World Business Outlook - Issue 12

............. Note From EDITORIAL Welcome

Managing Director

Shankar Shivaprasad

Co-founder & CEO

Shashank M

Chief Editor

Ujal Nair

Assistant Editor

Kevin Thomas

Laura Edwards

Head of Operation

James

Head of Production

Tom Hanks

Head of Research

Catherine D’Souza

Head of Media Sales

John Smith

Advertising Contact Info@wboutlook.com

Content Managers

Sathya Narayana B

Amith Raj S

Business Developers

Daisy Cooper, Mark Cooper, Justin Wong, Elena Davis, Eric Thomson

Graphic Designer

Chandan R

Video Editor

C Gidieon Sam Issac

Accounts Manager

Steve Smith

Office Address

32 Pekin St #05-01

Singapore 048762

Phone: +65 86159608

Leaders who Lead by example are the need of the Hour

The most important success factor for business enterprises is not just the profit margins or a steady stream of clients. It is the reputation they build throughout their years of service in the sector. According to reports, more than 50 percent of consumers prefer brands they recognise and more than 80 percent prefer to review the brand value in the market before they opt for it.

World Business Outlook has proudly and successfully supported several brands from the banking, finance, real estate, technology, tourism, trading, healthcare and several other sectors worldwide since 2020. We are proud of our list of winners each year and we continuously look forward to associating ourselves with some of the best and most respected global organisations. This magazine is all about those successful organisations that have made significant contributions to their respective sectors. In these pages, you will find the most recommended CFD broker & the best cryptocurrency CFD broker, which is BigBoss, the best digital transformation partner, which is Tamkeen Intelligent, the best world-class dental treatment centre, which is GAOC, and other interesting award-winning companies. As you flip through these pages, you are going to discover a few insights about various global markets, their current status, what we could expect in 2025, and so on. You will also find a clear idea as to why our winners deserve to win the award that they have won this year. We believe these pages would motivate other companies in their respective sectors and maybe get featured in our upcoming issues.

For World Business Outlook Awards 2024, we connected with thousands of companies for nominations, out of which, only a few prominent and proactively diligent enterprises and entrepreneurs have won the award titles they deserve. As we celebrate our annual awards ceremony in Bangkok on November 02, 2024, we are proud to announce and introduce to the world, the list of companies that truly deserve applause and recognition for all their achievements.

We look forward to the continuous support of our readers and well-wishers as we embark on new challenges to deliver insightful and interesting content that would inspire and influence your next big success.

Be sure to check out our website at www.worldbusinessoutlook.com

with us on Facebook: www.facebook.com/WBOutook

: https://twitter.com/wboutlook

https://instagram.com/wboutlook

14 Setting High Standards in Car Rental Services: The Beacon to Customer Satisfaction

22 Pearly Whites and Tropical Delights: The Booming Trend of Dental Tourism in the Philippines

38 Supermarkets of Saudi Arabia: Ensuring Food Security and Economic Diversity

5 Crypto-Related Trends Entrepreneurs Should Know About This 2024

48

52 Exploring the Future of E-Mail Security Through Trends and Innovations

56 Aditi Choudhary: Empowering Women in Tech Through Innovation, Equality and Mentorship

From Weaving Dreams to Crafting Success: Vietnam’s Innovative Approach to Tailored Finance Solutions

Vietnam has the fastest-growing economy, with the government significantly implementing various financial services. Digital technology has taken over, and the banking industry is no exception. State-owned banks were the first and only type of financial organization to operate economically after North and South Vietnam reunited in the 1970s. In the present day, Vietnam’s banking system has a wide range of banking models, such as state-controlled banks, commercial banks with joint stocks, and banks that are entirely owned by foreign entities through joint ventures. Vietnam’s economic growth is strongly correlated with the banking industry, as loan expansion stimulates investment and consumption. Additionally, this sector supports foreign direct investment and industries focused on exports.

Deposits in Vietnamese banks had a notable uptick in 2023, amounting to roughly USD 560 trillion, a 14 percent rise over 2022. This is the fastest growth in the history of the sector and is a credit to the high level of customer confidence in the security and stability of Vietnamese banks. This confidence has led to an increase in M&A activity in the industry. With the implementation of modern technologies and innovative business models, Vietnamese banks are enhancing customer experience, improving operational efficiency, and driving financial inclusion across diverse segments of the population.

Vietnamese banks provide a comprehensive suite of financial products and services to cater to the diverse needs of customers. From traditional banking services such as deposits, loans, and remittances to more sophisticated offerings like wealth management, investment advisory, and digital payment solutions, banks are expanding their product portfolios to stay competitive in the market. Over the past ten years, Vietnam has witnessed a significant increase in manufacturing and exports, which has been largely supported by the country’s capital markets. This industry is predicted to grow at an average annual rate of 5.9 percent, which will be crucial in helping Vietnam become a high-income nation by 2045. Both domestic and foreign organisations are being tapped into by investment banks and the stock broking industry.

From Funding to Flourishing

VPS Securities JSC, a leading securities firm, has demonstrated its agility in providing tailored financial services. It maintained its top position among the top

and derivatives). Specifically, during the first half of 2024, VPS gained above 19% of the market on HOSE by itself. They offer tailored solutions in their financial products, meeting the diverse needs of clients, whether they are individual investors or institutional clients. Their recent partnership with Vietnam Airlines, Viettel Digital (with Viettel Money financial application) offers new opportunities for financial investment for everyone.

As the digital wave is riding the global economy, VPS Securities JSC implemented innovative technology to enhance security in online transactions. Device Management was recently launched to help customers proactively detect and control login activities to their trading accounts at VPS. Through a comprehensive ecosystem that includes growth investment products like stocks and derivatives, financial services like asset management and margin trading, and investment support utilities like the FIT recommendation tool, 24/7 money transactions, and gift-giving platform, VPS offers smart financial investment opportunities through VPS SmartOne, the top stock investment application in Vietnam.

Established in 2006, they have marked significant milestones by creating an ecosystem of remarkable products and

services that are flexibly meeting customer demands. They serve businesses with a portfolio that includes investment banking, financial services, stock broking, and more.

VPS Securities JSC highlighted the goal for the 2023–24 phase and their heightened focus on providing smart financial infrastructure and system solutions by improving the IT infrastructure and customer care experience. The provision of avenues for convenient and efficient capital raising through advisory services was also stressed, as these activities are instrumental in supporting the economic growth of enterprises. She also mentioned that the securities sector is required to stay on the path of unrelenting innovation and longterm financial management, ensuring the highest standards of ethics and commitment.

Breaking Boundaries

VPS Securities JSC has been gaining laurels from both domestic and international organizations. At the World Business Outlook Awards 2024, they grabbed the title of Most Flexible Financial Service Products Provider –Vietnam 2024. Winning such a major award typically involves a combination of innovation and process, strong client relationships, and a commitment to adapting to the ever-evolving financial market. Currently, they are playing an important role in Vietnam’s financial landscape, providing capital solutions for investors and contributing to the development of the country’s stock market.

With a deep understanding of the dynamic financial market as well as agile leadership and governance to handle fast dynamics and consumer preferences. With a focus on innovation, digitization, and customercentricity, Vietnamese banks are well-positioned to capture growth opportunities, drive financial inclusion, and contribute to the sustainable development of the economy.

Big Trading Opportunities, Big Breakthroughs with BigBoss

As per several historical records, CFD trading was started for the first time in the 90s by a London-based brokerage firm. CFDs were born when customers of a London-based firm saw the need for a method to short-sell the market while using leverage. Though CFDs are new, they are hugely popular with interest in these investment tools rising steeply in countries like Australia over the last few years.

In CFDs, one does not need to own the physical stock. Due to this reason, there is no stamp duty on CFDs, making them hugely popular. Another reason for the popularity of CFDs is that, with a CFD account, an individual gets access to 25 or more major financial markets of the West, Europe and APAC. In today’s era

of digital revolution, CFDs have become even more accessible to the masses thus bringing the world markets in the hands of the common man.

Similarly, the Forex market is the largest and most liquid market in the world in terms of trading volume after the credit market and is where the exchange values of currencies are determined. This means that currencies are bought, sold and exchanged at existing or determined prices. Post-1945, most of the global currencies were linked to the US Dollar where the values of those currencies were directly dependent on the US Dollar’s value. In turn, the US Dollar’s value was linked to gold at a fixed price. Though this system was brought into existence to regulate the US Dollar’s value,

it had some issues like outdated exchange values and rigidity. This led to a new system and of the present where the US Dollar is no longer connected to the gold price giving rise to a free and open currency market. In the modern currency market, currencies are traded directly between countries and not through the US Dollar. Just like the CFD market, Forex trading has also become more accessible than ever.

