UAE auto sales may slow
United Arab Emirates: Thursday, November 20 - 2008 at 08:14
Automobile sales growth in the UAE could decline next year when the impact of the global financial crisis hits the region, reported Gulf News. Other factors that are likely to hinder sales growth are job cuts and a slowdown in the local real estate sector, the credit squeeze imposed by banks, perennial traffic congestion on Dubai's roads and tightened rules over the issuance of new driving licences.
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Jeff Florian, Senior ReporterThursday, November 20 - 2008 at 08:14 UAE local time (GMT+4)
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