Impulse buying and a hoarding mentality can be common habits during difficult times, and experts say that making unplanned purchases helps some people feel they have regained control in the face of the unprecedented uncertainty that has been triggered by the coronavirus pandemic.
“Covid-19 and all that ensued has resulted in many people experiencing mental health concerns such as low or anxious moods, engaging in addictive behaviours,” says Dr Saliha Afridi, clinical psychologist and managing director of Lighthouse Arabia.
“Resorting to shopping to alleviate their low or anxious mood is not something we have observed more or less of, but it would make sense because many people struggle with retail therapy and chase the dopamine release that comes with spending money and chasing the next high.”
An Amazon Mena representative said there was an increase in online shopping for everyday products such as household staples, groceries and hygiene items, including face masks and disinfectants, in the early days of Covid-19.
However, over the past few months, there has been an increase in lifestyle categories that reflect current trends, such as working from home. Other categories that have seen an increase in sales include kitchen, entertainment and sports products, the Amazon representative adds.
Ali Kafil-Hussain, chief of staff at online shopping site noon.com, says: “At the height of the pandemic, we saw spikes in sales for personal care products, supplements, household essentials and personal protective equipment.”
“When remote working became standard and people started spending even more time at home, we saw an increase in sales for home office equipment, garden and balcony furniture, backyard pools, video games and gym equipment.”
Worldwide spending patterns suggest that people usually fall into two categories during a recession: those who spend and those who save. “Many people felt no desire or need to spend money because they did not need new clothes or shoes as they were not going out as much. However, these individuals may have felt more comfortable shopping online for home appliances, books and home renovation projects,” says Dr Afridi.
She adds that there are others who struggle with difficult feelings and may resort to addictive behaviours, such as shopping or eating to feel numb. “These people may not consider their budget when they spend. This is where they can get themselves into debt because they are spending to avoid negative feelings, not because they have the money or they need/want something,” Dr Afridi says.
Many people struggle with retail therapy and chase the dopamine release that comes with spending money and chasing the next high
During the height of the UAE's stay-at-home measures, many retailers offered discounts or other promotions to keep consumers spending through the pandemic. But those who availed of the offers may now find themselves with high levels of debt and struggling to make repayments, says Chris Keeling, a chartered financial planner at The Fry Group.
“Some who took loans or other forms of borrowing just before or during the pandemic could now be regretting their decision as many have found themselves with a change of circumstances, whether that be personal or professional, with many either needing to relocate, facing a salary reduction or a job loss,” Mr Keeling adds.
Here, we talk to UAE residents about their top spending regrets during Covid-19.
1. Exercise equipment
The popularity of working out at home spiked during the pandemic because gyms were closed, leading to a number of UAE residents buying home exercise equipment to continue their routines. A majority of purchases included exercise bikes, treadmills, weights and dumbbells, which many now admit are lying around unused after gyms reopened.
“With gyms being closed and seeing a lot of people on my social media feed working out at home with weights, I decided to jump on the bandwagon and purchase two kettlebells for Dh200 in total,” says Zainab Nalla, a British expat in Dubai.
Although Ms Nalla regrets buying the kettlebells during Covid-19 because she no longer uses them, she has repurposed them as doorstoppers.
2. Clothes and shoes
As working from home became commonplace during the pandemic, a majority of UAE residents relegated their corporate clothes to the recesses of their wardrobes and switched to leisure wear.
Choden Bhutia, an Indian expat, regrets buying a lot of casual wear and shoes during sales in Dubai amid the pandemic. “Being unable to use them frustrates me as we do not go out and have a social life like before.”
Ms Bhutia spent a few thousand dirhams on her purchases. "It can be considered as a form of stress buying as we were confined to our house. I rarely use these clothes and shoes now, but maybe in the future," she tells The National.
3. Home gadgets
With people spending more time at home, it provided the perfect opportunity for some UAE residents to put their cooking skills to the test, resulting in a spike in the sale of kitchen equipment.
