New Market Study Published: United Arab Emirates Food & Drink Report Q1 2013
The outlook for household spending in the UAE over the coming quarters is encouraging, despite credit growth remaining anaemic. According to a recent report by Hay Group, 85% of firms in the UAE increased salaries in 2012, while a country-wide average nominal pay rise of 5.5% is forecast for 2013. Moreover, latest consumer and business confidence surveys by Bayt.com/YouGov appear to indicate that household consumption will gradually accelerate over the coming quarters, with both the 'consumer confidence' and 'consumer expectations'...
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