Today, the trading ecosystem worldwide is bustling with a tremendous number of traders and trading companies. The trading industry is growing continuously and attracting a huge number of new traders and investors worldwide every year. These new traders seek to trade with trustworthy companies and those that are established with a proven history of customer satisfaction and user-friendly interface on their platforms along with a lot of other benefits and rewards. Globally today, most companies are offering new and existing customers a host of benefits and facilities. However, one must choose the right trading companies to invest after careful consideration of several factors.

Factors to consider when choosing a trading platform

Here are some factors to consider when choosing an online trading platform:

• Regulation: Make sure the platform is regulated by a reputable financial authority.

• Fees and Commissions: Compare the fees and commissions charged by different platforms.

• Customer Support: Ensure the platform offers responsive and helpful customer support.

• Trading Platform Features: Consider the features and functionality of the platform to see if it meets your needs.

• Payment Methods: Make sure the platform offers a variety of payment methods that suit you.

By carefully considering these factors, you can choose an online trading platform that meets your individual needs and helps you achieve your financial goals.

World Business Outlook set out on a quest for a trading company that meets all the above criteria which was completed in St. Vincent and the Grenadines where we discovered BigBoss. This company stood out for its outstanding services, innovation, technology integration, and customer support.

BigBoss: A Comprehensive Overview History of the Company

BigBoss, operated by Prime Point LLC, is a company that offers online trading services, including forex, CFDs, and cryptocurrencies. They cater to traders of all experience levels, providing a user-friendly platform and a variety of account types to suit your individual needs. BigBoss, established in the early 2010s, has rapidly grown into a prominent player in the trading and cryptocurrency sectors. The company was founded with the vision of providing a robust and innovative trading platform for both novice and professional traders. Over the years, BigBoss has expanded its services globally, establishing offices in key financial hubs such as Cebu City, Philippines. The company’s commitment to reliability, innovation, and customer satisfaction has been the cornerstone of its success.

Products and Services

BigBoss offers a comprehensive suite of products and services to help you navigate the financial markets:

• Trading Instruments: With BigBoss, traders can trade forex, CFDs, and cryptocurrencies – all from a single platform.

• Forex Trading: BigBoss provides a state-of-the-art platform for forex trading with a maximum leverage of 2222:1. This allows traders to maximize their potential returns while managing risk effectively.

• Cryptocurrency Trading: The company offers trading in various cryptocurrencies, providing traders with opportunities to diversify their portfolios.

• CFD Trading: BigBoss’s Contract for Difference (CFD) trading enables traders to speculate on the price movements of various financial instruments

• without owning the underlying assets.

• Portfolio Management: For professional traders and portfolio managers, BigBoss offers advanced tools and resources to manage and optimize their investment strategies.

• Quick Order Platform: Execute trades quickly and efficiently with the easy-to-use quick order platform.

• Educational Resources: BigBoss is dedicated to empowering its traders with knowledge. The company provides a wealth of educational materials, including webinars, articles, video tutorials and market analysis, to help traders make informed decisions.

Special Offers, Benefits, and Services

BigBoss stands out in the competitive trading industry by offering several special benefits and services to its customers:

• High Leverage: With leverage up to 2222:1, BigBoss provides one of the highest leverage options in the industry, allowing traders to amplify their trading positions.

• Quick Account Setup: Opening an account with

BigBoss is a swift process, taking only a few minutes to complete.

• Customer Support: BigBoss prides itself on its world-class, multilingual customer support team, available to assist traders – be it a beginner, a seasoned investor or a financial advisor, over email and online chat with any queries or issues.

• Flexible Deposit and Withdrawal Options: The company offers multiple deposit and withdrawal methods, ensuring convenience and flexibility for its traders.

• Promotional Offers: BigBoss frequently runs promotional campaigns, including deposit bonuses and trading contests, to reward its loyal customers.

Advantages of BigBoss Over Other Trading Companies

BigBoss offers several advantages that make it a preferred choice for traders:

• Innovative Trading Platform: BigBoss’s trading platform is designed to be user-friendly and featurerich, catering to both beginners and experienced traders.

• High Leverage: The company’s high-leverage options provide traders with greater flexibility and potential

for higher returns. This means that you can use your funds efficiently when you open an account with a leverage value of “2222:1” with BigBoss. To prevent the risk of loss that comes with the high leverage, BigBoss has a highly variable leverage system based on your balance called the BigBoss Loyalty Program (BLP).

• Variety of Account Types: You can choose from a variety of account types to suit your trading experience and risk tolerance. BigBoss has different types of accounts to suit the varied investment needs of its traders such as Deluxe, Standard, Pro Spread and CRYPTOS accounts with the Deluxe account being the one with the highest leverage.

• Loyalty Program: You can earn BigBoss Points (BBPs) through the BigBoss Loyalty Program (BLP) for every trade you make. BBPs can be used to play Gacha, a game that lets you win credits up to $5,000, or you can exchange them for cash. Traders can enjoy additional benefits such as enhanced leverage limits and also purchase and customize the rewards, thereby enhancing the benefits of their trade.

• Comprehensive Educational Resources: BigBoss’s commitment to education ensures that traders have access to the knowledge and tools they need to succeed.

• Exceptional Customer Support: The company’s dedication to customer service sets it apart from competitors, ensuring that traders receive timely and effective assistance.

• Global Presence: With offices in multiple countries, BigBoss has a strong global presence, allowing it to serve a diverse clientele.

Achievements in the 2024-2025 Financial Year

In the 2024-2025 financial year, BigBoss achieved several significant milestones:

• Expansion of Services: The company expanded its cryptocurrency trading offerings, adding several new digital assets to its platform.

• Technological Enhancements: BigBoss invested in upgrading its trading platform, incorporating

advanced features such as AI-driven market analysis and automated trading tools.

• Trader Growth: The company saw a substantial increase in its trader base, reflecting its growing reputation and the effectiveness of its marketing strategies.

• Financial Performance: BigBoss reported strong financial performance, with significant growth in trading volumes and revenue.

BigBoss has earned many awards and recognitions in the past and present for its cutting-edge technology integration, trustworthy customer support and numerous other benefits it provides to its customers.

Awards and Accolades

BigBoss’s commitment to excellence has been recognized with several awards and accolades:

The company has been announced as the winner of ‘The Best Forex Broker St Vincent and the Grenadines 2024’ Award by Dubai-based International Business Magazine, reflecting its dedication to providing topnotch support to its traders.

Since 2023, World Business Outlook has continuously recognised BigBoss. This year again they have been honoured as the ‘Most Recommended CFD Broker St. Vincent & the Grenadines 2024’, ‘Best Cryptocurrency CFD Broker St. Vincent & the Grenadines 2024’ and the ‘Most Transparent Forex Trading Platform St. Vincent & the Grenadines 2024’ awards.

In light of these achievements, World Business Outlook reached out to the BigBoss team to understand the history and the journey of BigBoss and its future strategies. Below is an excerpt of the interview with the CEO of BigBoss, Mr Christopher Jason.

1. As the Best Cryptocurrency CFD Broker, how do you aspire to popularise cryptocurrency across the globe today?

We make crypto trading accessible through educational resources on our website, social media, and beginner-

friendly videos on platforms like X and YouTube. Our expansion to Instagram and TikTok will further enhance these efforts. We are just one of many great brokers with small capabilities, but not powerless. By broadening our outreach together with other excellent industry leaders, we aim to reshape perceptions of cryptocurrency, making it more mainstream, while also expanding cryptocurrency CFD trading and driving industry progress as a pioneer.

Christopher Jason CEO of BigBoss

2. As the Most Transparent Forex Trading platform, how does BigBoss guarantee the dependability of its forex market services?

BigBoss prioritizes security and transparency. We operate from a group company based in Canada and hold a financial license in Georgia and St. Vincent and the Grenadines. We continually enhance our employees’ cybersecurity awareness and take proactive steps to minimize information breach risks. Our commitment to clear communication ensures that customers are well-informed and supported.

Additionally, our multilingual customer service team provides prompt and reliable assistance tailored to the needs of customers worldwide.

3. Kindly enlighten us on the special features and benefits of the FX trade platform at BigBoss. Also, please share a few updates about BigBoss Points and BigBoss Coin. At BigBoss, we focus on customer satisfaction with tailored services to enhance trading experiences. The newly launched Deluxe Account in 2024 allows users to customize their accounts based on trading preferences, offering a game-like interface for a more enjoyable experience. It is the only one of its kind, providing a truly personalized approach. Both BigBoss Points and BigBoss Coin can be used within the Deluxe Account, providing users with the flexibility to create an account that best suits their needs.

4. Having won multiple awards at World Business Outlook, what is your strategy to maintain your leadership in the industry?

To maintain our industry leadership, we focus on continuous innovation and product enhancement. Our official trading app, BigBoss QuickOrder (BBQ), exemplifies this, offering a user-friendly experience for both beginners and advanced traders. BBQ simplifies trading, making it efficient and accessible. Our strategy includes ongoing technology improvements, exceptional customer support, and a strong emphasis on security.

