INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

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.