The ongoing fasting month brings traditional practices and modern shopping habits together, impacting market trends significantly in the Gulf region.

Dubai, UAE - The UAE's online shopping market is gearing up for unprecedented growth, with revenue projections hitting $9 billion by the end of 2024 and an impressive $17 billion forecasted for 2025. The trajectory is emblematic of the broader Middle East and North Africa (MENA) region's e-commerce landscape, poised...

"There's considerable work to be done to establish a level playing field where low-energy technologies can be freely traded. I believe the WTO will be instrumental in this arena as well," adds Tavio. underscoring that the unimpeded trade of clean technologies is essential for achieving climate goals.

Over the past decade, the UAE has become a global hub for innovation and entrepreneurship, attracting significant interest from international and female-led startups.

Following the announcement, the firm's shares rise 5% in trading.

GCC retail sector evolves dynamically, blending innovation with tradition to woo investment, says Khalifa Bin Braik of Majid Al Futtaim Asset Management.

With growing interest in eco-friendly and socially responsible products, gift businesses in the region are adapting by integrating sustainable options into their offerings.

Madinah, Saudi Arabia -- The number of existing electronic-commerce records in Madinah reached 1,834 during the 4th quarter of 2023, registering a slight increase of 2.6 percent from the 1,792 records for the third quarter, according to official figures. According to the business sector bulletin for the 4th quarter of...

The deal was originally expected to be completed by 2021.

"The digital economy represents a clear path to employment opportunities. Additionally, exploring other avenues, such as the green economy, is crucial. This sector could provide over 8 million jobs by 2030. Achieving these goals requires clear political will and coordination among stakeholders," he adds.

"The UAE launched the 'Trade Tech Initiative' in partnership with the World Economic Forum. The initiative aims to accelerate the digitization of international supply chains, enhance customs procedures, improve developing countries' access to the global trading system, and spur a new era of trade growth," he adds.

Bac Giang, Vietnam - Vi Thi Anh spent half a decade doing monotonous low-paid work in industrial hubs near Vietnam's capital Hanoi, assembling mobile phones for global electronics companies including Samsung. Then she discovered she could earn vastly more hawking food products to thousands of followers as one of the country's...

Shanghai, China - US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious AI-powered projects, analysts say. E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions, as it abandoned a plan to spin off its multi-billion-dollar...

DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering the seamless operation of e-commerce activities. It also aims at solidifying Dubai's position as a global e-commerce epicenter, aligning with the strategic objectives of the Emirate’s economic agenda. The meeting...

Jakarta, Indonesia - Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales by major tech firms it says are harming millions of small businesses. Government officials in recent weeks called for social media and...

It did not give a timetable for the move or how much it hoped to raise.

CEO Daniel Zhang was due to take charge of the firm's new cloud computing branch, now a separate entity, on Monday. But two months after announcing his appointment, Alibaba said its now ex-boss was no longer with the company. "The board of our Company expresses its deepest appreciation to Mr...

In the GCC, online market growth surpasses offline, driven significantly by Saudi Arabia, amid intense competition where local brands increasingly stand out.

In the GCC, online market growth surpasses offline, driven significantly by Saudi Arabia, amid intense competition where local brands increasingly stand out.

The Saudi commercial real estate market is set for a significant upswing in 2023, propelled by the government's vision to diversify from oil. Investments are flooding into non-oil sectors, including tourism, manufacturing, and logistics. The rise of e-commerce demands more warehouses and distribution hubs. Additionally, a growing population predicts a...

Alibaba's revenue amounted to 234.1 billion yuan ($32.5 billion).

The UAE scored 134 on the Global Digital Shopping Index, exceeding the global average of 125, as 94% of adults in the country use digital shopping features, say a survey.

Manama, Bahrain-- Looking to develop the e-commerce sector in the kingdom, Bahrain's Ministry of Industry and Commerce has published a survey to evaluate consumer satisfaction in the e-commerce sector in response to the growing volume of e-commerce transactions. These efforts come from the Information Systems Directorate and the Consumer Protection...

DUBAI, UAE - Commercial transport sector contributed AED16.1 billion ($4.38bn) to Dubai's economy in 2022, said Mattar Al Tayer, Director-General, Chairman of the Board of Executives Directors of Dubai’s Roads and Transport Authority (RTA). The sector employs around 242,000 jobs by more than 7000 companies, local media reports said. “The...

The move fits in with its plan to reorganize business operations.

