the agreement, Oman Air CEO Abdul Aziz bin South Al Raisi said: “Oman Air and Oman Air Holidays both play a vital and effective role in supporting Omani tourism, specializing in holidays and specialties in Oman by connecting a wide range of travelers from global markets. Apartments.

He continued, “The move is aimed at implementing the tourism sector domestically as part of Oman Air’s strategy.

He added, “This strategic partnership with Trips & Stay will already build the inventory speed of our major hotels and deliver goods at real-time prices. .

For his part, Kimji Ramdas Group Board Member Pankaj Kimji said: “At Kimji Ramdas Group, we are proud of this strategic partnership with Oman Air Holidays and the growth of this key sector in the Sultanate.”

He added: “Oman has topped the list of the most popular destinations not to be missed in recent years, and we expect this collaboration to contribute to Oman’s position in this regard.”

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Economy

Digital advertising is still in a state of uncertainty

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Digital advertising is still in a state of uncertainty

One of the golden rules in the business world is respect for the customer. This principle served Elon Musk when it came to Tesla and SpaceX. The message is if you want to drive or introduce an amazing car. Satellite to space, then Elon is what you are looking for. .

But the world’s richest man is testing the opposite side of the equation with his social media game, X, after several big companies, including Disney, Apple and IBM, have decided. Withdraw their ads from his platform. As a result of his endorsement of an anti-Semitic tweet, the world’s richest man delivered a clear message: “Go to hell.”

Advertisers seem to be taking Musk’s message seriously, and it would be easy to move to Google, TikTok or Facebook.

Platform X, formerly known as Twitter, represents a small slice of the vast digital advertising market. Media agency GroupM expects that digital advertising requires rare talent to turn a profit outside of the money fountain, but the success of “X” in this field is quite shocking.

GroupM expects the digital advertising market to grow 9.2% to $617 billion this year. The five largest global ad vendors, Google, Meta, and ByteDance, which operate TikTok, Alibaba, and Amazon, are expected to grow ad revenue by 25.4% on a combined annual basis between 2016 and 2022.

But some advertisers question how well other digital advertising platforms take care of their customers. A recent report by ad analytics service Adalytics found that ads for some major international brands and US and European government agencies continue to appear on pornographic sites and on companies in other banned countries.

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After analyzing 7.2 million websites on the Internet, Adaltics found numerous examples of ads for companies including Apple, BMW, Walmart and the US Treasury appearing on questionable sites without the advertisers’ knowledge. the way It allows third-party developers to embed search engines on their own sites, presumably through Google’s search partner network.

Showing ads this way not only puts advertisers’ reputations at risk, but also performs poorly, according to Analytics. Google announced investigations into Adalytics’ allegations, but found no evidence that ad revenue was shared with recognized companies.

However, the widespread adoption of machine learning systems is allowing marketers and digital advertising platforms to deliver and deliver more targeted and personalized ads than ever before.

“It allows us to send the right message to the right customer at the right time,” says Mark Reid, CEO of WPP advertising agency. So, for example, the agency used artificial intelligence and geolocation tools in 2021. 130,000 video ads for 2,000 local stores in India, all with Bollywood star Shah Rukh Khan’s “personal” endorsement.

Ads were viewed 4 million times on YouTube and Facebook, but Reid added that advertisers expect more transparency from digital platforms and third-party verification of where and when their ads are shown.

Reed said these platforms, which are interested in gaining market share, must encourage such transparency.

Some lawmakers are calling for tougher regulatory interventions to address the problem, and U.S. Senator Mark Warner called on the Federal Trade Commission and Justice Department to investigate “digital ad brokers operating in a concentrated, fraudulent ecosystem.”

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Arid Research senior analyst Richard Cramer says marketers have shown “sad negligence” by not paying enough attention while spending billions of dollars annually.

Kramer compared the digital advertising market to a vast, opaque stock market, where billions of trades are conducted daily and are subject to verification and settlement, while other trades often take place in “dark rooms.”

Kramer said Google may stop showing ads through its search and video partner networks, but the company wants to stay small, even if it’s better. He added: “None of these companies want transparency. “For big tech companies, transparency seems like a dirty word.” So, it’s time for advertisers to enforce such transparency, even if lawmakers don’t.

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Economy

Variation in weekly performance of Gulf shares… and Egyptian index rises 0.46%

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Variation in weekly performance of Gulf shares… and Egyptian index rises 0.46%

Dubai: “The Gulf”

Performance of stocks in GCC countries varied during the week; Dubai Financial Market Index alone lost 0.91% to 3951.52 points and Abu Dhabi Market Index lost 1.45% to 9400.75 points in 4 sessions.

In Saudi Arabia, the main market index TASI increased the week’s trade by 0.43% to close at 11,225 points, compared to 11,177 points at the end of the previous week.

In Kuwait, the general market index rose 0.33% for the week to close at 6654.64 points, compared to 6632.47 points at the end of the previous week.

In Bahrain, the Bahrain General Index rose 0.13% on the week to close at 1942.35 points, compared to last week’s 1939.77 points.

