Bahrain publisher plans business directories for Gulf



A Bahrani company plans to publish new business directories in the Arabian Gulf region - and it insists the print medium is not dead.

Many consumers now rely less on printed phone books and business directories, instead turning to online resources.

But Primedia International, whose publications include the Yellow Pages books in Bahrain and Qatar, says there is still demand for printed directories in the region.

"Print copy is not dead," said Mike Orlov, the company's chief executive. "It's just going to be different to what it was - it's no longer going to be the only delivery channel."

Primedia says there is "appetite for hard copy" in the Gulf and plans to launch six printed directory books over the next year.

There was a "massive demand for print" in some regional markets, Mr Orlov said.

The company's planned new titles include a directory on Qatar's banking and finance sector, a similar title for the Dubai International Financial Centre and a directory geared towards Qatar's energy sector. "We've never lost sight of the appetite for print," said Mr Orlov. "Are companies always going to be searching for other companies? Yes they are."

Primedia's existing directory titles include listings books called The Gulf Directory and Banks in Bahrain.

The Bahrain-headquartered company has about 300 staff, and operations in all of the GCC states. It makes money through selling advertising in its directories.

While Mr Orlov said print was still important, he added the company also expected some of its business to shift to online.

"Last year, 7 per cent of our revenue was [from] digital. I would estimate that, within two years, we'll be looking at 20 per cent."

Primedia was relaunching four of its existing websites, including the Yellow Pages sites for Qatar and Bahrain, Mr Orlov said.

He said the company would also launch two new websites this autumn: a directory connecting GCC businesses with those in India and a networking site for executives based in the Gulf region.

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Based: Gaza
Sectors: Internet, e-commerce
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What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

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Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
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Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Director: Raed Zeno

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Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

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Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

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UAE rugby in numbers

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700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams

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Dh2.8m - Dubai Exiles’ overall budget for next season

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Brief scoreline:

Al Wahda 2

Al Menhali 27', Tagliabue 79'

Al Nassr 3

Hamdallah 41', Giuliano 45 1', 62'

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Tiger:independent, successful, volatile
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Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
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THE DEALS

Hamilton $60m x 2 = $120m

Vettel $45m x 2 = $90m

Ricciardo $35m x 2 = $70m

Verstappen $55m x 3 = $165m

Leclerc $20m x 2 = $40m

TOTAL $485m

Naga
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MATCH INFO

Liverpool v Manchester City, Sunday, 8.30pm UAE