Arab shopping spree boosts UK shops
Well-heeled Middle Eastern shoppers increased their spending by half in the UK last month, making them the most important group for retailers from outside the European Union.
This was largely driven by shopping around the time of the Muslim Eid al-Adha festival in late October and follows a similar boost from Ramadan in August.
People from the Middle East, including Bahrain, Iran, Iraq, Jordan and Saudi Arabia, spent 50 per cent more in the UK in October than in the same month last year, according to the research firm Global Blue.
Their expenditure in London rose by 27 per cent last month, with luxury and designer brands in the capital's West End being the biggest beneficiaries.
Richard Brown, vice-president of Global Blue UK, said: "These October spend results follow the 60 per cent year-on-year boost of pre-Ramadan sales from Middle Eastern shoppers in July, and highlight these important dates for Middle Eastern travel and spend in the UK."
Across the UK, Middle Eastern shoppers accounted for 26 per cent of non-EU spend in October, making them the biggest spenders from outside Europe.
Mr Brown said: "In a tough domestic retail climate, retailers welcome the spending power of the Middle East, who can spend in excess of £1m on individual items."
- 1 Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
- 2 How to turn off/stop 'seen by' on Facebook: Disable it to make your chats seem less passive aggressive
- 3 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 4 'We're not heroes, just tourists': Swedish police officers on holiday stop vicious assault on New York subway
- 5 Buckingham Palace guard who attacked passers-by in 'most most violent piece of CCTV footage' police officer had seen walks free
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
Rupert Murdoch berated Sun journalists for not doing enough to attack Ed Miliband and stop him winning the general election
iJobs Money & Business
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50000 - £55000 per annum: Ashdown Group: Business Analyst - Financial Service...
£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is the o...