E-Commerce Today - UAE Social Commerce Set for Significant Growth by 2026
The United Arab Emirates (UAE) social commerce market is set to experience significant growth, forecasted to expand by 11.1% annually and reach $15.41 billion by 2026. This growth is driven by a robust creator economy, evolving regulatory frameworks, and a shift towards creator-owned brands and regulated social selling. The UAE's investment in the creator economy and initiatives like the Advertiser Permit are fostering a more professional social commerce environment, encouraging creators to become merchant brands. Additionally, the market is expanding to include homegrown labels, enhancing consumer choice and increasing competition in compliance and infrastructure.
In other trading, Mininglamp Technology (SEHK:2718) was a notable mover up 19.9% and ending trading at HK$202.20.
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- Adobe (NasdaqGS:ADBE) finished trading at $233.38 down 1.9%, close to the 52-week low.
- Salesforce (NYSE:CRM) finished trading at $170.92 down 2.5%, not far from its 52-week low.
- Amazon.com (NasdaqGS:AMZN) ended the day at $238.00 down 2.5%. This week, Amazon secured a $17.5 billion term loan facility for general corporate purposes.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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