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Email this article: Waha Capital net profit drops 47% in first quarter 2012
china wholesale market
Posted: Wed May 9, 2012 12:59 pm
UAE. Continued profitability - AED15.9 million for the first quarter of 2012, as compared to AED 29.8 Million in the corresponding quarter of 2011 - despite international economic downturn.
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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.
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