Mena residents' spending rises during holy month: study

Out of the 3,288 Mena residents polled by market research firm YouGov, six in ten (60 per cent) said they actually spend more money during the fasting season compared to the other months of the year.

Preeti Bhambri, founder of personal finance website MoneyCamel.com, agrees that consumers do prepare large quantities of food for Iftar and to give away to charity. She said that, as the culmination of the holy month is also celebrated by exchanging presents, people buy gifts in advance, or during Ramadan in preparation for Eid.

Published: Gulf News- June 24,2015

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