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Asian and Arab tourists flock to Germany for high-end luxury shopping

Growing numbers of wealthy tourists from Asia and Arab countries are streaming into Germany to buy up high-end luxury goods, according to new figures seen by Welt am Sonntag.

Dubai luxury goods sales down 45%

DUBAI - Sales of luxury goods in Dubai have dropped about 45 percent since the global economic crisis prompted local shoppers to tighten their purse strings and tourists to rethink spending sprees, a