INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Grocery apps reap Ramadan benefits

  • More than two years of the Covid-19 pandemic have led to a rise in the adoption of personal electronic devices
  • This itself has led to a change in people’s behavior, especially when it comes to entertainment and ecommerce

The holy month of Ramadan is one of celebration all around.

However, this time, one sector has an extra reason to celebrate.

It seems grocery apps in the Middle East are witnessing a great degree of growth during Ramadan this year.

That may not, however, be all that surprising.

More than two years of the Covid-19 pandemic have led to a rise in the adoption of personal electronic devices like smartphones, tablets, and laptops.

This itself has led to a change in people’s behavior, especially when it comes to entertainment and ecommerce.

For example, subscriptions to OTT services have proliferated, and streaming content has gained more popularity.

The ecommerce sector has also expanded, as more and more people have taken to web portals to order the things they need and want.

Here’s a look at the grocery section of that sector, which seems to be doing well during Ramadan: