Author: News Desk
The United Arab Emirates (UAE) has set its sights on becoming the world’s premier economy, with the Vice-President unveiling a comprehensive 10-point plan to guide this ambitious vision. Titled the ‘Economic Principles of UAE,’ the document outlines key strategies to position the country as an integrated, forward-thinking, and globally open free-market economy. Guiding Principles for a Global Economic Hub The Economic Principles of UAE underscore the nation’s commitment to building an integrated economy supported by robust digital infrastructure, secure systems, and adaptable legislation. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, sees this…
Smartphone manufacturer Samsung is poised to unveil its latest Galaxy S24 flagship series, with three rumoured models: standard, Plus, and Ultra. Recent reports suggest that the Samsung Galaxy S24 could feature a brighter display, enhanced battery, and other improvements. The company is reportedly planning to launch its next S-series flagship phones earlier than usual. The Galaxy S24 series is expected to hit the market as early as January, and more information about the event’s specifics are expected to be unveiled by Samsung soon. Samsung is expected to launch the Galaxy S23 line-up with Titanium frames, taking cues from Apple, and a choice of Qualcomm and Exynos chipsets. Though…
Workers in Asia-Pacific are predicted to receive the biggest real pay increase in 2024, according to ECA International. The new estimates revealed that the average real-terms pay increase there will hit 2.2% for 2024. According to the report, this is higher than the average real terms pay increase of 1.8% this 2023. According to the latest annual Salary Trends Report, UK salaries are expected to increase by 1.3% in 2024 in real terms as UK businesses expect to repeat a higher than usual nominal pay increase of 5%. This equates to an average salary boost of £447 – the highest real-terms increase since…
Starting and running a successful business is a challenging but rewarding endeavour. One of the key elements of entrepreneurial success is targeting the right customers. Identifying and connecting with your target audience is essential for your business to thrive. In this article, we will explore strategies to help you effectively target customers in your entrepreneurship journey. Define Your Ideal Customer Before you can effectively target your customers, you must have a clear understanding of who they are. This involves creating a detailed buyer persona, which includes demographic information, behaviours, and preferences. By understanding your ideal customer, you can tailor your…
The saga of WeWork, once a shining star in the startup universe with a staggering valuation of $47 billion, has taken a dark and tumultuous turn. The flexible workspace provider, known for its revolutionary approach to office space, recently sought refuge in U.S. bankruptcy protection. The crippling debt burden, exacerbated by the dwindling demand for office space among cost-conscious clients, has raised significant concerns about the sustainability of the WeWork model. In this article, we will delve into the remarkable rise and catastrophic fall of WeWork and extract essential lessons that startups can adopt to navigate the treacherous waters of…
Infosys co-founder Narayana Murthy a few days back flared a debate on social media by saying youth should work 70 hours a week, however, Indians are already the sixth most hardworking out of163 countriesin the world. The ranking is based on taking the average number of hours per week for each employed person in India, which works out to 47.7 hours, according to the latest International Labour Organisation (ILO) data of April 2023. The report reveals that Indians work longer than workers in China (46.1 hours), Vietnam (41.5 hours), Malaysia (43.2 hours), the Philippines (39.2 hours), Japan (36.6 hours), the United States (36.4 hours) and…
A country’s talent is its powerhouse. Talent acquisition deals with the strategies, tactics and processes for identifying, recruiting and retaining the human resources a company needs. It includes developing, implementing and evaluating programs for sourcing, recruiting, hiring and orienting talent. According to the 2023 Global Talent Competitiveness Index comprising 134 countries, published by business school Insead, Switzerland emerges as the leading nation in cultivating talent, closely followed by Singapore and the United States. Denmark, the Netherlands, Finland, Norway, Australia, Sweden and the United Kingdom complete the rest of the top ten. GTCI data from the past decade reveals that Switzerland has maintained its top…
Starting and growing your own business can be a rewarding yet challenging endeavour. As an entrepreneur, you need a dedicated and skilled team to support your vision and turn it into a reality. Finding the right people to join your entrepreneurial journey is crucial for success. In this article, we’ll explore key tips to help you build a strong team without resorting to plagiarism. 1. Define Your Vision and Mission Clearly Before you start building your team, it’s essential to have a clear vision and mission for your business. Define your goals, values, and long-term objectives. When your potential team…
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, is taking bold steps to position Dubai as a hub for Generative AI innovation. He has directed the organisation of the Global Prompt Engineering Championship in May 2024, aligning with Dubai’s commitment to harness the potential of AI. This groundbreaking championship, in collaboration with the Dubai Centre for Artificial Intelligence, is set to elevate Dubai and the UAE as a destination for Generative AI talent and innovation. With a substantial prize pool of Dh1 million, the championship will revolutionise content creation across various domains using AI. A Visionary…
Amazon’s founder, Jeff Bezos, known for his unconventional leadership, introduced an innovative program at the tech giant in 2014. This program aimed to retain dedicated employees looking to advance their careers within the company. Bezos offered resigning workers up to $5,000 or ₹4.1 lakh as part of the ‘Pay to Quit’ option, aiming to maintain a committed and motivated workforce. The ‘Pay to Quit’ Initiative Jeff Bezos initiated the ‘Pay to Quit’ program at Amazon, a unique approach to retaining talent. The program allowed employees considering leaving the company to receive financial incentives, ultimately designed to encourage them to stay.…