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Email this article: GCC growth remains strong, although below exceptional 2011 level, says IIF
china wholesale market
Posted: Wed April 18, 2012 2:38 pm
UAE. IIF sees rising GCC oil production; Foreign exchange reserves on path to exceed US$2 trillion by the end of 2013; GCC banks seen as well capitalized and profitable.
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UAE. Consumption of luxury goods up 11% in the GCC, according to Bain & Company; China luxury market shows a shift in consumer preferences and ties to the GCC; In the UAE, Chinese represent about 2.5% of overall tourists, but account for 7% of the mall footfall and even bigger part of the spend.