Thursday 24 April 2014
 
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consumer

US growth loses steam as consumer sentiment dips

US consumer spending increased in February, but a dip in sentiment this month offered confirmation that economic growth slowed in the first quarter. The Commerce Department said yesterday that consumer spending rose 0.3 per cent l

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Harsh winter hits US consumer sentiment

US consumer sentiment weakened in early March as an unusually harsh winter appeared to dim views on the economy's prospects. The preliminary Thomson Reuters/University of Michigan index of consumer sentiment fell to 79.9 in Ma

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Saudi cbank expects further drop of inflation

Saudi Arabia's central bank expects the annual inflation rate to fall further below three per cent in the first quarter of this year, it said in a report on Monday. "The general inflation rate is expected to continue decl

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Citi celebrates two Bahrain milestones

Citi Bahrain celebrated 45 years of presence and 25 years of consumer banking operations in the kingdom recently. The event, held at the Ritz Carlton Hotel, was hosted by James Cowles, Citi’s chief executive officer for Euro

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UAE, Saudi among most bullish markets

Consumers in the UAE and Saudi Arabia were among the world's most bullish in the final quarter of 2013 while Americans were slightly less willing to spend than in the previous quarter, a global survey showed. Indonesians remai

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New consumer property show to launch in Dubai

A new consumer property show will bring together leading developers in Dubai next month. The Next Move live show, which will run from February 20 to 22 at the Madinat Jumeirah, will bring together leading property developers, agen

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Islamic fashion sector to hit $322bn

Muslim consumer expenditure in the clothing / fashion sector will soar to $322 billion by 2018, from an estimated $224 billion in 2012, said a report. This represents the potential Islamic values inspired ‘modest’ clot

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MAN Consumer showcases leading FMCG brands

MAN Consumer, the FMCG arm of MAN Investments, will showcase a range of leading global brands at Sial 2013, the Middle East food exhibition in Abu Dhabi, which begins today (November 24). MAN Consumer’s activities include a

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Iraq’s mobile phone subscribers cross 27m

Mobile phone subscriber numbers jumped from 20,000 in 2002 to 27 million in 2012 in Iraq, said a recent survey. Iraq’s information and communication technology market looks to be driving the entire technological infrastructu

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US retail data points to improving economy

A gauge of US consumer spending rose in July at its fastest pace in seven months, a sign of quicker economic growth that could strengthen the case for the US Federal Reserve winding down a major economic stimulus program.  

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