Newsletter No. 86
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Free Pint "Helping 37,000 people use the Web for their work" http://www.freepint.com/ ISSN 1460-7239 26th April 2001 No.86 > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = IN THIS ISSUE EDITORIAL MY FAVOURITE TIPPLES from Rachel Newcombe FREE PINT BAR In Association with Factiva a Dow Jones & Reuters Company Reviewed by Simon Collery TIPS AND TECHNIQUES "Investment Funds" By Trevor Harvey BOOKSHELF "Weaving the Web" and "How the Web was Born" Reviewed by Ralph Adam FEATURE ARTICLE "Searching for the ultimate Middle East business site" By Gil Feiler EVENTS, GOLD AND FORTHCOMING ARTICLES CONTACT INFORMATION ONLINE VERSION WITH ACTIVATED HYPERLINKS <http://www.freepint.com/issues/260401.htm> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = > = = = = = = = = = = = = = ADVERTISEMENT = = = = = = = = = = = = = = ONLINE INFORMATION FOR THE CITY 23 & 24 May 2001, The Baltic Exchange, London EC3, UK >>> Financial and business information to the desktop <<< http://www.online-information-city.co.uk Meet the leading business and financial information providers Attend FREE seminars from TFPL and CiG. Save weeks of fact-finding at the office! > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = [li861] > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = >>> ABOUT FREE PINT <<< Free Pint is a community of business professionals who use the Web for their research. Members receive this free newsletter every two weeks packed with tips on finding quality and reliable business information on the Internet. Joining is free at <http://www.freepint.com/> and provides access to the substantial archive of articles, book reviews, industry news and events, with answers to your research questions and networking at the "Free Pint Bar" and "Student Bar". This newsletter is best read when printed out and viewed in a Courier font. > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = EDITORIAL With our move from <freepint.co.uk> to <freepint.com> now complete, some may say that this is hardly the time to be promoting oneself as a dot-com. Well, I suppose we are and we aren't. We are a true dot-com by virtue of the fact that we only trade online, but that's about as far as it goes. We are a 'real' company in that we employ knowledgeable professionals who provide expertise and advice. We support valuable community features whilst at the same time selling bona fide services. Although we don't sell tangible goods as such, there is an increasing acceptance of the value and price of 'information' itself. As you know, our main offering at the moment is the UK company research service at <http://www.freepint.com/icc/> and lots of people are buying reports. Our list hosting is also proving popular and we're welcoming new lists all the time. This is all being handled admirably by our custom-built invoicing system which pulls everything together. It's satisfying to be a part of all of this, and we regularly receive lovely emails complimenting us on our customer service. This is something I take very seriously as noted in my response to one Bar posting at <http://www.freepint.com/go/b9023>. So, a big thank you to everyone who's trusting us with their purchases and helping us build exciting new services for our members. In today's newsletter we take a look at how to find resources on the confusing range of investment funds. There's news about business sites in the Middle East, whilst the book review covers two books about the history of the Web itself. All this along with the usual gossip from the Free Pint Bars. We welcome your feedback on everything we do, and ask that you pass the newsletter on to anyone who might like their own Free Pint. Remember to visit us at <http://www.freepint.com/> but don't forget that there's a real company behind the scenes too! Cheers William William Hann BSc MIInfSc, Founder and Managing Editor Email: <william@freepint.com> Tel: +44 (0)1784 455435 (c) Free Pint Limited 1997-2001 > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = > = = = = = = = = = = = = = ADVERTISEMENT = = = = = = = = = = = = = = Environmental Information Workshops at the British Library. Sources of Environmental Information 15 May and Environmental Information on the Internet 12 June 2001. With environmental issues growing in prominence, access to up-to-date and relevant information has never been more important. The workshops introduce you to a wide range of resources, including search engines, websites and portals. Hands-on sessions included on both dates. For further details t:020 7412 7978 or see our website at http://www.bl.uk/services/stb/courses.html > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = [bl862] > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = >>> UK COMPANIES UNDER THE MICROSCOPE <<< <http://www.freepint.com/icc/> Need to know the registered address for a UK company? How about detailed financials and images of their accounts? Use Free Pint's UK company gateway for free basic details, or purchase in-depth reports immediately by credit card or invoice. Try a search today at <http://www.freepint.com/icc/> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = MY FAVOURITE TIPPLES from Rachel Newcombe * Journalism.co.uk - Site for UK journalists. Contains news, resources and jobs. It also offers a free monthly email newsletter. <http://www.journalism.co.uk> * ukonline.gov.uk - UK public sector site. Excellent resource that has links to all the various UK government portals and local government sites. <http://www.ukonline.gov.uk> * Yell - Online version of the Yellow Pages. Offers a quick and easy way of locating businesses/services throughout the UK. <http://uk.yell.com/home.html> (also has a US option). * ShopSmart - Offers information, advice and reviews of UK online shopping sites and has a handy price comparison facility for various popular products. <http://uk.shopsmart.com/> * British Magazines Direct - Site where you can purchase most British magazines. Particularly useful if certain publications are difficult to get hold of locally or if you're living abroad. <http://www.britishmagazines.com/> Rachel Newcombe is a writer and researcher for