
L'Oréal Turkey Teams with AdCreative.ai
L'Oréal Turkey has partnered with AdCreative.ai to transform its creative production process using generative technology. The collaboration represents a step in L'Oréal Turkey's digital evolution, enabling the delivery of quality, optimised content at scale and with speed.
AdCreative.ai combines proprietary AI models with user-centric design to automate and elevate creative workflows. Now part of Appier, the company continues to operate at the intersection of marketing and machine intelligence, with roots in Istanbul and a global footprint.
Through this partnership, L'Oréal Turkey is leveraging AdCreative.ai to optimise every stage of its visual content creation.
This includes branded templates tailored to specific product lines, AI-assisted photo and video shoots that accelerate production timelines, precision-edited stock imagery that ensures brand consistency, and predictive scoring tools that help forecast creative performance before a campaign goes live.
'This partnership isn't just about automating workflows,' said Chih-Han Yu, CEO and Co-Founder of Appier. 'It's about enabling bold creativity and smarter marketing and we're proud to support L'Oréal Turkey as they lead that charge.'
L'Oréal Turkey's adoption of AdCreative.ai shows an industry shift, as beauty and retail brands turn to technology to remain agile in fragmented markets. By equipping its teams with scalable tools, the company is driving both creative efficiency and brand consistency, without compromising on quality or innovation.
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Powered by IBM Consulting, IBM iX offers a composable DXP, providing a comprehensive solution to make enterprises' systems future-ready. Utilising its data-driven insights and intelligent workflows, marketers can design and deliver human-centred experiences across the customer lifecycle.
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HCL Digital Experience (DX), forms part of a wider HCL Customer Experience (CX) product portfolio, offering core capabilities such as content management, DAM, CDP called Signals, and low-code application development. It provides services in government, life sciences, insurance, financial services, and other verticals.
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Contentstack is a headless CMS and Composable Digital Experience Platform (DXP) solution provider that helps marketers gain a competitive edge. It recently launched into Google Cloud Marketplace, and is also available on Microsoft Azure and AWS. It seamlessly enables mid-market brands to adopt its omnichannel campaign engine to drive higher conversions and sales.
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Bloomreach Commerce Experience Cloud provides businesses an edge with its modular capabilities: Content Management System (CMS), Discovery features for search and merchandising optimisation, and Engagement tools such as Customer Data Platforms (CDP) for personalisation and analytics.
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Adobe Experience Cloud offers a comprehensive set of services specifically designed to address the day-to-day requirements for personalised customer experience at scale. Its platform helps manage different digital content and assets to improve customer satisfaction. Some of its products include Adobe Gen Studio, Experience Manager Sites, Real-time CDP, and Marketo Engage.
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Acquia offers DXP solutions, comprising of two main elements: Acquia Drupal Cloud and Acquia Marketing Cloud. It can be accessed in both platform-as-a-service (PaaS) and software-as-a-service (SaaS) with additional components such as Site Factory for multisite management, digital asset management (DAM), CDP, personalisation, and Campaign Studio.
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Khaleej Times
2 hours ago
- Khaleej Times
India set to contribute 20% of total global growth by 2035
India is on track to become the world's third-largest economy by 2028 and to double its gross domestic product (GDP) to $10.6 trillion by 2035, contributing 20 per cent of total global growth over the next decade, according to a new Morgan Stanley report. The bullish projection reinforces India's status as the world's fastest-growing major economy, with a combination of decentralised state-level growth, robust domestic demand, and structural policy reforms propelling its upward trajectory. A standout theme in Morgan Stanley's forecast is the rise of states as key economic engines. Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, and Karnataka are expected to be the first Indian states to each achieve a $1 trillion economy. Gujarat, Maharashtra, and Telangana are currently the top-performing states by GDP, while others like Uttar Pradesh, Madhya Pradesh, and Chhattisgarh have significantly climbed economic rankings over the past five years. This shift reflects the success of India's 'competitive federalism', where states are increasingly responsible for policy innovation, industrialisation, and urbanisation. The report highlights how India's decentralised growth model is underpinned by sub-national governance, with states implementing agile policies and infrastructure initiatives tailored to their local economies. This trend is driving industrial diversification, improving labour markets, and attracting foreign and domestic investments. Morgan Stanley also expects India to contribute 20 per cent of total global growth over the next decade. As multinationals seek alternatives to China in their supply chains, India is emerging as a compelling manufacturing destination. This shift is bolstered by the government's Production Linked Incentive (PLI) schemes, which are beginning to show results in the form of rising exports, industrial capacity utilisation, and new global partnerships in electronics, semiconductors, pharmaceuticals, and renewable energy. India's capital markets are also a major growth story. According to Bloomberg data, Indian benchmark indices have outperformed most emerging markets over the past three years, driven by resilient corporate earnings, strong domestic consumption, and continued infrastructure spending. Foreign portfolio investments have remained robust, and market confidence has been further reinforced by the stability of the financial system and policy continuity. According to the Asian Development Bank (ADB), India's GDP is forecast to grow 6.5 per cent in 2025 and 6.7 per cent in 2026, supported by strong domestic demand, a normal monsoon, and expected monetary easing. Inflation is also moderating, with the Consumer Price Index (CPI) dropping to 2.1 per cent in June 2025 — the lowest in 77 months — as food inflation turned negative. ADB projects inflation to remain within the Reserve Bank of India's target range at 3.8 per cent in 2025 and 4.0 per cent in 2026. The Confederation of Indian Industry (CII) echoes these sentiments, projecting India's real GDP growth to range between 6.4 and 6.7 per cent this fiscal year. This reinforces India's position as the world's fastest-growing major economy, even as global growth slows and other developing Asian economies face headwinds from trade policy shifts and weakened exports. While the broader Asia-Pacific region grapples with uncertainties — such as escalating US tariffs, slowing Chinese growth, and geopolitical tensions — India appears better insulated. ADB's Chief Economist Albert Park noted that although Asia faces a weakening external environment, economies that maintain open trade and strong investment fundamentals can sustain growth momentum — India being a prime example. Domestic indicators show a mixed short-term picture. ICRA estimates India's GDP growth in the first quarter of FY26 to range between 6.1 and 6.5 per cent, down from 7.4 per cent in the previous quarter. The slowdown is attributed to excessive rainfall affecting coal production and power generation in June. Rating agency ICRA's Business Activity Monitor showed a 5.9 per cent year-on-year rise in June, slightly easing from 6.4 per cent in May. However, GST e-way bill generation and railway freight remained robust. The core sector growth moderated to 1.7 per cent in June, with weak performance in crude oil, refinery products, and electricity. Passenger vehicle and two-wheeler sales also slowed, alongside some softening in rural and urban labour market indicators. However, financial conditions have eased across markets, supported by policy rate cuts and improved liquidity. Despite short-term fluctuations, ICRA maintains a full-year GDP growth forecast of 6.2 per cent for FY26, assuming a well-distributed monsoon, stable crude oil prices around $70 per barrel, and continued rural demand. Risks remain, particularly from global economic volatility, energy market fluctuations, and escalating trade tensions.


Khaleej Times
2 hours ago
- Khaleej Times
India's TCS to cut 12,000 jobs as demand contracts
Indian IT giant Tata Consultancy Services said on Sunday it will cut around two percent of its global workforce, or about 12,000 jobs, as demand contracts in the sector it leads. The software services firm — India's largest by market cap — said the reductions would mainly affect employees in middle and senior roles and would be rolled out over the course of this year. TCS employs 613,000 people worldwide, and the IT services sector is one of India's biggest employers and revenue earners. The company said the move was part of efforts to become a "future-ready" organisation as it enters new markets and scales up its use of artificial intelligence. "As part of this journey, we will also be releasing associates from the organisation whose deployment may not be feasible," TCS said in a statement. It said the restructuring was being carried out with "due care" to avoid disruption to client services. After TCS's June-quarter revenue fell short of expectations, CEO K Krithivasan said this month that "continued global macro-economic and geopolitical uncertainties caused a demand contraction". IT services are the most visible part of India's modern economy and historically one of its biggest white-collar job creators, driving the expansion of the middle class. But a slowdown in the sector has seen hundreds of thousands of new graduates struggle to find work.


