With strong growth in the telecommunications industry and a wide range of smartphone options to suit all budgets, smartphones sales in the Middle East and Africa are expected to grow to $23.5 billion by 2020, according to Euromonitor Internati
Terry Xu considers himself one of the lucky ones.
The 32-year-old father-of-one invested 10 per cent of his savings earlier this year in Chinese stocks. Now, with markets down around 40 per cent since mid-June,
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