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  • Apple Pulling Strings to Make UAE Retail Deal Happen

    With Apple focusing more of its retail attention of the world's largest, most heavily populated, and wealthiest markets, it's little wonder why the United Arab Emirates ranks high on the priority list for the iDevice maker.

    With a ravenous mobile tech population emerging inside of the UAE, Apple is eager to grow its presence there. And based on the latest buzz surrounding said aspirations, the Cupertino, California-based tech giant may soon have two new Apple Stores to boast of inside the UAE.

    Bloomberg is reporting that Apple has been "granted an exemption from foreign ownership laws in the United Arab Emirates." As a result, the company will retain total control over its operations inside of the UAE.

    Of course, this isn't yet an official announcement either from Apple or authorities inside of the UAE. But sources in-the-know say Apple is getting what it wants to make the two new retail stores happen.

    And, all told, it could be very good for business at Apple.

    "There are about 17 million active mobile subscriptions in the U.A.E. and 61 percent of them are smartphones," Bloomberg reports, citing info from the Telecommunications Regulatory Authority.

    Source: Bloomberg
    This article was originally published in forum thread: Apple Pulling Strings to Make UAE Retail Deal Happen started by Michael Essany View original post