Global Outlook

 The United Arab Emirates (UAE) has started preparing for the holy month of Ramadan. The residents have been stocking up on their essentials for Ramadan 2023. Supermarkets and retail stores across the UAE are offering huge discounts and special offers on various products for the holy month.  Carrefour, a French multinational retailer in the UAE, started a Ramadan campaign to offer 50% discounts on more than 6,000 products. Bernardo Perloiro, Chief Operating Officer-GCC, Majid Al Futtaim Retail, reportedly said, “We see a rise in the shopping of food items, especially essential ingredients like cooking oil.” Ramadan in the UAE will begin on March 23. It is the most auspicious time of the year for Muslims across the world. Ramadan is the ninth month of the Islamic calendar, which is celebrated by Muslims worldwide with excitement, happiness, pomp, and grandeur. Ramadan is marked as a month of hope, happiness, prayers, fasting, reflection and community. Muslims observe fast along...