Experts estimate that virtual meetings will lead to savings in costs for business travel and other expenses. Alexander F Yuan / AP Photo
Experts estimate that virtual meetings will lead to savings in costs for business travel and other expenses. Alexander F Yuan / AP Photo

Is that you or your avatar?



Business travel is often viewed as a necessary evil for operating in the global economy.

But surely the shaky economic recovery combined with the need to cut carbon emissions would lead companies to question the necessity of business trips? Apparently not.

A survey of 400 European executives reveals that while a third question whether they get the best value from travel, a quarter plan to increase business trips this year.

A third believe that many of the meetings they attend could be conducted by videoconferencing, and 45 per cent surveyed by Coleman Parkes Research - on behalf of Polycom - believed they could save a lot of money using the technology. But 40 per cent of the companies surveyed have not yet introduced it. Organisations in the Middle East are even less keen, according to Dr Eesa Bastaki, the chief executive of the ICT Fund in Dubai, which provides financial support and advice to information technology companies.

"There is a lot of teleconferencing happening, especially in education and with private companies but generally speaking people like to travel. Videoconferencing is not utilised in the Middle East as much as other places," he says.

Compare that to India, where an estimated 98 per cent of workplaces use the technology for everyday affairs, according to research by Cable&Wireless Worldwide. After face-to-face meetings and e-mail, videoconferencing is the third most preferred method of communicating with clients.

So why have companies in the Middle East not embraced the technology with the same enthusiasm?

It is partly down to the weather, as executives seize the opportunity to travel abroad during the hot summer months, says Dr Bastaki.

"Business travel always increases in the summer. One of the things is to go for business plus a change of weather. It's like killing two birds with one stone," he says.

Videoconferencing, or telepresence as it is also known, is effective for meetings that last a short time and involve few people, but less successful for larger gatherings, he says.

"It's good if you're talking to people for a short time, but if meetings last hours, it is more difficult," he says. "If a meeting lasts more than an hour it's good to have personal contact."

However, he is excited about the future of videoconferencing: virtual meetings.

With a click of a button, delegates - or rather their avatars - will be able to enter a virtual building and sit alongside colleagues thousands of kilometres away.

Some experts estimate that the technology will lead to 50 to 80 per cent savings in costs for business travel and venue bookings.

"You will feel like you are sitting beside the person even if you are far away because (the technology) will make you feel you are actually there. There will be no need to travel," says Dr Bastaki.

Virtual meetings technology is still five to 10 years away, but many companies are investing heavily in videoconferencing now.

PRTM, an international management consultancy, which advises companies on innovation, is one of them.

The lead director of PRTM's Middle East region, Dr Anil Khurana, says the company has not yet made a targeted effort to reduce travel, but it has invested in technology that could lead to that.

"We're doing a lot to invest in technology, like videoconferencing, to make things more efficient," he says. The potential savings are less in costs than in time - an equally valuable resource.

"Videoconferencing is a tool that we're going to use more of," he says.

COMPANY%20PROFILE
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Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

COMPANY%20PROFILE
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Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Hoopla%3Cbr%3E%3Cstrong%3EDate%20started%3A%20%3C%2Fstrong%3EMarch%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Jacqueline%20Perrottet%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2010%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%3Cbr%3E%3Cstrong%3EInvestment%20required%3A%3C%2Fstrong%3E%20%24500%2C000%3C%2Fp%3E%0A

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

How to register as a donor

1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention

2) There are about 11,000 patients in the country in need of organ transplants

3) People must be over 21. Emiratis and residents can register. 

4) The campaign uses the hashtag  #donate_hope

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

The biog

Name: Marie Byrne

Nationality: Irish

Favourite film: The Shawshank Redemption

Book: Seagull by Jonathan Livingston

Life lesson: A person is not old until regret takes the place of their dreams

Ticket prices
  • Golden circle - Dh995
  • Floor Standing - Dh495
  • Lower Bowl Platinum - Dh95
  • Lower Bowl premium - Dh795
  • Lower Bowl Plus - Dh695
  • Lower Bowl Standard- Dh595
  • Upper Bowl Premium - Dh395
  • Upper Bowl standard - Dh295

The Transfiguration

Director: Michael O’Shea

Starring: Eric Ruffin, Chloe Levine

Three stars

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
UAE squad

Humaira Tasneem (c), Chamani Senevirathne (vc), Subha Srinivasan, NIsha Ali, Udeni Kuruppuarachchi, Chaya Mughal, Roopa Nagraj, Esha Oza, Ishani Senevirathne, Heena Hotchandani, Keveesha Kumari, Judith Cleetus, Chavi Bhatt, Namita D’Souza.

The%20specs
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Match info

Premier League

Manchester United 2 (Martial 30', Lingard 69')
Arsenal 2 (Mustafi 26', Rojo 68' OG)

RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors