Aramco tops Arab companies on Brand Finance Global 500 list

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Updated 26 January 2022
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Aramco tops Arab companies on Brand Finance Global 500 list

LONDON: Saudi Aramco has maintained its position as the Middle East’s most valuable brand, with the Brand Finance Global 500 2022 report valuing the Kingdom’s oil giant at $43.6 billion.

Following a difficult period for the oil and gas sector as a result of the COVID-19 pandemic, Aramco placed 31st in the list and is the only Arab company in the top 100 of the world’s 500 most valuable brands in 2022.

It recently announced plans to increase its production capacity from 12 million barrels per day to 13 million bpd by 2027.

“Despite there only being seven brands from the Middle East in the Brand Finance Global 500 ranking, their strong performances prove once again that the region punches well above its weight on the global stage,” Andrew Campbell, managing director of Brand Finance Middle East, told Arab News. “The future looks bright, with all of the brands from the region – including Aramco, ADNOC, Etisalat, and stc – seeing positive brand value growth this year.”

The Abu Dhabi National Oil Company was the second most valuable brand in the region and held on to the top spot in the UAE, asserting the dominance of the oil sector.

ADNOC managed to score a 19 percent brand value growth to $12.8 billion, the fastest among the top 10 oil and gas brands globally, which sees it hold on to its position as the second most valuable brand in the region.

Its CEO Dr. Sultan Al-Jaber was crowned the highest-ranked CEO outside of the US and China. He is also the top-scoring leader in the oil and gas sector.

Other Middle Eastern brands in the top 500 include Saudi telecom provider stc (184th and valued at $10.5 billion), the UAE’s Etisalat (192nd and valued at $10.1 billion), Qatar National Bank (305th and valued at $7.05 billion), and Dubai’s Emirates airline (461st and valued at $4.9 billion).

Expo 2020 Dubai offered Etisalat a chance to demonstrate itself as a strategic enabler of the UAE's digital transformation, meaning it was crowned with the Middle East and Africa’s strongest brand for the second consecutive year.

“Etisalat’s brand focuses on togetherness and plays its part by providing a first-class telecoms infrastructure across its footprint. Exceptional rollout of 5G technology has also meant that the Etisalat Group’s portfolio of brands is the most valuable amongst telecoms organisations in the Middle East,” said David Haigh, CEO of Brand Finance.

Saudi Arabia’s stc continued to see good growth this year, with its brand value increasing by 16 percent to $10.6 billion.

Globally, Apple continues to hold the world’s most valuable brand title for the second year in a row, overtaking Amazon and Google. TikTok, meanwhile, was crowned the fastest-growing brand in the world with a growth of 215 percent.

Media brands accounted for the top three fastest-growing brands in the ranking, with Snapchat and South Korea’s Kakao following closely behind TikTok.


Russia arrests Forbes reporter over Bucha posts

Updated 1 min ago
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Russia arrests Forbes reporter over Bucha posts

  • Sergei Mingazov was detained with the accusation of spreading false information about the army
MOSCOW: Russia has arrested a journalist from the Russian edition of Forbes magazine for social media reposts over accusations of Russian atrocities in the Ukrainian town of Bucha, his lawyer and Forbes said on Friday.
Rights groups say hundreds of Russians have been arrested, fined and jailed for criticizing Russia’s offensive on Ukraine under tough military censorship laws.
Russian authorities have particularly targeted people for comments on Bucha, the Kyiv suburb where Russian troops have been accused of massacring civilians.
Moscow has rejected those charges and accused Kyiv and the West of staging the scenes of dead civilians and testimonies of torture.
“Sergei Mingazov was detained and is being held in a temporary detention center” in the Far East city of Khabarovsk, the journalist’s lawyer Konstantin Bubon said in a Facebook post.
He faces up to 10 years in prison under charges of spreading “false information,” Bubon said.
“In short, for reposting a publication about the events in Bucha” on a Telegram channel, he added.
His Telegram channel, which has around 430 followers, features a number of reposts from April 2022 that allege Russian troops killed civilians in Bucha.
Russian forces controlled the Kyiv suburb for a month at the start of the campaign.
Pictures of dead civilians found on the streets made front pages around the world, triggering outrage in the West.
Forbes Russia said Friday it had not been able to contact Mingazov.
A Russian reporter was last month sentenced to seven years in jail for articles on alleged Russian war crimes, including at Bucha.
And opposition politician Ilya Yashin is serving eight and a half years in jail on similar charges after discussing the claims in a YouTube video.
Moscow has outlawed criticism of its offensive and has made independent reporting on the campaign effectively illegal.
Numerous foreign and Russian reporters have left the country over the last two years under the fear of arrest.
The Reporters Without Borders advocacy group said Russia arrested 34 journalists during 2023.
They included Wall Street Journal reporter Evan Gershkovich, a US citizen, and joint US-Russian citizen Alsu Kurmasheva — both of whom are still in pre-trial detention.

