Coronavirus: UAE reports 314 Covid-19 cases, 300 recoveries, 1 death

The UAE Ministry of Health and Prevention on Monday reported 314 cases of the Covid-19 coronavirus, along with 300 recoveries and 1 death.

UAE residents have resumed spending on clothing, petrol, dining out and luxury goods as Covid restrictions and fuel prices drop, according to a new survey. Consumer spending is back on track as the UAE economy recovers and more jobs and growth opportunities come up for residents.

A new survey released by Friends Provident International showed that UAE consumers are unlikely to axe their spending on non-essential food items like chocolates, biscuits/ cold drinks as only three per cent of respondents plan to cut spending on such items over the next three months. Only two per cent said they would cut expenses on a new or economical car, holidays, non-essential personal care products and entertainment activities.

Interestingly, 99 per cent of UAE consumers are in favour of keeping their expenses on mobile, Over the Top (OTT) services such as Netflix, beauty products, gym membership, home furniture, and home electronics.

Meanwhile, companies have begun encouraging their employees to work from the office due to a drop in Covid-19 cases and ease in restrictions related to the pandemic, say recruitment and human resources consultant firms.

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