Consumer complaints have gone up by 39 per cent in Dubai during the third quarter of 2020.
That's according to the Dubai Economy, which said the Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy received 14,274 consumer complaints as against 10,266 during the same period in 2019.
Refunds topped the list, accounting for 28 per cent of the total complaints, followed by non-compliance with the terms of the agreement at 15.85 per cent and product damage or defect at 15.14 per cent.
Customers also complained about damage or defect in products (15.14 per cent), commercial fraud (10 per cent) and non-compliance with after-sales service (6.23 per cent).
Among the sectors impacted, services recorded the highest complaints at 32 per cent, followed by electronics (16 per cent) and eCommerce (12.6 per cent).
Mohammed Ali Rashed Lootah, CEO of Commercial Compliance & Consumer Protection, said: "Dubai Economy is keen on enhancing consumer confidence in the emirate through resolving consumer complaints amicably, thus promoting mutual trust between merchants and consumers. Our awareness programmes are aimed to clarify the rights and duties of consumers as well as merchants, and enhance the principles of transparency in transactions."
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.