INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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
  • 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.