Joint Research Shows an Increase in electronic retail sales locally and internationally

• Ministry of Economy and Abu Dhabi Chamber issue joint research paper on digital trade
• Digital trade market in the MENA region may rise to about USD 57 billion by 2026,

26 May 2024, Abu Dhabi, UAE: The Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) have issued a new joint paper revealing that trends project the growth and prosperity of digital trade activities in the UAE at a compound annual growth rate of 12.3% between 2023 and 2028. The research showed that more than 40% of consumers in the UAE relying on the “buy now, pay later (BNPL)” models and FinTech digital technology systems.

Abu Dhabi Chamber Launches Advocacy Hub to Support the Business Ecosystem in Abu Dhabi

2 February 2024, Abu Dhabi, UAE: The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced the launch of the Advocacy Hub initiative, which involves all segments of the private sector, enhancing its engagement and bringing positive change in the business system.

The Advocacy Hub aims to support and empower the private sector. It represents an ideal opportunity to facilitate communication between businesses and government agencies. The initiative will boost the private sector’s voice, promote constructive dialogue through the exploration of noteworthy developments from the business community, proposing innovative solutions to address challenges, and the provision of a platform for proposing ideas and recommendations on policies and legislation. This in turn will contribute to advancing the private sector towards new developmental horizons, enhancing the appeal of the business environment, and consolidating the competitiveness of the Emirate’s economy on local, regional, and global levels.