Dubai's luxury stores take hit as Mideast war drags on [Yahoo! Finance]
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Source: Yahoo! Finance
Rows of luxury boutiques line an upmarket Dubai mall, yet a month into the Middle East war their sales staff sit idly, phones in hand, watching for the rare customer. Salespeople in immaculate suits say they have been told not to speak to reporters, but one briefly described the mood. "Of course, there are fewer customers, especially tourists," the salesperson told AFP. "Locals still come. "Luckily, we have a strong local clientele and no one is panicking." This glamorous playground for the world's rich has taken a hit since the start of the US-Israeli offensive against Iran on February 28. Dubai, long known for its peace and stability, has been targeted frequently by Tehran's retaliatory drones and missiles, sending tourists fleeing. One industry figure, requesting anonymity, said the prevailing belief was that "the situation is temporary and will improve soon". Just out of Chanel, one of the few shoppers put it more bluntly: "People shouldn't come (to Dubai) right now
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