BMI View: Kuwait’s consumer electronics market remains one of the most dynamic in the region. Strong sales were reported by retailers during the peak festival shopping season of Ramadan, in July and August 2013; with retailers running promotions on smartphones and other popular items. Spending on digital electronic lifestyle items has stayed robust over the last few years, supported by recurrent salary hikes and handouts, as well as low interest rates and abundant liquidity conditions. We expect these trends to continue over the coming quarters, with the rate of planned purchases of durable goods reaching a record high in May, …
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