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FINANCIAL NEWS
Saudi, UAE customers spend USD 6.85bn on beauty products
20 Jan 2016
(MENAFN) UAE and Saudi consumers spent USD 6.85bn on beauty and personal care products last year, with spending in the two Gulf nations ready to grow 8 percent in 2016 to reach USD 7.4bn.
Accordingly, the trade value of the beauty and personal care market in KSA was USD 5.21bn last year, whereas in the UAE, shoppers spent USD 1.64bn.
Moreover, in KSA, the lion’s share of sales in 2015 reached USD 1.7bn, trailed by hair care (USD 697mn), skin care (USD 635mn) and color cosmetics (USD 503mn).
The two countries united contain a quarter of the whole Middle East and African beauty and personal care market, which had a retail value of USD 27.1bn last year, rising 5.4 percent over 2014.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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