ME Retail News

ME Retail News is your go-to source for news stories, interviews,
comment and analysis relating to the Middle East’s booming retail sector

[ME Retail News @MERetailNews]

Demand for the #Egypt's retail sector is rising despite challenges,@Savills reports

Egypt reports Head of operations said: “Egypt still has significant potential for growth and development."

Find out more below:

https://t.co/JSCa49MdB0

[ME Retail News @MERetailNews]

@Euromonitor International: India, China and the UK to lead UAE Duty Free sales

“With several sporting events expected to be hosted in the country, Dubai Duty Free is set to benefit further from the associated influx of passengers.”

https://t.co/QqG4AD6w70

[ME Retail News @MERetailNews]

E-payments in #SaudiArabia's retail sector reached the 60 per cent target, Saudi Central Bank says

Saudi's economy is going #cashless to fulfill @Vision2030Saudi

Find out more below:

https://t.co/QoWXL41yHE

[ME Retail News @MERetailNews]

Spending on AL in the Mena retail sector to soar, @IDC reveals

Global #artificalintelligence market is projected to surpass $1.7 trillion in 2030, according to @GrandViewResearch

Read the full story here:

https://t.co/3MQFLVNja2

[ME Retail News @MERetailNews]

UAE gold prices have jumped to the highest level since March last year, as demand for gold is surging worldwide

https://t.co/BF6EtbvgIs

@FitchSolutions

[ME Retail News @MERetailNews]

Fashion e-commerce sales in #Mena jumped by 19 per cent in Q1 2023, according to @admitadUSA

The segment will grow at a rate of around three times faster than regular sales

Find out more below:
https://t.co/90jtvgaeFE

[ME Retail News @MERetailNews]

#5G expansion in Mena to enhance retail e-commerce, says @Euromonitor

Along with the #metaverse, the industry is expected to generate $56.6 billion in the next three years

Find out more below:

https://t.co/kRHs4nTM4i

[ME Retail News @MERetailNews]

80% of Mena consumers want to shop using immersive technology, says @Snap

#Retailers will be able to embed augmented reality into their apps and websites with Snap's AR Enterprise Services

Find out more below:

https://t.co/EnK0UuE4xu

@JillPopelka

[ME Retail News @MERetailNews]

How can Middle East businesses protect shoppers against online #Ramadan scams?

Only 65% of retailers have implemented strict privacy policies, says cybersecurity company @Proofpoint

Find out more below:

https://t.co/DGC6pEoCPh

@emileabousaleh

[ME Retail News @MERetailNews]

'Phygital' concepts will be the new normal for Saudi Arabia’s malls, says @Harrods managing director Micheal Ward

Integration of digital experiences with physical stores in Saudi malls was the main topic at the @RetailLeaders_ in Riyadh

Find out more:

https://t.co/NwxEGMJxc1

[ME Retail News @MERetailNews]

@WhatsApp should be a priority for retailers this Ramadan, says @Kantar

66% of people in the #UAE use the app to message businesses

Find out more below:

https://t.co/lZImJKbm9t

[ME Retail News @MERetailNews]

This Ramadan, shoppers are looking for immersive experiences, says @SamsungGulf head of consumer business Shafi Alam

Gift spending to rise by 44%

Find out more below:

https://t.co/wurVkIAtTh

@kearney @googleanalytics

[ME Retail News @MERetailNews]

@ChalhoubGroup hotsteps it into the metaverse with footwear brand

87% of shoppers want luxury labels to be present in the virtual world

Find out more below:

https://t.co/grux7IDmWm

@mikechalhoub @NickVinckier

[ME Retail News @MERetailNews]

Mobile wallet usage in Mena to grow by 147% in the next two years

More than half of Gen Z shoppers said they use cards for transactions, says @amzpymntservs

Find out more below:

https://t.co/1GGZHvXtZ9

@MajidAlFuttaim @BusinessWire
@Savola_Group

[ME Retail News @MERetailNews]

The children’s retail sector in Saudi Arabia is set to grow by 8.6% within the next three years, says @TechSciResearch

Population growth and increase in disposable income are contributing factors

Find out more below:

https://t.co/E5uarvVFEc

@BabyshopArabia @RubanS

[ME Retail News @MERetailNews]

The Middle East's smartphone market will grow by 6% this year, says research company @Canalys

Rising oil prices are boosting retail sales

Find out more below:

https://t.co/qStQ0soNPu

@ChaurasiaSanyam

[ME Retail News @MERetailNews]

@siellabeauty @LihtSocial @MissPalettable @fcbeautyme

[ME Retail News @MERetailNews]

Social commerce is the future for the UAE's online beauty retailers

The sector generated $200 million in revenues last year, says @RedseerME

Find out more below:

https://t.co/XCN8jYfIiS

[ME Retail News @MERetailNews]

Saudi Arabia’s e-commerce industry will reach a CAGR of 21% within the next four years, says @RenubResearch

#Fashion retail is expected to drive online sales

Find out more below:

https://t.co/PwiU1Jizkn

[ME Retail News @MERetailNews]

85% of UAE consumers use apps to shop for items, says @GfK head of retail partnerships Hakim Amar

Loyalty schemes and favourable payment options can help drive online sales

Find out more below:

https://t.co/1dSKEOia0o