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

DIFC to become world’s first AI Native financial centre

The Dubai International Financial Centre (DIFC) has announced plans to become the world’s first AI-native financial centre.
AB Foods to split Primark from its food businesses

Associated British Foods has decided to separate its Primark fashion chain from its food businesses through a demerger following a review of the group's structure, it said on Tuesday.
Apple turns to hardware veteran Ternus as CEO to succeed Cook in AI age

Apple has named longtime hardware boss John Ternus as its next CEO on Monday, turning to another insider to steer the iPhone maker after Tim Cook.
UAE welcomes Libya's unified budget agreement

The UAE has joined a group of international partners in welcoming a key economic development in Libya.
Dubai strengthens business ties with the Philippines

Dubai Chambers has wrapped up high-level meetings in Manila with key public and private sector leaders, aimed at strengthening trade and investment ties.