Shoppers at a market in Hong Kong. Agence France-Presse
Hong Kong retail sales extended their free-fall in November as months of anti-government protests scared off tourists, hitting spending and threatening the survival of small businesses.
Hong Kong’s August retail sales were the worst on record, the government said, as escalating anti-government protests that have gripped the Chinese-ruled city for nearly four months scared off tourists and battered spending.
Retail sales in the UAE are expected to rebound and grow by 13% to reach $58 billion by the end of 2021, supported by pent up consumer demand in the second half of the year, COVID-19 vaccination efforts and Expo 2020 Dubai,
The various e-commerce and virtual retail stores that cater to different product segments, will eventually merge into larger connected virtual hypermarkets or digital marketplace eco-systems, said experts at a virtual retail conference.
"Instead of going to jewellery showrooms, they (customers) can come here directly and they can get the coins here," GoldSikka Vice President Pratap, who only gave his first name, said.
Saudi Arabia and China showcased deepening ties with a series of strategic deals on Thursday during a visit by President Xi Jinping, including one with tech giant Huawei.
The UAE was ranked first in the Arab region in the IMD World Talent Ranking (WTR 2022), and 21st globally, advancing two places. The country was ranked among the top ten in nearly 30 per cent