Middle East Eye
4 hours ago
- Middle East Eye
IMF warns against Egypt's military dominance over economy
In arguably its bluntest report to date, the International Monetary Fund (IMF) warned that Egypt's military-controlled economic model is crippling private sector growth, deterring investors and keeping the country in a cycle of debt and underperformance. In its long-delayed staff report for the fourth review of Egypt's loan programme, the IMF noted: 'The economic landscape is dominated by public-driven investments, an uneven playing field, and state-owned entities, including military ones.' The IMF further warned that military-owned firms continue to enjoy 'preferential treatment', including tax breaks, cheap land and privileged access to credit and public contracts. Such privileges, the 202-page report notes, have continued to sideline private sector competitors and distort the market. While Cairo has taken some economic steps - such as floating the pound, slashing subsidies and launching a state ownership policy - the IMF says progress has been 'uneven and slow', leaving many of the country's key problems unresolved. New MEE newsletter: Jerusalem Dispatch Sign up to get the latest insights and analysis on Israel-Palestine, alongside Turkey Unpacked and other MEE newsletters Public debt remains high, and Egypt's external debt is expected to rise from $156.7bn to $180.6bn in the current fiscal year, deepening the country's financial strain, according to the IMF. Meanwhile, everyday Egyptians are bearing the brunt, grappling with soaring inflation, declining ages and a shrinking safety net, the report suggests. A flawed economic model The military's grip on Egypt's economy is not new. It dates back to the 1950s, following the July 1952 revolution, when army officers overthrew the monarchy. But the generals' economic role expanded significantly after the 2011 uprising, when the Supreme Council of the Armed Forces (SCAF) assumed control following the ouster of long-time autocrat Hosni Mubarak. The situation even worsened under President Abdel Fattah el-Sisi, who technically assumed power in 2013 after he had led a coup that removed Egypt's first democratically elected president, Mohamed Morsi. Egypt's Sisi accused of 'giving away' strategic Red Sea land of Ras Shukeir after decree Read More » One of the IMF's central concerns is the ongoing expansion of military-run businesses in non-defence sectors, operating behind closed doors, with little transparency or public oversight. The military has steadily expanded its role in construction, agriculture and other civilian sectors, justifying its reach by claiming to deliver major national projects and secure economic stability. But experts argue that this flawed model pushes out the private sector and reinforces a non-transparent economic elite. 'Military involvement in the country's economy undermined competition, discouraged private investment, and distorted market signals, creating a dual economy - one transparent and risky - and the other opaque and protected,' a Cairo-based economist told Middle East Eye on condition of anonymity for security concerns. The expert's view is echoed by a construction contractor in the Mediterranean city of Alexandria, who also asked to remain anonymous for similar reasons. 'Military involvement in the country's economy undermined competition' - Egyptian economist 'Before the army stepped into our industry, I used to have three projects running in and around Alexandria,' he told MEE. 'Now, I'm lucky if I get one a year. We just can't compete with the pricing or timelines of military-backed companies.' In 2019, Mohamed Ali, a former contractor now living in self-imposed exile in Spain, blew the whistle on the military's business dealings, sharing explosive behind-the-scenes details in a series of viral videos and social media posts. His revelations sent shock waves through Egypt, sparking rare public outrage and calls for accountability in a country where questioning the military is often taboo. In an exclusive interview with MEE, Ali revealed that he received state-funded projects without contracts or oversight. His claims, supported by the IMF's latest report, painted a picture of a shadow economy that avoids scrutiny. The IMF's latest report reflects those alarms, reinforcing long-standing concerns about secrecy and privilege in Egypt's economic system. 'While some private sector representatives reported improved access to foreign exchange,' the IMF noted, 'others flagged an uneven playing field in key sectors.' The report also pointed to 'gaps in transparency and accountability' in both state-run and military-affiliated companies. According to the report, military-owned and state-run firms benefit from tax exemptions, access to prime land and cheap labour, all while operating with very limited transparency about their finances. In industries like cement, steel, and marble and granite, military firms control up to 36 percent of the market, making it nearly impossible for genuine private competition to develop. An earlier section of the report noted that the 'reallocation of public spending towards military-related or high-profile projects diverts resources from more productive uses, and undermines long-term growth potential', cautioning that ongoing public sector control can discourage foreign investment and crowd out domestic enterprise. Credibility at stake The fifth and sixth reviews of Egypt's $8bn loan programme have now been merged and delayed, another sign of the IMF's mounting frustration. The delay highlights Cairo's slow progress on key commitments, especially privatising state and army-run companies and reducing fiscal vulnerabilities that still burden the economy. As part of its commitments to the IMF, the Egyptian government has promised to sell stakes in 11 state-owned enterprises by mid-2027. Four of these companies are military-owned, including Wataniya Petroleum and Safi, a bottled water company that has faced long-standing criticism for its lack of financial transparency. IMF more than doubles Egypt bailout deal to $8bn following devaluation Read More » The plan aims to increase private sector involvement and restore investor confidence. However, progress has been slow. Both Wataniya and Safi have been moved to the Sovereign Fund of Egypt to prepare them for sale. Two other military-affiliated companies - ChillOut, a fuel station chain, and Silo Foods - a large food processing business, are also set to be offered to local and foreign investors as part of the state's broader privatisation effort. While Gulf investors have consistently expressed interest in buying these military-run businesses, the deals have faced continuous delays, despite numerous promises and public statements from Egyptian officials. No clear timeline has been established, which raises questions about the government's willingness and ability to fulfil its privatisation commitments. Despite Egypt's shift to a flexible foreign exchange rate in March 2024, commended by the international lender, the report made it clear that Cairo must keep up with reforms to secure the next $2.5bn loan tranche. 'Preserving exchange rate flexibility and rebuilding credibility in the monetary framework will be critical,' the IMF explained. With public debt soaring and economic inequality deepening, the IMF's warning comes at a crucial moment. 'Unless exclusive benefits offered to military and state firms are lifted and transparency is ensured, private businesses will continue to hold back. The IMF's message is crystal clear. Sustainable growth requires fair play, not to protect a powerful few who avoid public scrutiny,' the economist concluded.