Indian expat Diana Dsouza succumbed to this trend and decided to learn how to bake during the pandemic. She purchased a conventional oven for Dh400 in July and has been baking ever since for her family.
“I regret buying the oven because after I started using it, I have gained 5 kilograms and developed cholesterol. I still use it to bake unhealthy stuff. After this purchase, I was forced to buy an Apple Watch to keep a tab on my health,” Ms Dsouza adds.
Meanwhile, Rebecca Wright purchased a cordless vacuum for about Dh3,000 during the stay-at-home restrictions to keep on top of the cleaning when her maid couldn’t come to work. “By the time the vacuum was delivered over a month later, my maid was able to come again and now it sits unused in the box. I regret buying it,” says Ms Wright.
4. Theme park annual pass
With UAE theme parks closed for several months during the movement restrictions, Javaria Haq, a Pakistani expat and blogger, regrets buying an annual theme park family membership for IMG Worlds of Adventure for almost Dh400, which she purchased just before the movement restrictions.
“This is a wasted purchase because the theme park has neither given us a membership extension nor reimbursed us for the days we missed out owing to the stay-at-home measures. The membership has already expired,” Ms Haq adds.
The family also subscribed to the Dubai Entertainer app in January for Dh495. However, with a limited amount of restaurants only offering takeaways during the pandemic and the family preferring to dine indoors for safety reasons, they have not used the app much. “The membership will expire by the end of the year,” Ms Haq adds.
5. Self-care kits and make-up
Beauty salons were also closed during the stay-at-home restrictions and even after they reopened, they faced restrictions on their services to protect customers. This resulted in a spike in sales of self-care items such as nail care kits, do-it-yourself waxing sets and face masks. However, with beauty salons reopening and services being restored, these products now remain idle.
With face masks mandatory while stepping out now, I regret buying all those lipsticks
Just before the pandemic struck earlier this year, Sharjah resident Anima Puthukudi wanted to give herself a makeover and splashed out on a variety of lipsticks, spending about Dh300 on her haul of make-up. "With face masks mandatory while stepping out now, I regret buying all those lipsticks," she tells The National.
6. Suitcases
Travel has taken a big hit during the pandemic. However, many UAE residents say they regret buying travel planners, air tickets, travel insurance and holiday packages.
Ms Puthukudi’s four-member family had plans to travel to India and purchased trendy suitcases for her children worth Dh900, which have never been used.
7. House upgrades and new cars
Some UAE residents upgraded their residential accommodation just before the pandemic, only to find themselves regretting the higher spend later. Sharath Premkumar moved to a bigger apartment in Dubai Hills Estate just before the pandemic-induced restrictions were introduced.
“I moved into a new house in February, which translated into a much higher rent. So, I feel a move at this time was not a good idea,” he said.
Mr Premkumar also bought a new premium car in February. In hindsight, he says he should have waited before making this purchase.
8. Staple food items
Although the UAE did not face a shortage of canned food and toilet paper, as was witnessed in other parts of the world in April, some consumers resorted to hoarding staple household goods to ride out the pandemic, thus causing a temporary shortage of some products in grocery stores.
Ms Nalla recalls visiting a supermarket during the initial days of panic buying, only to see that the store had temporarily run out of products such as chicken, eggs, pasta and pasta sauce.
“We did the same the next day and bought 10 bags of pasta, several bottles of pasta sauce, cereals and cereal bars. We eventually finished using them, but in hindsight, we should not have resorted to panic buying,” she adds.
9. Home office supplies
In mid-March, most UAE employees were asked to work remotely. Often spending eight or nine hours a day working from home, they soon realised that slouching on sofas and beds with their laptops perched on their knees was an ergonomic health hazard.
Prioritising comfort, UAE residents purchased work desks and ergonomic chairs, backrests, standing desks, printers, wireless headsets, wireless keyboards and even accessories to decorate their home office.
