Consumers may feel the sting of higher prices more acutely than the pinch of a three-quarter point bump in interest rates, experts told Arabian Business
UAE consumers
business outlook
Inflation on the rise in the UAE: Everything you need to know
Impact of growing inflation rates on the region’s economy and businesses, along with expert insights
Alvarez & Marsal
Are UAE consumers driven by quality, cost, or ethics while purchasing products?
Emotion-driven attributes of value such as sustainability and experience are considered the most important to consumers across all retail categories, but there are other factors influencing UAE consumers, as well
Brand awareness
Is it time for brands to abandon ‘consumer education?’
Brands can aim to tap into this behavior rather than trying to educate consumers on their terms
customer communications
To survive and thrive, UAE enterprises must uncover and address customers’ pain points
Five ways in which customers’ financial, process, and support pain points can be addressed effectively
Brands
Five steps to establish your enterprise as a customer experience leader
The link between customer experience (CX) and business performance is tangible, with CX leaders demonstrating revenue growth that is five times faster than their underperforming competitors
bank loans
What will impact UAE consumers more: Rising interest rates or higher prices due to inflation?
The US Federal Reserve’s “aggressive rate hike” is in line with efforts to stop the economy from overheating and reduce inflation that is running at its highest levels in four decades, experts said
agriculture in UAE
UAE leads strong charge to fix broken food systems, feed millions, and address climate change, Minister says
Mariam bint Mohammed Almheiri, the UAE Minister of Climate Change and Environment, explains why it has become increasingly critical to spur local production, agri-tech innovation, and support the ease of doing business in order to overcome food security challenges while reducing greenhouse gas emissions
Bernardo Perloiro
UAE consumers feel the pinch of inflation as prices of cooking oil and flour rise
Flour prices surged 40 percent and cooking oil rose 20 percent compared to pre-Covid prices
buying behaviour
Nearly 72 percent of UAE consumers spend 15 minutes on research before buying
New research reveals 8 in 10 of the country’s residents check at least three sources before making a new purchase
Central Bank Digital Currency
Nearly 40 percent of young consumers plan to pay using crypto within the next year: report
More than 50 percent of companies surveyed revealed that at least some employees had expressed an interest in being paid in crypto
brick and mortar business
Predictions for 2022: 6 key consumer trends in the UAE
Consumers have assimilated to the “new normal” and businesses, particularly retailers, in the UAE are adapting to evolving circumstances through flexible operating models that are shaping future trends
consumer habits
One in two UAE consumers to spend more on cross-border purchases during Ramadan: Facebook IQ report
Research by Meta, formerly Facebook, indicates that approximately 64 percent of UAE shoppers are likely to try new brands as they make international purchases during the Holy month of Ramadan and Eid
consumer trends
Three in four UAE consumers typically purchase online; e-commerce market value jumps to $5 billion in 2021
Proactive government policies, trust in online payments, and advanced telecommunication infrastructure have contributed to the e-commerce growth in the UAE, according to a report launched by EZDubai in partnership with Euromonitor International
Abu Dhabi National Oil Company
UAE residents feel ripple effect of Russia-Ukraine conflict as fuel prices rise
The price of fuel, including petrol and diesel, in the UAE have climbed above AED 3 per litre including the 5% VAT, rising by 30 fils on average across the Special 95, Super 98, E-plus 91, and diesel options
cashless economy
AB Talks: Are the days numbered for cash?
Dr. Saeeda Jaffar, GCC group country manager for VISA, unpacks wideranging research that shows only one percent of businesses in the UAE want to keep cash, and many are ready to accept cryptocurrency, among a host of findings
cashless economy
Is cash in the UAE dead? New research reveals how close that RIP is
Close to 94 percent of the country’s consumers say they will continue using digital payments as much as, or more than 2021, and only 1 percent of SMEs expect their business to continue dealing with physical transactions, new Visa research findings indicate