Can Saudi Arabia be the Future Luxury Capital of The Middle East?
Amna Abbas
According to the latest data identified by Euromonitor International, fast-moving consumer trends, changing macroeconomic and demographics indicators and shifts in consumer behavior are opening up opportunities within the luxury goods industry in Saudi Arabia. Luxury brands need to understand the impact of these changes which will be essential for businesses to create winning strategies to penetrate or expand across markets.
Economy, Finance and Trade Saudi Arabia: Major Reforms Should Help Diversify the Economy
Roshni Wani Thapa
Euromonitor International’s Saudi Arabia Economy, Finance and Trade Country Briefing focuses on the largest economy in the Middle East and Africa (in US$ terms) that remains highly dependent on revenues from hydrocarbon exports. For the first time…
Cutting Ties with Qatar to Impact Negatively on Tourism in the Middle East
Euromonitor International
On 5 June 2017, the governments of Saudi Arabia, UAE, Egypt and Bahrain announced that they were cutting diplomatic ties with Qatar, over claims of the latter sponsoring terrorism. Travel bans were put in place such as flight bans and port closures,…
Iran Post Sanctions: What will this Mean for the Food and Beverage Industry?
Euromonitor International
With the lifting of sanctions against the Islamic Republic of Iran in January 2016, the country may finally be opening up its markets to the outside world, with several opportunities for both domestic and multinational manufacturers within the food…
New Era for Gulf-Lebanese Relations
Kinda Chebib
Saudi Arabia-Lebanon relations already tense have reached a breaking point when on Friday 19th of February Saudi Arabia halted $3 billion military aid to Lebanon - accusing the prominent role played by the Hezbollah group in national affairs backed…
Major Consumer Foodservice Trends in MEA
Euromonitor International
The consumer foodservice industry in the Middle East & Africa region is changing at a fast pace, witnessing a movement towards chained players from traditional independent ones, as well as increasingly adopting health and wellness trends.…
Soaring Tensions Between Iran and Saudi Arabia Divide the Middle East
Euromonitor International
The Middle East has been one more time the scene of a diplomatic fiasco with ambassadors from multiple countries returning home as a result of the tensions between Iran and Saudi Arabia, following the attack on the Saudi Embassy in Teheran on Sunday…
Top 5 Fastest Growing Consumer Markets in 2014
An Hodgson
Analyst Insight by An Hodgson - Income and Expenditure Manager A comparison of all consumer markets in terms of their expected consumer expenditure annual real growth in 2014 reveals some interesting fast-growing markets that are not among the usual…
Saudi Arabia Thrives from a Growing Retail Industry
Euromonitor International
The retail market in Saudi Arabia has become a strong focus for the government, primarily driven by a desire to boost and maintain ongoing economic success in the country. The Saudi Arabian retailing market was worth SAR374 billion in 2013, 12%…