online and print media. She can be found on the Web at <http://www.newcombe.co.uk/media>. Tell us about your top five favourite Web sites. See the guidelines at <http://www.freepint.com/author.htm> or email <simon@freepint.com>. > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = > = = = = = = = = = = = = = ADVERTISEMENT = = = = = = = = = = = = = = Taxonomies are chic A new Factiva White Paper entitled "The Value of Indexing" explores the reasons beyond the current popularity of taxonomies and indexing. It also describes Factiva Intelligent Indexing(r), outlines some novel customer applications and provides a comparison of search results from two popular Web search engines and from two Factiva products. Read it on http://www.factiva.com/infopro whitepapers and presentations. > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = [fa863] > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = >>> IT'S TRICKY PUBLISHING AN EMAIL NEWSLETTER OR ANNOUNCEMENT <<< 1) Exactly who received the publication and who didn't, and why? 2) How can you handle all the subscriptions automatically? 3) What about distributing to only part of your list? Free Pint's list hosting service offers results drill-down (1), automated subscription handling from your site with error checking (2) and category filtering (3). All this along with advice and first rate customer service. Find out more at <http://www.freepint.com/bulk/> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = FREE PINT BAR In Association with Factiva a Dow Jones & Reuters Company Reviewed by Simon Collery <http://www.freepint.com/issues/260401.htm#bar> Free Pint Bar - <http://www.freepint.com/bar> [Note: To read a posting enter the message number in place of XXXX in the address <http://www.freepint.com/go/bXXXX> or enter the number in the "Jump To" box on the Bar homepage] Regulars in the Bar will have heard that the US patent search site, Delphion, is going to start charging a monthly fee soon (9062). While this is regrettable, there are alternative search resources for patents. But there's no telling how long they'll remain free. Big Web sites are expensive to run and they do have to pay for themselves somehow. And talking of making money, it's a commonly heard remark that people will search the Web for information about things they want to buy but remain reluctant to purchase the item online. I wonder if the people who asked about buying cars (9006) or houses (9076) or flight tickets (8800) ended up buying those products online. Apparently recruitment is doing well on the Web and ease of communication, especially in niche online communities, could be one reason for this. There are always several postings a week in the Free Pint Bar on job related matters (8933, 8997, 8834, 8898, 8799, 9055, 9012). Alas, one education job site seems to lump information professionals together as "administration" (8944), which is not terribly helpful. Well, whatever about ecommerce, those looking for good resources in the Bar haven't been leaving empty-handed. We've served up sites on direct marketing (8974), grey literature (8879), map symbols (8850), UK SIC codes (8937), online translations (8955), bioplastics magazines (9020), cheap flights (8845) and Ordnance Survey grid references (9070). There have been several specific queries about market research (8840, 9041, 8882) and marketing jobs (8803). While we're on the subject, does anyone know where to find a list of Europe's most celebrated marketing projects (9107)? Other business research queries relate to US company registration (9119), the relative merits of Frankfurt and London as financial centres (8836), historic share prices (8869), industry rankings (8860), alternative databases to D&B (9121) and funding sources for non profit making development programmes (9015). For the competitive intelligence minded, there are queries about a company's advertising spend (8837), establishing domain name ownership (9038), software sales figures (8958) and research and development spending (8996). Quantitative data can be difficult to find at times but requests for sources of driving test statistics (8949), steel production figures (8805) and rankings for UK search engines (8894) elicited a good response. But one Free Pinter is still looking for research data on the use of Information Communication Technology in schools (8857). Now, you'd expect to get questions about information needs assessments (9046), technical news feeds (9102), professional indemnity insurance for freelancers (9030), online lists of International Non-Proprietary Names (9114) and automatic fog index generators (9056) in the Free Pint Bar. Having said that, all those questions still require an answer. But sometimes it's hard to predict what people will ask about next. Flying in Africa (8969), virtual reality research (8890), latitude and longitude data (8989), child model agencies (8848) or Chinese land contamination (9103), for example. Of course, technical and Web mastering questions are bread and butter in the Bar. Recent subjects include Internet copyright (9042), SMS access from PCs (8983), rates for freelance designers (9116), problems with MS Outlook (8941, 8864), putting logos in the address bar (8952) and free Web site hosting (8948). The matter of automatic notification of broken URLs (9031) has yet to be resolved, so we'd love to hear from anyone who knows about such things. And while we are pleased that people are willing to complete a survey on online communities, I would ask people to email the researcher directly and not to fill in the questionnaire online (8977). Finally, we've had a query about setting up a UK support group for victims of medical negligence (8994). Perhaps such a group will find a way of compensating victims and weeding out malpractice without incurring huge costs for cash strapped health authorities. Otherwise the only beneficiaries will be a few successful claimants and a lot of wealthy law firms. Free Pint Student Bar - <http://www.freepint.com/student> [Note: To read a posting enter the message number in place of XXXX in the address <http://www.freepint.com/go/sXXXX>] Some students have been busy researching cataloguing in medical libraries (1328), the chemical elements in the human body (1329), bibliographic databases (1337), linguistic features of email (1327) and the future of print versions of newspapers (1346). Others have been looking for careers advice (1349), internships (1353) and funding (1332). There are a couple of writing (1350) and IT consultancy (1345) job offers, but the emphasis is on gaining experience rather than on remuneration. Simon Collery, Content Developer <simon@freepint.com> If you have a tricky research question or can help other Free Pinters then do post a message at the Bar <http://www.freepint.com/bar> or the Student Bar <http://www.freepint.com/student>. To have the latest Free Pint Bar postings sent to you every other day, send a blank email to <digest@freepint.com>. For the Student Bar Digest send an email to <studentdigest@freepint.com>. > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = >>> YOU'RE READING THIS - SO ARE YOUR POTENTIAL CUSTOMERS <<< <http://www.freepint.com/advert.htm> Advertising in Free Pint works. That's why we have annual advertisers rebooking year-on-year (Factiva, Learned Information, British Library, Esmerk ...). If you too would like extensive exposure at a modest price then consider advertising with Free Pint. Find out more: <http://www.freepint.com/advert.htm> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = TIPS AND TECHNIQUES <http://www.freepint.com/issues/260401.htm#tips> "Investment Funds" By Trevor Harvey Unit trusts, investment trusts, open-ended investment companies, venture capital, PEPs, ISAs are all types of investment funds. Until recently, it could be argued that such terminology was only familiar to those who worked in the City of London, but if the number of advertisements in the UK press and on the London Underground are anything to go by, investment funds are now very much in the public consciousness and are seen in the UK, at least, as long term savings vehicles for the ordinary consumer. Most of the sites under discussion in this article are of UK provenance but the nature of investment funds means their application is, in many cases, cross-border. When researching funds on the web it is important to distinguish between those sites maintained by companies who are promoting their own products and those sites which are independent of any investment provider and, in theory at least, carry unbiased information. My review will concentrate on this second type of website. A useful starting point would be to understand and define the terms used in funds work. The fund map site at <http://www.fundmap.com> has a very useful glossary. Indeed, this site, which is maintained by the London based journal 'International Fund Investment', provides an excellent introduction to the funds world. For example, it lists all those 'service providers' or organizations such as the fund promoter, the sales agent, the custodian and the auditor who, together with the manager, ensure that a fund functions successfully. Researchers new to investment funds should also check out the Financial Regulatory Briefing at <http://www.frb.co.uk>. This monthly subscription newsletter is a round up of press releases and articles from a wide range of financial/investment based organisations but the website's search facility enables you to access both current and archive items and to link directly to the website of a contributor. TrustNet <http://www.trustnet.co.uk> is another general site with information on Individual Savings Accounts (ISAs), open ended investment companies (OEICs), ethical funds, exchange traded funds and venture capital trusts. Private equity, venture capital, exchange traded funds ------------------------------------------------------ Private Equity provides equity capital to enterprises not quoted on a stock market. Venture capital is, strictly speaking, a subset of private equity and refers to equity investments made for the launch or expansion of a business. A European perspective is covered by the European Private Equity and Venture Capital Association (EVCA) site at <http://www.evca.com> which also has links to various countries' national venture capital associations. The UK venture capital industry is the largest and most developed in Europe and the British Venture Capital Association (BVCA) at <http://www.bvca.co.uk> represents the vast majority of venture capital and private equity in the UK. The site has statistical information, a directory of members and publications. If you need to look at the industry from a US perspective there is the National Venture Capital Association (NVCA) site at <http://www.nvca.com>. Exchange traded funds (ETFs) are very much the funds flavour of the month. There has been considerable discussion in the specialist press recently and the indexfund.com site <http://www.indexfundsonline.com> has a dedicated 'ETF zone' which informs us that an ETF is "A basket of stocks that reflects the composition of an index, like the S&P 500 or the Nasdaq 100. The ETF's trading value is based on the net asset value of the underlying stocks that it represents. Think of it as a mutual fund that you can buy and sell in real time at a price that changes throughout the day". Hedge funds, unit trusts, investment trusts ------------------------------------------- Similarly, hedge funds have had a high profile in the press over the past year. In its report 'Background note on the hedge fund industry' the Financial Stability Forum defines the term 'hedge fund' as "Any pooled investment vehicle that is privately organized, administered by professional investment managers, and not widely available to the public". HedgeWorld, <http://www.hedgeworld.com/> is an excellent site packed with up-to-date US and UK news about hedge funds. There are also research reports, directory of service providers, and even interviews with industry leaders on the HedgeCall Radio Network. According to The Association of Unit Trusts and Investment Funds (AUTIF), there are 1,937 funds in the UK. This trade body, which represents these two investment vehicles, has its website at <http://www.investmentfunds.org.uk>. Unit Trusts invest money in the stock market on behalf of many private investors who have all pooled