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Middle Eastern beauty market shows resistance to global recession

As the much-maligned global credit crunch slows sales in Western regions, the Middle East's cosmetics and toiletries market, worth US$7.2 billion in 2008 according to Euromonitor International, appears to be surviving the downturn far better than other regions. Not only was its healthy overall growth of 8% for cosmetics and toiletries the highest that the Middle East had produced in the last five years, it was also one of only a handful of regions that did not record lower growth than that of the previous year.
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