EID SALES RIDE UAE'S POST EXPO BOUNCE: More than a month on from the closing of the Expo 2020, UAE’s retail sector has maintained the sales momentum rather than going into a steep drop. If the first-half of April was relatively weak on activity, on account of Ramadan, that’s being compensated by a brisk second-half and peaking nicely during the Eid holidays. Fashion and car sales are leading the way, according to market feedback, while gold and jewellery sales are performing better than one could reasonably hope for given the steep prices of gold. Some of that demand is also being absorbed by gadgets, with tech and electronics retailers helping shoppers with instalment plans. Can post-Eid provide more momentum? For an easy answer, retailers will need to keep tabs on visitor numbers to the country. Residents are already doing their bit to keep the retail numbers ticking... - Manoj Nair, Business Editor
Ahmed Ramzan