5. Share a few insights on the recent market downturns. Recent market downturns reflect the volatility of the financial landscape. including shifts in global trade policies, interest rates, and geopolitical factors. While these fluctuations pose challenges, they also create opportunities for innovation. In response to this situation, BigBoss remains committed to innovation, introducing features like using BigBoss Points for a “gacha”. In 2024, we launched engaging campaigns, including trading battles with renowned boxers Bob Sapp and Jérôme Le Banner, where users could vote. These initiatives make our brand dynamic and relatable to our potential target users.

6. Please share your perspective on the upcoming developments in the financial market and the strategies of BigBoss to ensure complete safety and transparency for the customers. As the financial market evolves, BigBoss is committed to innovation while prioritizing security and transparency. Looking ahead, we are excited about the upcoming development of BigBoss Coin (BBC), including its anticipated listing on decentralized exchanges (DEXs), which will enhance DeFi capabilities. This expansion is part of our broader strategy to ensure that BBC is traded across various platforms, addressing potential risks

such as cyberattacks with heightened user vigilance and continuous improvements. Our dedicated support team is prepared to handle these challenges, ensuring a secure and transparent trading environment.

At World Business Outlook, we have learned that BigBoss has established itself as a leading player in the trading and cryptocurrency sectors. With its innovative products, exceptional customer service, and commitment to trader education, BigBoss continues to set the standard for excellence in the industry.

Setting High Standards in Car Rental Services: The Beacon to Customer Satisfaction

Travel is an integral part of human life. There are countries on the globe that everyone wants to visit at least once in their lifetime, which includes Saudi Arabia. It is a country that is known as the Gem in the Middle-East which includes two of the holy places for Muslims – Mecca and Madinah. There are other places such as the wonderful landscapes of AL Ula and Hegra, the wonderful sand dunes of the Rub’ al Khali desert, a vibrant culture, several diving spots to see aquatic life, and the bustling cities of Riyadh and Jeddah. However, if you have already noted the places to visit, then all you need is a reliable and reputed car rental (transportation) provider that you can trust unconditionally. Today, a name that everyone seems to remember, as far as renting four-wheeler vehicles is concerned, is Budget Saudi Arabia.

Budget Saudi Arabia has got multiple branches in Saudi Arabia, and has garnered popularity for long-distance, multiple-day tours. With excellent prices that can cater to a budget traveller, they have a fleet of air-conditioned cars that can accommodate 5 to 13 passengers in a single vehicle. Budget Saudi Arabia has designed some of the best customer-friendly service programs befitting an international company. Customers can opt for the Budget Corporate Leasing Offers and Short-Term Rental Program. They provide services such as car leasing, domestic as well as international reservations, premier limousine services and cross-border rentals. To

provide first-rate customer service, Budget Saudi offers delivery of vehicles “At Your Door” from select branches. Then, there is the multi-featured Budget App to book various high-quality services in quick time.

Recognising Budget Saudi Arabia’s commitment towards providing reliable, high quality, and budgetfriendly services to global travellers, and their way of conducting business operations with transparency and ethics, World Business Outlook has honoured them with the prestigious title of Best Customer Experience Services in Transportation and Logistics Saudi Arabia 2024.

A customer-centric company may have the best services in the globe, but it needs a financial wizard to design the best money and wealth management programs for sustaining the market. In this era of fierce business competition, a transportation company should have a Chief Financial Officer who has the perfect business acumen to understand market volatility, display patience in mergers and acquisitions, and lay the foundation for financial empowerment. Budget Saudi Arabia’s CFO, Dr. Mohammed Ravish Tatli is well-known in the business world for several of his achievements in the financial decisions made by the company. He had been the CFO of the company during the listing of Budget Saudi on the Saudi stock exchange. Recently, he had been an integral part of the Budget

Team that worked on the Merger & Acquisiton of Auto World. His efforts in putting the company on the global map have not gone unnoticed, and he has also received the reputed title of Best CFO in Merger & Acquisition in Saudi Arabia 2024 from World Business Outlook.

Another person who has gained a name for himself from the Budget Saudi Arabia stable is Anil Mathew Abraham, VP Operations, Sales & Marketing. By employing diverse marketing strategies and new promotional campaigns, his role is pivotal in expanding Budget Saudi Arabia’s operations throughout Saudi Arabia. He, along with his formidable team had been responsible for achieving unprecedented fleet and Sales revenue growth and retail network expansion across the country including airports in the Kingdom. Armed with media experience of over a decade, he is an efficient story-teller reaching out to the audience digitally and offline resulting in high reach and conversions. The highly successful Merger & Acquisition marcom campaigns, Saudi National Day video and video promotions related to Fifa Club World Cup had been highly impactful. To commemorate his exceptional skills in marketing, World Business Outlook has awarded him the title of Most Efficient Marcom Leader in Saudi Arabia 2024.

Leader who led by Example

Budget Saudi has, no doubt, carved an incredible niche in the car rental industry. The Company has gained recognition for its unwavering responsibility to make the promises it makes to customers in terms of services.

Having made a humble beginning in Saudi Arabia with one office, a staff of 15 people and 20 cars, it has grown to a vast family of more than 1500 employees with an impressive fleet comprising of 37,000 cars.

This success seems impossible without the guidance of the able leadership of the CEO of Budget Saudi Arabia, Mr Fawaz Abdullah Danish. He is the key person responsible for making the company a Brand Name not only in Saudi Arabia but also in the entire Middle East, Africa and South East Asia. His keen understanding of all the facets and challenges in the transportation and logistics sector was instrumental in inspiring the team members to take up arduous challenges and achieve successful results. He attributes the smooth operations of Budget Saudi Arabia to the formidable Budget Saudi team at all levels contributing their share in the success from a janitor at the retail stores, to a mechanic at our workshops, Executives and Admin staff at all levels and the management team. His persistence and business acumen to transform Budget Saudi into a public enterprise and gain success in the stock market stand as ample proof of his leadership. Mr Fawaz has been instrumental with his vision and his ability to train a world-class customer-centric team. We acknowledge his efforts at unveiling new opportunities for Budget Saudi Arabia as an international name. For this, Mr Fawaz Danish has been conferred the prestigious award of Excellence in Transformational Business Leadership Saudi Arabia 2024.

The Next Evolution of ‘TV for the Future’ in Japan

According to a recent survey in 2024, Japan has the majority of its population in their 70s and in their 30s and 40s who continue to consume information and entertainment from Television networks. Newspapers follow closely as the second preferred medium by the same population group, even though, this number is dwindling very fast. Although a very slow decline, Television continues to dominate as the primary source of news in Japan. However, social media and other online portals are witnessing sharp growth due to their popularity and preference among teens and young adults.

Japan started regular terrestrial television broadcasting in 1953, shaped by public broadcasting groups and forwarded by commercial players. This was followed by Cable TV in 1955 and Satellite Television in 1987. While digital broadcasting of terrestrial television was introduced in 2003, it completely overtook analogue broadcasting only in 2012. Till 2019, TV advertising was the largest medium for the advertising industry, after which, it has been slowly overtaken by internet advertising expenditure. 5G penetration and nationwide accessibility to high-speed internet have led to the

popularity of SVOD (subscription video on demand) which is consuming video from across the globe, across genres based on the subscription made. So, viewers are paying only for the content that they subscribe to, unlike the digital broadcast where they have to opt for a package of channels, including the ones they don’t want. This is where Free Advertising-Supported Streaming Television or FAST is squeezing through in the media consumption industry as a cost-effective alternative to traditional cable TV and SVOD.

Easy Access, Free Content, Genre Bending

The research team at World Business Outlook took note of the significant growth experienced by the FAST service providers in Japan. It is learnt that the growth is largely attributed to the demand for better quality alternatives to traditional cable TV and cost-effective options over SVOD while keeping up with the rising demand for original content that caters to various genres and generations of audiences.

Reports suggest that the market for FAST in Japan is projected to reach USD 86.68 million in 2024 with a CAGR of 9.27 percent for 2024-2027. USD 113.10 million

is the estimated market volume for the Japanese FAST sector in 2027 with 26.6 million users. In 2024, the average revenue per user (ARPU) for this market is forecasted to reach USD 3.52. Even more promising for the sector is the recent research that states that nearly 71 percent of TV viewers in Japan watch ad-supported streaming services, consuming over 2 hours a day of ad-based TV content. What makes the FAST sector even more appealing are the findings that over half of the current Japanese non-streamers are most likely to subscribe to FAST-based service. Given these growing opportunities, World Business Outlook opened the nominations for the award title of Leading FAST (Free Advertising-Supported Streaming Television) Service in Japan 2024. This hunt ended when our jury members announced ABEMA as the winner of the above title.

