Tag: Consumer Spending
UAE Residents to Spend 2024 Bonus on Retirement, Real Estate
As the UAE's workforce eagerly anticipates their annual bonuses, a recent survey by market research company YouGov, commissioned by Zurich International Life, part of...
Younger Tech-Savvy MENA To Raise E-Commerce Spend by 15% in 2023
100 million new digital users are expected in MENA over the next five years.
The region’s digital economy is expected to be valued at $500...
UAE Retail Economy Q4 Report: Consumer Spending Growth 19% in 2022
Key findings from the report include:
The UAE recorded its strongest GDP growth since 2006, actualising to 7.9%
Increases in consumer spending were noted in the...
In-Restaurant Dining Records Strong Recovery in UAE
Dine-in spending returns to pre-lockdown levels.
Quick Bites restaurant category records most growth.
Cafés, European and Middle Eastern outlets see most spending in Q1 2021.
The UAE's...
Uncovering UAE Consumer Spending Attitudes in The Pandemic
Study shows more than 70% of consumers prefer cashless payment options for a major part of their monthly spending
Abu Dhabi-based innovative fintech enterprise PayBy...
Global Growth Outlook Stabilized; What’s ahead in 2020?
Global financial conditions have improved across the world, although rising debt levels pose a future threat.
An uneasy cessation of trade hostilities between...
Consumer Spending in Islamic Economy Sectors Totals US$2.2 Trillion
Islamic economy registers 5.2 per cent growth over previous year
UAE ranks first across five of seven Islamic economy sectors
Investments in Islamic...
Love is in the Details: UAE Consumers Plan Ahead for Valentine’s...
Annual study from Mastercard indicates the majority of gift purchases take place three days before February 14, and highlights a growing preference for...
Consumers Plan to Spend 4.1% More During This Holiday Season
Consumers say they will spend an average of $1,007.24 during the holiday season this year, up 4.1 percent from the $967.13 they said they...
UAE Loves to Say It with Flowers on Valentine’s Day
Overall spend on flowers in the UAE has increased by 146% vs. 2015 with the number of transactions increasing by 158%
Consumers in the UAE...
Amazon Prime Hits 90 Million; Online Holiday Spending To Surpass In-store
Deloitte is predicting that this year, people expect to do 51% of their holiday spending online, making it the first time it may surpass...
UAE Consumer Confidence Rose to 110 – Highest Regionally
United Arab Emirates (UAE) posted a consumer confidence increase of two points in the second quarter, reaching an index score of 110 -- the...
Online shopping set to make holiday history
Retailers could see record web traffic this year, according to Deloitte’s 31st annual holiday survey of consumer spending intentions and trends. Among the findings...
Spend on Consumer Packaged Goods Slowing in Key GCC Markets
The United Arab Emirates (UAE) and Kingdom of Saudi Arabia (KSA), key markets in the GCC region, have undergone significant change in the last...
Tough times for UAE retailers; Consumers spend on out-of-home dining
The retail sector in both Dubai and Abu Dhabi saw no noticeable growth during first half of 2016, according to Knight Frank.
Demand remained subdued...
2016 Ramadan Consumer Behaviour
Price offs and discounts to attract 78% of consumers in the UAE, Egypt and Saudi Arabia to spend more on food and drink...
End-user spending on devices to decline in 2016
Businesses Will Adopt Windows 10 Faster Than Previous Windows Upgrades; PC Market to Increase 4 Percent in 2017
By End of 2016, 82 Percent of...
Consumers Behavior towards Digital Downloads Revealed
While the gap between digital and physical sales has closed on the global markets, there are still countries where consumers prefer to invest in...