“Working from home on a couch was painful during the lockdown. I purchased a comfortable chair and table for remote working,” says Mithun U. “Now, I have to work from office completely and my home office is a wasteful purchase.”
10. Toys and games
The school closures in the UAE during Covid-19 forced parents to think of new ways to keep their children occupied at home. From jigsaw puzzles to crosswords, dollhouses, indoor play tents, board games, piano mats, racing car tracks and video games, parents were doing all they could to keep their children occupied and entertained. Ms Puthukudi says she paid Dh150 to buy new craft supplies for her children, but after the initial excitement, the children moved on to other games and the craft items have been forgotten.
Sweet%20Tooth
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Company profile
Name: Tratok Portal
Founded: 2017
Based: UAE
Sector: Travel & tourism
Size: 36 employees
Funding: Privately funded
In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press
The%20specs
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GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Intercontinental Cup
Namibia v UAE Saturday Sep 16-Tuesday Sep 19
Table 1 Ireland, 89 points; 2 Afghanistan, 81; 3 Netherlands, 52; 4 Papua New Guinea, 40; 5 Hong Kong, 39; 6 Scotland, 37; 7 UAE, 27; 8 Namibia, 27
The major Hashd factions linked to Iran:
Badr Organisation: Seen as the most militarily capable faction in the Hashd. Iraqi Shiite exiles opposed to Saddam Hussein set up the group in Tehran in the early 1980s as the Badr Corps under the supervision of the Iran Revolutionary Guards Corps (IRGC). The militia exalts Iran’s Supreme Leader Ali Khamenei but intermittently cooperated with the US military.
Saraya Al Salam (Peace Brigade): Comprised of former members of the officially defunct Mahdi Army, a militia that was commanded by Iraqi cleric Moqtada Al Sadr and fought US and Iraqi government and other forces between 2004 and 2008. As part of a political overhaul aimed as casting Mr Al Sadr as a more nationalist and less sectarian figure, the cleric formed Saraya Al Salam in 2014. The group’s relations with Iran has been volatile.
Kataeb Hezbollah: The group, which is fighting on behalf of the Bashar Al Assad government in Syria, traces its origins to attacks on US forces in Iraq in 2004 and adopts a tough stance against Washington, calling the United States “the enemy of humanity”.
Asaeb Ahl Al Haq: An offshoot of the Mahdi Army active in Syria. Asaeb Ahl Al Haq’s leader Qais al Khazali was a student of Mr Al Moqtada’s late father Mohammed Sadeq Al Sadr, a prominent Shiite cleric who was killed during Saddam Hussein’s rule.
Harakat Hezbollah Al Nujaba: Formed in 2013 to fight alongside Mr Al Assad’s loyalists in Syria before joining the Hashd. The group is seen as among the most ideological and sectarian-driven Hashd militias in Syria and is the major recruiter of foreign fighters to Syria.
Saraya Al Khorasani: The ICRG formed Saraya Al Khorasani in the mid-1990s and the group is seen as the most ideologically attached to Iran among Tehran’s satellites in Iraq.
