Mixed signals are coming out of the Turkish retail sector, with sales volume making strong gains while at the same time consumer and business sentiment cooling. Incoming data point to growing pessimism over the economy. However it will be a while before the heat is taken out of the marketplace in the coming months.
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An expected rise in consumer spending is set to benefit Oman’s retail sector throughout the last quarter of this year and into 2014, but the bulk of the benefits are likely to be felt in Muscat.
Economic update | New mall developments signal cautious recovery in Dubai’s retail market
17 Oct 2013
Rising demand and a recovering economy are driving growth in Dubai’s retail sector, with a sharp increase in new mall space suggesting that it is beginning to shake off the doldrums of the global economic crisis of 2009.
Chapter | Industry & Retail from The Report: Ras Al Khaimah 2013
As part of its “20-20” strategy, under which no single sector should account for more than 20% of GDP or 20% of the fiscal surplus, the government is working to diversify the local economy. Growth is expected in the industrial sector in line with efforts to expand downstream capacity, extending production across the supply chain. Improvements to electricity capacity are planned as well, which...
Bolstered by burgeoning cement and ceramics industries that draw on the natural resources of the Hajar Mountains, Ras Al Khaimah has one of the GCC’s more diversified economies. Continued investment in infrastructure is enabling further economic growth and encouraging foreign investment.
Chapter | Industry & Retail from The Report: Ghana 2013
Given the country’s growing consumer population, limited product penetration and stable business environment within ECOWAS, the manufacturing sector in Ghana has impressive potential. However, like many countries in the region, commodities have taken precedence over industrial growth. As a result, manufacturing contributed 6.9% to GDP in 2012, a significant drop from 10.2% in 2006. Imports of...