Sunday 20 April 2014
 
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Consumer spending

Egyptian inflation rises to 10.4pc

Egypt's urban consumer inflation accelerated in October, driven by higher consumer spending on food and transportation, the state Capmas statistics agency reported on Sunday. Capmas said inflation rose to an annual 10.4 percen

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Saudi labour law helps lift consumer spending

Saudi labour reforms to nudge more local people and notably women into jobs once held by expatriates have raised consumer spending and boosted revenue for retailers, Muhammad Al-Agil, chairman of Jarir Marketing Co, said. Jarir, w

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Kuwait consumer spending seen strong in 2012

The consumer spending in Kuwait is set for another strong year in 2012 backed by solid salary increases and an improving employment scenario, according to a report by the National Bank of Kuwait (NBK). The consumer spending growth

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US consumer spending soars to new high

The US consumer spending got off to a fairly firm start in the third quarter, rising by the most in five months and offering hope economic growth could pick up this quarter. Other data on Thursday showed the number of Americans filing n

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Retail boom 'no bonanza for UAE banks'

While the average amount spent per credit card transaction in the UAE is up 15-20 per cent year-on-year in the first quarter of 2012, extracting value from the consumer boom is not easy for retail banks, say experts. 'People are spendi

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Women ‘major influence in retail sector'

In line with global figures that point to women accounting for consumer spending worth $20 trillion, they are becoming a major retail influencer in the region with new demands on products and services, said an expert. Steve Hamilton-Clark,

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US consumer spending rises in March

US consumer spending rose in March as households stretched to cover higher costs for food and petrol, with inflation posting its biggest year-on-year rise in 10 months. Despite the rising cost of living, consumers grew a bit optimistic abo

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Saudi consumer firms to gain from welfare spend

Saudi Arabia's consumer sector should benefit most from the country's social spending packages, AlembicHC said, and expects positive revenue surprises in 2011. Last month, Saudi Arabia's King Abdullah announced $93 billion in s

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Jumbo bids to upswing consumer spending

Jumbo Electronics, a leading retailer in the UAE, has invested more than Dh3 million ($817,000) across a range of product offers in an attempt to upswing consumer spending at the ongoing Dubai Shopping Festival (DSF). The 15th edition of D

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Consumer spending falls in US

US consumers cut spending last month and turned gloomier this month, underscoring the fragility of the economy's recovery even as signs emerged that manufacturing may be picking up. The Commerce Department said yesterday consumer spend

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