Twitter is more used per capita in Saudi Arabia than anywhere in the world. AP Photo/Matt Rourke, File
Twitter is more used per capita in Saudi Arabia than anywhere in the world. AP Photo/Matt Rourke, File

Will video marketing make the written word obsolete?



A lot of my friends barely read physical books or newspapers.

One of my brothers prefers to watch a documentary video about a topic of his interest than read a book or an article about it. He says he is more of a visual person, and that he can receive all the information he requires about a subject within an hour, as opposed to reading a book about it that could take a few days depending on its length.

There has been a lot of debate about whether print will become obsolete. A survey conducted by Pew Research last year found that half of American adults now own a tablet e-reader. When Kindle launched 10 years ago, the idea was revolutionary. Environment activists and tree lovers applauded it as that would mean more trees would be spared.

My mentor is a fan of the digital device, as he travels a lot and loves to travel light. “But if I like a book or a movie based on a book, I make sure to buy a hard copy to add it to my library,” he says.

With the enhancement of digital devices and platforms, what does that mean for marketing? Will video be the dominant marketing tool? You bet.

YouTube receives more than 1 million unique visitors every month, which is more than any other social media channel. Cisco, a leading American networking solution provider, published a study that predicted that in two years, 80 per cent of internet traffic will be online video, including everything from short social media videos, YouTube videos, and internet-to-TV videos. Just three years ago, that figure was 64 per cent.

That is not surprising. From personal work experience, I have also found from my marketing and branding consultancy that including a video in a social media marketing campaign is one of the best tools to get our message out there.

Many of Instagram’s GCC influencers have also started YouTube channels where they document their lives or discuss a topic of interest.

It does not stop only at influencers; many users have also started travel channels, or enjoy documenting their daily lives and sharing it with the world -as in the case of two of my teenage cousins.

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SnapChat is one of the tools that is making the job more simple with its easy to add filters and video upload. The fact that the video will be deleted in 24 hours, one of SnapChat’s perks, has also encouraged many to upload silly videos that they know would not live in the internet forever and nor would they want them to.

But to predict whether video content will make written content obsolete and video become dominant is difficult, as much research online reveals.

Although e-books and videos are increasing in popularity, physical books have become popular again. The hashtag on Instagram - #bookstagram, for instance, - is gaining a growing following, where users share beautiful covers of books.

Penguin has republished classic books with a new artistic look, which have been very trendy mainly due to their own beautifully designed covers and how they have been marketed as collectibles.

Two of my friends are big fans and are always on the lookout for new, special editions by publishing houses, which they can add to their library, and decorate their social media feed with.

Still, as you market your brand, and especially if you are active on social media or if you want to raise awareness about your brand through its many channels, discounting video as a marketing tool is a huge mistake.

Video is not only more instantly engaging, especially for those on the go, it is also easy to share, via Whatsapp for instance, or other messenger tools. In the GCC, Whatsapp messages are mainly delivered in video format. GCC nationals are also very visual, and like concise information especially when it is consumed online.

According to Global Media Insight, the top active social chat apps and messengers in Saudi Arabia, for instance, are Whatsapp, followed by Facebook messenger and Skype. In addition the kingdom has the highest penetration of Twitter users in the world. The per capita consumption of YouTube is also the highest in the world.

Video marketing will not go away anytime soon. The availability of different video sharing platforms has made it easier than ever to share your story.

Manar Al Hinai is an award-winning Emirati writer who manages her branding and marketing consultancy in Abu Dhabi.

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
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Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia