Strong domestic spending is helping stimulate Dubai’s retail sector, according to the Department of Tourism and Commerce Marketing. It says consumer confidence remains strong, while attractive discounts and greater options are helping maintain a robust footfall at shopping outlets. The success of several big-ticket annual events like the Dubai Shopping Festival (DSF) has also prompted the authority to launch new platforms linking consumers with high-end retailers. Saeed Al Falasi, Executive Director at the Dubai Festivals and Retail Establishment says these initiatives are major contributors to the local economy.
Listen
FNC proposes Euro-Mediterranean and Gulf AI hub at economic forum
UAE calls for stronger Euro-Mediterranean, Gulf cooperation
Dubai's DGCX to launch region’s first Gold Spot T+0 Contract
AD Ports launches new logistics link between UAE and Iraq
Kuwait plans to boost oil output to 2 million bpd in a week
