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

Abu Dhabi gets AED55 billion boost for 24 infrastructure projects

Abu Dhabi has greenlighted 24 infrastructure projects under a new AED55 billion public-private partnership that will see the development of roads, flood control systems and education campuses among others.
Abu Dhabi aims for 80% local materials in housing projects

Abu Dhabi plans to increase the use of locally manufactured building materials in housing developments to as much as 80 per cent under a new agreement between two government entities.
UAE Central Bank support package reaches AED 6.2 billion

The Central Bank of the UAE (CBUAE) has announced the key outcomes of its comprehensive support package designed to strengthen the resilience of financial institutions.
Dubai Holding picks 15 scale-ups from 1,400+ applicants for sustainability challenge

Dubai Holding, a diversified global investment company with investments in more than 30 countries, has announced the 15 bold scale-ups selected for its 'Innovate For Tomorrow' impact accelerator programme.