The digital trade activities in the UAE are projected to grow at a rate of 12.3% between 2023 and 2028, a report said quoting a research paper. It said the value of the digital trade in the MENA region is expected to hit $57 billion by 2026.
Federal Decree E-Commerce Law No (14) of 2023 on Trading by Modern Means of Technology (the "E-Commerce Law") came into effect in September 2023, replacing the preceding E-Commerce Law.
The UAE has embraced the digital era with the enactment of Federal Decree-Law No. 14/2023 on Trading by Modern Technological Means. This innovative law aims to regulate and reorganize.