ARE UAE CONSUMERS OVERCOMING THEIR CONCERNS OVER SPENDING? Just about every other resident in the UAE has plans to travel – either during Ramadan/Eid or immediately thereafter during the Summer break. If one goes by the dictum that travel is the one expense that consumers cut when inflation worries stalk them, then residents in the UAE don’t seem to be harboring any such concerns. They are making their travel plans, and moreover, paying to meet those plans. No cut backs there. Even if that means they will be spending extra as travel costs rise. As the end of the first quarter of 2023 nears, the UAE consumer seems to have replaced end-of-year anxieties with bullishness - tinged with various shades of caution. (By Manoj Nair, Business Editor)
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