Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

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.