Consumer confidence in UAE falls

Optimism among consumers in the UAE fell sharply in the last quarter of 2009, according to a new survey by Nielsen Company. The UAE was one of the few countries in the world which had seen a resurgence in consumer confidence in the third quarter of last year, despite the global recession, the report said. However, the UAE's Consumer Confidence index fell 10 points in Q4 on the back of Dubai World's request for a six-month extension on debt payments, the report said.