We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Power shift, Part I

Power shift, Part I

The economic downturn may have jolted the region’s media industry, but it is triggering changes that are long overdue, Part I.


September 20, 2009 9:02 by

Whether consumers stopped spending first, or brands started driving efficiencies early, the net outcome was the same. The amount of money flowing into and through the media industry, so certain in the boom years of 2007 and 2008, was suddenly under threat.

It was a reality check for an industry that had previously known nothing but sunshine and blue skies. In the gathering storm, contracts were instantly the subject of heavy scrutiny, and marketing budgets were hastily earmarked for potential revision ­ downwards.

“The bottom fell out of the advertising market in the fourth quarter of 2008,” says Ian Sanders, partner at PricewaterhouseCoopers and co-author of the Arab Media Outlook. “Driven by the big advertisers in the region (financial services and real estate), advertising spend fell through the floor, and that fed its way through the system. In fact, that is still feeding its way through the system.”

The tightening of company budgets is no great surprise given the circumstances, but the pattern of financial behavior in the media industry is more complex than that. Advertising revenue, the key economic measure for the industry, appears to have remained consistent through the financial crisis. On the other hand, according to quarter one and two results, pan-Arab media spend (across all media) has actually increased in the downturn. According to Ipsos MediaCT, total ad spend in the first half of 2009 was about $2.2bn, compared with just under $2 billion for the same period in 2008-­ an increase of more than 12 percent.

Pages: 1 2 3 4


Tags: , , , , ,

1 Comment

  1. M Jacob on September 22, 2009 9:00 am

    Hopefully this also means media agency people in the region are now better qualified and capable of strategic thinking.


Leave a Comment