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Kuwait consumer spending seen strong in 2012The 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 More… |
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US consumer spending soars to new highThe 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 More… |
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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 More… |
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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, More… |
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US consumer spending rises in MarchUS 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 More… |
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Saudi consumer firms to gain from welfare spendSaudi 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 More… |
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Jumbo bids to upswing consumer spendingJumbo 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 More… |
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Consumer spending falls in USUS 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 More… |
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GCC consumer spending 'resilient'Despite the global financial crisis hitting the region, GCC residents have maintained their pre-crisis spending levels. A recent Booz & Company survey of consumers in Saudi Arabia and the UAE found they are relatively untroubled about More… |
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UAE personal loans jump 11pc to $13.2bnThe personal loans registered a 11 per cent jump in three months from Dh43.5 billion ($11.8 billion) at the end of 2007 to Dh48.4 billion ($13.2 billion) during the first quarter of 2008, according to the UAE Central Bank. According to rep More… |
