ARN News Centre

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

DEWA brings electricity and water services to ChatGPT

Dubai residents can now access electricity and water services by asking questions through ChatGPT, after Dubai Electricity and Water Authority (DEWA) expanded its customer support onto the AI platform.
US, India unveil interim trade framework, move closer to broad pact

The US and India have moved closer to a trade pact, releasing an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation as both countries seek to realign global supply chains.
Aldar, Dubai Holding announce next phase of strategic partnership

Aldar and Dubai Holding have expanded their landmark joint venture, adding two strategic land plots in Dubai that will deliver almost 14,000 new homes with a combined gross development value (GDV) exceeding AED 38 billion.
Dubai regulator fines investment firm AED 1.8 million over compliance issues

The Dubai Financial Services Authority has fined Ark Capital Management Limited (Dubai) $504,000 (over AED 1.85 million) for regulatory breaches.
UAE, US sign framework to secure critical mineral supply chains

The UAE and the US have signed a framework on critical mineral supply chains, with plans to finance projects in each country in the next six months.