Sunday, June 29, 2008

"Consumer spending in the second-largest Arab economy jumped 17.7 percent to 319.87 billion dirhams ($87.1 billion) in 2007, more than double its level five years earlier, the Abu Dhabi Department of Planning and Economy said in a report. Per-capita spending in the country of 4.1 million people is about $27 a day, some eight times higher than average daily spending in the rest of the Arab world, the department said, adding that the UAE imported about 85 percent of consumer goods." (thanks Talal)