ABEMA is a Japanese streaming service that was reportedly unveiled in 2015 as a fixed-rate video distribution company. The current version of the service took shape only in 2016 with some pre-released channels. ABEMA channels stream in real-time, similar to traditional linear TV. Its premium plan members have the option to watch recordings of their favourite shows as well. Today, it broadcasts 24 hours a day, 365 days a year, with 25 channels across a wide variety of genres, including a 24-hour news channel, original dramas, romantic soaps, anime and live streaming and repeat telecasts of sports programs.

ABEMA garnered huge popularity among the Japanese masses through their hit show, ‘Win 10 million Yen if you Beat Koki Kameda’. This show garnered over 14.2 million views in 2017. In the same year, another show called ‘72 Hour Honne TV’ garnered over 74 million views.

ABEMA has become the most reputed and reliable channel among sports enthusiasts in Japan. In 2021, ABEMA live-streamed 166 Major League Basketball games. This tradition continued on ABEMA channel since then. It is currently, the go-to channel for the Japanese fans of the US sporting event. Similarly, in 2022, ABEMA live-streamed all the matches of the 2022 FIFA World Cup Qatar, including the qualifiers. ABEMA

has made several key partnerships to live stream the English Premier League, Bundesliga, LaLiga, FIA Formula One World Championship, JLPA golf tournaments, Campeonato Brasileiro Serie A matches and many other global sporting events.

Representational Image

Exploring the ‘AI’deal path in Entertainment

In 2024, ABEMA added an innovative feature in South Korea, Thailand, the Philippines and the United States. They introduced an AI multilingual subtitle feature on ABEMA Live. It allows users to purchase and watch various pay-per-view content from overseas with live subtitles. Through this feature, viewers can select the language of their choice and enjoy the content with those subtitles generated through Artificial Intelligence.

ABEMA is investing heavily in onboarding various attractive Asian entertainment such as concerts, plays, sports events and more to a wider global audience. ABEMA will be incorporating several technological capabilities to improve its stable and high-qualit y streaming.

Pearly Whites and Tropical Delights: The Booming Trend of Dental Tourism in the Philippines

The Philippines is a popular destination for dental tourists due to affordable prices for dental services. Crossborder limitations during COVID-19 had an impact on the market; however, since COVID, dental tourism has recovered and is now contributing to market revenues. The Philippines Dental Services Market is expected to grow at a CAGR of 5.9 percent over the forecasted period of 2021-2026, due to a rise in dental tourism, a rise in urban population and an upgradation in technology. The market for dental services is predicted to develop significantly throughout the forecast period as a result of improvements made to currently offered services as well as the introduction of new and enhanced technology, such as drills, dental caps, and dentures. The demand for proper training and education on digital dentistry solutions for professionals and students is rising, which will further boost the effectiveness of the nation’s dental care sector. With the development and

improvement in traditional technologies, doctors will be able to spend more time on responsibilities relevant to patient care and contribute to the continued expansion of the dental services industry in the Philippines.

Although most of the population of the Philippines currently lives in remote and rural areas, the country is witnessing major population migration to more rural to urban areas. This shift is expected to continue to increase, contributing to the increased utilisation of dental services in these regions. The Philippines is considered the selfie capital of the world and wearing braces is very common in the country, especially among teenagers, which is expected to drive the growth of the dental services market in the country. Various dental service providers are stepping up and introducing new innovations in the dentistry industry. One such service provider is Gan Advanced Osseointegration Center (GAOC) Dental Clinics.

Spreading Smiles Across Borders

Gan Advanced Osseointegration Center (GAOC) is the leading dental centre in the Philippines, and one of the best in Southeast Asia. It offers a complete range of complex, yet technologically superior diagnostic and treatment systems, particularly in advanced cases of oral maxillo-facial maladies and dental implant surgery.

Fresh from his intensive residency training in the United States, world-renowned dental surgeon Dr. Steve Mark Gan founded GAOC in 1998 from a consistent culture of excellence that was fostered long before he began his modest dental practice in Binondo, Manila. The growing demand for his service, characterised by a keen adherence to global quality standards rarely seen in other dental practitioners at that time prompted him to establish the first GAOC branch in 2001.

Envisioning a long-term relationship through mutual participation and responsibility with their valued patients, GAOC has adroitly partnered with the world’s industry leaders in both oral care equipment and materials, intending to provide only the highest

standards of personalised dental care in a gentle, yet professional manner. Word-of-mouth referrals expanded his clientele exponentially to include local celebrities, diplomats, and government officials. With its passion for quality service, often supplanted by the use of the latest technology, GAOC was one of the first to explore the concept of Dental Tourism and became one of its early proponents in the Philippines. It positioned itself as the first “luxury” dental clinic which placed great emphasis on high-end dental care at a fraction of the cost offered by the most modern clinics in the United States and Europe. Recently, GAOC was historically named the country’s first accredited dental tourism destination by the Philippines Department of Tourism.

At the World Business Outlook Awards 2024, Gan Advanced Osseointegration Center (GAOC Dental

Clinics) was awarded three prestigious titles – Best World-Class Dental Treatment Center in Philippines 2024, Most Comprehensive and Technologically Advanced Dental Services Philippines 2024, and Leading Dental Center in Philippines 2024.

Wrapping up

Tourists are drawn to the Philippines for its top-notch, reasonably priced dental services since it has always been at the forefront of sophisticated dental care. The Philippines is an alluring option, combining highly qualified dentists and the opportunity to recover in an exquisite environment without breaking the bank. The reputation of The Philippines is strengthened by GAOCmaking world-class, cutting edge technology available and affordable. Filipino dental services are distinguished by a spirit of professionalism and hospitality, which makes it a great option for anyone thinking about dental tourism.

Tamkeen Intelligent Driving Digital Transformation in Saudi Arabia

Tamkeen Intelligent – Your Digital Transformation Partner: Tamkeen Intelligent, a leading technology solutions provider based in Saudi Arabia, is committed to empowering organizations with innovative digital solutions. With a focus on enhancing efficiency, productivity, and overall business performance, Tamkeen Intelligent offers a comprehensive suite of services tailored to meet the unique needs of businesses across various industries. Tamkeen Intelligent is a certified partner of Microsoft and offers customised solutions such as the implementation of Microsoft 365 productivity tools, advanced security features and collaboration services.

Benefits of Partnership with Tamkeen Intelligent:

When partnering with Tamkeen Intelligent, businesses can expect a seamless digital transformation journey.

The company prides itself on delivering cutting-edge solutions that are both effective and efficient. Clients benefit from:

• Tailored Solutions: Expert consultants work closely with clients to understand their specific requirements and develop customized solutions that align with their business objectives.

• Cutting-Edge Technology: Tamkeen Intelligent leverages the latest technological advancements to deliver state-of-the-art solutions that drive efficiency and innovation to stay ahead of the curve.

• Proven Expertise: With a team of highly skilled professionals, Tamkeen Intelligent has a track record of successful implementations and a deep understanding of the Saudi market. From the

initial consultation to implementation and beyond, Tamkeen’s expert guidance helps businesses at each step.

• Exceptional Customer Service: Tamkeen Intelligent is dedicated to providing exceptional customer service round the clock, ensuring clients receive the support and guidance they need throughout the entire project lifecycle.

Reasons Why Businesses Choose Tamkeen Intelligent

Choosing Tamkeen Intelligent means opting for a partner committed to your success. Here are a few reasons why businesses trust Tamkeen Intelligent:

• Local Expertise: As a Saudi-based company, Tamkeen Intelligent possesses a deep understanding of the local business landscape and regulatory environment. The company has a dedicated team of professionals with deep industry knowledge and expertise.

• Strong Partnerships: Tamkeen Intelligent has forged strategic partnerships with leading technology vendors, enabling them to offer a wide range of solutions and services.

• Focus on Innovation: Tamkeen Intelligent is committed to staying at the forefront of technological advancements, continuously exploring new ways to help clients achieve their goals.

• Client-Centric Approach: With a focus on understanding and addressing client needs, Tamkeen Intelligent prioritises customer satisfaction.

• Proven Results: Tamkeen Intelligent has a proven track record of delivering successful projects and helping clients achieve tangible business outcomes.

Services

Tamkeen Intelligent offers a comprehensive range of services designed to support every aspect of digital transformation, including:

• IT Consulting: With a team of experienced consultants, Tamkeen Intelligent offers strategic IT consulting services to help businesses align their technology

with their goals. They provide guidance on IT strategy, planning, infrastructure, and digital transformation.

• Business Applications: From ERP to CRM systems, Tamkeen Intelligent implements business applications that streamline operations and improve productivity. They offer end-to-end solutions, from selection and customization to deployment and support.

• Systems Integration: Seamless integration of various IT systems and applications.

