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TimeOut Market in the GCC

ماركت تايم أوت في دول مجلس التعاون الخليجي

TimeOut Market in the GCC, As an investor, it is always exciting to see a brand that has been around for over 50 years grow and expand into something even bigger.

Topics
Time Out History
Investing in the Foodie Culture
Exploring and Experimenting The New Markets
Diriyah Square the new Time Out Hub

Time Out History

The TimeOut magazine was first published in 1968 by Tony Elliott with Bob Harris as co-editor,
and since then the magazine has developed into a global platform across 315 cities and 58 countries.
What started as a counter-culture publication quickly grew to become one of the most popular magazines out there with its weekly circulation reaching 110,000!

TimeOut’s success didn’t stop there – they expanded their brand to North America in 1995 followed by TimeOut New York Kids in 1996. This led them on their path of expansion worldwide which included travel magazines, city guides, books etc., all under the same name – “TimeOut”.

It is incredible how this company was able to withstand print competition while also integrating digital platforms during the online revolution; this shows great foresight from the management team at TimeOut which makes investing in them a very attractive option indeed!

Under new management, the firm grew the brand digitally by forming alliances with software companies to build a unified web platform for the brand and multi-city mobile applications.
In July 2012, the firm continues to expand digitally by releasing an iPad app for New York and London.
MasterCard initially sponsored the iPad app.

Investing in the Foodie Culture

It’s no secret that the food industry is booming in Dubai and Abu Dhabi,
with a range of innovative concepts emerging to meet the demand for quality dining experiences.
Last year, TimeOut Market Dubai brought 17 of the U.A.E.’s top chefs together under one roof
to create an upscale food hall concept like never before seen in this region
and it looks set to be just as successful when its sister venue opens in 2025: TimeOut Market Abu Dhabi!

As investors, we know how important it is to stay ahead of trends;
so what makes these two markets stand out?

Firstly, they combine diverse cuisines from around the world into one location
meaning customers have access to multiple culinary options all at once!

Furthermore, each chef has been carefully selected based on their unique style
and expertise ensuring that only high-quality dishes are served across both venues.
And last but not least importantly both locations will offer diners entertainment options
such as live music performances or cooking classes alongside their meals,
creating a truly immersive experience unlike any other!

We believe that investing now could potentially generate huge returns over time
due not only due to these exciting features but also because there’s still room for growth
within this sector here in UAE as more people become aware of these new developments
taking place across cities like Dubai & Abu Dhabi.

So, if you’re looking for a lucrative investment opportunity with long-term potential,
then look no further than TimeOut Markets – your gateway into deliciousness awaits you today!

Exploring and Experimenting The New Markets

For investors looking for exposure to new markets or those interested
in capitalizing on emerging trends such as experiential dining concepts
TimeOut Markets offer a unique opportunity across multiple cities around the world.
With its focus on authentic experiences rooted in culture,
it provides an attractive proposition for customers who are seeking something different from traditional restaurant chains
can provide them with; creating repeat business opportunities that drive long-term growth potential for investors involved.

TimeOut Markets have seen tremendous success since launching their first location over 5 years ago
now boasting more than 10 million visitors annually at all current sites combined – making it one of the fastest growing food hall concepts globally today! We look forward to seeing what Riyadh has up its sleeve when they open later this year.

TimeOut Market has announced the exciting news that they are expanding their food hall concept to Riyadh, Saudi Arabia! This marks another milestone in TimeOut Market’s Middle Eastern expansion and is sure to be a hit with both locals and visitors alike.

Diriyah Square the new Time Out Hub

Riyadh will join existing locations in Abu Dhabi, Dubai, Beirut, Lisbon, and Miami as well as upcoming openings planned for Montreal later this year. Each location offers an incredible selection of local cuisine from some of the city’s best chefs alongside cultural experiences including live music performances by local musicians.

We are excited to announce that Diriyah Square, one of the largest and most ambitious projects in Saudi Arabia, is set to host TimeOut Market Riyadh. This new development will be a place for locals and tourists alike to experience some of the best food, art, culture, and entertainment that the region has to offer.

