However, the resurgence in global commodity markets bodes well for the future and has led to a to a renewed sense of optimism for investors as the government forges ahead with diversification efforts under the auspices of the Kuwait National Development Plan, or New Kuwait. Unveiled in Januarythe plan sets out long-term development priorities that are being pursued through strategic programmes organised into five themes and seven pillars. These include positioning Kuwait as a global hub for the petrochemical industry and tripling foreign direct investment.
All 40 Countries. Start reading. In this report. Read viewpoint. Read interview. Arab Times: Photo Release. View press cutting. Other Kuwait Reports:. Explore report. Choose a chapter from The Report: Kuwait Explore any of the chapters below to select an article. Country Profile.
Capital Markets. Islamic Financial Services. Legal Framework. The Guide. Table of Contents. Product successfully added to shopping cart Proceed to checkout Continue shopping.GCC as an investment destination November Gulf Petrochemicals Industry Report March All rights reserved. Disclaimer Privacy and Security. The report provides a comprehensive overview of the Sri Lankan Banking and Non-Banking Financial Institutions NBFI sectors, highlighting the strengths, opportunities and challenges for a diverse group of investors looking for investment opportunities in Sri Lanka.
It also profiles some of the key firms within these sectors. Alpen Capital forayed into Sri Lanka in and since then witnessed remarkable success, in both of its equity and debt advisory services, arranging more than USD M of bilateral loans, club loans and syndications for banks and finance companies as well as advising clients on regional cross border mergers and acquisitions. We continue to believe in the growth potential of Sri Lanka and through this report intend to showcase the country's Banking and NBFI sectors.
For a copy of the publication, please contact Dilip Samanthilaka at dilip. The report provides a comprehensive overview of the GCC insurance sector and outlines the recent trends, growth drivers and challenges in the sector. It also profiles some of the prominent insurance companies in the region. However, going forward, we anticipate the GCC insurance sector to grow at a moderate pace owing to economic revival, growing population, strengthening regulatory reforms and continued implementation of mandatory insurance coverage.
Sustained economic growth, increase in population and substantial infrastructure development are among the leading factors that will facilitate growth of the sector. The gradual slowdown of the insurance industry witnessed over the past two years is likely to continue until However, GWP is expected to improve relative to the subdued levels of growth recorded in the recent past, as long-term growth prospects continue to remain positive.
Insurance penetration in the region is expected to remain between 1. To download the report, please click here. Retail sales have been under pressure in the recent years but are estimated to recover and grow through The growth in retail sales is expected to be driven by increase in population, rise in GDP per capita and an evolving tourism landscape.
It is expected to be further aided by the recovery in the oil prices improving the macroeconomic stability and targeted government initiatives such as reviving infrastructure projects, allowing per cent foreign ownership in retail sector and ease in visa regulations for tourist arrivals.
Additionally, the upcoming mega events in the region will further propel the growth in retail sales. The retail sector is undergoing significant changes with the emergence of e-commerce across the GCC countries.
The rise in the number of millennials, working women and expatriate population is driving demand for consumer goods, especially international branded products and global food concepts. Consequently, the non-food retail sales are anticipated to grow at an annualized average of 4. During the forecast period, the annualised growth in retail sales in the GCC nations is projected to range between 2.
UAE, Kuwait and Qatar are expected to record faster growth driven mainly by increase in tourism activity, GDP per capita and penetration of organized retail stores. The UAE and Saudi Arabia are expected to continue to dominate the retail sales in the region, cumulatively accounting for The strong growth could be attributed to an anticipated rise in passenger traffic due to mega events such as World Expo and the FIFA World Cup Retail sales of personal luxury goods in the Middle East, primarily led by the GCC nations, is forecasted to grow at an annualised rate of 4.
The recovery in oil prices and the subsequent economic revival is expected to lead to growth in GDP per capita, consumer spending power and increase in tourist arrivals. These factors, coupled with the initiatives taken by the GCC governments to crack down on counterfeit products, will drive demand of luxury products across the region. Increase in population, growing tourism, high per capita income and a sustained economic recovery are likely to drive the growth of the food sector in the region.
Being the staple food of the region, cereals are expected to remain the most consumed food category with a share of Consumption of healthy and organic food is likely to increase with growing awareness. However, the respective share of most food categories in the overall consumption is anticipated to remain broadly unchanged. The country-wise food consumption share in the GCC is projected to largely remain unchanged through Oman is expected to experience the fastest annualized growth at a CAGR of 4.For years we've heard that disruption is coming.
In reality, we are already disrupted - the new retail world that we've been promised is here. Skip to content. Video Icon. Please note that your account has not been verified - unverified account will be deleted 48 hours after initial registration. Click anywhere on the bar, to resend verification email. KPMG Personalization. Get the latest KPMG thought leadership directly to your individual personalized dashboard.
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These new consumers, led and influenced by millennials, are exerting influence on retailers and forcing them to take action.
