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UAE is fastest growing e-commerce market in Mena: Report

DUBAI / WAM The UAE is the most advanced e-commerce market in the Middle East and North Africa (Mena) region, according to a joint study by Dubai Economy and digital payment solutions leader, Visa, titled the “UAE eCommerce Landscape”. The study also estimates that e-commerce transactions in the country will hit $16 billion (AED59 billion) in 2019 and grow 23 ...

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DP World reports stable volume performance

DUBAI / WAM DP World PLC handled 35.8 million twenty-foot equivalent units (TEU), across its global portfolio of container terminals in the first half of 2019, with gross container volumes growing by 0.5 percent year-on-year on a reported basis and 0.5 percent on a like-for-like basis. Its strong performance across Asia Pacific, the Indian Subcontinent and Africa drove growth in ...

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Hub71 launches accelerator program to boost startups

ABU DHABI / WAM Hub71 and Techstars announced the launch of the Techstars Hub71 Accelerator Programme in Abu Dhabi, where 10 start-ups will undergo an intensive 13-week programme that will conclude with an investor Demo Day and the opportunity to receive funding to grow their businesses. The programme serves as an opportunity for start-ups to accelerate their business model and ...

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