"Alarming" consumer splurge threatens UAE economy
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20080629/2008_06_29t030047_450x297_us_emirates_spending.jpg?x=130&y=85&q=85&sig=OoywqXt.Q2X24nINphKiCg--" align="left" height="85" width="130" alt="A jeweller fixes his wares in the window display at the Gold Souq in Dubai June 25, 2008. Rampant consumerism in the United Arab Emirates -- home to Dubai, the self-styled capital of conspicuous consumption -- could damage the economy and hinder the Gulf oil producer's efforts to become self-reliant, a government report said. (Majed Jaber/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080629/bs_nm/emirates_spending_dc)Reuters - Rampant consumerism in the United Arab
Emirates -- home to Dubai, the self-styled capital of
conspicuous consumption -- could damage the economy and hinder
the Gulf oil producer's efforts to become self-reliant, a
government report said.</p><br clear="all"/>
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