their funds so that it can be invested on their behalf by a fund manager. This money is then invested in a portfolio (or wide range) of companies which will be more varied than the small investor could achieve on his own, the idea being to make your investment grow as quickly as possible. On the AUTIF site you will find a range of statistical information, fact sheets and press releases. A list of all AUTIF members can be accessed and in addition to contact details you can also check the total value of each company's funds under management and the minimum amount that the company will accept through regular monthly contributions. Canny investors will seriously consider investment trusts as they offer exceptional capital growth, or income (or both) with minimum risk. The Association of Investment Trust Companies (AITC) site at <http://www.aitc.co.uk> has details on performance and how to choose an investment trust. The AITC is currently running a high profile campaign promoting investment trusts (or 'ITS') and their series of handy guides are clearly written and aimed at consumers. Offshore funds, pension funds ----------------------------- If you thought that anything to do with offshore funds and companies was clouded in secrecy and mystique then you should take a look at the Lowtax.net site <http://www.lowtax.net>, which is one of the most comprehensive funds web sites I have come across. Over the last twenty years, advances in technology have made it easier to access offshore facilities. Today's offshore industry has become a major global business and the Lowtax site reflects this trend. It's packed with lots of useful information. There are details of 33 offshore jurisdictions with a map and information about the country, its climate, economy, currency and tax system. There are also links to consultancies, banks and other service providers, including a comparative assessment of the value of each jurisdiction as an offshore financial centre. If you want information on UK pension funds then the best place to look is the National Association of Pension Funds (NAPF) website at <http://www.napf.co.uk> which has details of publications and conferences as well as news stories. Stakeholder pensions, which became available in the UK from 6 April 2001, are in many ways a response to the pensions misselling debacle of the early 1990s. They are intended to provide a low cost, privately funded supplement to the basic state pension. The Occupational Pensions Regulatory Authority (OPRA) was set up by Parliament to help make sure that occupational pension schemes are safe and well run. Their website at <http://www.opra.gov.uk/> has a section devoted to stakeholder pensions. Trade associations and regulatory authorities --------------------------------------------- APCIMS is The Association of Private Client Investment Managers and Stockbrokers. Their web site at <http://www.apcims.co.uk/> contains news, a directory of members and publications. The UK Society of Investment Professionals (UKSIP) <http://www.iimr.com/index.html> is the professional body providing qualifications for the profession of investment analyst and fund manager. The primary purpose of the Fund Managers' Association (FMA) <http://www.ifma.org.uk/> is to represent the interests of UK based institutional fund managers. As its website's front page says: "FMA will consult on behalf of its members with regulatory organisations, trade associations, Government and other bodies in the UK, the European Community and internationally, to ensure that the industry's interests and concerns are made known and taken into account". Finally, anyone dealing with investment funds in the UK should be aware of the main regulatory body, the Financial Services Authority (FSA) <http://www.fsa.gov.uk>, who regulate collective investment schemes directly and are also responsible for a number of specialist bodies or self-regulatory organisations (SROs) who have the power to authorise investment business. > - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Trevor Harvey is Information Officer for the Financial Institutions Group at City law firm Clifford Chance <http://www.cliffordchance.com>. He has previously held posts at St Quintin property consultancy and the RICS. He is a member of the City Information Group and the Institute of Information Scientists. He writes here in a personal capacity. > - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Related Free Pint links: * "Finance and Business" articles & resources in the Free Pint Portal <http://www.freepint.com/go/p50> * Read this article online, with activated hyperlinks <http://www.freepint.com/issues/260401.htm#tips> * Post a message to the author now at the Free Pint Bar <http://www.freepint.com/bar> * Access the entire archive of Free Pint content <http://www.freepint.com/portal/content/> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = >>> FREE PINT FACT <<< We know that some of the Web addresses in this newsletter can get rather long. For instance, to read a posting at the Bar you've got to type in something like <http://www.freepint.com/bar/read.php?i=5016>. Accessing a category in the Free Pint Portal is even worse with URLs like <http://www.freepint.com/portal/industry/industry.php3?category_id=69>. Therefore, we've created the new "Go" feature. All addresses are short and have the same format. e.g. to read the posting mentioned above you'd simply type <http://www.freepint.com/go/b5016>. Notice that the "b" in the middle tells us it's at the Bar. For that Portal category you'd simply use <http://www.freepint.com/go/p69> ("p" for Portal). William Hann, Managing Editor <william@freepint.com> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = FREE PINT BOOKSHELF <http://www.freepint.com/bookshelf> "Weaving the Web" and "How the Web was Born" Reviewed by Ralph Adam Here's a quiz question: Christmas 2000 was the Tenth Anniversary of the Creation. But, the creation of what? The Web, of course. For most Free Pint readers the Web is a key part of daily life. Can you imagine being without it? Or that nine (yes, that's 9) short years ago, it was barely heard of? I've just taken the May 1993 version of Ed Kroll's Whole Internet