Saudi Vision 2030 changed everything, says CEO of Publicis Communications KSA

Updated 25 April 2024
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Saudi Vision 2030 changed everything, says CEO of Publicis Communications KSA

  • Adel Baraja brought over 2 decades of global experience
  • Role includes overseeing the group’s Saudi operations, fostering talent

DUBAI: Advertising and marketing network Publicis Groupe appointed Adel Baraja as CEO of Publicis Communications Saudi Arabia in late February as part of its efforts to strengthen its presence in the Kingdom.

Publicis Communications is the creative communications arm of the network housing agencies such as Leo Burnett and Saatchi & Saatchi.

The appointment reinforced Publicis Groupe Middle East’s commitment to accelerating growth within Saudi Arabia while enhancing collaboration and expanding capabilities to deliver transformative work for clients.

Baraja brought with him 22 years of global advertising and brand-building experience.

He had started his professional life in engineering before realizing it was not for him.

He told Arab News: “I wanted to be with clients and that’s when I took my first pivot toward client management (and) sales, and I found my calling in marketing.”

He spent his early days working across advertising agencies in Germany, Spain, and Portugal, before returning to Saudi Arabia where he first interacted with Publicis Groupe. At the time he was hoping to find a job at Leo Burnett, but turned out to be a better fit for one of its clients, Saudi Telecom Company.

He then took a break from advertising agencies to work across industries in companies like Dow Chemical and Volkswagen.

And then, he said, came a “critical moment” in his career.

He added: “I never considered (working in) government before, but six months prior Vision 2030 was introduced, and that was everything.

“It was a meticulous plan — a road map towards something that I had never experienced or seen before. So, I got my first role in government in 2017.”

He led the newly established promotion and nation-branding sector at the Saudi Export Development Authority, growing the Saudi Made portfolio of companies from 20 to more than 2,000 companies during his tenure.

He also held the position of deputy minister of investment promotion at the Ministry of Investment before joining Publicis Groupe Middle East.

Communications had always been a “savvy topic” in the Kingdom, but it was heavily focused on and driven by the private sector, he said.

Vision 2030 changed it all, and “the government sector became a big spender in the communication sector and a driver to creativity,” he added.

With these changes, the demand for local talent is higher now than ever before, and fostering that talent is a strong priority for Baraja and Publicis Groupe.

Baraja is tasked with overseeing the integrated growth strategy of Publicis Communications in his new role, as well as working with educational institutions to empower Saudi youth for careers in advertising, media, and digital marketing.

He said that Bassel Kakish, CEO at Publicis Groupe Middle East and Turkiye, told him that the company needs to be developing and fostering local talent, hiring more locally, and ensuring gender equality, training more women in the advertising and creative industries.

Baraja said: “We are competing against other industries to get that share of talent, so we need to promote our industry and our company.”

Looking ahead, the company is investing in the future, which means increased focus on technology through acquisitions such as that of tech company Epsilon in 2020 and e-commerce company Corra in 2023.

Publicis last year announced the acquisition of a full stake in Publicis Sapient AI Labs, an artificial intelligence research and development joint venture launched in 2020 which aims to strengthen Publicis Sapient’s data and AI capabilities.

Baraja added: “That kind of investment shows the focus toward the future and the transformation of the business.”

There is a lot of discussion around AI replacing marketing and agencies, he said, but he believes: “We are well equipped to address this challenge and to prove that we can deliver even better communications, and better and well-designed campaigns and media performances.”


