Commercial Bank of Dubai, one of the leading banks in the UAE, announced the opening of its Digital Lab at the Dubai International Financial Centre (DIFC) Innovation Hub, the region’s largest innovation ecosystem.
Gulf Countries See Spike In E-Commerce Activity And Innovation forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
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GCC to spur Measa e-commerce market growth to $148.5b by 2022
Amna Lootah, assistant director general, Dubai Airport Free Zone Authority, and a board member at Dubai CommerCity.
Supplied photo
E-commerce has experienced a significant leap during the Covid-19 pandemic with the Gulf region witnessing a 214 per cent year-on-year increase in cross-border online sales by mid-year 2020.
The e-commerce market in the Middle East, Africa and South Asia (Measa) will grow to $148.5 billion by 2022 with the Gulf region driving this surge with a more than treble jump in online sales, a new study has revealed.
The study shows that e-commerce has experienced a significant leap during the Covid-19 pandemic with the Gulf region witnessing a 214 per cent year-on-year increase in cross-border online sales by mid-year 2020.