At least 43 per cent of surveyed UAE consumers are shopping less in stores despite an easing of restrictions across the country.
That's according to a survey conducted by Dubai Police, Dubai Economy and Visa as part of the ‘Stay Secure’ campaign designed to raise awareness about online safety.
The study showed that ecommerce sites that allow and display customer reviews, seamless refunds and a variety of payment options performed better in building high levels of consumer trust.
It also reported an uptick in consumer trust online, which comes after an earlier survey from the same campaign revealed that four in 10 consumers experienced online fraud in the past year.
According to the new stats, more than a third (37 per cent) of UAE consumers would rather switch retailers or shop on another site (35 per cent) than wait if there were delays in completing their online purchase.
Furthermore, almost one in two consumers abandon their shopping cart if they experience a delay or authentication error.
A majority (57 per cent) are also more open to store their card information on merchant sites if this helps to improve or speed up their shopping experience.
Japan's economic stimulus package is set to include tax cuts to spur investment focused around 17 key industries, including AI and semiconductors, and multi-year budget allocations to make policy more predictable, the Nikkei newspaper reported.
Family businesses remain a vital force in the UAE’s economy, contributing around 60 per cent of the country’s GDP, providing more than 80 per cent of jobs, and making up nearly 90 per cent of all private sector companies.
Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.
Microsoft has expanded its global skilling initiative - Elevate - to equip more than 250,000 students, staff and faculty and more than 55,000 government employees in the UAE with AI skills.
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