Retail Sector

Kuwait Luxury Retail – Evolving amid COVID-19

Kuwait boasts the presence of several major luxury brands such as Prada, Gucci, Louis Vuitton and Chaumet, Bottega Veneta etc. Ranking 13th in the world in terms of per capita GDP, its affluent and brand conscious population, young demography, and a growing population position Kuwait’s luxury retail market favorably. A dedicated luxury retail district in The Avenues, the largest mall in Kuwait, homegrown luxury brands like K7L and e-commerce players such as Chic Kuwait further highlight the uptake of luxury...

GCC retail sector in the post-covid world: Bound for a “K” shaped recovery

The pandemic has changed the lives of billions of global citizens. Businesses have been forced to adopt new ways of functioning. The post pandemic world is expected to be never like before and experts have christened it as the “new-normal”. The GCC retail sector is no exemption to this. Being one of the region’s important sector for the economy, the retail sector has witnessed one of its worst performance in 2020. GCC retail sector, unlike in other regions, is not...

Secular trends underline long-term growth for Islamic asset management

This article was first published in Islamic Finance news Volume 17 Issue 41 dated the 14th October 2020 S&P global ratings expects Islamic finance industry (USD 2.4trillion) to witness subdued growth in low single digits for 2020/21 after registering strong growth of 11.4% the previous year, on the back of robust issuance and strong performance of Sukuk. We expect Islamic funds, which accounts for 4% of the overall Islamic finance industry, to fare better than industry as the demand for...