Gulf Countries Address e-commerce Challenges

The Biban 23 Forum, which was recently held in Riyadh, shed light on e-commerce. (Asharq Al-Awsat)
The Biban 23 Forum, which was recently held in Riyadh, shed light on e-commerce. (Asharq Al-Awsat)
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Gulf Countries Address e-commerce Challenges

The Biban 23 Forum, which was recently held in Riyadh, shed light on e-commerce. (Asharq Al-Awsat)
The Biban 23 Forum, which was recently held in Riyadh, shed light on e-commerce. (Asharq Al-Awsat)

The General Secretariat of the Gulf Cooperation Council (GCC) is working on limiting the challenges related to e-commerce in member-states, including legal, regulatory or logistical obstacles that prevent optimal use of the advantages of the sector.

It has called on government and private agencies in the Gulf to intensify efforts and collect the information required to give a clear picture to the decision-makers at the council level.

This comes in conjunction with the growth of e-commerce in the GCC countries, as the sector is expected to reach $50 billion by 2025, according to a report by Kearney Middle East.

According to information obtained by Asharq Al-Awsat, the Saudi private sector is currently preparing an integrated file to list the difficulties it faces in e-commerce, before submitting the data to the General Secretariat of the GCC.

These results would contribute to shedding light on the necessary measures to create an appropriate legislative and regulatory climate that keeps pace with developments in the digital world, and within local, regional and international commercial markets.

E-commerce is a major driver of economic growth and helps in expanding the scope of commercial transactions, bringing them to the largest number of companies and consumers, and providing more opportunities and a broader base for transactions.

The Federation of Chambers of the GCC announced its support for the outcome of the consultative meeting of the ministers of trade and industry and representatives of the Gulf private sector, which was held recently in Amman, calling for completing the implementation of the common market paths and addressing the challenges of intra-trade between the council members.

The federation emphasized the need to adopt the necessary steps to support the implementation of the paths of the Gulf common market, in coordination with the GCC General Secretariat, and to present relevant initiatives and studies.

Hassan Al-Huwaizi, President of the Federation of Gulf Chambers, said at the time that they would work to encourage citizens of the GCC countries to interact more with the electronic platform (Takamol), which aims to address inquiries, observations and proposals related to the common market.



Apple Takes Top Spot for First-Quarter Smartphone Sales, Data Shows

An attendee holds two iPhones 16 as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, September 9, 2024. (Reuters)
An attendee holds two iPhones 16 as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, September 9, 2024. (Reuters)
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Apple Takes Top Spot for First-Quarter Smartphone Sales, Data Shows

An attendee holds two iPhones 16 as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, September 9, 2024. (Reuters)
An attendee holds two iPhones 16 as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, September 9, 2024. (Reuters)

Apple took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e's launch and strong demand in countries such as Japan and India, data from Counterpoint Research showed on Monday.

Apple had 19% of the smartphone market, despite flat or declining sales in the US, Europe and China, followed by Samsung with 18% of the market, according to Counterpoint.

The data suggests iPhone demand remains strong in emerging markets, even as sales struggle in China due to competition from local players such as Huawei and a lack of AI features.

Separately, International Data Corporation, which primarily tracks shipments rather than sales to consumers, said global smartphone shipments rose 1.5% in the first quarter, with Apple front-loading supply to sidestep potential tariffs under US President Donald Trump.

Apple's shares were up around 3.5%.

Trump's back-and-forth tariffs and escalation of global trade tensions has resulted in global financial market turmoil for the past two weeks, a worsening economic outlook and the possibility of stronger inflation.

Apple had chartered cargo flights to ferry 600 tons of iPhones, or as many as 1.5 million, to the United States from India in an effort to beat the tariffs.

However, Trump's decision to exclude smartphones, computers and some other electronics from the sweeping reciprocal duties on China led to a rise in global tech shares on Monday.

"The recent exemption by the US government pausing smartphone import tariffs from China offers temporary relief for US companies, but heavy reliance on China's supply chain persists amid ongoing tariff volatility," said Ryan Reith, group vice president, worldwide device trackers, IDC.

"Right now, the focus for US smartphone brands should be taking advantage of the exemption by building and shipping as much as possible."

Counterpoint, which expects the smartphone market to decline this year due to tariff-related uncertainty, said Xiaomi continued its sales momentum in third place, while Vivo took the fourth spot and OPPO was fifth.