• Managed Services: Tamkeen Intelligent’s managed services ensure that IT systems are running smoothly and efficiently. They offer proactive monitoring, maintenance, and support to minimize downtime and maximize performance.

• Cloud Solutions: Tamkeen Intelligent provides scalable and secure cloud solutions that enable businesses to operate more efficiently and cost-effectively. Their cloud services include migration, management, and optimization of cloud environments.

• Cybersecurity: Protecting digital assets is crucial, and Tamkeen Intelligent offers robust cybersecurity solutions to safeguard against threats. Their services include risk assessments, security audits, and the implementation of advanced security measures.

• Digital Transformation: Guidance and support for organizations embarking on digital transformation journeys.

• Data Analytics: Leveraging data to drive decisionmaking is essential in today’s business environment. Tamkeen Intelligent provides data analytics services that help businesses gain insights and make informed decisions.

Digital Solutions

Tamkeen Intelligent’s six key digital solutions are designed to address specific business challenges and drive innovation. These solutions include:

1. ISM (Intelligent Sales Management): A comprehensive solution for managing sales processes, from lead generation to closing deals. ISM helps businesses streamline their sales operations and improve customer relationships.

2. IIM (Intelligent Inventory Management): This

1. solution optimizes inventory levels, reduces costs, and improves supply chain efficiency. IIM provides real-time visibility into inventory status and helps businesses make data-driven decisions.

2. ICM (Intelligent Collection Management): ICM focuses on the automation of the complete collection cycle, from invoicing and payment reminders to tracking and reporting. It provides a real-time scenario of collection activities and enables customers to keep track of unpaid invoices and the follow-up process with customers.

3. ITM (Intelligent Time Management): ITM helps businesses manage their time and project costs more effectively. It includes features for automation of time tracking and expense management, reducing the necessity for manual transactions and paperwork.

4. ILM (Intelligent Logistics Management): ILM streamlines logistics operations, from order processing

to delivery. It helps businesses optimize their logistics processes, reduce costs, and improve delivery times.

5. IPM (Intelligent Property Management): IPM helps businesses manage their properties and resources with its intelligent features such as realtime monitoring capabilities through seamless integration with Microsoft Dynamics.

Conclusion

Tamkeen Intelligent stands out as a trusted partner for businesses looking to navigate the complexities of digital transformation. With a comprehensive suite of services and innovative digital solutions, they empower clients to achieve their goals and stay competitive in a rapidly changing market. By choosing Tamkeen Intelligent, businesses can expect a partner dedicated to their success, providing the expertise and support needed to thrive in the digital age.

A Closer Look at the Power Sector of the Land of White Elephants

The Thailand power market had a cumulative installed capacity of 56.8 GW in 2023 and will grow at a CAGR of more than 4 percent during 2023–2035. The industrial sector accounted for the highest share of power consumption across Thailand in 2023. Approximately 73 percent of Thailand’s electricity is generated from fossil fuels, with natural gas alone accounting for almost 59 percent. Coal contributes around 14 percent to this mix. Low-carbon energy, which includes solar, wind, hydropower, and biofuels, forms about 13.5 percent of the electricity generation. The contributions from biofuels and hydropower are around 6 percent and 3 percent, respectively, while solar and wind power collectively contribute more than 4 percent. Additionally, net imports make up about 15 percent of the electricity imported.

Thailand has renewed its focus on increasing its renewable energy capacity to meet the country’s climate goals of carbon neutrality by 2050 and net zero

greenhouse gas emissions by 2065, as announced at COP26. Approximately 60 percent of electric power in Thailand is generated from natural gas. With domestic gas reserves projected to dry up in the next 10–20 years, liquefied natural gas (LNG) will play a critical role in ensuring long-term electricity security. Given that diversification of the energy supply is seen as a necessary step towards enhanced national energy security, the government is importing more natural gas and is expanding gas receiving terminals, the regasification system, and gas storage tanks to increase capacity to 26 million metric tons per annum (MMTPA) by 2037.

The 20-year Alternative Energy Development Plan (AEDP 2018–2037), reviewed in 2020, targets a share of 30 percent of renewables in the final energy consumption in 2037. The AEDP is in line with the revised PDP 2018 that sets a goal of around 28 GW of renewables by 2037 (36 percent of total capacity), comprising 15.5 GW of solar,

Representational Image

4.7 GW of biomass, 3.1 GW of hydropower, 3 GW of wind, and 1.8 GW of solid waste and biogas.

The Ministry of Energy (MOE) is in charge of the country’s energy and electricity sectors and involves multiple agencies: the Department of Alternative Energy Development and Efficiency (DEDE), the Energy Policy and Planning Office (EPPO), the Department of Mineral Fuels (DMF), the Department of Energy Business (DOEB), the Electricity Generating Authority of Thailand (EGAT), and PTT Public Company Limited working collaboratively with the Energy Regulatory Commission (ERC), the Provincial Electricity Authority (PEA), the Metropolitan Electricity Authority (MEA), and, the Petroleum Institute of Thailand (PTIT).

Thailand’s power market was dominated by the Electricity Generating Authority of Thailand (EGAT), a state-owned utility. EGAT owns and operates most of the country’s power generation capacity and all of its transmission network. It operates the system and is

the principal offtaker. It sells essentially all the power it generates or purchases from private power producers and neighbouring countries to two state-owned enterprises: the Metropolitan Electricity Authority (MEA) and the Provincial Electricity Authority (PEA). According to Thailand’s Power Development Plan (PDP), 2015–2036, EGAT is projecting average annual growth of 2.68 percent in net electricity demand and 2.67 percent in peak demand during 2015–2036. EGAT forecasts more than 326,000 GWh in consumption by 2036 and a peak generation of 49,655 MW.

Illuminating Thailand

The Electricity Generating Authority of Thailand (EGAT) is known for its innovative power solutions across the country. For 55 years, EGAT has maintained power system security. Today, EGAT focuses on clean energy generation, developing new technologies to achieve Net Zero Emission, promoting green transportation and electric vehicles, supporting energy efficiency, and expanding green areas through reforestation for CO2

absorption. These efforts aim to build sustainability for the country and Thai people. Their core business is in power generation with its thermal power plants, combined cycle power plants, hydropower plants, renewable energy power plants (solar, wind, geothermal, and biomass), diesel power plants, and other power plant. In addition to operating its own power plants, EGAT also purchases bulk electricity from 12 independent power producers (IPPs) totalling 17,648.50 MW, from small power producers (SPPs) totalling 9,483.37 MW, and from neighbouring countries, namely Lao PDR and Malaysia, totalling 6,234.90 MW. EGAT transmits electricity generated by its own power plants and electricity purchased from private power producers through its own grid network, covering all parts of the country.

EGAT also has other businesses, namely by-products from electricity generation and telecommunication service. With its recent development of the Wall and Boiler Cleaning System with Automatic High-Pressure Water Jet: Phase 2 of Mae Moh Power Plant, Lampang Province, EGAT has showcased the consistency of providing outstanding service. At the 80th session of ESCAP, they highlighted the ‘Triple S’ strategy (source transformation, sink creation, support measures mechanism), which aimed to achieve sustainable energy transition. Furthermore, EGAT, EDL, Chiyoda, and Mitsubishi signed an MOC on the Development of Renewable Energy Certificates Utilisation in the Green Hydrogen and Ammonia Project, advancing green energy and moving towards carbon neutrality and net zero emissions.

In 2023, EGAT introduced the “Innovative Energy Solutions Business Management Division” to manage its Smart Energy and EV Business Solutions.

Smart Energy Solutions: EGAT launched services for rooftop and floating solar systems, energy storage, and energy management via the ENZY platform, using IoT to optimize energy efficiency. These services aim to promote green energy, reduce electricity costs, and support carbon neutrality.

EV Business Solutions: EGAT expanded its “EleX by EGAT” charging stations (280 nationwide) and introduced the “EleXA” app for managing EV charging. It also launched services like “BackEN EV” for commercial EV station management, partnering with businesses to strengthen Thailand’s EV ecosystem. EGAT collaborates with affiliates on EV infrastructure and technology, including electric buses and fast chargers.

Additionally, EGAT signed a Memorandum of Understanding (MOU) on developing the Eco Charging Sphere in the Eastern Economic Corridor (EEC) to advance Thailand’s low-carbon future and transition to electric mobility These continuous efforts were lauded at the World Business Outlook Awards 2024, which secured them the title of the Most Innovative Power Solutions Provider Thailand 2024.

Electrifying the Future EGAT will be a tool that the government uses to adopt more sustainable projects and better energy-efficient procedures while also boosting the country’s economy. As the percentage of electricity generated from renewable energy sources rises, the power system must become even more dependable and efficient in order to deliver fair and competitive rates for high-quality electricity, which will draw in investors and boost the nation’s competitiveness.

