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4 Facts you Need to Succeed in Business within Saudi Arabia

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Setting up a business is highly engaging process that is demanding in terms of finances and physical effort. However, all these efforts do not guarantee the success of a business enterprise. There are other essential factors that need to be taken into consideration as they ultimately affect the success of a business venture. Each country has its unique factors that may propel the business to success or lead it to a failure trail. It is thus essential to consider all the factors that influence business operations and be keen to note those that propel businesses to success. In Saudi Arabia, there are various factors that each business start-up ought to take into consideration in order to achieve profitable operations. Operate within the Sharia Law The Sharia law is the sovereign law of the land in Saudi Arab. Being an Islamic state, all businesses are expected to engage in Halal business activities at all times. Suffice to state that a business cannot attain profitable or sustainable o...
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A sigh of relief for Tobacco Traders in Saudi Arabia

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 The government of Saudi Arabia has announced a reduction in the tax and duty associated with Tobacco imports into the country. This comes after a tough trading period for businesses in the Tobacco industry as the taxes and duties had risen so high in the last three years. The move is geared towards enabling tobacco traders revive their operations as this sector contributes significantly to the economic development of the country. The tax and duty reduction however comes with increased requirements for tobacco traders by the government. Due to the rising cases of Tobacco-related illnesses, the traders are required to ensure that the age limit is strongly adhered to while also having all tobacco products carry the notice of health risks for the users. The government also highlighted the need for the importers to be keen on the quality of the tobacco products as this would go a step further into safe-guarding the health of the users in Saudi Arabia. Prime Puff Paper , a tobacco acces...
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Online Stores are the Silver lining for Business Operations in Saudi Arabia

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 Saudi Arabia is one of the largest countries in the Gulf with the petroleum industry taking a lead in the giant sectors of the country`s economy. In terms of technology, The Kingdom of Saudi Arabia prides itself with high internet penetration and smart phone usage. In the main cities, namely, Riyadh, Dammam, Jeddah and Jubail, internet and smart phone penetration is over 95%. These statistics help to explain the recent trends in business operations in Saudi Arabia as business enterprises in diverse industries set up online store. It is a matter of principle that a business which defies the forces of technology in the present age risk losing relevance and possible closure in the long run. It is a business tact to retain relevance by observing the emerging trends and making the requisite changes accordingly. It is even considered a superior strategy when businesses anticipate the future trends in technological changes and make the necessary adjustments in readiness. Businesses hav...
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The Evolution of Tobacco In Saudi Arabia

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  Tobacco use especially through smoking is one of the oldest leisure practices across the globe dating as far as 2000 years ago. Initially the practice was wrapped around cultural and religious activities but has evolved over the years to become an acceptable enjoyment activity in spite of the various health fronted by medical practitioners. In Saudi Arabia, tobacco remains one of the most utilized stimulant drugs retailed with a health warning of the possible risks as well as a firm age restriction notice. Traditionally, tobacco was grown, leaves dried and smoked through a tobacco pipe. For convenience, the paper rolls were invented which also led to the invention of the ready cigarettes. However, as part of enhancing the tobacco use experience, tobacco lovers now prefer rolling their own tobacco using special rolling paper and also utilize filter tips to make the smoking more palatable and safe to use. As a result of the rising number of tobacco users in Saudi Arabia, the co...
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Tobacco Accessories Demand Analysis (2017 to 2021) Vs Market Outlook (2022 to 2032)

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The global demand for smoking accessories   is projected to increase at a CAGR of  4.2%  during the forecast period between 2022 and 2032, reaching a total of  US$ 101 Billion  in 2032, according to a report from Future Market Insights (FMI). From 2016 to 2021, sales witnessed significant growth, registering a  CAGR of 3.9%. The increasing culture of smoking among the young population along with an increasing number of smoking cafes and bars across various regions is propelling market growth. According to the World Health Organization (W.H.O), in 2020, 22.3% of the global population used tobacco, 36.7% of all men, and 7.8% of the world's women. Furthermore, the growing demand for smoking accessories in developing countries and the soaring adoption of fancy products in cafés and restaurants is further expected to fuel the market growth throughout the forecast period. Which Drivers underpin Tobacco Accessories Industry Expansion? Introduction of new...
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