Abu Dhabi / WAM The e-commerce business sector was issued the highest number of licences in the UAE in May. Data from the National Economic Register, in coordination with relevant economic authorities, showed that 196 licences were issued for e-commerce retail businesses in May. The first five months of the year saw a 300 percent increase in consumer demand for ...

Dubai / WAM Dubai International Financial Centre (DIFC) announced on Monday that it has invested in four fintech start-up companies. According to a DIFC press statement, the investment reflects the centre’s commitment to driving the future of finance and is part of the $100 million FinTech Fund launched in 2019. The FinTech Fund was launched to help establish, grow and ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) announced that it has launched an e-contract and e-signature system which will enhance the issuance of economic licenses for one person companies (OPC) and limited liability companies (LLC). The initiative seeks to hasten the issuance of licenses for applicants through obtaining a certified Memorandum of Association (MoA) via ...