Dubai becomes a global and regional e-commerce Center

Dubai has become a global and regional e-commerce hub, the gulf newspaper izvestia reported on dec 27.

According to the UAE Telecommunications Authority (TRA), 7 Trust service Providers (TSP) have been licensed to provide electronic signature creation and verification services.

The uae’s e-commerce market was worth 35.6 billion dirham ($9.7 billion) in 2017, up 29 percent, according to Fitch Rating, a leading credit Rating agency.

According to a report released by UNCTAD, the UAE ranks first among the top east and South African regions in online shopping, ranking fourth in the ten developing countries.