Tag: Saudi Arabia

CALGARY, Alberta, July 29, 2025 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, loss (gain) on investments and other assets, finance charges, foreign exchange, gain on asset disposals and depreciation and amortization), Funds Provided by (Used in) Operations, Net Capital Spending, Working Capital and Total Long-term Financial Liabilities. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) Accounting Standards and may not be comparable to similar measures used by other companies. See “Financial Measures and Ratios” later in this news release.

According to Towards FnB, the global fruit and vegetables market size is evaluated at USD 244 billion in 2025 and is forecasted to hit around USD 388.37 billion by 2034, growing at a CAGR of 5.3% during the forecast period from 2025 to 2034.

The luxury goods market is projected to soar to USD 704.95 billion by 2033, exhibiting a robust CAGR of 7.02% from 2025. This growth is driven by rising disposable incomes, expanding middle-class demographics, and increasing brand recognition. Prominent trends include digital transformation, experiential and personalized luxury, and sustainable practices. The market analysis covers diverse segments such as watches and jewelry, perfumes, cosmetics, clothing, and accessories. Key regions like China, India, the U.S., and Saudi Arabia are pivotal growth anchors, with companies like Kering, Ralph Lauren, and Hermès leading strategic expansions.

COMPLETE DIGITAL CATALOG FOR AUGUST 13-14 AUCTION NOW AVAILABLE | TWO-DAY SALE FEATURES HIGHLY DESIRABLE COLLECTOR CARS ACROSS TODAY’S MOST ACTIVE MARKET CATEGORIES

The halal economy is evolving from a niche market to a major global sector, projected to hit $9.50 trillion by 2030. Key drivers include government policy support and consumer demand, with mainstream brands integrating halal solutions. This growth covers halal foods, tourism, fashion, and more, offering significant opportunities in Southeast Asia and the GCC. The report benchmarks countries like Saudi Arabia, Nigeria, Malaysia, and the UAE for their halal competitiveness. Discover insights into market trends, potential, and strategic growth in the burgeoning halal economy.