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FINANCIAL NEWS
UAE’s consumer confidence falls in Q3
04 Nov 2015
(MENAFN) UAE consumer confidence dropped in the three months to September timeframe, marking the second successive quarterly decline, based on the latest reports.
The Index calculates insights of domestic job prospects, personal finances and immediate spending intentions amongst more than 30,000 respondents in 61 countries.
As for the reason behind the affected confidence, lower oil prices and weaker macroeconomic fundamentals locally as well as globally were to blame for this situation.
In more detail, approximately 44 percent of UAE respondents intended to save spare cash, reflecting deterioration from 48 percent in the three months to June timeframe.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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