Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

Dubai allots some 18,000 e-trader licenses in five years

The UAE's non-oil foreign trade amounted to AED527.5 billion in the first quarter of 2022. AFP/File
By TRENDS Desk
April 25, 2022 10:25 pm
  • Of the total licenses issued, 13,671 are professional, while 4,342 are commercial licenses
  • In Dubai, an e-trader license allows freelancers and startups to conduct business activities online and across social networking accounts

Dubai has allotted some 18,013 e-trader licenses during the last five years, according to a government report.

A statement issued by the government of Dubai said that the growth in the number of e-trader license issuances reflects the emergence of e-commerce as an important economic activity in the emirate.

Of the total licenses issued, 13,671 are professional, while 4,342 are commercial licenses.

In the first quarter of 2022, Dubai issued 1,605 licenses.

In Dubai, an e-trader license allows freelancers and startups to conduct business activities online and across social networking accounts.

With an e-trader license, the licensee cannot open a shop/store but can avail of three visas if the ownership is 100 percent Emirati and legal liability falls under the license holder.

[adinserter block="5"]

Most Read

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]