UAE consumer spending reached USD 3.7 billion in Q3 2024, marking a 4.8% year-on-year increase. This surge was driven by robust investments in Fast-Moving Consumer Goods (FMCG) and Technology & Durables (T&D). According to the NIQ Retail Spend Barometer, FMCG sales rose 6.4% to USD 2.1 billion, while T&D registered USD 1.5 billion, growing 2.5%. […]
Taking on the theme of “The Power of Next”, the Middle East Retail Forum 2024 coalesced entrepreneurs, professionals, innovators, and thinkers to forecast the future of retail in the GCC. Dubai: The retail sector in the Gulf Cooperation Council (GCC) is on track for substantial expansion, with sales expected to surge to US$396.9 billion by […]
UAE shoppers spent USD 3.8 billion on FMCG and Tech & Durables goods in Q2 2024. Events such as the Dubai Shopping Festival, Pre-Ramadan, and Ramadan Sale impacted consumers spending. Dubai: UAE consumers demonstrated robust spending habits during the second quarter of 2024, collectively investing a substantial USD 3.8 Billion in Fast-Moving Consumer Goods (FMCG), Technology, and Durable Goods and […]
Abu Dhabi: Top hypermarket & grocery retail chain Lulu Group unveiled their most looked forward to rewarding program “Happiness” in UAE today. It was launched today to coincide with International Happiness Day. At a ceremony held at Lulu Hypermarket in Mushrif Mall, Abu Dhabi Yusuffali MA, the CMD of Lulu Group and other top officials […]
Dubai: Organised by the Dubai World Trade Centre (DWTC), Gulfood, the largest annual global food and beverage sourcing event in the world, is being held from February 20 to 24, 2023. Gulfood has become a major event in Dubai’s food scene, showcasing its culinary prowess and diverse food industry. It has cemented the city’s position […]
Dubai: Al Maya Group is all set to participate in the 2022 edition of Gulfood this year and showcase its new specialties and a variety of products in the FMCG (fast-moving consumer goods) category. Gulfood is the largest annual Food & Beverage sourcing event in the world with the participation of over 120 countries & […]
Consumers’ preferences & behaviors: Consumer preferences and buying behaviors keep evolving and the current pandemic had a big role in accelerating this change across the sector whether it is travel, non-food retail, leisure, movies & F&B, etc. All sectors have been impacted and there is no sector which is insulated from the aftermath of covid19. […]