Catalog (the first book to bring the Internet to public notice) off my shelf. Chapter 13 (all sixteen pages of it) is devoted to the Web ("the newest information service to arrive on the Internet."). He explains what a 'browser' is and recommends access by telnetting to Switzerland ('info.cern.ch') so that readers can see what the Web might do. "The Web appears to have a subject-orientated flavour", Kroll goes on to say and, as an example, suggests searching for items on France. Anyone following his advice, using a WAIS Z39.50 server, would have found 40 items (the built-in limit). How many would Google provide if you searched on the simple term 'France' in 2001? So, in Web terms, modern life began less than eight years ago. But, Christmas Day, 1990 was the day the Web was born and it's two progenitors, one of whom was more concerned with the impending birth of his first baby, linked their browser/editors for the first time. The World Wide Web was created by two men: Tim Berners-Lee and Robert Cailliau and it is appropriate that this tenth anniversary has been marked by each producing a book to tell his own story of what happened in those far-off days. Berners-Lee was an English physicist working at CERN, the European Nuclear Research Centre, just outside Geneva. He wasn't an information scientist and knew neither of the principles of information retrieval, nor of his predecessors, such as H.G. Wells, Vannevar Bush and J.C.R. Licklider, in the search for an all-embracing, hypertext-linked source for all the world's information resources. Berners-Lee initially put forward his idea for the WWW as a seamless network for physicists to share data from one another's research. His book is an autobiography, full of fascinating personal insights and written in a slightly naive style which is almost entirely devoid of the underlying politics. The subtitle of Berners-Lee's book is: 'the past, present and future of the World Wide Web by its inventor'. It is a personal story filled with snippets of history, as well as pen-portraits of the people who flitted in and out of his working life (some, very briefly!). The key institutions are there, too: IETF, MIT, NCSA, the WWW Consortium. Berners-Lee goes on to explain how XML and the Semantic Web came about. In between he highlights the factors that inspired him and intersperses these with personal observations ("As amazing as it would be to see the Web develop, it would never compare to seeing the development of our child"). The book reads a little like a religious quest and, appropriately enough, the story ends with Berners-Lee's explanation of how he joined what he sees as the ideal cult for Internet followers: the Unitarian Universalist Church. Weaving the Web is an absorbing book if you enjoy exploring the minds of great inventors, or are interested in the history of the Web. For some, the fact that terms like 'key-word' or 'relational database' are italicised and explained, to show that they're abstruse jargon, might be an irritation. But don't let that put you off. It's a fascinating read - even for a holiday. The volume ends with a useful glossary. Don't, however, put too much faith in the book's index! Cailliau comes from a different background: a Belgian engineer at CERN who, in 1990, became the Web's self-proclaimed evangelist. It was he who gave Berners-Lee the support he needed and helped manipulate CERN's management so that the idea of a world-wide web could become a reality. (James Gillies is a CERN science writer). Gillies and Cailliau's book is much more substantial and more of a history - of not just the Web, but of the Internet's origins, too. It also contains a chronology since 1935, a 'cast of characters' (many of whom we've already met in Weaving the Web) and a detailed bibliography. This is, perhaps, THE resource for researching the history of the Web and its progenitors - so, there's no need for any more requests for 'key references on the Web's history' at the Free Pint Student Bar! Few people will consider this a 'beach' book. Personally, I found some sections rather detailed, but learned a great deal. There's a lot of background: how many people are aware of the role Britain played in bringing the Internet to Europe after 1968, for instance? It's all here. And, although this is the story of the Web's birth, Berners-Lee doesn't even appear on the scene until page 142! There are photos of the main players and even the design of the first CERN tee-shirt! These books are very different, but together they provide an excellent picture of the Web's origins and development. Strangely, there's a religious air in both (for example, Gillies and Cailliau describe Berners-Lee as a prodigal son). This seems to be a feature of the Web. Last year, I heard Cailliau speak at CERN and felt as if I were on a pilgrimage. Very strange. Don't, however, let that put you off reading these two fascinating stories. And at next Christmas's info-quiz you'll be able to answer every question on Nicola Pellow, Port 80 or the W3C. Without any need to phone a friend. Or ask the audience! > - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Related Free Pint links: * Find out more about these books online at the Free Pint Bookshelf <http://www.freepint.com/bookshelf/weave.htm> * Read about other Internet strategy books on the Free Pint Bookshelf <http://www.freepint.com/bookshelf/strategy.htm> * "Weaving the Web" Details: ISBN 1587990180 published by Texere Publishing and written by Tim Berners-Lee * "How the Web was Born" Details: ISBN 0192862073 published by Oxford Paperbacks and written by James Gillies and Robert Cailliau * Search for and purchase any book from Amazon via the Bookshelf <http://www.freepint.com/bookshelf> To propose an information-related book for review, send details to <bookshelf@freepint.com>. > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = >>> IT DOESN'T HAVE TO BE LONELY DOING AN INFORMATION DEGREE <<< We know what it's like. We've done information degrees. That's why we started the Free Pint Student Bar. It's THE forum for students on information-related degrees to get help with projects, funding or placements. Spread the word, and tap in to the experience of