UAE news and archive

Online spending to surge 40 percent in Middle East

Online spending in the Middle East is expected to grow 40 percent by 2020, with an estimated value of 41.5 billion dollars. The UAE and Gulf Cooperation Countries (GCC) has seen a surge in online shopping, and the UAE is expected to be a key market with a total market share of 53 percent across the GCC countries followed by Saudi Arabia at 14...

Fashion

UAE have highest apparel spending per capita: $785

Consumer spending in the UAE rose nine per cent last year and the emirate recorded highest clothing sales per capita in the world, according to last Kearney’s Retail Apparel Index.The report marks the highest clothing sales per capita in the world at $785 in 2010 and located it within the Gulf countries. AT Kearney analysts highlighted increased...

Fashion

Prada joins forces with UAE´s Al Tayer

The Italian house has signed a joint venture deal with UAE’s Al Tayer to distribute its luxury brands across the Gulf, namely in Bahrain, Kingdom of Saudi Arabia, Kuwait, Oman and the United Arab Emirates. The fashion house known for its high-end shoes, bags and clothing said Wednesday the deal would roll out Prada and Miu Miu stores in Bahrain,...