From Indonesia, TikTok Shop "aggressively expanded into five additional Southeast Asian markets, many of which boasted large populations of TikTok users" and invested to improve its e-commerce capabilities, said Weihan Chen, head of insights at Momentum Works. The return of offline shopping after Covid-19 restrictions were lifted led to a...

Riyadh, Saudi Arabia – The SMEs Bank system of the National Development Fund has signed 20 agreements valued at more than SAR 1 billion ($266 million) with several financial technology entities, local and international investment funds and e-commerce platforms. These deals include 10 agreements and MoU by the SMEs Bank...

Government initiatives, such as the national e-commerce strategy and consumer protection regulations, are playing a key role in facilitating the shift in consumers' choice, says a report.

Dubai, UAE - A delegation of Palestinian business executives including 21 start-up representatives visited Dubai Chamber of Digital Economy. It is the first-ever business meeting between Dubai and Palestine, with the delegation involved in 237 meetings, one of the highest ever. Participants at the event included Hashim Shawa, Chairman of...

Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among millions of US consumers the Chinese platform is wooing with low-cost bargains and a dizzying array of products. Temu topped US app download rankings in early April, a spot it...

The UAE is likely to remain the top e-commerce market in the GCC in 2023 but Saudi represents the largest potential growth over the medium and long term.

DUBAI, UAE - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has hosted the sixth episode of a series of digital industry workshops focusing on the e-commerce market. Attended by Dubai's e-commerce industry leaders, the workshop saw discussions on topics surrounding regulations, funding, talent,...

It is Tencent's second consecutive quarterly decline in revenue.

The Dubai developer will sell its online retailer for $335.2m.

During the first half of the current year, startups in the Middle East have succeeded in raising $1.8 billion, according to a MAGNiTT report. The fintech sector remained the most capital attracting sector, raising nearly $1.7 billion and accounting for 34 percent of the total funding secured across all markets....

The Free Zone announces this at Seamless Middle East 2022.

Firms must have a specific and clear target list. What applies to real estate won't necessarily succeed in the automotive sector, 199X MD Khaled El Masry tells TRENDS.

A rising number of tech-savvy millennials, 60 percent of whom shop online, is one of the most important factors responsible for the rising ecommerce sales.

The spending through the month of April has been widespread, including a broader increase in sales volume and a diversification of family-oriented retail options that enhance the prosperity of the local market.

Chanel stores in the UAE reportedly refused to sell products to Russian customers unless they signed a document committing not to use the products in Russia.

Dubai has allotted some 18,013 e-trader licenses during the last five years, according to a government report.

Pablo Martinez, Managing Director and Senior Partner at the Boston Consulting Group, sheds light on what lies ahead for the sector in the kingdom.

E-commerce in the UAE surged to over $5 billion in 2021 and is projected to surpass $8 billion by 2025, according to a data released by EZDubai, a dedicated e-commerce zone in Dubai South, in partnership with Euromonitor International, a global business intelligence, market analysis and consumer insights provider. More...

E-commerce titan Amazon on Wednesday confirmed plans to close its bricks-and-mortar bookstores and pop-up shops in order to focus on the Whole Foods grocery chain and retail outlets featuring its latest auto-checkout technology. According to a spokesperson, the company will shutter its Amazon 4-star, Books, and Pop Up stores. Amazon...

The investment spans several sectors including e-commerce, financial technology, education and transportation

E-commerce in the F&B industry is booming with recent research forecasting it to reach USD71.62 billion by 2028, registering a compound annual growth rate of 17.8 percent. The steep upward trajectory is driven by several key factors, including sweeping consumer shifts towards online shopping for groceries, ready-to-eat food deliveries and...

Commercial Bank of Dubai (CBD) has approved a debt financing deal with Postpay, a leading omni-channel Buy Now, Pay Later (BPNL) provider in the Middle East.

The Khalifa Fund for Enterprise Development has teamed up with eBay as the latest partner of the e-Empower initiative, under the Abu Dhabi Inspires program.

The President of the Saudi Post Corporation "Sabil" Anf bin Ahmed Abanmi, inaugurated on Monday the Saudi International Exhibition for Electronic Marketing and E-Commerce SIDMC 2022. The exhibition is held at the Riyadh International Convention and Exhibition Center, under the slogan "The Future of Trade Meeting”. A number of officials...

Mumzworld has over 350 staff, with over 6,000 brands and more than 300,000 products for sale on the website, and a business that has created momentum for other women to succeed and create more jobs in the region