Consumer spending in the UAE jumped 20 per cent on annual basis in the first nine months of this year despite inflation concerns, with the Arab world’s second-biggest economy set to expand at its fastest pace in over a decade.
Retail spending grew by 15 per cent annually in the nine-month period while non-retail spending rose 29 per cent over the same period, Majid Al Futtaim, the Middle East’s largest mall operator, said in its State of the…
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