As many as 1,404 consumer complaints related to e-commerce transactions were registered during the month of May, marking a 228 per cent increase during the same period last year.
That's according to the Commercial Compliance & Consumer Protection (CCCP) sector at the Dubai Economy, which said 64 per cent of complaints were recorded on the ‘Dubai Consumer’ app.
Thirty per cent were through the website, while the remaining 6 per cent came through the call centre (600545555).
Emiratis accounted for 34 per cent of the complaints, followed by Saudis (28 per cent), Egyptians (10 per cent), Jordanians (5 per cent), and Indians (4 per cent).
Ahmad Al Zaabi, Director of Consumer Protection in the CCCP sector, highlighted that cashback complaints amounted to 27 per cent of the total e-commerce complaints, followed by non-compliance with terms of the agreement (26 per cent), and non-compliance with after-sales service (13 per cent). Late deliveries also featured in the complaints, with Al Zaabi urging website owners to stick to a realistic timeline.
The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.
UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).
China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.
Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.
US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.