We've arrived at the intersection of elevated consumer expectations and technical possibility. The juxtaposition of what is happening in the West and the East will dominate the retail landscape with the latter in many cases moving faster than the former. Global Retail Trends The deck highlights themes that we will see emerge within the Consumer and Retail Market this year.
Print friendly version. Connect with us Find office locations kpmg. Related content.The project connects electronically the GCC-Stat to the GCC national statistical centers, it aims to establish high quality updated central database for national statistics of the member States at the regional level, where data are compiled, exchanged, processed and disseminated electronically and safely.
Under the auspices of His Excellency Dr. It aimed to discuss the technical issues with the countries of the region to ensure that the ILO's revised standards cover all types of work as well as the priorities of the labour force data in the region.Half section view drawing
Read More. This report reviews the most important data and indicators related to national accounts statistics, which are detailed at different levels, whether collectively at the level of the GCC as a bloc or in detail at the level of Member States. Bulletin of culture statistics aims to provide users, researchers, decision makers, statistical information about the culture across the GCC.
The information in this bulletin reflects the importance of cultural sector in the GCC countries. It will be useful to users in the preparation of further research, studies, and reports. This bulletin is divided into six chapters: Chapter one: cultural and natural heritage, Chapter two: performance art and celebrations, chapter three: multimedia audio-visual and interactive media, chapter four: visual arts and crafts, chapter five: books and newspapers and chapter six: related fields.
This report sheds light on the expected effects of the pandemic on the region, based on the data and information available to the center from national and international sources. The statistical report is an extremely important report that combines a broad range of sectors within a single time frame.
The first comprehensive statistical report covers six main sectors: population, education, labor force, environment and water, agriculture and livestock, and energy. Continue Reading. Over the 12 months to OctoberPrice change for consumer goods and services excluding housing  in the Gulf Cooperation Council countries rose by 4. The biggest increases were for Tobacco Events Tenders Organisation Chart. Commitees Policies. Forum Docs Center. Statistics Publications Economic Knowledge.
Press Release Releases Calendar Infographics. GDP at Current Price. Gross National Income in Current Prices.Outlook 2010 group policy template
Population Density. Exports to Imports Ratio. Total Revenues. Oil Production. The ratio of exports to imports.The just-released GCC Food Industry report provides an overview of the food sector and outlines the recent trends, growth drivers and challenges in the industry.
Increase in population, growing tourism, high per capita income and a sustained economic recovery are likely to drive the growth of the food sector in the region. Cereals, the staple food of the region, are expected to remain the most consumed food category with a share of Use of healthy and organic food is likely to increase with growing awareness. However, the respective share of most food categories in the overall consumption is anticipated to remain broadly unchanged.
The country-wise food consumption share in the GCC is projected to remain unchanged through Oman is expected to experience the fastest annualised growth at a CAGR of 4. Growth drivers include strong macro-economic variables, changing demographics and an increasing number of working couples.
Previous Article Next Article. The role of stores during the holiday season. Continue Reading. Converting mobile browsers into buyers. UK Government to pay two-thirds of retail staff wages. Waitrose online grocery platform now in UAE.Kya hua in nepali
MANGO reaffirms commitment to transparency. Lounge with a twist at Dubai Studio City. Saudi retailer BinDawood Holding announces offer price. Saudi Arabia-based operator of hypermarkets and supermarkets BinDawood Holding has priced its. New platform to improve Carrefour shopping experience. Asda has new owners. Food Crowd is now delivering from farm to home. BRW Society products will soon be available at Spinneys. Having been inducted into the Spinneys incubator programme, home-grown, online tea brand.
Urban Foods is on an expansion spree. Rethinking in-store and online customer engagement. Retail store re-openings are accelerating the use of digital towards rethinking in-store. EZDubai and noon. Related Post.The visitors to my onli. I love this app.
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GCC retail sector to grow 22% despite headwinds to $308bn by 2023
He has worked for a number of top bookmakers including Ladbrokes, William Hill and Coral. He's also written for a number of leading news outlets including the Guardian, i (newspaper) and Soccer Lens. More about him here. Matthew Finnegan joined IDG UK in January 2013, having spent two years writing for tech news titles including TechEye and ChannelBiz. Online gambling firm Bet365 has swapped Java for a lesser known programming language, Erlang, enabling it to reduce the complexity of software underpinning its core betting platforms and scale systems to handle a fourfold increase in the number of users on its network.
Created by developers at Ericsson two decades ago to run its telephone exchanges, Erlang is a relatively simple programming language designed for large, high-availability applications. It garnered little attention outside of the telecoms industry since the mid-nineties, but has grown in prominence in recent years, with WhatsApp using it to handle billions of messages sent across its network each day.
It meant that we could get our software out there faster, and we could test it quicker, and from that we could increase the productivity of our developers. The team's aim is to trial technologies that could give the company an advantage in the highly competitive online betting market.
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