global village a lifeline for traders hit by arab spring
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

New markets sought for growing stocks

Global Village a lifeline for traders hit by Arab Spring

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Global Village a lifeline for traders hit by Arab Spring

Visitors browse through home decor items in a pavilion at the Global Village.  
Dubai - Arabstoday

Visitors browse through home decor items in a pavilion at the Global Village.   At the entrance to the Global Village\'s Yemeni pavilion, a seller cracks open a peanut between his fingers. \"Bismallah,\" he says, in a gesture of offering to visitors in his spice stall.Ahmad Munasir, owner of Hadramoot Spices , has participated in the Global Village\'s Yemeni pavilion for 12 consecutive
 years, but none has been as crucial for business as this year.
Small retailers from Arab countries hit by popular uprisings last year are seeking international exhibitions to boost their sales and clear out stocks piling up at home, Arab exhibitors at the Global Village say.
The revolutions in their home countries from Tunisia to Libya, Egypt and Yemen have slashed sales of traditional products by up to 50 per cent, exhibitors said.
Article continues below
The uprisings have cost the countries involved more that $55 billion (Dh201 billion), according to a report by political risk consultancy Geopolicity.
\"The crisis has reduced profits, although some people were stocking up double on basic goods like wheat and oil during the revolution, but our sales dropped by 20 per cent,\" Munasir said. \"We are depending on our work here more than Yemen.\"
Exhibitors are capitalising on their presence at the Global Village to market their products to other wholesalers in the UAE. \"I\'ve been getting calls to export our spices from Yemen to the Gulf,\" said Munasir, who has three stalls here.
Transport costs
Since the uprising in Yemen, the prices of spices and other commodities shot up, but transport costs increased three-fold due to fuel price hikes, traders said. \"We did not add these costs on to the prices because people won\'t accept a price increase, so our profit margins were squeezed,\" Munasir added.
Hamid Al Maliki, owner of the Sana\'a-based store Throne of Bees, is hoping for buzzing business here.
\"The market in Yemen for honey and other goods is suffering after the revolution. Our sales have dropped by half in the last year,\" he said.
Exhibitions such as the Global Village and others in the Gulf provide a platform for small retailers to market these traditional commodities that are slow-moving in the sluggish economies of the Arab Spring countries.
Ahmad Mohammad, owner of the Sana\'a Yemen Centre for Spices, has seen a 40 per cent drop in Yemeni coffee and spice sales back home.
Spices
But business at the pav-ilion, where he has participated for 10 years, is to his liking. He makes up for lost sales back home with repeat customers, mostly Yemeni expatriates and Emiratis clamouring for fine Yemeni coffee and traditional spices used in biryani.
At his silverware stall, decked with curved Yemeni daggers and elaborate jewellery, Abdul Hamid Al Basha says he is not too worried about business because of his regular participation in festivals outside Yemen.
Over at the temple-shaped Egyptian pavilion, a visitor wearing a Pharaoh\'s costume poses by a golden war chariot at the Phaoronic Studio. A long line forms by the Egyptian Museum that houses replicas of the original monuments in Cairo. Visitors get their names engraved in hieroglyphics on jewellery and leather items.
Egyptian tourism revenue declined 30 per cent according to official government statistics, pulling $3.7 billion (Dh13 billion) out of the Egyptian economy, and those working in the tourism industry are feeling the economic squeeze.
For Egyptian traders selling tourism products such as papyrus and Phaoronic wares to the now-scarce tourists, international exhibitions offer some profit margin relief.
\"International exhibits mean marketing for us. As wholesalers it makes all the difference when we went to Europe, Kuwait, Jordan and Qatar,\" said Mohammad Ahmad, a salesman at Akhenaton, which sells papyrus paintings and wall tapestries.
Already, he has received orders from galleries and souqs in Dubai and Sharjah.
Last year, business in the Global Village was slower as the economic downturn shrank people\'s purchasing power and expatriates left after they lost their jobs, he added.
\"This year, the government has increased Emiratis\' salaries and eased debt burdens, so the sales are better,\" he said.
The Global Village and other trading platforms are a way of selling goods to tourists who did not go to Egypt last year, said Mohammad Halawa, owner of Al Zaeem, which sells Egyptian cotton gallabeyas or robes.
Expansion plans
\"Egyptian cotton is a popular product, especially with people in the Gulf and those who did not go to Egypt,\" he said. \"It doesn\'t matter where we sell it as long as the product sells.\"
He has showcased his products in Kuwait, Saudi Arabia, Jordan, Bahrain and some African and Eur-opean countries, he said.
In the Syrian pavilion sits Hussam Mua\'alem, owner of an arabesque (wood and shell crafts) workshop in Damascus, amid intricately carved walnut wood vanity tables inlaid with shell designs.
\"Our workshop is not affected due to the crisis and I have not laid off any craftsmen,\" he says, insisting there are no signs of trouble in Damascus.
It is his first year at the Global Village and already he is considering opening an office in Dubai where demand is high and he can cut out the middleman, he said.
Over at the Tunisian pavilion, traditional earthenware bowls and tagines in pink, red, blue and beige are displayed in one stall.
\"We are here to introduce Tunisian products and we always participate in exhibitions worldwide. Sales are better outside,\" said Gehan Reihi, a sales clerk at Al Motawakil International.
 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

global village a lifeline for traders hit by arab spring global village a lifeline for traders hit by arab spring

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

global village a lifeline for traders hit by arab spring global village a lifeline for traders hit by arab spring

 



GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 05:17 2024 Wednesday ,07 February

Amazon to open first cashierless shop

GMT 05:04 2024 Tuesday ,06 February

Skincare PR Performance Full Year 2017

GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 10:08 2018 Wednesday ,24 January

Microsoft to open 4 data centres

GMT 10:55 2017 Thursday ,31 August

Labour reforms 'ambitious, balanced, fair'

GMT 08:13 2017 Sunday ,22 January

ADCB win Euromoney prize

GMT 10:54 2013 Saturday ,05 October

Cyrus infamous twerking performance at the MTV

GMT 03:02 2017 Thursday ,16 February

Unruly passenger forces PIA plane to land

GMT 14:38 2014 Tuesday ,25 March

17 killed in 2 attacks in Afghanistan

GMT 09:09 2016 Monday ,22 August

'Marvellous' Rio flames out

GMT 15:16 2016 Sunday ,25 December

Bird Flu in S. Korea Culls over 22 Million Poultry

GMT 13:35 2012 Thursday ,31 May

9 ways to sexually arouse your man

GMT 17:32 2017 Friday ,06 January

Leadership's initiatives are rooted in

GMT 18:35 2016 Thursday ,08 September

Tunisia calls for ban on Hizb ut-Tahrir
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice