UAE e-commerce leads the region: Study

Wednesday, 24 July 2019 11:45

The UAE is the most advanced e-commerce market in the Middle East, according to a study by Dubai Economy and Visa.

The report estimates that e-commerce transactions in the country will hit AED 59 billion this year and grow 23 per cent annually.

Many global e-commerce businesses are looking to expand to the UAE.

Initiatives such as emPay digital wallet, launched by Dubai Government offer easy access to digital transaction platforms.

The study also emphasises that the government promoting a cashless economy and greater transparency has boosted online transactions in the UAE.

More from Business

Dubai Business Forum – China to be held in Shenzhen in October

Dubai Chambers will host the Dubai Business Forum – China in Shenzhen on October 14, bringing together government officials, business leaders and investors from the two markets.
UAE-BRICS non-oil trade tops $312 billion

UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has taken part in a meeting of BRICS trade ministers in Jaipur, India, focused on strengthening trade and economic cooperation between member countries.
ADNOC affirms commitment to meeting customer requirements despite challenges

ADNOC says it remains focused on meeting customer needs despite challenging circumstances, following unprovoked attacks targeting its people and assets.
Meta ordered to pay $567 million in New Mexico for teen mental health fund

A New Mexico state court ordered Meta on Thursday to pay $567 million into a teen mental health fund and change how its platforms function for young users after finding the company is to blame for harming children's wellbeing.