the global Free Pint membership. <http://www.freepint.com/student/> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = FEATURE ARTICLE <http://www.freepint.com/issues/260401.htm#feature> "Searching for the ultimate Middle East business site" By Gil Feiler Burst of Growth in the Middle East ---------------------------------- The Middle East should be one of the new millennium's most exciting business environments. This resource-rich region, which for many years has seen business conducted as usual (i.e. at a slow and bureaucratic pace), is now witnessing new business possibilities as governments strive to reduce bureaucracy, increase privatization in many key sectors and show more openness to foreign investors. Leading the field have been the Information Technology and the Telecommunications sectors. The challenges posed by the need to bring computers, Internet, and wireless communications into wide scale use has helped drive many governments to steps that were unthinkable a mere decade ago. This has resulted in an abundance of private and government sponsored new business initiatives throughout the region, and widespread entry of new players into the region. Need for Information -------------------- In order to contemplate a business venture in the Middle East, as in any other region, companies must be able to assess the revenue potential and the costs involved, weigh up the competitors already active in the field, and seek out and evaluate potential partners and affiliates. Companies wishing to perform such an analysis of Middle Eastern markets are faced with an acute shortage of vitally needed information. The shortage of Middle East business information is to a very large extent a legacy of the past. It is one thing for governments to change their policies, but to get an entire business community to change its practices is a much greater challenge, and will take time. The vast majority of the region's companies are still not publicly owned, and the Western business standards of transparency and financial reporting are not widespread in the Middle East. Rise of the Business Websites ----------------------------- The rise of the Internet in recent years has generated tremendous interest (and not a few fortunes). However, when one looks beyond the hype, one sees that the Internet is still at root what it has always been - an information system. As such, the Internet can be an invaluable tool for the executive, providing the unique ability to access a myriad of databases and information sources in real time. Such information is the basis for good decision-making, and it is the ability of the Internet to deliver both running coverage and in-depth data on specific industries that is its most useful business feature. Throughout the world, a range of business, economic and financial sites provide their users with essential information and tools. Business researchers and executives have come to rely on the Internet for their information needs, and the business websites have become their solutions for commerce enabling, investment advice, market research, etc. Limitations of Business Websites in the Middle East --------------------------------------------------- Several ventures set out over the past two years to produce the ultimate Middle East business website. With the need for business information so apparent in the Middle East, the initiation of websites devoted to covering the region was a welcome development. However, most of the business websites in operation today fall short of their promise, and still have a long way to go before they provide the type of service that the business audience demands. Only a bare few of these sites provide the quality or extent of business information and services that will make them a useful addition to the decision maker's arsenal. The basic reason for the shortcomings of most Middle East business websites rests with the flawed business practices that were a common result of the Internet bull market. Fuelled by "NASDAQ fever" investment philosophies, companies sprang up to provide services without having the necessary knowledge and experience of their newly entered field. Even worse, the feverish pace of Internet development meant that companies were under constant pressure to introduce their offerings to the market immediately, without going through the old- world development process that ensures a high quality and unique product. The result of this process in the Middle East, as elsewhere, has been a plethora of similar looking websites that offer under- developed services and lack depth. Lack of Business Content ------------------------ Looking at most of the business websites covering the Middle East today, one is struck by the near-complete similarity of their contents. This is due to the fact that most of the business websites rely on the same content suppliers for "off the shelf" news and information. The influx of new companies purporting to cover business and economy in the region has not yielded significant developments in the field of content generation, as these newcomers depend almost entirely on content that is produced by large multinational news groups from outside the region such as Reuters <http://www.reuters.com>. As a rule, these multinational content producers are not based in the Middle East, and their focus lies elsewhere. The result, as far as the Middle East business websites are concerned, is that their coverage of Middle East business developments is scant, irregular, and lacks depth. An additional aspect of this information shortage is an over-reliance upon companies' press releases - many websites simply quote these outright as news, resulting in unbalanced coverage. In this state of events, in-depth analysis of economic trends and events, a routine matter for international business websites, is unheard of in the Middle East, as are well-rounded databases. The local business websites have gone so far as to produce their sites without any Arabic contents, ignoring the language of the region's 300 million indigenous inhabitants. Because all of their content is readily available at the source - western websites and news agencies - I will not go into a more detailed