A more appropriate image would have been a scene with tumbleweed rolling through, says Adam Kwasniewski, but after considering it he settled on a map instead.
The image the Google Mena head of SME marketing refers to featured in a presentation he delivered last month on the basics of digital marketing at GlassQube Coworking on Abu Dhabi’s Reem Island. He used the map – with its tiny green spots marking UAE businesses with an online presence – to illustrate how skeletal it looked compared to European cities, which are literally carpeted in colour.
According to Mr Kwasniewski, the UAE has 15 times fewer businesses online than any other market in the European Union.
He set out a scenario to illustrate his point to the audience, which was made up of aspiring and established entrepreneurs, as well as private and public sector employees.
“Let’s imagine that I need a light bulb. I live in Dubai and I was looking for a specific model that goes with my lamp. And the only shop that was capable of showing [if it] had it in stock was Ikea,” says Mr Kwasniewski.
“I am absolutely sure that between my place and Ikea there are at least 57 shops that have it. They just failed to inform me that it was there. If their phone number is not active and I have no clue where they are, this is a missed opportunity. And it’s not really super-costly. If you are not a single-service business, just make sure people understand what your products are or what you have in your store.”
Hicham Houmane, 31, from Morocco, attended the event to pick up some tips for marketing his automatic online Arabic proofreading tool called Hamza, which corrects spelling and grammar mistakes and gives users style solutions. It has launched a couple of test versions, but the official site is expected to go live on Wednesday of next week.
“Right now we’re getting ready to pick up speed because we are getting ready to launch at least a limited version and we need a more complete marketing plan, so I was just basically getting ideas,” he says.
“So far we have competed for some very low-value key words and that allowed us to reach a lot of audience for a nominal fee of something less than Dh30 a day. Most of our key words were in Arabic and they were around spelling mistakes and proofreading. It’s not something that has a lot of competition. So it is not something everybody can do, but for us, it worked.”
The audience heard that Google digital marketing packages can cost upwards of US$3,000 a month, an expense his early-stage start-up cannot yet afford.
“As a start-up we’re not anywhere near that yet. But I see the value of it. Even without that there are certain things you can get for free,” says Mr Houmane.
“When you sign into Adwords, there is an offer they give you where you can get contact with somebody working in Google on how to set up your ad campaign. And this is done for free for anybody once they set up their first account. If you take advantage of that, there is a Google AdWords course also available for free, which is something that is also useful.”
Audience member Miral Zalabani, 37, is the chief executive and founder of Wellabina, an app she aims to launch in May that will help people find, review and book wellness and beauty appointments. She is interested in using the paid-for product once her business is established.
“I was hoping to find out about the tools that Google can help the upcoming companies – because I am not even an early-stage start-up, so what can Google do for me? Apparently [nothing] yet. You have to be an early-stage start-up,” says Ms Zalabani, who is Egyptian but was born and raised in Abu Dhabi.
Mr Kwasniewski suggests that people at Ms Zalabani and Mr Houmane’s stage should never pay for advertising, and should instead make use of free tools and focus on their products.
“Secondly, a testing environment, from my perspective, is super-critical. If you are ready to go live, make sure you can be easily found right across mobile devices. Don’t forget that part,” he says.
Finally, businesses should get to know their customers to learn how they can scale up.
“The best piece of advice they gave was do not pay for advertising until No 1, you understand what you are asking for from a digital marketing agency,” says Robyn Brazzil, a programme manager with StartAD, a startup incubator based in New York University Abu Dhabi.
“And No 2, you have to know your customer first. Paying for a bunch of advertising [without doing that first] is just going to get you a number of clicks that don’t convert. People don’t understand that it’s converting the people who come to your platform, not just creating general awareness.”
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More on animal trafficking
Huddersfield Town permanent signings:
- Steve Mounie (striker): signed from Montpellier for £11 million
- Tom Ince (winger): signed from Derby County for £7.7m
- Aaron Mooy (midfielder): signed from Manchester City for £7.7m
- Laurent Depoitre (striker): signed from Porto for £3.4m
- Scott Malone (defender): signed from Fulham for £3.3m
- Zanka (defender): signed from Copenhagen for £2.3m
- Elias Kachunga (winger): signed for Ingolstadt for £1.1m
- Danny WIlliams (midfielder): signed from Reading on a free transfer
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Results
2.15pm: Handicap Dh80,000 1,950m
Winner: Hello, Tadhg O’Shea (jockey), Ali Rashid Al Raihi (trainer).
2.45pm: Handicap Dh90,000 1,800m
Winner: Right Flank, Pat Dobbs, Doug Watson.
3.15pm: Handicap Dh115,000 1,000m
Winner: Leading Spirit, Richard Mullen, Satish Seemar.
3.45pm: Jebel Ali Mile Group 3 Dh575,000 1,600m
Winner: Chiefdom, Royston Ffrench, Salem bin Ghadayer.
4.15pm: Handicap Dh105,000 1,400m
Winner: Ode To Autumn, Patrick Cosgrave, Satish Seemar.
4.45pm: Shadwell Farm Conditions Dh125,000 1,200m
Winner: Last Surprise, James Doyle, Simon Crisford.
5.15pm: Handicap Dh85,000 1,200m
Winner: Daltrey, Sandro Paiva, Ali Rashid Al Raihi.
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
MATCH INFO
Rugby World Cup (all times UAE)
Final: England v South Africa, Saturday, 1pm
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
PSL FINAL
Multan Sultans v Peshawar Zalmi
8pm, Thursday
Zayed Cricket Stadium, Abu Dhabi
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Who is Allegra Stratton?
- Previously worked at The Guardian, BBC’s Newsnight programme and ITV News
- Took up a public relations role for Chancellor Rishi Sunak in April 2020
- In October 2020 she was hired to lead No 10’s planned daily televised press briefings
- The idea was later scrapped and she was appointed spokeswoman for Cop26
- Ms Stratton, 41, is married to James Forsyth, the political editor of The Spectator
- She has strong connections to the Conservative establishment
- Mr Sunak served as best man at her 2011 wedding to Mr Forsyth