UAE consumer spending jumped 19pc in 2022.

Consumer spending in the UAE increased by 19 percent annually in 2022 as the Arab world's second-largest economy continued to expand due to government initiatives, higher oil prices and a rebound in the tourism and property sectors. Retail spending grew by 13 percent during the 12-month period while non-retail spending - government services, airline tickets, petrol and gas stations and education - rose 29 percent, Majid Al Futtaim, the...