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Digital surge: UAE’s e-commerce eyes $17bn milestone
Widespread internet and smartphone use is the key driver of online shopping growth, with nearly two-thirds of the UAE's population expected to engage in online shopping by 2024.
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Saudi Arabia’s consumer spending up 8% to reach $30bn in Aug
Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia grew 8 percent to SAR 115.4 billion ($30.76 billion) in August 2023, from nearly SAR 107.1 billion during the same month last year, Argaam reported. Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions and e-commerce sales through "Mada". POS transactions rose 10... -
A ‘VUCA’ world demands digital resilience
As organizations prepare for the next wave of disruption, including responding to cyber-attacks, keeping the enterprise environment secure, and accommodating remote workers, digital resilience will be the watchword. -
External players give tough race to UAE’s e-commerce
The external e-commerce players, projected to grow by 19.2 percent from 2022 to 2026, are expected to capture a share of 34 percent of the total online shopping in the UAE. -
GCC leads from the front as MENA’s digital economy moves toward $500bn mark on the back of ecommerce
Non-Gulf countries' contributions to the digital economy in the region will increase to more than 35 percent during this time, says a latest report. -
UAE set to lead GCC’s e-commerce markets next year
“E-commerce sales via marketplaces will continue to grow in double-digit percentages in 2023, driven by a higher proportion of cross-border shopping, and ongoing increase in the adoption of credit cards, and logistics services such as Aramex’s Shop & Ship, MyUS and DHL’s Easy Shop,” he adds. -
Wio Bank, Stripe sign partnership
Will enable SMEs to access e-commerce faster. -
Khalifa Fund to launch e-commerce program for entrepreneurs
Abu Dhabi, UAE-- Khalifa Fund for Enterprise Development has officially announced the launch of the E-Commerce Acceleration Programme, a training programme that focuses on helping entrepreneurs with their e-commerce capabilities and capacity. The programme aims to help deliver results that impact the entrepreneur's bottom line, generate profit, expand their brand's... -
What’s next for e-commerce in post-pandemic world?
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. -
Amazon reports rare quarterly loss
The company warns of continuing challenges in the months ahead. -
Ramadan brings $6bn windfall for MENA
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. -
BNPL gains currency in the UAE
It also seems to be extremely helpful for customers who want to pay for a purchase in installments or make payments later, but do not qualify for credit cards. However, they have to be able to qualify for the BNPL schemes being offered, with criteria including a good credit score. -
GCC luxury market grows despite supply chain woes
The GCC personal luxury market will continue to be on a ‘strong growth trajectory,’ Chalhoub Group Chief Strategy Officer (CSO) Jasmina Banda tells TRENDS. -
Grocery apps reap Ramadan benefits
Grocery apps are witnessing a busy period during the Holy Month as scorching summer persuades customers to remain indoors while ordering their basic daily necessities with few taps on the smartphones. -
Amazon fined $98k/day in France
France says Amazon’s seller contracts have ‘unbalanced’ clauses. -
Amazon tactics under US scanner
Amazon is accused of using merchant info for its own products. -
Saudi Central Bank licenses new payment fintech company
Named Moyasar Financial Company, the new entity is expected to provide ecommerce payment services. -
Ecommerce prospers in GCC amidst Covid-19 woes
An improved regulatory support, government promotional initiatives, and heightened interest from business leaders in the private sector benefits the sector in the region. -
Gulf watch: Sectors that will grow most in 2022
The business environment in the region will experience a transformation that will have a far-reaching impact on economic trends and social dynamics. -
Ecommerce changes GCC buyers, sellers forever
As ecommerce expands, companies are becoming more aware of the region's shifting consumer behavior and needs, say experts. -
Ecommerce is fastest-growing channel in ME
In the Middle East, Saudi Arabia, Egypt, and the UAE account for nearly 80 percent of the overall ecommerce market. -
FedEx turnover rises to $23.5 bn
E-commerce growth has benefited the company. -
Saudi Arabia to dominate regional ecommerce
Factors ranging from internet penetration to smartphone ownership to bank-account holdings, and more are coming together to make Saudi Arabia an ecommerce powerhouse. -
Saudi Arabia, UAE fashion industry set for boom
The UAE and Saudi Arabia seem poised to see their respective fashion sectors double their revenues in the near future. -
UAE discusses trade partnership with South Korea
The UAE and South Korea have discussed the prospect of pursuing a Comprehensive Economic Partnership Agreement to strengthen economic ties, enhance investment opportunities, and firm up bilateral cooperation between the two countries. -
EZDubai starts four projects
It already has 1.3 million sq ft developed and handed over. -
What are the top ecommerce platforms in the GCC?
Ecommerce in the world in general and the GCC region in particular has proliferated despite the Covid-19 pandemic, or probably because of it. -
L’Oréal ME sales up 750% since 2018
The growth was driven by a partnership with CNNB Solutions. -
HUAWEI Ads, ArabyAds partner to rejig on-device mobile advertising
The new collaboration allows ArabyAds to lead on advertising sales and optimisation of the inventory options available on Huawei Mobile Services (HMS) across the MENA region The year-long joint partnership will see ArabyAds utilise Huawei Ads platform to achieve its marketing goals ArabyAds, a leading ecommerce marketing platform, has... -
UAE retail e-commerce market grew 53% to hit record $3.9 billion in 2020
This was a 53% year-over-year increase, driven by the digital shift accelerated by the Covid-19 pandemic E-commerce accounted for 8% of the country’s entire retail market during the same year The Dubai Chamber of Commerce and Industry was quoted by local reports as saying that the UAE’s retail e-commerce market... -
Fashion e-commerce grows in UAE, Saudi
The growth in the sector is mainly attributed to the ongoing Covid-19 pandemic Ounass, a luxury online store, launched in 2016 by Al Tayer Group from the UAE has only added to the growth of the luxury market Hadeel Karnib Web-based shopping is enabling further growth of luxury fashion retail... -
Opontia raises $20m to acquire, grow MENA e-commerce brands
Opontia said it will use the funds to acquire exceptional e-commerce brands and to invest in a team of experienced e-commerce experts who will be responsible for managing and growing brands after acquisition -
Revonic launches deep analytics tool REXA in Qatar
eCommerce Experience Assessment (REXA) will help businesses to plot digital courses with confidence and achieve measurable results