Desertcart Expands Sourcing from Korea and Japan, Adding Over 10 Million New Products for GCC Shoppers - Middle East Business News and Information
'Korea and Japan are global powerhouses when it comes to innovation, quality, and cult-favorite products ,' said Rahul Swaminathan, CEO of Desertcart . 'Our goal has always been to bring the world's best products closer to our customers. This expansion is a big step forward in that mission.'
The timing aligns with powerful consumer trends: K-Beauty is expected to grow from $14.7 billion in 2024 to $32 billion by 2033, at a CAGR of over 9%, driven by global demand for innovative skincare and cosmetics . Meanwhile, the prestige beauty market in the GCC is growing at 10% year-on-year, reflecting increased spending on premium wellness and personal care. In parallel, Japanese exports to the UAE reached $13 billion , with particularly high demand for consumer electronics, home appliances, and niche wellness products.
With direct sourcing from Korea and Japan, Desertcart now offers faster delivery, better pricing, and expanded access to products that were previously difficult to find or overpriced in the region.
With Korea and Japan now added to its sourcing portfolio, the company delivers to over 100 countries , reinforcing its position as the region's most comprehensive cross-border e-commerce platform.
'Our expansion into sourcing from Korea and Japan is a strategic response to the accelerating demand we're witnessing in the GCC, ' said Miquel Pancorbo, COO of Desertcart . 'By introducing over 10 million new items from these regions, we're not only diversifying our product offerings but also aligning with these significant market trends to better serve our customers. We're giving our customers front-row access to global trends.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily News Egypt
4 days ago
- Daily News Egypt
MSMEDA expands partnership with Japan's JICA to boost youth-led industrial projects
Bassel Rahmy, CEO of Egypt's Micro, Small and Medium Enterprise Development Agency (MSMEDA), has met with Yu Ebisawa, the newly appointed Resident Representative of the Japan International Cooperation Agency (JICA) in Egypt, to discuss expanding bilateral cooperation aimed at supporting youth-led industrial and productive enterprises. This marks Ebisawa's first official visit to MSMEDA since assuming his post in 2025. The meeting was attended by Raafat Abbas, Deputy CEO of MSMEDA, along with senior officials from both MSMEDA and JICA. Rahmy reaffirmed the agency's commitment to deepening its collaboration with JICA to transfer Japanese expertise to Egyptian industrial enterprises. He stressed the importance of helping small and medium-sized businesses improve production quality, meet international standards, and increase their ability to serve domestic demand and access global markets. This approach, he noted, aligns with Egypt's broader strategy to reduce imports and preserve foreign currency reserves. The discussions also reviewed the progress of an ongoing technical cooperation project between MSMEDA and JICA, which provides business development services to enhance enterprise competitiveness. Current efforts are concentrated in the food processing sector in Minya and the plastics manufacturing sector in Alexandria. Rahmy noted that future cooperation will focus particularly on expanding support for industrial and feeder industries—sectors that play a critical role in integrated value chains and have significant potential for job creation and economic impact. For his part, Yu Ebisawa expressed his appreciation for the strong and productive partnership with MSMEDA and affirmed JICA's readiness to continue and strengthen cooperation in support of small enterprise development and enhanced productivity across Egypt.
Daily News Egypt
5 days ago
- Daily News Egypt
State steps up efforts to streamline trade, digitise processes: Investment minister
Investment and Foreign Trade Minister Hassan El-Khatib affirmed that Egypt is actively working to simplify trade procedures, facilitate business operations, and advance digitisation to enhance the investment climate. El-Khatib made his remarks during a business breakfast organised by the Egyptian-Japanese Business Council and the Japanese Chamber of Commerce and Industry, in coordination with Egypt's commercial office in Tokyo. The event forms part of broader efforts to deepen economic cooperation between Egypt and Japan. More than 12 senior executives from various industrial sectors and institutions attended the gathering, reflecting Japan's growing interest in Egypt as a gateway for investment into African markets. During his address, El-Khatib reviewed Egypt's economic indicators and outlined key industrial investment opportunities. He highlighted the significant infrastructure investments made over the past decade, which have strengthened trade flows and attracted further foreign investment. Opening remarks were delivered by Council Secretary-General Katsuya Igarashi and Japanese-side Chairperson Jun Karube. Discussions at the roundtable explored potential collaboration in infrastructure and renewable energy projects, including wind farms and logistics ports. Participants also discussed opportunities in machinery, energy, and food sectors, alongside plans to manufacture and supply equipment to the Egyptian market. Further topics included green hydrogen production, export-oriented industrial zones, chemicals, industrial and engineering sectors, smart transportation solutions, specialised manufacturing, and prospects for investment and financing in large-scale infrastructure projects.
See - Sada Elbalad
23-07-2025
- See - Sada Elbalad
Gold Prices Decline Following U.S.-Japan Trade Deal and Treasury Yield Recovery
Waleed Farouk Gold prices witnessed a sharp drop in both local and international markets by mid-day trading on Wednesday, as a wave of profit-taking followed the yellow metal's climb to a five-week high. The improved risk appetite in global markets also weighed on precious metals, traditionally considered safe-haven assets. In Egypt, the price of 21-karat gold fell by EGP 30 to record EGP 4,680 per gram. Meanwhile, the international ounce price lost approximately $42, dropping to $3,390. The price of 24-karat gold reached EGP 5,349 per gram, while 18-karat gold recorded EGP 4,011. The price of the gold pound fell to EGP 37,440. Yesterday, prices had closed with local gains of EGP 25. The 21-karat gold started the day at EGP 4,685 and ended at EGP 4,710, while the ounce surged from $3,399 to $3,432. U.S.-Japan Trade Deal Lifts Market Sentiment Investor risk appetite rose significantly after the United States and Japan announced a historic trade agreement late Tuesday. U.S. President Donald Trump described it as 'the largest ever.' The deal includes a 15% tariff on Japanese car imports to the U.S. and the establishment of a $550 billion Japanese investment fund to be deployed within the United States. Global Markets: Stable Dollar, Lower Oil Prices At the same time, the U.S. dollar saw modest gains, and yields on 10-year Treasury bonds rebounded from a two-week low—raising the opportunity cost of holding non-yielding assets like gold. Meanwhile, U.S. Treasury Secretary Scott Bissonnette announced that negotiators from the U.S. and China would meet next week in Stockholm to discuss an extension of the deadline to reach a new trade agreement. This announcement added further optimism to markets and reduced demand for safe-haven assets. Fed Policy Uncertainty Lingers Despite the improved risk appetite, uncertainty surrounding the Federal Reserve's monetary policy continues to cast a shadow over global markets. President Trump intensified his pressure on the Fed, renewing his call for interest rate cuts and directly demanding the resignation of Fed Chair Jerome Powell. He also urged the Treasury Secretary to launch a comprehensive review of the Fed's policies—raising serious concerns over the institution's independence. Markets now turn their attention to the upcoming Federal Reserve policy meeting scheduled for July 29–30, with expectations leaning toward a rate hold amid a lack of clear signals for imminent changes in monetary direction. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
