“To achieve our climate objectives, every segment of the economy, including retail, must work towards a greener future. The upcoming COP28 will see UAE businesses actively participating, not just observing. They will demonstrate that businesses are integral to the climate solution,” she adds.
Retail sales rise on back of online platforms
Grocery and fashion are the most significant in-demand categories during the holy month. The two sectors are expected to see the most significant surge as 87% and 70% consumers are planning an increased spending.
What are the most recent retail trends?
With the retail sector rebounding in the UAE, Cyrille Fabre, a partner and director with the Middle East arm of Bain & Company, highlights what’s fueling the growth.
GCC: Covid ushering in a cash-free future
About 61% of the UAE consumers are opting for cards or digital wallets instead of paying in cash, a joint study by Dubai Economy and Visa has pointed out.
