Challenging times for UAE retailers, but Dubai well positioned | Arab News:
"Continuing weakness in UAE retail markets has been highlighted by disappointing earnings results from companies such as Dubai retailer Marka.
The crash in oil prices has had a trickle-down impact on the Gulf state’s retail markets, hitting consumer confidence, consultancy group Euromonitor International said — although others see signs of hope on the horizon.
Faisal Durrani, a senior partner at Cluttons real estate consultancy, said there are uncertainties ahead flowing from “the introduction of VAT, rising interest rates and inflation which is nudging up.”"
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