Tuesday 8 December 2009

Has the sun set on Dubai World?

The price of electronic goods and used cars is expected rise in the coming months as effects of the economic meltdown in the United Arab Emirates (UAE) spills over to the local economy.

"Kenya could be affected in terms of low sales of meat products, especially live animals which are popular in this market," said Karithi Kirimi, a risk consultant.

An increase in the price of second-hand cars, sourced mainly from the UAE as well as built-Kitchen ware is likely as low sales means more unused capacity, he explains.

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