TimeOut Market Riyadh will feature 23 kitchens offering cuisines from around the world as well as five beverage service spots with local craft beers on tap. There will also be multiple stages for live music performances in addition to event spaces where visitors can enjoy interactive workshops or exhibitions showcasing regional talent. The market’s demonstration kitchen provides an opportunity for budding chefs or entrepreneurs looking into starting their own restaurant business while its Kitchen Academy offers culinary classes taught by experienced professionals who have worked at top restaurants around the globe.

Diriyah Square is committed not only to providing a unique shopping experience but also to creating jobs within this sector; it estimates over 1 million people each year could benefit from employment opportunities created by TimeOut Market Riyadh alone! With such an array of activities available there really is something here for everyone – whether you want to try out delicious dishes from all corners of the earth or just relax with friends over drinks – it promises plenty of fun-filled days ahead!

MasterCard’s Support of Cryptocurrencies

MasterCard Support of Cryptocurrencies

MasterCard Support of Cryptocurrencies, It seems that cryptocurrencies have begun to enter a new curve towards the development and self-proof and penetration into a brighter market,

as MasterCard has begun to provide a new service that allows the purchase

and sale of digital assets for customers who want to work in digital currency trading and keep them.

Topics

Cryptocurrencies Hope
The Impact of Cryptocurrencies

Cryptocurrencies Hope

Since the beginning of the existence of cryptocurrencies in the markets,

there have been several banks that supported their presence and retention,

and the vast majority were moving away from keeping encrypted currencies and

providing that service to their customers for fear that this system would not succeed

and get involved with customers and build a new organizational and

employment structure in Managing banks to deal with cryptocurrencies may continue and succeed or fail.

Thinking and demagogy still dominate most of the banks in the world,

but not yet with the presence of many bank partners that will support the
new MasterCard’s service for cryptocurrencies, which has been called CryptoSource.

As this service is scheduled to start experimentally at the beginning of next year in Brazil,

America, and Israel, despite reservations about the names of the banks

participating in this protocol by Ajay Bhalla Internet Artificial Intelligence in MasterCard,

who has confirmed the beginning of next year as the beginning of the launch of this service?

Despite the trouble faced by cryptocurrencies during the recent period and the number of declines,

collapses and bankruptcies that cryptocurrencies are exposed to, which exceeded a trillion dollars,

MasterCard’s hope still prevails in this sector, as it represents a large part of the features of the financial future in the new world.

Nasdaq, its partner, the global stock exchange, is also one of the supporters of this idea,

as it stated that it will start providing digital asset custody services to its customers.

The bright future outlook for this sector has not been shaken mostly due to the setback

that the sector is going through at this time, especially with the current difficult times for many sectors due to crises. Globalism.

The Impact of Cryptocurrencies

In order to keep pace with the current developments in the financial world, MasterCard will precede a lot,

as it was mentioned that the purchase of encrypted assets is something that consumers need greatly.

It is one of the specialists in this field,

and the company has specified that it will pay about five hundred employees and more specialists in the world of cryptocurrency in issuing the crypto source system,

which will work through the digital assets company Paxos Trust,

which will act on behalf of the banks by providing trading services for currencies and maintaining them as assets of the order who will bend the responsibility of maintaining assets for currencies in the balance sheets of banks,

this step may raise the saliva of many banks to enter this sector sooner or later.

Oil goes up to $140 and new major decisions against Russia

Oil goes up to $140 and new major decisions against Russia:Markets began the new week of risk-aversion after weekend developments regarding the Russian-Ukrainian conflict.

Evest follows all this in the following report.

Topics:

Oil rises to a new record and approaching 150 dollars

The House of Representatives considers embargoing oil imports from Russia

Chinese customs: Sino-Russian trading volume increased by 38.5%

Another blow to Russia American Express suspends transactions in the country and a similar resolution from Visa and Mastercard

The Russian economy is expected to decline by 7%

Oil rises to a new record and approaching 150 dollars

On Monday, oil prices rose to their highest level since 2008, to almost $140 per barrel, following reports of a possible US embargo on imports from Russia.

In an interview with NBC, Secretary of State Anthony Blinken said the United States is “actively discussing”,
with its European allies the possibility of phasing out Russian oil imports.

