Ras al-Khaimah Economic Development Department has launched a range of recent incentives that include the “Virtual Merchant Licence Initiative,” WAM reported.
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Ras al-Khaimah Economic Development Department has launched a range of recent incentives that include the “Virtual Merchant Licence Initiative,” WAM reported.
More than 1 million UAE consumers were victims of online shopping scams alone in 2017, losing a total of AED 321 million according to the 2017 Norton Cyber Security Insights Report, released by Norton by Symantec.
The initiative has been developed by an integrated organisation that will enable greater foreign direct investment, FDI, in the e-commerce sector to flourish in Dubai.
Globally, retail e-commerce is expected to increase to 14.6 percent of total retail, with a market volume of more than $4 trillion, according to a report by eMarketer.
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