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 ...
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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%. Attracti...
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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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July is coming to an end. Since August 1, 2019, what customs-related new policies and regulations have been implemented? Come and find out!Electronic agent declaration: From August 1st, Guangzhou Customs and Ningbo Customs will fully launch the electronic agent declaration formOn June 11, Guangzhou Customs issued a notice. Since August 1, 2019, the customs no longer accepts the paper agent declaration. Before the transition period of July 31, the customs declaration enterprise can fill in the electronic agent declaration power of attorney, or upload a scanned copy of the paper agent declaratio...
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In the first half of this year, China directly invested US$510 million in the UAE, a year-on-year increase of 271%.Xinhua News Agency, Beijing, July 25th, the Ministry of Commerce spokesman said on the 25th that in the first half of this year, China directly invested 510 million US dollars in the UAE, an increase of 271% year-on-year; completed contracted project turnover of 1.85 billion US dollars, an increase of 68.2%.Ministry of Commerce: China’s direct investment in the UAE increased nearly three times in the first half of the yearAt a regular press conference held that day, he said that C...
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