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+971 4 227 7134
There has been a shift in the global banking scene towards increased digitization with a minimized branch interface. Retail banks in the region are fiercely competitive on offering a superior banking experience. But they seem to be missing out on digitization wave that has taken over the world and has yet to reach the banking sector. read more
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VC firm Millennial Capital announced at late September that it has launched a retail and consumer products investment structure, targeting franchisees' development and/or acquisition of high growth brands operating in emerging markets, GCC included. The firm concluded seed capital-raising of $3 million from regional investors. read more
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SME growth and financing in MENA is restricted by the lack of an empowering environment.
Developing regulations, lending capacity and availability are roadblocks to the growth of SMEs market.
A recent World Bank survey of over 130 MENA banks shows that only 8% of lending goes to SMEs across MENA, and even less in GCC countries at 2%.
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Millennial Capital highlights that the spa franchise model, in its infancy in the UAE, is an emerging trend due to a detailed assessment of capital requirement, quality of the infrastructure and management, service, earnings and profitability and is well suited for new operators in the Mena markets. Currently, 65 per cent of spas are outsourcing their management to spa management companies because of the current lack of efficiency and service quality. read more
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KRUZIN, an urban luxury sneaker brand, is all set to mark its step in GCC by partnering with Millennial Capital Ltd. Originally from Miami, the footwear concept is currently operating more than 40 outlets across five countries in North America, Asia and Brazil. The brand’s global success is in part due to an active presence both on and offline, offering a 24/7, omni-channel customer experience. read more
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The UAE has become the preferred market entry point for international brands looking to expand in the GCC due to drivers such as the easiness of doing business, being 26th in the global rankings and first in the Middle East and North Africa region, an expected double-digit growth in the regional Internet retailing segment, and the emergence of millennial shoppers and connected consumers. read more
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