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Luxury retail consumption up 11pc in ME

The luxury retail channel in the Middle East went up by 11 per cent in 2014, fuelled by the growth in tourism as well by a large number of mall openings throughout the GCC region, a report said. The Middle East ranks in the top 10

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Middle East among top 10 global luxury markets

The Middle East ranks in the top 10 list of global luxury markets, a report said, adding that regional consumption went up by 11 per cent in 2014, fuelled by the growth in tourism as well by a hike in the number of new malls in the GCC.

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