Google said it helped to drive more than $6.3 billion into the economies of the UAE and Saudi Arabia in 2021 on the back of technologies that are helping to support the growing digital economy.
Services of the Google ecosystem have been estimated to steer about Dh11.3bn ($3bn) in the UAE and 12.2bn riyals ($3.25bn) in Saudi Arabia, the Alphabet-owned company said in its inaugural Google Impact Reports for the respective countries.
The company's Android Developer System was also instrumental in supporting around 50,000 jobs in the UAE, it said.
The research, conducted by London agency Public First, surveyed the effect on local businesses, developers and content creators, and society as a whole, tracking the transformation of economies after the impact of the Covid-19 pandemic.
Despite the challenges it posed, Covid-19 helped accelerate e-commerce, remote working and the use of digital to support lifelong learning, the report said.
Google has continued to support the Middle East and North Africa region with its programmes designed to accelerate digital development and promote an inclusive ecosystem for businesses and the workforce built on innovation.
In October 2020, Google unveiled a $13 million fund to help one million people and businesses in Mena learn advanced digital skills, grow their businesses by the end of 2021 and support the region's economic recovery.
In July last year, Google was among the technology majors that partnered with the UAE government to train 100,000 young people in computer programming. The five-year initiative also aims to create 1,000 digital companies to boost the Emirati economy and increase government support for start-ups from Dh1.5bn to Dh4bn.
"We're deeply committed to continue investing and doing more through programmes and local partnerships," said Anthony Nakache, managing director of Google Mena.
Google's reports showed that the e-commerce sector, particularly, was at the forefront of the rising trends as people spent more time online and at home. Businesses in the UAE also adapted, with 35 per cent of those polled in the country starting to advertise online for the first time, Google said. For every Dh1 spent on ads, companies received Dh8 back, the search engine company said.
The UAE has one of the highest internet penetration levels in the world, but it had been lagging in e-commerce adoption rates until the pandemic encouraged more online activity. E-commerce penetration more than doubled in the Emirates ― to 12.1 per cent from 5.6 per cent ― between 2019 and 2021, according to consultancy RedSeer.
Google in November said that the UAE was poised to overtake the UK in the adoption of e-commerce as more companies in the Emirates expand their presence online and digital assets become an important part of consumers' perceptions of brands.
The UAE's e-commerce market is projected to grow 60 per cent to more than $8bn by 2025 from 2021, EZDubai and Euromonitor International said in a March report.
In Saudi Arabia ― where e-commerce doubled to 10 per cent between 2019 and 2021, according to RedSeer ― about 29 per cent of companies used online ads for the first time, which in turn returned eight riyals for every riyal spent. The Android Developer System supported about 29,000 jobs in the kingdom.
“In the last couple of years, Covid-19 has helped accelerate some pre-existing trends, such as the rise of e-commerce, the shift towards remote working and the use of online tools to support life-long learning," said Jonathan Dupont, a partner at Public First.
In Egypt, meanwhile, Google's services were able to drive about 11.2bn Egyptian pounds ($605m) in economic activity, according to the report for the country.
E-commerce recorded rapid acceleration, with 34 per cent of businesses advertising online for the first time, with each pound returning a profit of eight pounds. RedSeer estimates that internet penetration in the country more than doubled to 3.6 per cent from 1.5 per cent between 2019 and 2021.
In terms of hybrid working, organisations in the UAE had the highest interest, with almost two thirds of business leaders saying they would continue using this model even if the pandemic recedes. In Saudi Arabia, this figure is at 57 per cent, while in Egypt it is 59 per cent.
