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.
Netflix is preparing to make an all-cash offer for Warner Bros Discovery's studios and streaming businesses, a source familiar with the matter told Reuters on Tuesday.
The UAE and Nigeria have signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major step forward in trade and investment relations between the two countries.
The UAE and the Philippines have signed a Comprehensive Economic Partnership Agreement (CEPA) to help fuel a new era of economic cooperation, boost bilateral investment flows, and create opportunities in vital sectors.
Abu Dhabi's Supreme Council for Financial and Economic Affairs has announced the formation of the Board of Directors for L’IMAD Holding Company, chaired by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan.
Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.
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