Saudi Business Updates

 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...

  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...

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...