In Qatar, the Qatar Stock Exchange Index fell 1.93% in 5 sessions to close at 9,848.15 points, compared to 10,062.64 points at the end of last week.

In the Sultanate of Oman, the Muscat Stock Exchange Index fell 1.37% during the 5-session session to close at 4594.41 points, compared to 4658.17 points at the end of the previous week.

Outside the Gulf region, the Egyptian stock market index “EGX 30” increased the week’s trade by 0.46% to end at 24,686.16 points, compared to last week’s close of 24,571.98 points.

Weekly performance:

Egypt +0.46%

Saudi Arabia +0.43%

Kuwait +0.33%

Bahrain +0.13%

Dubai 0.91% –

Oman 1.37% –

Abu Dhabi 1.45% –

Qatar 1.93% –

See also  Hopes of passing a "debt ceiling" deal boost UAE stocks
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Economy

US stock indices rose at the end of today’s session; The Dow Jones Industrial Average rose 0.36%.

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US stock indices rose at the end of today’s session;  The Dow Jones Industrial Average rose 0.36%.
© Reuters US stock indexes edged higher at the end of today’s session; The Dow Jones Industrial Average rose 0.36%.

Investing.com – U.S. stocks were higher after the close on Friday, as the , , and .

By the end of trading in New York, it was up 0.36%, hitting its highest record level in more than 52 weeks, while it rose about 0.41% to close around 0.45%.

One stock stood out among today’s leading stocks Boeing Co (NYSE: ), which rose 3.00% or 7.12 points to 244.45. On the other hand, Goldman Sachs Group Inc. (NYSE: ) was up 1.82% or 6.27 points to end at 350.89. Chevron Corp (NYSE: ) was up 1.33% or 1.90 points to end at 144.32.

On weak performance at the end of today’s trade, Honeywell International Inc. (NASDAQ: ) traded down 1.61% or 3.18 points to trade at 194.61 at the close. Wal-Mart Stores Inc. (NYSE: ) traded down 1.08% or 1.64 points to 150.82, while Verizon Communications Inc . (NYSE: ) stock declined 1.05% or 0.41 points to close at . 38.24.

On the other hand, the best performers on the S&P 500 index were Paramount Global Class B (NASDAQ: ), which rose 12.11% to trade at 16.85, followed by Warner Bros Discovery Inc (NASDAQ: ). Shares rose 6.01% to close at 11.47 Lululemon Athletics Inc (NASDAQ: ) rose about 5.37% to trade at 489.64.

Among the weakest performing stocks today, we mention the company’s stock Enphase Energy Inc (NASDAQ: ), fell 3.88% to settle at 103.01, Dollar General (NYSE: ), lost 3.86% to 127.19, and Illumina Inc (NASDAQ: ), lost 3.58% to close at 112.94 in today’s session. In the stock market.

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On the other hand, the best performance in the Nasdaq index was recorded by stocks Intensive treatment Inc (NASDAQ: ), soared 63.81% at the price of 6.88, Conduit Pharmaceuticals Inc (NASDAQ: ) continued its rise at 45.48% and closed at 5.15 volume. Assure Holdings Corp (NASDAQ: ) rose about 34.43% to trade at 0.35.

Among the weakest performing stocks today, we mention the company’s stock Sink Inc (NASDAQ: ), which plunged 47.00% to close its session at 0.21, Golden Heaven Group Holdings Limited (NASDAQ: ), which lost 41.38% at 1.36, and Bluebird Bio Inc (NASDAQ: ), which lost 40.54% to close at 2.86 in the stock market today.

The number of shares that gained more than the number of shares closed on a lower trading basis on the New York Stock Exchange was unchanged at 82, with 1647 compared with 1237. As for Nasdaq, 1,959 stocks strengthened their position, 1,503 stocks declined, while 119 stocks maintained their value.

Lululemon Athletica Inc (NASDAQ: ) rose to an all-time high, up 5.37% or 24.97 points to trade at 489.64. The Boeing Co (NYSE: ) traded up 3.00% or 7.12 points to trade at 244.45 to hit its 52-week high. Shares of Intensity Therapeutics Inc (NASDAQ:) soared to an all-time high of 6.88 by adding 63.81% or 2.68 points to trade at 6.88. Shares of Golden Heaven Group Holdings Ltd. (NASDAQ: ) fell to new record lows, declining 41.38% or 0.96 points to trade at 1.36.

It measures the implied standard deviation of options on the S&P 500 index, which fell 5.44% to close at 12.35, hitting its highest record level in 3 years.

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Gold futures for February delivery were down 1.30%, or 26.55, at $2,019.85 an ounce. In other commodities trading, WTI crude oil futures for January delivery rose 2.80% or 1.94 to settle at $71.28 a barrel, while the February contract for Brent oil futures was up 2.51% or 1.86 points. and closed at $75.91 per barrel.

The EUR/USD pair maintained stability at 0.26% and traded at 1.08 levels, while the USD/JPY pair continued to gain 0.59% to reach 144.97 levels.

Dollar index contracts traded up 0.43% at 103.95.

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