Euro drop should mean cheaper GCC luxury prices

Ajay Dayal, chief executive officer of Tridayle Consulting, which advises big retailers on their import strategy, speaks to Gulf News, said consumers in the UAE can expect cheaper prices for imported goods. The recent drop of the euro to a nine-year low should have the knock-on effect of making imports cheaper for import-based economies in the GCC, according to a trading expert.  “Since we are an import-based economy, the falling euro is good news for us. So not only prices of food items would come down, cost of watches, and luxury items etc would also come down,” said Dayal.