MBR_Issue_29 -March 2017 ALL

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Malta Business Review CONTENTS March 2017 23 FOCUS: BAHRAIN NEW RULES PROVIDING 100% FOREIGN OWNERSHIP WILL BOOST INVESTMENT IN BAHRAIN Nbail Khoury brings us the latest comprehensive changes which Bahrain is making to its corporate laws 26 ICT CHOOSING THE RIGHT SOFTWARE IMPLEMENTATION PARTNER CAN MAKE OR BREAK YOUR PROJECT – AND YOUR BANK Darren Sammut discusses IT software project implementation 33 iGAMING SPECIAL FEATURE LEOVEGAS- THE LION’S DEN We find out why LeoVegas runs Europe’s fastest and most user-friendly mobile gaming platform 06 34 THE EMPLOYMENT BRANDING TOUR: CATENA MEDIA Jackie Porsche writes about the most successful online lead generation companies within the iGaming industry 36 EXCELLENT NETWORKING FOR BTOBET IN GEORGIA We follow the multinational igaming software provider BtoBet in the Georgia Gaming Congress in Tbilisi 06 COVER STORY EVERYBODY IS A LEADER! Interview with Kevin and Jeff Buttigieg who tell us just why RE/MAX are ahead of the curve 12 EU ANALYSIS FUTURE OF THE EU MEPs discuss five EU future scenarios set out by Jean Claude Juncker 14 TALKING POINT THE BIG DATA Denise De Gaetano probes why business and institutions have become deeply focused on Big Data 14 16 ANALYSIS & DEBATE WHO IS AFRAID OF THE TWITTER MAN? Werner E Jung makes several comparisons and dissertations on the tweeting President 42 39 CORPORATE INTERVIEW PARAGON EUROPE WITH AN ACTIVE ROLE DURING IN MALTA’S EU PRESIDENCY Edwin Ward, Chairman of Paragon Europe speaks to the Malta Business Review about his company’s involvement in upcoming EU Presidency conferences 40 FEATURE: DIGITAL CURRENCY TRADING THE BIGGEST MAJOR BITCOIN CRASHES IN THE LAST 10 YEARS Scarlett Andreson gives us a speedy update on the bitcoin trading ecosphere 58 60 Our Golden Partners Continental Cars Ltd. 42 FEATURE REPORTS 4 WAYS TO BECOME A PAPERLESS BUSINESS Laurie Leiker, PandaDoc team, discusses how they can help your business cut your paper use completely. 50 CYBERCRIME MALTA CONFERENCE 2017 Microsoft is Platinum Sponsor of the CMF, which will deal recent trends in cybercrime and cybersecurity technologies 58 RESEARCH DATA GIVING CONTEXT TO RESEARCH DATA A powerful data insight by Rebecca Zammit, Director of MISCO International Limited your perfect atmosphere 60 BUILDING & CONSTRUCTION WHY CONSTRUCTION CLIENTS SHOULD INVEST IN HEALTH & WELLBEING Katia Knox tells us why buildings influence the health, wellbeing and productivity of their occupants 4
Malta Business Review EDITORIAL The pressure on business leaders to meet or exceed short-term performance expectations continues and can, result in actions that may damage long-term value. Dynamic leaders will not allow that to occur. They have the vision, courage and motivation to stay on the path to building long-term, sustainable value for their business. The individuals appearing on the cover are committed to branding, growth and providing superior services which create long-term and lasting customer value. PUBLISHER MBR Publications Limited OFFICES Highland Apartment - Level 1, Naxxar Road, Birkirkara, BKR 9042 +356 2149 7814 EDITOR Martin Vella TECHNICAL ADVISOR Marcelle D’Argy Smith SALES DIRECTOR Margaret Brincat DESIGN Jacqueline Muscat ADVERTISING Call: 9940 6743 or 9926 0163/4/6; Email: margaret@mbrpublications.net or admin@mbrpublications.net CONTRIBUTORS Jean Paul Abela; Scarlett Anderson: Antoine Bonello; George Carol; Reza Deghati; Denise De Gaetano; Jean Paul Demajo; Werner E Jung; Nabil Khoury; Katia Knox; Laurie Leiker; Dean Lomax; Cezary Lewanowicz; Jackie Porsche; Olga Saliba; James Vella Clark; Rebecca Zammit SPECIAL THANKS Demajo Dental; DOI; HSBC; Farsons Simonds Cisk plc; LinkedIN; Ministry for Finance; Ministry for Tourism; POLITICO Brussels Playbook & Brexit Files, POLITICO SPRL PRINT PRODUCTION Printit QUOTE OF THE MONTH “Innovation distinguishes between a leader and a follower.” Disclaimer Steve Jobs All rights reserved. No part of this work covered by copyright may be reproduced or copied and reproduction in whole or part is strictly prohibited without written permission of the publisher. All content material available on this publication is duly protected by Maltese and International Law. No person, organisation, other publisher or online web content manager should rely, or on any way act upon any part of the contents of this publication, whether that information is sourced from the website, magazine or related product without first obtaining the publisher’s consent. The opinions expressed in the Malta Business Review are those of the authors or contributors, and are not necessarily those of the editor or publisher. Change is a constant occurrence but now, with most business organisations of size operating globally and dealing with new markets, the pace of change has accelerated at what many consider lightning speed. The explosive ingenuity of technologists, and the innovations that stem from that, has rendered past operating methods obsolete and future actions more challenging and uncertain. In other words, “what works well tomorrow may no longer come from the experiences of yesterday.” In such a rapidly changing environment, strong and decisive leadership becomes all the more critical in order to take on the strategic, tactical and structural issues required to win in tomorrow’s struggles and contests. We believe that Kevin Buttigieg, CEO / Managing Director at RE/MAX Malta, is precisely on target when he talks of “the right leadership talent at the top that is committed to constant innovation, constant reinvention of the business, and continuous and persistent investment and training”. The real estate industry has led in technology innovation and Buttigieg recognised early that RE/MAX “had to become a tech savvy company”. This required a “structural change” and a “resetting the mindset of everyone in the company”. Jenny Arnell, Catena Media, stresses that, “Management recognises its workforce as its biggest asset, and says it’s the prime success factor of the company. Diverse, creative and innovative people holding an ‘outside the box’ mentality is what the organisation promotes in order to deliver the best solutions for their clients.” When we view how politics often stymies getting things done, we appreciate the clear and decisive words and actions of ex-New York City’s mayor Michael Bloomberg who believed that “Mayors are expected to deliver results, not engage in endless debates; and we’re expected to be pragmatic problem solvers, not partisans”. Most leaders have an intuitive sense of the importance of behaviour in business performance. They know from experience that it all comes down to not only what their people do or don't do but—just as importantly— what's expected of them and what corporate habits motivate their actions. Can firms systematically and rigorously develop and manage behaviour to achieve predictable and superior performance? The short answer is yes, and the field of applied behavioural science (ABS) reveals how. ABS offers compelling insights into what actually influences human behaviour. It shows that any behaviour—what people say or do—is prompted by antecedents and then powerfully reinforced or undercut by the consequences of those actions. When the right behaviours become habitual, when they are consistently modelled by leaders, and when they are reinforced by policies and adopted by all, they create the kind of human willingness to perform great things. Martin Vella Editor-in-Chief Malta Business Review’s editorial opinions are decided by its Editor, and besides reflecting the Editor’s opinion, are written to represent a fair and impartial representation of facts, events and provide a correct analysis of local and international news. Talk to us: E-mail: martin@mbrpublications.net Twitter: @MBRPublications Facebook: www.facebook.com/MaltaBusinessReview Agents for: www.mbrpublications.net 5
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MBR_Issue_29 -March 2017 ALL

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