Two Bloomberg sources said that Washington might impose an embargo without the participation of European allies.

In the meantime, no decision has been taken on this matter.

House Speaker Nancy Pelosi hinted that the House of Representatives is considering ,
the possibility of drafting a bill to embargo the import of Russian oil.

US official data show that Russia accounts for nearly 3% of US oil imports.

Against the backdrop of data from Washington, Brent oil futures rose by 18% in early trading on Monday and at one point exceeded $139 per barrel.

The futures price is about $129 per barrel.

“We believe that Brent crude could reach $185 per barrel by the end of the year if supply disruptions from Russia continue,”
analysts at JPMorgan Chase said.

The House of Representatives considers embargoing oil imports from Russia

The US House of Representatives is considering drafting a bill to embargo Russian oil imports.

“The House of Representatives is currently considering strong legislation that will further isolate Russia from the global economy“

“Our bill will embargo imports of Russian oil and energy products to the United States,
eliminate normal trade relations with Russia and Belarus,
and will be the first step towards preventing Russia from joining the World Trade Organization.

We will also allow the executive branch to raise tariffs on Russian imports.”

Pelosi also announced that Congress plans to provide $10 billion in aid to Ukraine this week.

“The Biden administration has requested $10 billion in humanitarian, military and economic aid to Ukraine.

This week Congress intends to pass emergency funding under our comprehensive public finance legislation,” the spokesman said in a statement.

American lawmakers from both parties had earlier called for sanctions affecting the Russian oil sector.

In the meantime, the White House administration asked Democratic senators not to support the law.

The adoption of the document may encourage other countries to follow the United States, which is likely to increase prices globally.

Chinese customs: Sino-Russian trading volume increased by 38.5%

Chinese-Russian trading from January to February 2022 was $26.43 billion,
an increase of 38.5% over the same period last year, according to Chinese customs statistics released Monday.

According to the General Customs Administration of the People’s Republic of China,
Russian exports to China increased by 35.8% over this period to $13.8 billion,
and Russia imported goods and services from China by $12.6 billion, with an annual growth of 41.5%.

In 2021, Russian-Chinese trade reached a record high of over $148.8 billion, an increase of 35.8% over 2020.

Another blow to Russia American Express suspends transactions in the country and a similar resolution from Visa and Mastercard

International payment company American Express suspended transactions in Russia and Belarus due to a private military operation in Ukraine,
following a statement by the company’s CEO Stephen Square.

The statement said: “As a result, American Express cards issued worldwide will not operate in stores or ATMs in Russia.

In addition, cards issued by Russian banks in Russia will not operate outside the country on the American Express global network.

Business operations in Belarus.

The Foundation earlier stopped working with partner banks on the sanctions lists.

Visa and Mastercard announced on Sunday the termination of work in the Russian market.

On March 10, these payment system cards issued in Russia will not operate abroad and will not be accepted for payment in foreign online stores.

These cards will continue to operate as usual within the country until the expiration date,
as operations have been processed through the national payment card system since 2015.

The Russian economy is expected to decline by 7%

Rating agency Moody’s predicted that the economy of the Russian Federation in 2022 ,
will decline by 7% against the backdrop of severe sanctions and their consequences.

In 2023, Russia’s GDP will continue to decline,
according to the release of the agency dedicated to downgrading the Russian Federation’s sovereign rating to a near-hypothetical level of “Ca”.

This is one of the first related forecasts about the depth of the Russian economy’s collapse.

So far, most analysts whose previous assessments have become irrelevant after the severe wave of sanctions, have not published any new projections.

“The continued depreciation of the ruble will have adverse economic consequences of increasing inflation and falling living standards,” the statement said.

While foreign exchange flows from Russian oil and gas exports could mitigate the impact of severe sanctions,
Moody’s believes this does not rule out a high probability of long-term economic shocks and increased vulnerability to shocks.

In addition, further tightening of sanctions against Russia by Western countries could affect a vital source of foreign exchange and government revenues.

The Agency warned that Russia would not soon be able to restore its investment rating, which it had until recently, even under an optimistic scenario.