US consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that keeps the door open to a Federal Reserve interest rate hike this year.
The total demand for gold was 915 tonnes in the second quarter of the year, a fall of 12 per cent compared to the same period last year, due mainly to a decline in demand from consumers in India and China, according to a report.
UAE-based online retail specialist Awok.com has witnessed an increase in sales between Iftar and Sohour times in the emirates.
It has been monitoring UAE consumers online shopping behaviour during Ramadan and demostrated that post
US consumer prices in May recorded their largest increase in more than two years as gasoline prices surged, suggesting the drag on inflation from lower oil prices was fading.
Other data on Thursday showed the economy was regaining
The consumer price index in Bahrain dropped by 0.6 per cent to 122.8 points last month compared with 123.6 in March last year.
The index had risen by 2.2 per cent last month to 122.8 points, from 120.1 in April last year, said a r
The UAE, Bahrain and Poland have emerged as Citigroup's top consumer markets in the Europe, Middle East and Africa (EMEA) region, a senior executive said, as the bank focuses on growth areas.
Citigroup, one of the world's
The consumer spending in the UAE has increased to $168 billion in 2013 from $150.4 billion in 2012, a regional retail expert said quoting the National Bureau of Statistics, UAE.
The spending in the US rose to $10,972 billion in 20
Henkel, a leading manufacturer of consumer goods and adhesives technologies, holds leading market positions in the consumer and industrial sectors across the globe an has been pushing the boundaries of innovation.
It has carved a
Kantar Worldpanel, a leader in gaining insights into consumer and shopper behaviour, has enhanced its panel in Saudi Arabia by 50 per cent.
Geared to provide a robust measurement of shopping behaviour in the kingdom, the ex
A law governing the standards and specifications of consumer goods entering Bahrain could be introduced.
The bill, put forward by the Industry and Commerce Ministry, would give the minister right of approval over the sale of comme