examination of these websites. Promise Comes from a Different Direction ---------------------------------------- As the lack of quality business content becomes more and more apparent, a few Middle East websites have stood out. Surprisingly, these are not websites that have set out intentionally to fulfil the business niche, but rather content producers and offline publishers. Overall, the existing range of Middle East oriented economic and business magazines have shied away from the Internet. Readers of such stalwarts as the Middle East Economic Digest, for example, will have to buy a printed copy in order to get its contents, and these are, as all print magazine contents, quickly outdated. However, several of the magazines devoted to technology have led the way for more extensive online business content. ITP, a technology publisher, has several publications devoted to IT business, and has made it a consistent policy to provide much of their content online. This is reminiscent of the way in which the technology industry led the changes in the local business environment. For up to date features on technology business in the Middle East, turn to www.itp.net <http://www.itp.net> and select Arabian Business.Com (or any of the other industry-specific offerings on site). ITP, as a traditional publisher, finance their operations by selling magazine advertisements. An even more extensive range of coverage can be found at the business section of Al-Bawaba <http://www.albawaba.com/business>. While the site as a whole is devoted to covering a wide range of topics and to providing full portal services to their audience, their business section provides the best comprehensive and qualitative business coverage of the Middle East yet seen online. The section combines running news coverage of several Middle East industries with substantial archives and databases. Features include IT industry coverage, a plethora of analysis, and multiple languages (English, Arabic and French). If anything, the chief drawback to the Al-Bawaba business section is that it is buried under the many layers of a large regional portal. Al-Bawaba has a unique advantage in producing their own proprietary content, and as such their material is more extensive, up to date, and unique. Because companies like Al-Bawaba see their core function in the provision and sale of quality content, they are more committed to providing solid information. It is to be expected that Al-Bawaba content, for example, will remain of high calibre in the months to come, and the company's business section is more likely to survive the current Internet industry slump than the many sites that feature "business models" instead of revenues (Al-Bawaba sell their original content to several offline publishers, news organizations and websites). Another indicator of good things to come is the rapid introduction of mobile Internet services to the Middle East region. Nearly all of the cellular telephone companies in the region have either introduced Internet-capable cell phones or are working to do so. This increases the local user base and consequently the demand for mobile data services, including business information and services. Several content aggregators are already offering mobile WAP (Wireless Application Protocol) material to local subscribers, and the range of services on offer is set to grow rapidly. What the future holds --------------------- As far as business websites are concerned, the future promises good prospects. The region's Internet user base is doubling every year. The Middle East's vast size, immense population, yet cultural homogeneity all encourage a regional (as opposed to national) approach to business that ties in perfectly with the Internet's cross-border nature. With the recent change that the region is undergoing, business opportunities abound, and as such will foster the growth of increasingly more extensive and more reliable sources of business information, the first blooms of which have been surveyed above. Within a few short years, lack of business information in the Middle East will be as much a tale of the past as the Arabian Nights <http://www.library.cornell.edu/colldev/mideast/arabnit.htm>. > - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dr. Gil Feiler is the executive director of Info-Prod Research - Middle East <http://www.infoprod.co.il>. Having studied in Israel, Egypt and Germany, he wrote his doctoral thesis on economic relations in the Middle East. His most recent publications include: Rethinking Business Strategy in the Middle East and North Africa for the Economist, and The Middle East in the New Millennium: Economic Development and Business Law for Kluwer International Law. Info-Prod Research is a consultancy specializing in research and economic analysis at the country, sector and product levels in the Middle East and North Africa. Dr. Feiler can be contacted at IPR, 3A Jabotinsky Street, Ramat-Gan 52520, Israel, Tel: 972-3-7512780, Fax: 972-3-7512781, E-mail: <ipr@netvision.net.il>. > - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Related Free Pint links: * Feature article in Free Pint No.59 by Gil Feiler entitled "Internet Development in the Middle East" <http://www.freepint.co.uk/issues/300300.htm> * Respond to this article and chat to the author now at the Bar <http://www.freepint.com/bar> * Read this article online, with activated hyperlinks <http://www.freepint.com/issues/260401.htm#feature> * Access the entire archive of Free Pint content <http://www.freepint.com/portal/content/> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = >>> WANT A WEEKLY POINTER TO INTERESTING ARTICLES? <<< Our weekly "Pub Crawl" is posted at the Free Pint Bar and highlights interesting free full-text information-related articles across a wide-range of publications. Simply click on "Weekly: Pub Crawl" in the Bar section of the Free Pint homepage at <http://www.freepint.com/> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = FORTHCOMING EVENTS <http://www.freepint.com/events> There's no shortage of things happening in May. Around the UK we have Redman's 3G Expo 2001 in London, the Aslib Electronics Group Annual Conference in Essex, and Electronic