Wednesday 18 January 2012

FEATURE-Shoppers may be more cautious at Dubai festival | Reuters

The rich economies of the Gulf are growing strongly but amid a mammoth array of discounts, raffles and promotions at this year's Dubai Shopping Festival, there are signs that consumers are becoming more value-conscious and thinking twice about spending after months of instability in the global economy.

Daily light shows and fireworks along the Dubai Creek, night souks (markets) extending until after midnight , lotteries to win 19 kilos (42 pounds) of gold, and hotel promotions are features of the 32-day long festival for shopaholics.

Now in its 17th edition, the festival started off in 1996 as a government initiative to promote retail sales and trade.

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