(Source: The Wilson Centre, the International Centre for the Study of Radicalisation)
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
THE%20SPECS
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Boston%20Strangler
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What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
COMPANY PROFILE
Company name: Blah
Started: 2018
Founder: Aliyah Al Abbar and Hend Al Marri
Based: Dubai
Industry: Technology and talent management
Initial investment: Dh20,000
Investors: Self-funded
Total customers: 40
'Nope'
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jordan%20Peele%0D%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Daniel%20Kaluuya%2C%20Keke%20Palmer%2C%20Brandon%20Perea%2C%20Steven%20Yeun%0D%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
Non-oil%20trade
%3Cp%3ENon-oil%20trade%20between%20the%20UAE%20and%20Japan%20grew%20by%2034%20per%20cent%20over%20the%20past%20two%20years%2C%20according%20to%20data%20from%20the%20Federal%20Competitiveness%20and%20Statistics%20Centre.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIn%2010%20years%2C%20it%20has%20reached%20a%20total%20of%20Dh524.4%20billion.%C2%A0%3C%2Fp%3E%0A%3Cp%3ECars%20topped%20the%20list%20of%20the%20top%20five%20commodities%20re-exported%20to%20Japan%20in%202022%2C%20with%20a%20value%20of%20Dh1.3%20billion.%C2%A0%3C%2Fp%3E%0A%3Cp%3EJewellery%20and%20ornaments%20amounted%20to%20Dh150%20million%20while%20precious%20metal%20scraps%20amounted%20to%20Dh105%20million.%C2%A0%3C%2Fp%3E%0A%3Cp%3ERaw%20aluminium%20was%20ranked%20first%20among%20the%20top%20five%20commodities%20exported%20to%20Japan.%C2%A0%3C%2Fp%3E%0A%3Cp%3ETop%20of%20the%20list%20of%20commodities%20imported%20from%20Japan%20in%202022%20was%20cars%2C%20with%20a%20value%20of%20Dh20.08%20billion.%3C%2Fp%3E%0A
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
The%20specs%3A%202024%20Mercedes%20E200
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
Best Academy: Ajax and Benfica
Best Agent: Jorge Mendes
Best Club : Liverpool
Best Coach: Jurgen Klopp (Liverpool)
Best Goalkeeper: Alisson Becker
Best Men’s Player: Cristiano Ronaldo
Best Partnership of the Year Award by SportBusiness: Manchester City and SAP
Best Referee: Stephanie Frappart
Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)
Best Sporting Director: Andrea Berta (Atletico Madrid)
Best Women's Player: Lucy Bronze
Best Young Arab Player: Achraf Hakimi
Kooora – Best Arab Club: Al Hilal (Saudi Arabia)
Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)
Player Career Award: Miralem Pjanic and Ryan Giggs
TYPES%20OF%20ONLINE%20GIG%20WORK
%3Cp%3E%3Cstrong%3EDesign%2C%20multimedia%20and%20creative%20work%3A%20%3C%2Fstrong%3ELogo%20design%2C%20website%20design%2C%20visualisations%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBusiness%20and%20professional%20management%3A%20%3C%2Fstrong%3ELegal%20or%20management%20consulting%2C%20architecture%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBusiness%20and%20professional%20support%3A%20%3C%2Fstrong%3EResearch%20support%2C%20proofreading%2C%20bookkeeping%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESales%20and%20marketing%20support%3A%20%3C%2Fstrong%3ESearch%20engine%20optimisation%2C%20social%20media%20marketing%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EData%20entry%2C%20administrative%2C%20and%20clerical%3A%20%3C%2Fstrong%3EData%20entry%20tasks%2C%20virtual%20assistants%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIT%2C%20software%20development%20and%20tech%3A%20%3C%2Fstrong%3EData%20analyst%2C%20back-end%20or%20front-end%20developers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWriting%20and%20translation%3A%20%3C%2Fstrong%3EContent%20writing%2C%20ghost%20writing%2C%20translation%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOnline%20microtasks%3A%20%3C%2Fstrong%3EImage%20tagging%2C%20surveys%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20World%20Bank%3C%2Fem%3E%3C%2Fp%3E%0A
Adele: The Stories Behind The Songs
Caroline Sullivan
Carlton Books
UAE currency: the story behind the money in your pockets
ASSASSIN'S%20CREED%20MIRAGE
%3Cp%3E%0DDeveloper%3A%20Ubisoft%20Bordeaux%0D%3Cbr%3EPublisher%3A%20Ubisoft%0D%3Cbr%3EConsoles%3A%20PlayStation%204%26amp%3B5%2C%20PC%20and%20Xbox%20Series%20S%26amp%3BX%0D%3Cbr%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A