Public Information 2001 from the Society of Public Information Networks in the West Midlands. Over in the US, Online Inc present their Web Search University in Chicago which will enjoy keynotes from Web search gurus Chris Sherman and Gary Price, with Greg Notess heading up the September event. The umbrella event InfoToday (featuring National Online, Knowledge Nets and E-Libraries) takes place in New York and also boasts some heavy-weight keynote speakers. Over in the Netherlands you'll find the 9th International World Wide Web Conference. There is also C-Commerce from Gartner (whatever c-commerce is - I've heard of e-commerce and m-commerce, but c-commerce?). And that's only the first half of the month ... Details of these and many other forthcoming conferences and exhibitions in the online-information and Internet industries can be found on the Free Pint Events page <http://www.freepint.com/events>. Also, submit details of your event via this page. William Hann, Managing Editor <william@freepint.com> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = FREE PINT GOLD This time last year we had an article on air transport and took a look at how the Internet can be used to teach English. There was also a review of a good book for subject searching on the Web. * Free Pint No.61, 27th April 2000 "Top sites on the Web for Air Transport" and "The Internet as a tool for teaching English as a Foreign Language". <http://www.freepint.com/issues/270400.htm> Two years ago we looked at sites containing information on a wide range of outdoor pursuits. A tour of engineering e-journals was given by this year's Information Professional of the Year, Roddy MacLeod. * Free Pint No.37, 29th April 1999. "Finding Outdoor Information on the Web" and "Something for nothing? Engineering e-journals". <http://www.freepint.com/issues/290499.htm> Three years ago, we had a site run-down from Intranet-expert Martin White, whilst I reviewed InSite Pro. By coincidence, the feedback in that issue was about a talk by Tim Berners-Lee, whose book we review today, some 73 issues later. Also, in those days we ran anagrams and worked out that "Willco Free Pint" ("Willco" being my previous company) translates into "Well Proficient"! * Free Pint No.13, 30th April 1998 "Intranet Resources on the Web" and "Access IAC Direct Through InSite Pro". <http://www.freepint.com/issues/300498.htm> William Hann, Managing Editor <william@freepint.com> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = FREE PINT FORTHCOMING ARTICLES [Provisional] * Technology Transfer * Information Provision * * Plastics and Rubber * Effective Problem Solving * B2B * * Privacy in Medicine * Photo Sources * Political Websites * * Legal Sources * Problem Solving * Tracing Missing Persons * * Dyslexia * Useful Waste Sites * Obtaining Government Grants * * Women in Business * Further Voluntary Sector Resources * Google * If you have a suggestion for an article topic or would like to write for Free Pint then please contact me or sign up for the monthly Author Update on the Web site at <http://www.freepint.com/author.htm>. Rex Cooke, Editor <rex@freepint.com> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = GOODBYE Could you help us promote Free Pint within your company, organisation or university? We have some small handbills (single-sided, 6x8 inches) which it would be great if you could pass around or make available in communal areas. If you'd like some then email me and let me know your postal address and how many handbills to include and I'll send them over. Thank you very much in advance for helping us like this. See you in two weeks! William Hann, Founder and Managing Editor <william@freepint.com> (c) Free Pint Limited 1997-2001 <http://www.freepint.com/> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = CONTACT INFORMATION William Hann BSc MIInfSc, Founder and Managing Editor Email: <william@freepint.com> Tel: +44 (0)1784 455435 Rex Cooke FIInfSc FRSA, Editor Email: <rex@freepint.com> Tel: +44 (0)1342 316027 Simon Collery BA, Content Developer Email: <simon@freepint.com> Tel: +44 (0)1865 434143 Address: Free Pint Limited, FREEPOST (SEA3901), Staines Middlesex, TW18 3BR, United Kingdom (Please add a stamp if you would like to pay for postage) Tel: +44 (0)1784 455466 Fax: +44 (0)1784 455436 Web <http://www.freepint.com> Subscriptions <subs@freepint.com> Letters & Comments <feedback@freepint.com> Authors <http://www.freepint.com/author.htm> Latest Issue Autoresponder <auto@freepint.com> Advertising <http://www.freepint.com/advert.htm> > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = Free Pint (ISSN 1460-7239) is a free newsletter written by information professionals who share how they find quality and reliable information on the Internet. Useful to anyone who uses the Web for their work, it is published every two weeks by email. To subscribe, unsubscribe, find details about contributing, advertising or to see past issues, please visit the Web site at <http://www.freepint.com/> or email <admin@freepint.com>. Your registered email address is listed at the bottom of this message. Please note: Free Pint is a trademark of, and published by, Free Pint Limited <http://www.freepint.com/>. The publishers will NEVER make the subscriber list available to any other company or organisation. The opinions, advice, products and services offered herein are the sole responsibility of the contributors. Whilst all reasonable care has been taken to ensure the accuracy of the publication, the publishers cannot accept responsibility for any errors or omissions. This publication may be freely copied and/or distributed in its entirety. However, individual sections MAY NOT be copied and/or distributed without the prior written agreement of the publishers. Write to Rex Cooke, Editor <rex@freepint.com> for more details. Product names used in Free Pint are for identification purposes only, and may be trademarks of their respective owners. Free Pint disclaims any and all rights in those marks. All rights reserved. > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
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- Publication Date: 25th April 2001
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