A gradually improving economic climate is expected to support continued retail growth in Malaysia in 2013. However, downside risks from the international environment and political uncertainty may affect economic expansion before the year is through.
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Articles & Analysis | The traditional marketplace: Meeting niche demand, souks remain very popular from The Report: Dubai 2013
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...
Articles & Analysis | Shopping spree: A major economic contributor continues to benefit from rising local incomes and the growth in tourism from The Report: Dubai 2013
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...
Articles & Analysis | Net spending: The emirate is emerging as a regional leader in e-commerce from The Report: Dubai 2013
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.
Interviews & Viewpoints | OBG talks to Iyad Malas, CEO, Majid Al Futtaim Holding from The Report: Dubai 2013
Why has the sector been able to perform so well during a period of fiscal and political turmoil?
Articles & Analysis | Market reorientation: An expanding role for Chinese products and Chinese shoppers from The Report: Dubai 2013
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...