10 Feb 2013
(MENAFN) A recent study by Euromonitor International expected internet retail sales in the UAE to climb 95 percent by 2018, Arabian Business reported.
The research pointed out that consumers in the UAE are becoming more sophisticated and confident that online orders offer quality products, prompt home delivery and card security, which would boost the online retail business in the coming years.
Online retailers from the UAE have already started expanding elsewhere including Saudi Arabia, where forecasted growth over the next five years is 136 percent.
Ayman Ghanam, research analyst at Euromonitor said internet users in the Arab World are set to cross the 170 million line over the next three years, indicating a big jump in internet retailing in the region.
Looking ahead, Euromonitor market research indicates internet retailing in the region is expanding across other channels, with new products such as home care and DIY and gardening recently gaining their first significant presence in internet retailing.
Euromonitor also said it expects this to be followed by expansion into other Arab countries such as Egypt.
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
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
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more