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
INDIA'S%20TOP%20INFLUENCERS
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More on animal trafficking
Asia Cup 2018 final
Who: India v Bangladesh
When: Friday, 3.30pm, Dubai International Stadium
Watch: Live on OSN Cricket HD
The five pillars of Islam
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
ELECTION%20RESULTS
%3Cp%3EMacron%E2%80%99s%20Ensemble%20group%20won%20245%20seats.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EThe%20second-largest%20group%20in%20parliament%20is%20Nupes%2C%20a%20leftist%20coalition%20led%20by%20Jean-Luc%20Melenchon%2C%20which%20gets%20131%20lawmakers.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EThe%20far-right%20National%20Rally%20fared%20much%20better%20than%20expected%20with%2089%20seats.%3C%2Fp%3E%0A%3Cp%3EThe%20centre-right%20Republicans%20and%20their%20allies%20took%2061.%3C%2Fp%3E%0A
Company%C2%A0profile
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Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
Points classification after Stage 4
1. Arnaud Demare (France / FDJ) 124
2. Marcel Kittel (Germany / Quick-Step) 81
3. Michael Matthews (Australia / Sunweb) 66
4. Andre Greipel (Germany / Lotto) 63
5. Alexander Kristoff (Norway / Katusha) 43
The biog
Hobbies: Writing and running
Favourite sport: beach volleyball
Favourite holiday destinations: Turkey and Puerto Rico
Ticket prices
General admission Dh295 (under-three free)
Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free
Buy tickets at: wbworldabudhabi.com/en/tickets
heading
Iran has sent five planeloads of food to Qatar, which is suffering shortages amid a regional blockade.
A number of nations, including Iran's major rival Saudi Arabia, last week cut ties with Qatar, accusing it of funding terrorism, charges it denies.
The land border with Saudi Arabia, through which 40% of Qatar's food comes, has been closed.
Meanwhile, mediators Kuwait said that Qatar was ready to listen to the "qualms" of its neighbours.
Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
Race card
4pm Al Bastakiya Listed US$300,000 (Dirt) 1,900m
4.35pm Mahab Al Shimaal Group 3 $350,000 (D) 1,200m
5.10pm Nad Al Sheba Turf Group 3 $350,000 (Turf) 1,200m
5.45pm Burj Nahaar Group 3 $350,000 (D) 1,600m
6.20pm Jebel Hatta Group 1 $400,000 (T) 1,800m
6.55pm Al Maktoum Challenge Round-3 Group 1 $600,000 (D) 2,000m
7.30pm Dubai City Of Gold Group 2 $350,000 (T) 2,410m
The National selections:
4pm Zabardast
4.35pm Ibn Malik
5.10pm Space Blues
5.45pm Kimbear
6.20pm Barney Roy
6.55pm Matterhorn
7.30pm Defoe
RACE CARD
5pm: Maiden (PA) Dh80,000 1,400m
5.30pm: Maiden (PA) Dh80,000 1,200m
6pm: Arabian Triple Crown Round-1 (PA) Listed Dh230,000 1,600m
6.30pm: HH The President’s Cup (PA) Group 1 Dh2.5million 2,200m
7pm: HH The President’s Cup (TB) Listed Dh380,000 1,400m
7.30pm: Wathba Stallions Cup (PA) Handicap Dh70,000 1,200m.
Ticket prices
- Golden circle - Dh995
- Floor Standing - Dh495
- Lower Bowl Platinum - Dh95
- Lower Bowl premium - Dh795
- Lower Bowl Plus - Dh695
- Lower Bowl Standard- Dh595
- Upper Bowl Premium - Dh395
- Upper Bowl standard - Dh295
Veil (Object Lessons)
Rafia Zakaria
Bloomsbury Academic
Company%20profile%20
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KILLING OF QASSEM SULEIMANI
Killing of Qassem Suleimani
Read more about the coronavirus
THE BIO
Bio Box
Role Model: Sheikh Zayed, God bless his soul
Favorite book: Zayed Biography of the leader
Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet
Favorite food: seafood
Favorite place to travel: Lebanon
Favorite movie: Braveheart
Kandahar%20
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MORE ON TURKEY'S SYRIA OFFENCE
DUBAI%20BLING%3A%20EPISODE%201
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Water waste
In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.
Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.
A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.
The Emirates is the world’s third largest per capita water consumer after the US and Canada.