TikTok CEO to fight US ban law

Updated 24 April 2024
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TikTok CEO to fight US ban law

WASHINGTON: TikTok’s chief executive said on Wednesday that the company expects to win a legal challenge to block legislation signed into law by US President Joe Biden that he said would ban the popular short video app used by 170 million Americans.

“Rest assured — we aren’t going anywhere,” CEO Shou Zi Chew said in a video posted moments after Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban. “The facts and the Constitution are on our side and we expect to prevail again.”

Biden’s signing sets a Jan. 19 deadline for a sale — one day before his term is set to expire — but he could extend the deadline by three months if he determines ByteDance is making progress. Biden is seeking a second term against former President Donald Trump.

In 2020, Trump was blocked by the courts in his bid to ban TikTok and Chinese-owned WeChat, a unit of Tencent, in the United States.

Chew added: “Make no mistake — this is a ban on TikTok.” He emphasized that TikTok would continue to operate as the company challenges the restrictions.

Driven by widespread worries among US lawmakers that China could access Americans’ data or surveil them with the app, the bill was overwhelmingly passed late on Tuesday by the US Senate. The US House of Representatives approved it on Saturday.

The four-year battle over TikTok is a significant front in a war over the internet and technology between Washington and Beijing. Last week, Apple said China had ordered it to remove Meta Platforms’ WhatsApp and Threads from its App Store in China over Chinese national security concerns.

TikTok is set to challenge the bill on First Amendment grounds and TikTok users are also expected to again take legal action. A US judge in Montana in November blocked a state ban on TikTok, citing free-speech grounds.

The American Civil Liberties Union said banning or requiring divestiture of TikTok would “set an alarming global precedent for excessive government control over social media platforms.”

However, the new legislation is likely to give the Biden administration a stronger legal footing to ban TikTok if ByteDance fails to divest the app, experts say.

If ByteDance failed to divest TikTok, app stores operated by Apple, Alphabet’s Google and others could not legally offer TikTok or provide web hosting services to ByteDance-controlled applications or TikTok’s website.

The bill would also give the White House new tools to ban or force the sale of other foreign-owned apps it deems to be security threats.

Democratic Senator Ron Wyden said he was concerned the bill “provides broad authority that could be abused by a future administration to violate Americans’ First Amendment rights.”

Republican presidential candidate Donald Trump said on Monday that President Joe Biden was “pushing” for a ban on TikTok and would be the one responsible if a ban were imposed, urging voters to take notice.

Biden’s re-election campaign plans to continue using TikTok, a campaign official said on Wednesday. Trump’s campaign has not joined TikTok.

Biden signed legislation in late 2022 that barred US government employees from using TikTok on government phones.


Advertising network MCN launches influencer practice in Mideast

Updated 24 April 2024
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Advertising network MCN launches influencer practice in Mideast

DUBAI: Regional advertising group Middle East Communications Network has launched a dedicated influencer practice in the Middle East, North Africa and Turkiye to help clients across the group’s agencies, including FP7McCann, MullenLowe, UM, and Weber Shandwick.

Rami Gholmieh has been appointed to lead the practice as the regional director of influencer marketing, while Razan Zahra will serve as director of influencer relations.

“At the heart of our influence practice lies a commitment to two fundamental principles: effectiveness and efficiency,” Gholmieh told Arab News.

“The challenge lies in creating balance between leveraging channels to encourage content sharing and investing into paid promotions. Ultimately it requires a nuanced approach, tailored to the specific objectives and audience dynamics of respective brands.”

The practice takes a “de-siloed” approach to help agency brands across the group deliver influencer marketing campaigns, according to MCN.

L: Rami Gholmieh, regional director of influencer marketing. R: Razan Zahra, director of influencer relations.
L: Rami Gholmieh, regional director of influencer marketing. R: Razan Zahra, director of influencer relations.

The influencer marketing industry is rapidly growing, with 76.9 percent of marketers saying influencer marketing is a top priority, and 46.2 percent increasing budgets last year, according to a 2023 survey.

The growth and evolution of the industry is partly the reason why MCN chose to launch a dedicated practice now despite influencer marketing having been around for years.

With “the evolving dynamics of consumer engagement and brand interactions combined with new platforms and changing consumption patterns, a dedicated and fully integrated practice within the broader ecosystem is required to create tailor-made solutions for our clients,” the company said.  

As the digital and social media landscape becomes more complex, MCN’s influencer practice aims to help brands by “understanding the social voice, (acquiring) knowledge of real-time cultural insights, (and) possessing platform expertise, the ability to co-create, and journey awareness,” concluded Gholmieh.


Eurovision Song Contest host Sweden braces for anti-Israel protests

Updated 24 April 2024
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Eurovision Song Contest host Sweden braces for anti-Israel protests

  • Event organizer European Broadcasting Union has resisted calls for Israel to be excluded due to its war in Gaza
  • Contest will take place in Malmo from 7-11 May and is expected to draw 100,000 visitors

MALMO: Sweden said it plans to host a dazzling Eurovision Song Contest, watched by 200 million people worldwide, but visitors face heightened security amid planned protests over Israel’s participation and a new geo-political backdrop since Sweden joined NATO.
The contest, the world’s biggest of its kind, takes place in Malmo from 7-11 May and is expected to draw 100,000 visitors to Sweden’s third-largest city which has a large Muslim population. Organizers plan a special tribute to Swedish pop group ABBA, who won Eurovision 50 years ago this year. The European Broadcasting Union (EBU), which organizes the contest, has resisted calls for Israel to be excluded due to its war in Gaza. Controversy over the conflict has already hit various cultural events across Europe. Much focus is expected to be on Israeli contestant Eden Golan and her song Hurricane, as multiple large pro-Palestinian protests are planned outside the venue in Malmo. Israel was permitted to compete after it agreed to modify the lyrics of its original song “October Rain” which the EBU said made reference to the Oct. 7 Hamas onslaught in Israel.
EBU brands Eurovision a non-political event and insists that the contest is between public service broadcasters, not governments.
Still, it banned Russian in 2022 from Eurovision after several European public broadcasters called for the country to be expelled following its invasion of Ukraine.
Sweden is hosting the annual competition for the seventh time, after Swedish singer Loreen won last year’s competition in Liverpool with her song “Tattoo.”
Ebba Adielsson, executive Eurovision producer from Swedish broadcaster SVT, promised “some smashing shows.” She ruled out an ABBA reunion but said the event would celebrate the group’s 1974 win with their song “Waterloo,” a victory that launched the band onto the international stage.
Swiss contestant Nemo is the favorite to win this year, according to bookmakers, followed by Croatia’s Baby Lasagna, Joost Klein of the Netherlands, and Italy’s Angelina Mango.

’HIGH THREAT-LEVEL’
Visitors from 89 countries expected in Malmo will have to pass through airport-like security checks when entering venues around the city.
“There’s a high threat level combined with a lot of people,” said Per-Erik Ebbestahl, Malmo’s security director.
Organizers face the risk of protests escalating into violence, heightened terror threats in the country, and increased tensions with Russia after Sweden’s NATO membership.
In central Malmo there are official posters for Eurovision but also protest banners replicating the same colorful design, with the word Eurovision replaced by ‘genocide’ and the words: “Israel out of Eurovision or Eurovision out of Malmo.”
Orwa Kadoura, a Palestinian living in Malmo and one of the organizers of the protests, said the Israeli delegation was “here to represent Israel and their government, which is committing acts of genocide right now.”
Israel rejects any accusation of genocide in Gaza during its war against Hamas.
Police say security will be tighter compared with when Sweden last hosted the event in 2016.
“The situation around the world is complex, and also the security for Sweden is different,” said Petra Stenkula, Malmo police chief. “We are ready for anything that can happen.”
Sweden joined NATO in March, two years after Russia’s invasion of Ukraine forced it to rethink its national security policy. Russia has threatened to take unspecified “political and military-technical counter-measures” in response.
Gang crime in Sweden’s biggest cities, including Malmo, has also been a problem for years, fueled by the drug trade.
Eurovision begins on May 7 with the first semifinal, followed by a second semifinal two days later and the final on Sat. May 11.