Perhaps the biggest lesson for the potential of online retail shopping has come from the country with the biggest population. November 11 has been traditionally celebrated by male bachelors in China by having a drink to help fight the blues caused by their unmarried status. Five years ago the country’s largest online shopping company embarked on...
Even the well-documented acquisition, by the Dubai police force, of a series of high-powered sports cars in 2013 was topped for exclusivity by an announcement that the emirate was to be the manufacturing base of another of the world’s fastest automobiles. In November, Ralph R Debbas, the CEO and managing director of W Motors, said he planned to...
While for many, Dubai might be synonymous with shopping malls, the traditional retail format – the souk – is holding up surprisingly well, although the winds of change mean that it has had to adapt to one of the most dynamic retail scenes in the world. Traditionally, the souk, meaning “market” in Arabic, consists of shops arranged along...
Over the past decade Dubai has become the Middle East’s chief retail centre. The emirate is home to one of the largest malls in the world, has a massive domestic consumption of retail goods and boasts a reputation as a prime shopping destination among well-heeled tourists. While many other sectors have continued to see declining activity in the wake...
As traditional “bricks and mortar” shopping outlets recover from the drop in spending following the global financial crisis, Dubai’s online retail sector is flourishing as consumers increasingly look to the internet to find deals and save money. Indeed, the emirate is emerging as a regional leader in e-commerce.
As Dubai’s retail segment continues to grow, the emirate’s connection with its East Asian trade partners is becoming increasingly important. Between 2005 and 2011, the value of direct imports from East and Southeast Asia doubled from Dh58.5bn to Dh116.2bn ($15.9bn to $31.6bn), representing about 26.3% of total direct imports, according to data from...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×