• December 24, 2020

    Islamic Retail Asset Management

    This article was first published in Islamic Finance News dated the 22nd December 2020 We live in times where consumers are increasingly aware of their choices and demand that values and purpose are embedded into products that they consume. In financial context, today’s generation seem less driven by the narrow definition of investing to generate returns and consider social and environmental impact of the companies they invest in to be an important part of investment decision-making. Millennials view their investments...

  • October 14, 2020

    COVID-19 derails traditional Kuwait retailers

    Kuwait’s retail sector is small in absolute terms when compared to regional peers like the UAE or Saudi Arabia. However, Kuwait has one of the highest concentrations of international retailers in the GCC, with luxury segment proving to be a major draw. The value of Kuwait’s retail market was KD 3.5bn or 9.1% of non-oil GDP, as of February 2018 (Oxford Business Group). Consumer preference towards international brands and better retail shopping experiences were exhibiting an upward trend until COVID-19...

  • August 13, 2019

    Kuwait Retail Sector Positioned for Significant Growth

    Kuwait’s retail sector is small in absolute terms when compared to regional peers like the UAE or Saudi Arabia. However, Kuwait has one of the highest concentrations of international retailers in the GCC, with luxury segment proving to be a major draw. The value of Kuwait’s retail market was KD 3.5bn or 9.1% of non-oil GDP, as of February 2018 (Oxford Business Group). These figures are expected to grow even further as consumers have shown an increased preference for international...

  • May 28, 2019

    Automation in SMEs

    Rise in automation is changing the ways of doing business. Similar to the digital and technological revolution, big business houses have been the first to adopt automation across their activities in the form of driverless cars, robot assistants, and delivery drones etc. For example, the Dubai Metro is already driverless, and the UAE is pioneering the Dubai Autonomous Transportation Strategy aiming to make 25 per cent of all trips autonomous by 2030. With progress in automation, the costs of sensors...

  • May 20, 2019

    Combining technology with Brick and Mortar stores in the GCC: 6 ideas

    Euromonitor International projects that the retail sales across Kuwait, Oman, Saudi Arabia and UAE will increase by more than USD 24 billion over the next five years. The UAE retail industry currently (worth USD 55 billion) will lead the trend reaching to USD 63.8 billion by 2023, at an estimated growth rate of 16%. Non-store modes of retailing such as online shopping, direct selling, social media and home shopping is estimated to grow by 78 percent from 2018 to 2023....

  • September 13, 2017

    UAE F&B Sector – What are the pain points?

    The total outlets in UAE for food services were 16,000+ in 2015 which is expect to expand by 17.4% annually to reach 19,000+ by 2020 (KPMG report). The market size for food and beverage (F&B) in UAE was measured at USD 14.27Bn and is expected to grow at a CAGR of more than 9% to reach USD 22.32Bn by 2020. While an affluent population with more mouths to feed is a positive indicator for the economy and for the F&B...

  • July 15, 2015

    Sectors with high E-commerce potential

    Sectors with high E-commerce potential People in Dubai and Saudi Arabia love to shop in malls. Dubai has two shopping festivals in a year and the number of malls in GCC is growing, as more companies prefer brick and mortar stores. In the GCC, e-commerce is still at its nascent stage. According to BQ Doha, while 90% of global e-commerce sales come from Asia-Pacific, North America and Western Europe; while GCC accounts for a mere 2% of total retail sales....