Representational Image

Representational Image

Rising Tides: A Glimpse of Surging Real Estate in the Philippines

Real estate is becoming increasingly essential in addressing the demands of the world’s expanding population as luxury living becomes more prevalent. It is thought to be a solid, tangible asset that can develop over time and serve as a hedge against inflation and fluctuations in exchange rates. Furthermore, real estate is more volatile and predictable than other classes of investments such as stocks, bonds, and commodities, which are subject to market fluctuations. Home ownership can act as a basis for wealth building and financial stability. Properties are generally appreciated over time, allowing investors to diversify their portfolios and increase equity, which can lead to long-term financial gains.

Real estate can also be a dependable source of income. Rental houses can produce consistent revenue. Investors can ensure renters, profit from market demand, and generate passive income by carefully choosing and managing properties. This can offer financial stability

even in times of economic uncertainty. Tax advantages and incentives are another benefit of real estate investing. Real estate tax deductions, mortgage interest deductions, and some maintenance-related expenses may provide tax benefits to investors. These deductions can boost the financial advantages of real estate investing while lowering the overall tax burden and raising the return on property assets.

Investors are keeping a close eye to grow their holdings as many nations are expanding their investment portfolios. The real estate market in the Philippines has been growing consistently, and investors find it to be a tempting alternative due to its relatively low entry barriers. Lower interest rates and tax expenses when purchasing and selling inside the nation are advantageous to investors. As discovered, the Philippines only imposes 12 percent VAT on real estate transactions, while Singapore and Hong Kong charge

17 and 15 percent, respectively. The country’s GDP grew by 5.9 percent in Q3 as a result of the post-COVID development in the region, which was fuelled by FDI in electronics, manufacturing, and IT services.

Due to urbanisation and population expansion, the majority of people prefer residential properties. To secure their financial future, the younger generation in the Philippines has expressed interest in making real estate investments. The demand for a contemporary and opulent lifestyle among young professionals has led to a growth in the number of condominiums. While growing at a somewhat slower rate than the 6.5 percent growth in Q4 2023, residential real estate prices of various types of new dwelling units in the Philippines continued to rise in Q1 2024, rising by 6.1 percent YoY. Quarter-over-quarter (QoQ) house prices increased by 1.1 percent after falling by 3.6 percent in Q4 2023. A notable rise in mixed-use properties was observed for more thriving and sustainable communities with a variety of amenities and services. They provide developers with opportunities for diversification and a higher return on investment.

Beyond Bricks and Mortar

PHirst Park Homes Inc., a company born from the partnership between one of the leading real estate companies in the Philippines, Century Properties Group, Inc., and the Japanese global integrated business enterprise Mitsubishi Corporation, is leading the real estate development in the Philippines. They embody the 4C’s principle, which encompasses complete homes, conceptual amenities, connectedness to life’s essentials, and a convenient homebuying experience. The Taza boasts to be one of the finest projects, with conceptive amenities brought to life. Some of the other known projects include Lipa, Batulao, San Pablo, and many more. The company offers a range of products tailored to different family types, including the Calista townhouse cluster, comprising the Calista End (corner lot) and the Calista Mid (inner unit), as well as the Unna single attached unit. This commitment to excellence exceeds the current standard of living.

In 2021, they launched four projects with a sales value of P14.31 billion. PHirst Homes successfully launched seven communities and 9,349 units in key growth areas of Luzon: Tanza, Cavite; Lipa and Nasugbu, Batangas; San Pablo and Calamba, Laguna; Pandi, Bulacan; and Magalang, Pampanga, collectively worth P11.25 billion in sales value. As of the end of December 2020, PHirst Park Homes completed 1,536 house and lot units in its Tanza and Lipa locations. At the World Business Outlook Awards 2024, PHirst Park Homes Inc. clinched the title of Fastest Growing Real Estate Company Philippines 2024.

They deserved the title for their innovative housing solution by delivering homes that exceed the standard market offerings. Their developments include unique amenities such as outdoor cinemas, theme parks, and village shuttles, providing a comprehensive living experience. Additionally, their resilience and growth stood out amongst its competitors, thus marking them as clear winners. These achievements reflect the company’s strong market presence, strategic expansion, and innovative approach to residential development.

Paving the Path for the Future

The Philippines’ real estate market is expanding rapidly due to several factors, including consumer preferences for residential properties, the proliferation of condominiums, the construction of mixed-use structures, and the existence of a sizable Filipino diaspora. Underlying macroeconomic variables that bolster these tendencies include steady economic growth and government initiatives that support the real estate industry. PHirst Park Homes Inc., with its diversified portfolio, offers exactly what the consumers are looking for, thus making them a favourable choice.

Supermarkets of Saudi Arabia: Ensuring Food Security and Economic Diversity

USD 16.37 billion; that is the estimated growth size of the Saudi Arabian Food Retail Market at a CAGR of 5.67 percent between 2024 and 2028. There is another report that suggests that the Saudi Arabia Retail market could grow at a CAGR of 4.40 percent during 2024-2032. Saudi Arabia has a strong growing consumer demographic, and the grocery retail sector is estimated to be around 55 percent of the total retail market of the sector. In 2025, while the online grocery shopping sector is forecast to reach 10 percent of the total grocery sales, the overall size of the retail market is projected to reach USD 31.4 billion. This growth is majorly attributed to the growing popularity of modern retail formats such

as supermarkets and hypermarkets. World Business Outlook set out to seek the trendsetter in the retail chain sector of Saudi Arabia.

Advancements in Digital payments and logistics has compensated well to the rising demand of the young and growing population of Saudi Arabia. The increasing disposable income and the government support for local food production over imports has further encouraged the expansion of several supermarket chains across the Kingdom. Saudi Arabia is also leading in investments towards digital transformation, including AI-powered retail solutions.

Representational Image

Retailing Alternate Sources of Income

The biggest aim of Saudi Arabia’s Vision 2030 is to reduce the country’s reliance on oil and diversify the economy into more sectors like Tourism, Finance, Agriculture, Manufacturing, Retail and more. The Saudi retail sector has reported a 23 percent contribution to this non-oil GDP segment. This prompted World Business Outlook to search for the most disruptive retail chain in the Kingdom. Among these retail chains, the food and grocery retail chain is the fastest-growing segment with the widest number of outlets, revenue growth and investments. Hence, the quest began for the Fastest Growing Grocery Retail Chain in Saudi Arabia 2024.

World Business Outlook started with the market presence and reach of all the nominees for the above category. The jury members analysed the strong presence of each of the nominees across Saudi Arabia and enquired about the quality, variety and pricing of products available at these stores. We also took into account the promotional strategy towards its end customers and the measures taken to improve the store’s digital presence and customer convenience. World Business Outlook was especially impressed by the Customer Loyalty programs incorporated by one such retail chain in Saudi Arabia. In this world of fast-evolving digital

diaspora, the jury is impressed by this winning brand’s innovative approach and agile nature.

With headquarters in Riyadh and over 400 operational stores across the MENA region, Abdullah Al-Othaim Markets Company is our winner of the title - Fastest Growing Grocery Retail Chain in Saudi Arabia 2024.

Standing by the Kingdom, Always

Established in 1956, in Riyadh, by Sheikh Saleh Ali AlOthaim, as Al-Othaim Trading Company, Abdullah Al-Othaim Markets Company took its current shape only in 1980. The company has been expanding and flourishing across the GCC region to dominate the wholesale and retail sales sector in the region. In 1990, with the establishment of the ‘Consumer Wholesale’ system, Othaim Markets became the leader of the retail sector in Saudi Arabia. Several large warehouses with advanced dry and refrigerated storage systems have been set up to cater to several centres of Othaim Markets across the Middle East region.

Valued at over USD 900 million, Abdullah Al Othaim Markets Company is a subsidiary company of Othaim Holding Company. It is one of the largest Saudi jointstock companies and a key player in grocery retailing.

It operates the Kingdom’s largest grocery store chain, servicing over 100 cities and governorates with a total of 384 branches with over 18 thousand dedicated and

well-trained personnel. While the KSA market is growing at a 2% MAT’24 level, the company is growing more than twice as fast as the overall market and quadruples the market growth rate for organised stores in the Kingdom. The main activities of the company include Cash & Carry, Wholesales, Hyper and Supermarkets, Convenience Stores. It is considered one of the most important retail companies that play a major role in achieving balance in food security by diversifying its sources of high-quality national and international products at thoughtful and competitive prices that take into account and suit the income and capabilities of all segments of society.

The company has taken significant initiatives and investments towards the development of the e-commerce sector and digital transformation in Saudi Arabia. It has signed up strategic collaborations with several leading companies such as Saudi Telecom Company, Al Rajhi Bank, Tamara Company and others. The company is currently working on expanding its sales outlets to 600 centres before the end of 2026, within the Kingdom. The company deserves a special mention for its environment-friendly practices by reducing packaging waste, incorporating paperless receipts through its exclusive App and introducing several customer-friendly promotions, which include Digital gift cards. Othaim Markets is also working on improving its performance and efficiency in logistics and supply chain to achieve its aim of carbon-zero sustainability and zero-grievance customer satisfaction.

