With wholesale and retail trade making up 30.7% of the emirate’s GDP in 2011, Dubai has become the Middle East’s chief retail centre. The emirate is home to one of the largest malls in the world, has a massive domestic consumption of retail goods and boasts a reputation as a prime shopping destination among well-heeled tourists. Despite a hiccup in numbers after the 2008-09 global financial...
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Economic update | Jordan: Tight times for retail
4 Feb 2013
Uncertainty over the economy’s medium-term outlook, combined with concerns over regional instability, are likely to result in a subdued 2013 for Jordanian retailers, with many indicators pointing to conservative spending by consumers through the year.
Economic update | Kuwait: High-profile retail
30 Jan 2013
The opening of the long awaited, third phase of The Avenues mall in Kuwait has provided the retail sector with a major boost, while reaffirming a growing demand for luxury goods.
Economic update | Perú: Nuevos centros comerciales para impulsar el desarrollo del retail
23 Jan 2013
Los cambios demográficos en el Perú y el aumento del poder adquisitivo han iniciado una expansión masiva en el sector retail ya que las empresas se mueven para satisfacer la creciente demanda de los clientes de los centros comerciales modernos y de las marcas internacionales.
Over the past four decades, Dubai has become one of the most important economic centres in the Middle East and a key destination for investors, tourists and corporations from around the world. The emirate boasts a diversified economy, an open business environment, and a multinational population and workforce, all of which have contributed to its reputation as a leading investment destination.
While a significant nomadic population still pushes its herds across the steppe, young adults in Ulaanbaatar use fibre-optic networks to access the internet. Heir to the legacy of Chinggis Khan, Mongolia is fast emerging as a land rich with economic potential – a country that is seeking growth while also working to preserve its unique national culture.