It is an antitrust settlement made public recently.

Reeling from a calamitous drop in advertisement revenues and public trust, news media organizations are reworking strategies to create "niche" content.

Reeling from a calamitous drop in advertisement revenues and public trust, news media organizations are reworking strategies to create "niche" content.

Riyadh, Saudi Arabia -- Saudi Arabian consumers are navigating the market with heightened awareness, becoming better-informed buyers, according to the PwC's latest Middle East Pulse report, a segment of its comprehensive Global Consumer Insights Survey.Emergence of Informed BuyersThe survey underscores a notable shift in consumer behavior as Saudi shoppers explore...

Retail sales in the United States returned to growth in April fueled by a rebound in motor vehicle sales, data released showed, but not by as much as many expected. The US Federal Reserve has hiked interest rates 10 times in a row since last year in a bid to...

The artificial intelligence is expected to play a significant role in shaping the future of region's financial services, Tarabut Gateway CCO Adnan Erriade tells TRENDS.

There’s a critical mass of shoppers who talk of making a difference with their purchases. Consumers are willing to pay more for products with a positive environmental impact or health benefits. For younger people millennials in particular, sustainable shopping is a mainstream preoccupation, they add.

Agile brands, especially luxury ones with sizeable marketing budgets, have readily tapped into the metaverse, creating exclusive NFTs and new revenue streams, says an expert.

Organizations that decide not to or are unable to act will continue to find themselves patching together reactive solutions to problems. If 2023 is a year of slowdown, instead of battening down the hatches, firms should use the opportunity to move toward smarter manufacturing, he adds.

Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while only 50% trust retailers in the region.

People share ideas or content or experiences that reinforce their values or their sense of identity, which is good for their “personal brand”. There’s no better marketing than friends and family recommending products to their peers. Eventually, customers will become custodians of brands, he adds.

Profit was due to high demand for pricier luxury models.

Consumers in the Gulf country plan to adjust their lifestyle by reducing their household and miscellaneous expenses over the next three months, a latest survey points out.

With an estimated 209 million people making purchases online at the height of the pandemic, e-commerce in the MENA area has grown faster than anywhere else.

Consumers in the UAE, Saudi Arabia and Egypt are among the most excited to search for Black Friday compared to Brazil, UK, and US, Google’s internal data suggest.

Winning firm can still seize the current moment with bold, decisive actions to address the near term, while building strategies for the medium and long term. Supply chain resilience, operational productivity, design-to-value programs, and revenue growth management (RGM) shouldbe the key focus area, they add.

Conversational AI contact center deployment saves agents US$80bn in labor expenses by 2026, while global spending on it is expected to hit US$1.99bn by 2022, says a report.

The Central Bank of the UAE (CBUAE) has announced the launch of a new corporate website with various interactive digital services in promoting financial stability and meeting the aspirations of the consumers.

German ministers vowed to reexamine a planned gas surcharge imposed on consumers after it emerged that some energy companies seeking a share of the levy were in fact posting billion-euro earnings.

Post pandemic, the logistics sector is best placed to support e-commerce businesses in tapping the unlocked potential of the large and still untapped market. The Middle East, which is continuing to experience rapid growth in e-commerce, may get an additional push from the logistics sector, she adds.

In a positive development, the cosmetic industry at large is becoming greener. Approaches, however, are not always uniform or holistic across the board, say experts.

Net sentiment for traditional banks is higher than those for challenger banks as the former have a long history in the market and have proved to be trustworthy and reliable.

From optimizing the purchasing ecosystem to driving personalization and developing schemes that help consumers with finance management, retailers must work harder.

Banks in the Gulf region were already on the path towards digitization, but the pandemic became the catalyst for accelerated change. As consumers got used to superior online shopping, health, and governmental services, they have increasingly been demanding that banks follow suit with their digital processes and offerings.

Stocks rose Monday following a rally on Wall Street in response to data indicating US consumers remained resilient to surging inflation and higher interest rates, easing concerns about a possible recession. Market analysts widely expect the central bank to announce a 75 basis-point lift.

Stocks soared Friday after retail sales data showed that US consumers continue to spend more in the latest signal of the economy's resilience despite high inflation and rising interest rates. Wall Street pushed higher on a better-than-expected 1.0 percent rise in retail sales in June.

Sharjah Economic Development Department (SEDD) said it is ready for Eid al-Adha to ensure the safety of markets through the intensified campaigns. This falls within SEDD’s concerns to protect consumers and ensure the safety of markets. SEDD explained that joint inspection campaigns are organized with Sharjah City Municipality and Sharjah...

Yiwu Market of Dubai, the first smart free zone market in the region, will open tomorrow, aiming to revolutionize the trading experience for both traders and consumers.

Petrol prices rose to record highs in Morocco on Thursday, fuelling anger among unions who demanded the government of energy tycoon Aziz Akhannouch act to protect consumers. Drivers in Morocco, which relies heavily on imported oil products whose prices have soared since Russia's invasion of Ukraine, must now pay 18...

The best brands take a cross-functional approach, embedding sustainability within divisions and business units while linking incentives to sustainability targets. These companies treat sustainability as if it were any other business process, Fabre adds.

The shopping behavior has changed a lot in the region in past two years as consumers are looking for promotions and offers especially in food, perishables, groceries and home appliances. Studies suggest that consumers are spending more on cross-border goods, particularly consumer packaged products, during Ramadan this year.

The Sharjah Electricity Water and Gas Authority (SEWA) will start to provide electricity to the Al-Arqoub area, aiming to meet the needs of consumers.

The wave of inflation continues to put pressure on consumers not just in the United States, Europe, and the Arab world, but also in the Gulf region. Economies in the Middle East are exposed to the global price fluctuations because of heavy import dependence. Localized factors like rental deflation 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.

UAE consumers show a growing interest in natural foods, backed by the understanding that natural produce is the healthier choice, a survey has said. Nearly 60 percent of the participants agreed that the naturalness of the product influences their grocery choices, the highest of all markets, according to the survey...

Lebanon telecommunications ministry's budget would be based on two figures instead of one within the framework of the new state budget, said telecoms minister Johnny Corm. Corm said the first figure took into consideration the possibility of continuing to charge consumers the same current tariff, which is based on the...

Qatar Free Zones Authority (QFZA) and Doha Venture Capital (DVC) have signed an agreement with Aspiration to expand access to sustainability services in the region.

The powerful producers led by Saudi Arabia and Russia in the so-called OPEC+ grouping are expected to re-affirm a decision in July to modestly step up production after slashing it steeply last year as the pandemic hit global markets.

Traders holding Dubai Economy's DED Trader license can digitalize their businesses by using SingleCart App and a complete line-up of the app's features to reach a larger number of consumers. Helping the traders in this is Dubai Economy's Business Registration & Licensing (BRL) sector, which has partnered with Golden Radiant...

Dubai’s consumer confidence index rose to its highest level in a decade during the third quarter of 2021, the Dubai Economy reported on Sunday. 

Increased vaccinations, protective measures, contactless in-store experience key to rebuilding UAE consumers' confidence 73% of consumers admit to have changed their shopping habits to adapt to the 'new normal' About 46 percent of UAE consumers expect the effects of the Covid-19 pandemic to last at least another year, according to...