Representational Image

Financial Literacy for Students: Key Strategies to Empower the Next Generation of Business Leaders

It is not a secret that making smart financial decisions requires special knowledge and skills. People who have them are able to effectively manage their finances and understand the basics of personal budgeting, investing, taxation, lending, and other financial aspects, which significantly increases their standard of living. We are going to explain how a student can become financially literate and why it is important to start keeping track of income and expenses.

Financial literacy is the skills, knowledge, and abilities necessary for the effective management of personal funds. It is generally accepted that increasing the level of financial literacy in society actually leads to strengthening economic stability. Also, the ability to handle money improves the quality of life of a particular person.

Students should be aware of all their expenses and add them to their plans. This includes food, housing, transportation, personal needs, and paying for various types of services, such as help from writing websites, for example. As for the latter, you can hire paper writing service like AdvancedWriters for a reasonable price, which may well fit into your financial plan.

Basic Financial Knowledge

Budgeting — that is, planning a budget is the ability to monitor all income and expenses, as well as the habit of relying on it when making large purchases, paying utility bills, and making household expenses.

• Savings basics — understanding the importance of savings and creating a financial safety net.

• Debt management — understanding the pros

Representational Image

and cons of loans and credits, awareness of the differences between various types of loans and lending conditions, and monitoring your own credit history.

• Efficient use of credit cards — understanding the principles of using credit cards without debt.

• Tax literacy — knowledge of the basics of income and investment taxation.

Investments and Risks

• Investment basics — knowledge of different types of investments (stocks, bonds, real estate) and principles of portfolio diversification, i.e., the ability to use different methods of investing money.

• Understanding risks and returns — assessing the risks and expected returns on investments.

Personal Financial Goals

• Goal definition — developing a hierarchy of financial goals and plans for achieving them.

• Everyday financial decisions — introducing discipline into financial management, the ability to distinguish between what is necessary and what is desired.

Practical ways to Improve Financial Literacy

The essence of a student’s financial literacy is the ability to effectively manage what they have, be happy with their money, and spend it usefully and with pleasure for themselves.

In fact, there are not so many rules. Ideally, you need to get acquainted with the theory at least and practice: immediately start looking for extra expenses, saving a little, open an additional account, and save for a goal. Now, that will be practice.

Gradual development of financial literacy helps you eventually learn how to control the budget, improve your credit history, and earn more: get new knowledge to invest money and use securities.

Subscribe to Educational Resources

Texts on thematic resources are often written in too dry financial language, and for an ordinary person – if

they just want to start saving – the terminology may seem very complicated. Pay attention to some simpler options.

Representational Image

Read Specialized Literature

Here is a similar situation. There is a lot of literature, and the necessary knowledge is not difficult to find. However, some books are too complicated or too directive: “Save exactly 10 percent or do not buy extra coffee under any circumstances.” Not every book is suitable for direct instruction, and it makes sense to filter the information received through the prism of your own life, taking personal characteristics and capabilities into account.

Plan a Budget

Get an Excel spreadsheet or a notebook, or use special applications. At first, just write down all your expenses and segment them. Fixed expenses are rent, mortgage, loans, and utilities; variable expenses are everything else.

Plan your budget so that you can put aside a certain amount of money. Be honest and realistic. You need to subtract savings and fixed expenses from your income. You will have to include all variable expenses in the difference.

Follow the 50-30-20 rule. Under this rule, 50% of the money should go to necessary fixed expenses, 30% to optional variables, and 20% to savings and investments.

Be Careful with Loans

Take loans only in case of emergency or for really necessary things that will be a good investment. Such things can be buying a house or means for work and study, as well as paying for treatment. Do not combine several loans; take a new one only after you have paid off the previous one.

5 Crypto-Related Trends Entrepreneurs Should Know About This 2024

The world of cryptocurrency is evolving quite rapidly, and so far, 2024 has been a pivotal year for its deeper integration into mainstream business practices. Thanks to advancements in blockchain technology and a stronger focus on privacy and security, among other trends, cryptocurrencies are moving beyond niche markets and becoming more widely accepted by consumers and businesses alike. This shift is not just limited to large tech firms or early adopters; it also means that entrepreneurs from various sectors have lots of new opportunities to tap into innovative financial solutions in order to expand their customer bases.

If businesses make the choice to integrate cryptocurrency payments into their systems, they’ll be able to access a global market that was previously difficult to reach due to traditional banking limitations, such as high transaction fees and delays. This applies especially for international payments. Moreover, a business’s effort to offer cryptocurrency as a payment option can attract a new demographic of consumers who value privacy, transparency, and the technological advancements that have all followed these digital currencies.

As the use of cryptocurrencies becomes more appealing and prevalent among consumers, entrepreneurs will do well to stay informed about the latest trends shaping this space. Let’s explore some crypto-related trends that have taken root this 2024 and discuss how they can benefit businesses looking to stay both innovative and competitive in a rapidly changing market:

1) Growing Adoption of Privacy Coins

In line with regulatory scrutiny around cryptocurrencies across the globe, privacy in financial transactions has become increasingly important to customers. Privacy coins, like Monero (XMR), are leading the way in this trend by offering users enhanced anonymity and security. Unlike traditional cryptocurrencies, which maintain transparency through public ledgers, privacy coins utilize advanced cryptographic techniques to conceal both the sender and receiver’s identities and transaction details. This added layer of confidentiality is key for individuals and businesses that require a higher level of privacy.

For entrepreneurs, there are various advantages to adopting privacy coins, particularly in industries where confidentiality is a priority. In the case of businesses dealing with sensitive client information, such as legal firms or healthcare providers, clients can benefit from the increased security that privacy coins offer. Through solutions like an XMR wallet for Monero (XMR) coins, an entrepreneur can facilitate secure transactions for their customers and enhances their privacy by ensuring that the latter’s financial data remains concealed from prying eyes.

2) Integration of Artificial Intelligence in the Blockchain

The integration of artificial intelligence (AI) into blockchain technology is also rapidly transforming industries, and 2024 is sure to see more AI-powered solutions across the board. AI algorithms can enhance

a blockchain’s capability by optimizing processes such as fraud detection, smart contract automation, and predictive analysis. An AI tool, for example, can analyze vast amounts of blockchain data to help businesses forecast market trends, detect suspicious activity, and automate their decision-making.

This fusion of AI and the blockchain means more streamlined operations and better data management for entrepreneurs. Small- and medium-sized enterprises (SMEs) can also take advantage of these AI-driven tools to manage their supply chains, automate their customer interactions, and improve their overall business efficiency without the need for large teams or resources.

Additionally, AI-powered smart contracts can broker automated payments, enforce contract terms without the need for intermediaries, and reduce operational friction between clients and partners—improving trust between both parties as a result. It’s predicted that in 2024 and beyond, more entrepreneurs will be able to make use of smart contract technology for their operations.

3) Expansion of Decentralized Finance (DeFi)

Decentralized Finance (DeFi) continues its rise as a revolutionary financial model, challenging traditional banking systems by offering decentralized alternatives for lending, borrowing, and trading. DeFi platforms allow users to engage in financial transactions without the need for middlemen, and blockchain technology is used to facilitate peer-to-peer exchanges instead.

As DeFi matures in 2024, more entrepreneurs may have access to decentralized financial services that are open, transparent, and cost-effective all at the same time. This means that entrepreneurs, especially those operating in emerging markets or regions with limited access to traditional financing, can turn to DeFi as a viable alternative for accessing capital.

If DeFi further catches on, businesses can bypass the lengthy and restrictive processes of traditional banking, which allows them to secure funding through decentralized loans or offer services on decentralized marketplaces. That spells exciting things for entrepreneurs who want to see big changes happen in the financial sector.

Representational Image

4) Tokenization of Assets

Another transformative trend in 2024 is the tokenization of physical and digital assets. Tokenization involves converting real-world assets, like real estate, stocks, or even art, into digital tokens that represent fractional ownership. Thanks to blockchain technology, these tokens can be traded, sold, or transferred both securely and transparently, which provides new liquidity to previously illiquid assets.

Entrepreneurs can benefit from this tokenization in several ways. For one, it offers a new avenue for raising capital. Businesses that own valuable assets, such as intellectual property or real estate, can tokenize them and offer fractional ownership to investors, thereby accessing funds without giving up full control of their assets. In addition, tokenized assets can be traded on secondary markets. This provides entrepreneurs with greater liquidity and flexibility in managing their investments.

