Friday 28 November 2014
 
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consumer

Allianz plans to sell US consumer business

German insurer Allianz is planning to sell the personal insurance business of its US subsidiary Fireman's Fund as the unit continues to miss its targets, a German newspaper reported. Fireman's Fund's commercial coverag

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UAE consumer electronics market to hit $4bn

The increased sale of tablets, smartphones and digital SLR cameras is expected to push UAE’s consumer electronics market to Dh16 billion ($4.3 billion) next year, according to the Consumer Electronics Association. Following

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Dubai consumer prices surge 2.7pc

The consumer prices in Dubai surged at a record 2.7 per cent in the first half of the year, as compared to the same  period last year, spurred by price escalation in goods and services, said a report.   The

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Mobile ‘preferred channel for interaction’ in Mideast

Mobile penetration rates are sky rocketing in the Middle East and is increasingly consumers’ preferred channel for interaction, even with government services, according to a YouGov survey.   The leading mar

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Mobile ‘preferred channel for interaction’ in Mideast

Mobile penetration rates are sky rocketing in the Middle East and is increasingly consumers’ preferred channel for interaction, even with government services, according to a YouGov survey.   The leading mar

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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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