Online stores up by 150% in two weeks

The UAE has seen a 150% increase in the number of e-commerce sites in the past two weeks as people rely heavily on online deliveries.

Figures released by the Telecommunications Regulatory Authority (TRA) show that the number of e-commerce apps rose to 55 as of April 6, compared to 22 two weeks ago. 

Most of these platforms offer consumer goods, medicine, produce and meat. 

According to various market studies, including one conducted by the Ministry of Economy, the evident increase in online shopping this year could lead to a predicted rise in e-commerce business to AED 73 billion. 

More from Business

  • Sheikh Maktoum meets Bank of America's Bernard Mensah

    Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has explored opportunities for cooperation in the banking sector during talks with Bernard Mensah, President of International for Bank of America.

  • Small AI models near self-replication, Anthropic warns

    Small AI models may be only months away from being able to copy themselves onto everyday internet-connected devices, such as smart ovens and cheap Android TV boxes, according to research published by Anthropic on Monday.

  • H.H. Sheikh Hamdan praises progress of Dubai Cashless Strategy

    His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has praised the progress of the Dubai Cashless Strategy, with cashless transactions now accounting for 90.1 per cent of all transactions in the Emirate.

  • DIEZ doubles size of Oraseya Capital fund to AED1 billion

    The Dubai Integrated Economic Zones Authority (DIEZ) has announced the doubling of the venture capital fund managed by its investment arm, Oraseya Capital, from AED500 million to AED1 billion.

Recently Played

Weather

  • Wed

    37°C

  • Thu

    38°C

  • Fri

    38°C

  • Sat

    38°C

  • Sun

    38°C

Podcasts