5) Stablecoins Gaining Traction

While the volatility of cryptocurrencies has historically been a barrier to wider adoption, stablecoins are

solving this issue somewhat by offering price stability. Stablecoins are pegged to traditional fiat currencies, which makes them ideal for everyday transactions without consumers fearing sudden price fluctuations.

As stablecoins gain even more traction in 2024, they are increasingly being used for payments, remittances, and even payroll services, bridging the gap between crypto and traditional finance. For entrepreneurs, stablecoins provide a reliable method for accepting cryptocurrency payments without the risk of the price swings that could impact their profitability. In turn, this stability allows businesses to manage their cash flow more effectively, especially in industries with tight margins.

Crypto has evolved by leaps and bounds in the first half of 2024 alone, and with this evolution comes a host of opportunities for entrepreneurs to explore. Entrepreneurs like you would find it in their best interest to stay informed and factor these developments into their business models. Doing so positions their businesses at the forefront of innovation.

Exploring the Future of E-Mail Security Through Trends and Innovations

The future of e-mail security is constantly changing to counter new threats thrown at it by cyber scammers. With the key role that e-mail plays within businesses, someone would need cutting-edge strategies and technologies to keep them safe. Here is a look in-depth into the trends and innovations that would shape the future of email security.

Trends and Innovations in Email Security

To combat advanced cyber threats, email security is increasingly driven by innovations such as AI-driven protection, zero-trust architecture, and multi-factor authentication (MFA).

AI and machine learning analyze phishing and malware patterns in real-time, zero trust continuously verifies users and devices, and MFA adds an extra

layer of defense beyond basic passwords. These advancements help businesses stay ahead in a challenging digital landscape.

1. AI and Machine Learning for Threat Detection

Advanced tools perform detailed checks like syntax validation and domain verification to maintain cleaner email lists. Using the best email verification tool prevents unauthorized access and reduces vulnerabilities, setting new standards for email safety and reliability.

AI and ML have transformed email threat detection by identifying phishing and malware through data analysis. These evolving algorithms learn from past attacks to detect new threats, helping organizations spot risks early. This proactive approach minimizes potential damage.

Representational Image

2. Zero Trust Architecture

The traditional security paradigm is changing towards an even more modern concept where no user or device can be trusted inherently. Here, in this transpiring landscape, each piece of incoming email and attachments go through severe validation with the highest level of security possible.

Because internal user authentication processes are robust in and of themselves, the dangers associated with phishing and email spoofing are minimal and well-managed.

3. End-to-End Encryption

Stronger demand is growing for full email encryption based on the increasingly private and regulatory demands. End-to-end encryption ensures that email

content can only be decrypted by the recipient using their private key.

As a result, the idea of quantum-safe cryptography emerges, positioning email systems to resist potential threats brought by future quantum computers if those machines prove able to compromise traditional encryption methods.

4. Email Authentication Technologies

As the threat of email spoofing rises, further emphasis is placed on improving SPF, DKIM, and DMARC protocols. In comparison to their earlier stages, these protocols have developed to provide more advanced capabilities in reporting on attempts made at spoofs.

Consequently, it can be said that domain owners

Representational Image

will benefit from additional transparency as they understand their vulnerabilities better and subsequently strengthen their email authentication frameworks with the view to improving overall security.

5. Behavioral Analytics and Training of End-users

Human error is a major email security vulnerability, with employees often unknowingly exposing organizations to phishing threats. Behavioral analytics monitor user activity for signs of compromised accounts.

Combined with ongoing training, simulations, and gamified learning, this approach strengthens defenses and enhances security awareness across the organization.

6. Secure Email Gateways (SEGs)

The current trend of SEGs has changed from simple spam filtering to an all-rounded security of email.

Promises of the next generation of SEGs include fortifying and adding to them, such as sandboxing, detection of sophisticated threats, and end-to-end CDR methods.

Such innovations are meant to neutralize threats before they can cause any potential damage. They are designed for smooth integration into cloud infrastructures and other security environments to unite the whole defense system against threats emailed.

7. Data Loss Prevention (DLP)

Organizations are focusing on preventing email data leaks due to strict policies like GDPR and CCPA. Advanced-Data Loss Prevention (DLP) solutions now scan content in real-time, blocking emails with sensitive information while allowing others through. These systems act as a safeguard against unauthorized data sharing and help ensure compliance by monitoring privacy violations.

Frequently Asked Questions

What

are the most critical email security issues?

Phishing, ransomware, and business email compromise are major threats, but securing data and outgoing traffic is equally crucial to comprehensive email protection.

Why is email security important in modern communication?

Email security safeguards employee communication, protecting a company’s brand, reputation, and bottom line by preventing costly disruptions and cyber threats.

What is the purpose of email security?

Email security prevents phishing and spam from compromising an organization’s network, reducing its vulnerability to cyber-attacks.

Conclusion

Upcoming email security relies on AI, machine learning, encryption, and post-quantum cryptography within a zero-trust approach. These technologies will counter evolving cyber threats while maintaining the security and reliability of email communication. Companies and individuals alike will benefit from enhanced protection.

Aditi Choudhary: Empowering Women in Tech Through Innovation, Equality and Mentorship

Aditi Choudhary’s career in technology is marked by her relentless drive to innovate and make a meaningful impact. As a Software Development Engineer II at Amazon, Aditi has not only excelled in her technical roles but has also become a passionate advocate for diversity and inclusion in the tech industry. Her journey—from judging major hackathons like HackMIT to speaking at global conferences—has been one of leadership, mentorship, and empowerment.

HackMIT 2024: Where Innovation Meets Real-World Challenges

One of the highlights of Aditi’s career has been her role as a judge at HackMIT 2024, a renowned hackathon that attracts talented students from around the world. At this event, Aditi witnessed groundbreaking

innovations aimed at solving real-world problems. One of the standout projects she judged was Mindscape AI/VR, which transformed MRI scans into 3D interactive augmented reality fields for cancer detection. The personal connection the team had with the project, combined with the cutting-edge technology they used, left a profound impression on her.

Another notable project, Harmony, integrated virtual reality and music therapy with real-time biometric data to manage stress. This innovative approach to mental health care underscored the potential of immersive technology in therapeutic treatments—an area Aditi believes can redefine the future of healthcare. Her experience at HackMIT reaffirmed her belief that when used thoughtfully, technology has the power to change lives.

Women Impact Tech Conference: Fostering Gender Equality in Tech

In addition to her technical accomplishments, Aditi has become a powerful voice for gender equality in tech. Earlier this year, she spoke at the Women Impact Tech Conference in Atlanta, Georgia, where she participated in a panel on “Innovation for Gender Equality: Activating Tech and Creating a Gender Equal Future in Tech.”

During the event, Aditi shared her experiences as a woman in a male-dominated industry and emphasized the importance of building accessible pathways for women in tech. She highlighted the critical role of bootcamps, scholarships, and mentorship programs in fostering a more inclusive environment.

Aditi also shared her personal battles with imposter syndrome, a challenge many women face in the tech industry. She spoke about how technology, particularly AI, can support women by offering personalized feedback and career development opportunities. For Aditi, creating spaces where women can thrive is just as important as technical innovation.

Mentorship and Giving Back: The STEMETTE Speaker Series

Mentorship has always been a core aspect of Aditi’s career, and her participation in the STEMETTE Speaker Series was an opportunity to inspire the next generation of technologists. Speaking to a young audience of aspiring engineers, Aditi reflected on her own journey and the challenges she has overcome. She emphasized the importance of focusing on projects that drive real impact—whether it’s optimizing system performance, improving user experience, or boosting revenue. For Aditi, mentoring is about more than just sharing technical knowledge; it’s about encouraging others to take risks, embrace challenges, and continuously learn. She believes that giving back to the community is one of the most rewarding ways to create lasting change in the tech industry.

Advocating for Women in Tech

Throughout her career, Aditi has remained committed to empowering women in the tech industry. For young

women just starting out, her advice is clear: focus on projects that drive meaningful change, build strong networks, and never stop learning. She encourages women to seek opportunities where they can make a real impact, whether it’s improving efficiency, developing new technologies, or creating better user experiences.

For those already established in the tech world, Aditi’s message is one of advocacy—advocate for yourself and others, take on leadership roles, and push for gender equality in your workplace. She believes that mentorship plays a crucial role in fostering a cycle of empowerment, where seasoned professionals can guide and inspire the next generation.

Looking Ahead: A Bright Future in Tech

As Aditi continues to take on leadership roles and mentor young talent, her influence on the tech community grows. Her journey is a testament to the power of innovation, mentorship, and inclusivity. From her work in Generative AI to her contributions at Amazon and beyond, Aditi is not just shaping technology—she is shaping the future of the tech industry itself. In her own words, “Technology is an incredible tool, but its true power lies in how we use it to solve problems, create opportunities, and foster an inclusive and equitable future.” With Aditi at the forefront, the future of technology is indeed bright.