TechSci Research, an international market research and management advisory body based in Benabi, British Columbia, Canada, reported this month in 'Competition Predictions and Opportunities for Muslim and Ordinary Cosmetics Based on Different Product Types, Distribution Areas, Ages, and Muslim Cosmetics in Saudi Arabia'.The report analyses that Saudi Arabian women's cosmetics market is expected to grow dramatically as personal income increases and women's preference for cosmetics in the country increases, as well as to maintain a youthful look.The report also analyses that with the construction...
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The Gulf Times reported on August 4, 2019 that Ernst & Young reported that in the first half of 2019, the United Arab Emirates attracted the most foreign capital acquisitions in Central and Northeast Africa. The UAE has signed 20 investment and merger agreements totalling $14.4 billion, including huge deals from Adnoc and Areem.In the first half of this year, M&A transactions in the Middle East and North Africa region amounted to 115.5 billion US dollars, an increase of 221% compared with 36 billion US dollars in the same period in 2008; the number of transactions was 216, down from 24...
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1. Consideration of Saudi Arabia's Promotion of Nine Key Foreign Investment Investment Industries(1) Promoting economic transformation and promoting economic growthIn April 2016, Saudi Arabia officially released Vision 2030. In this programmatic document of the economic and social development guidelines of Saudi Arabia in the next 15 years, it is proposed that Saudi Arabia will develop a pluralistic economy and get rid of the 'oil price cycle trap' through economic transformation. Saudi Arabia proposes that by 2030, the GDP share of FDI will be increased from 3.8% to 5.7%. Attracting foreign i...
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According to the regulatory notice issued by the Iraqi government in 2013, customs and terminals announced that they will be strictly enforced from October 1, 2019. All imported Iraqi goods, certificates of origin and commercial invoices must be stamped by the Iraqi embassy in the place of origin. Otherwise, any fines and delays will be borne by the shipper. Shipping company Emirates Shipping has issued a notice.Announcement noticeIraqi imports – Embassy documents of the Iraqi embassy in originAccording to the Iraqi government's announcement of the following regulatory notices in 2013, Customs...
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August 5th news, a few days ago, the Middle East e-commerce platform Jollychic (practice) announced the completion of 65 million US dollars C + round of financing, the investor is the UAE technology giant G42 Group.According to the executive, the financing is the first time for the local strategic investors in the Middle East to invest in the Chinese e-commerce platform with the Middle East as the key market. The G42 Group is a group in the field of innovation and technology in the UAE, with certain industrial achievements in the frontier areas such as artificial intelligence, big data and clo...
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Recently, the Ministry of Commerce and Investment of Saudi Arabia issued the Electronic Commerce Law (hereinafter referred to as the Saudi Electronic Commerce Law).In this regard, the original Saudi e-commerce law has been translated and interpreted by Zhanhong Supply Chain. For cross-border e-commerce sellers, Saudi e-commerce law has achieved new provisions from consumer privacy, consumer voucher rights, intellectual property rights and consumer return services.In terms of privacy, Article 5 of the Saudi e-commerce law states that e-commerce service providers shall not retain personal consum...
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Noon, the Middle East e-commerce company founded by Emaar Chairman Albar, signed a memorandum of understanding with Neolith Huitong (Beijing) Technology Co., Ltd. (Neolix) to introduce automatic delivery technology for unmanned vehicles in the UAE and Saudi Arabia.According to reports, this will be the first application of unmanned vehicle logistics and distribution technology in the Middle East and North Africa.Neolithic has more than ten years of experience in building intelligent hardware for the logistics industry. It is best known for its L4 class of unmanned vehicles, and is divided into...
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