MENA personal care sector set for 8.5% growth: study The beauty and personal care industry in the MENA region, valued at $15.9 billion, is set to grow twice as faster than the rest of the world with a compound annual growth rate (CAGR) of 8.5 per cent in the next three years, a report said. […]
PricewaterhouseCoopers (PwC), a multinational professional services network headquartered in London, United Kingdom, surveyed major world cities and produced Another Ranking of Top World Cities that are generally metropolises of developed countries. The report was published on September 7th, 2016; we reproduce excerpts of it below.
London ranks top in PwC Cities of Opportunity Index, followed by Singapore and Toronto
London claims pole position for the second time in a row in a comprehensive benchmarking study of 30 leading business centres globally, boding well for its ability to withstand post–Brexit competition on a number of fronts.
The Middle East generally and the GCC in particular have diverse populations of nationals and residents with ratios spanning from 11% of Nationals for the UAE to Saudi Arabia’s 68%. All these populations totalling about 50 million, or a good percent of them use cars for business and / or leisure and a plethora of makes and models is offered in response by the world’s automotive industry. Mideast vehicle sales would according to the following article of TradeArabia be bound to reach in the near future heights unknown before. Meanwhile, Best Selling Cars blog could shed some light on the range of preferences for each country.
While total Internet Advertising revenue will surge at an 11.1% CAGR to reach US$260.4bn by 2020, the full potential of the sector will remain unfulfilled, as consumers turn to ad-blocking to overcome their frustrations over ads’ impacts on their loading times and data consumption.” The MENA region knows the same trends in Online Advertising and the GCC having perhaps steeper growth than elsewhere. Numerous recent studies reflected that and one of the best account was that of TradeArabia quoted here below.
A reputable Middle East CEO said recently that lower oil prices could translate into a 5 to 10% drop in their operating costs and that if well coupled with Middle East’s ecommerce sector, it could underpin regional growth in 2015. Meanwhile, lower oil prices and E-commerce for 2015 growth have seen governments in the region […]