Arab Today, arab today weakening euro offers uae consumers a price advantage
Last Updated : GMT 15:09:25
Arab Today, arab today
Arab Today, arab today

Weakening Euro offers UAE consumers a price advantage

Arab Today, arab today

Arab Today, arab today Weakening Euro offers UAE consumers a price advantage

UAE consumers
Dubai - WAM

The weakening euro is leading to a rather positive outcome for consumers in the UAE as the prices of European food and beverage imports are expected to climb down in the coming months, a United Arab Emirates newspaper has said.
The 16 per cent drop of the euro against the dollar over the last year and the 4.3 per cent drop over the last month means that many of the commodities on the food shelves should become cheaper in time to come," the English language daily Gulf News said in a commentary yesterday.
Supermarket chains in the UAE have said that they expect about a 10 per cent reduction in prices for consumers despite the fact that overhead costs would remain the same.
"This is as it should be because the benefits of any such economic activity in the market, especially when in favour of consumers, must deliver concrete results for the latter and not just remain advantageous to retailers and wholesalers," the paper noted.
Happily for consumers, it continued, a weakening currency leads to competitiveness in the market and offers a wider choice for price points, thus disadvantaging retailers who insist on maintaining high prices despite the savings they stand to make

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today weakening euro offers uae consumers a price advantage Arab Today, arab today weakening euro offers uae consumers a price advantage

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today weakening euro offers uae consumers a price advantage Arab Today, arab today weakening euro offers uae consumers a price advantage

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday