Consumer spending to rise by 4.3%; Consumer price inflation to reach 2.3%; Migration leading to rise in remittances; Women in the workforce growing
consumer spending
Latest in consumer spending
Consumer goods
UAE consumer spending hit $3.7bn in Q3 as shoppers move online and seek quick commerce
UAE consumer spending increased by 4.8 per cent compared to same period last year
Buy now Pay later
Ramadan shopping: Tabby records over $43mn in UAE, Saudi Arabia sales in a single day
Compared to 2023, Tabby saw a 195 percent surge in sales volume for the single day
consumer behaviour
Revealed: International Women’s Day to drive 230% spike in UAE online gift orders this year
The average spending on gifts in MENA in 2024 is also seen rising to $37.1, with the UAE topping the table in the region with an average order value of $60.5
consumer behaviour
Majid Al Futtaim Lifestyle reveals rise of influencer marketing, consumer spends, upcoming trends
Influencers are growing to be “potent marketing tools” with no signs of decline, the report says
consumer spending
Inside the business of love: Companies cash in on Valentine’s Day as consumer spending hits billions
Consumer spending this year for Valentine’s Day is expected to be in the highs of $25.8 billion
consumer spending
Millennials are no longer victims of bad luck and economic downturn
Tough times forged resilient millennials. The 2008 crisis may have hit them hard, but it also spurred their adaptability, experts say
AB Majlis
AB Majlis podcast: Unraveling the psychology of debt and ‘financial quicksand’
The GCC’s high credit card interest rates can become “financial quicksand” if consumers are not careful, says Carol Glynn on an episode of AB Majlis
consumer spending
UAE emerging preferred gateway for global brands to tap into the $1.5 trillion MENA consumer spending market
The UAE’s digital sector is projected to grow at a faster clip of over 16 percent CAGR for the next six years
Abu Dhabi
UAE millennials overspend, fail to save: Top 3 errors causing financial ruin
Millennials need to stop blaming the economy for their financial woes and start by breaking these 3 money habits
Abu Dhabi
UAE shoppers slash toy spending amid global inflation spike
A significant portion of UAE consumers have experienced a decrease in disposable income over the past year
China
China to create 12 million jobs, confident of economic rebound this year
China’s planning officials said they plan an array of measures to meet goals announced Sunday by Premier Li Keqiang by raising incomes and encouraging innovation
Brand View
e&, Mastercard announce new partnership across 16 Middle East, Asia and Africa markets
Customers will benefit from new digital finance technology
consumer spending
Valentine’s Day spending to be highest ever in 2023
Expected spending is set to reach $25.9 billion – up by $2 billion compared to last year
consumer behaviour
UAE shoppers concerned by economy, plan to spend more anyway
Despite inflation worries and global market volatility, UAE consumers plan to spend big in 2023
Carrefour
UAE supermarket locks prices as inflation spikes cost of living
Carrefour locks in the prices for over 200 products
brand loyalty
Driving loyalty with elevated customer experiences
We should recognise that consumers now have access to a wide variety of products and services, as well as new perspectives on their interactions and brand experiences