The Dubai government and e-commerce platform Noon are partnering on a new programme to back Emirati e-commerce businesses as part of efforts to grow the local digital economy.
The programme will connect start-ups owned by UAE nationals that have a DED Trader licence with customers across the region through the Mahali online store on Noon.com, Dubai's Department of Economic Development said in a statement on Tuesday.
The programme will also provide Emirati entrepreneurs with access to business expertise, sales analytics, content creation and marketing support.
"Through our partnership with Noon, we provide local start-ups, such as DED Trader licence holders, the ability to conduct business activities electronically and accelerate their pace of growth," Omar Al Meheiri, director of follow-up and development in the department's Business Registration and Licensing arm, said.
Prior to the Covid-19 pandemic, e-commerce in the Middle East and North Africa was gathering momentum, spurred by high internet penetration rates and a young, digitally-savvy population. The size of the e-commerce market in the region was expected to grow at a compounded annual rate of 28 per cent to $28.5 billion (Dh104.68bn) by 2022, up from $8.3bn in 2017 according to a joint study by Google and Bain & Company. As the pandemic prompted governments to impose restrictions to curb the spread of the virus, people working from home increasingly turned to online shopping, accelerating the growth of e-commerce in the region and spurring new digital businesses.
The pandemic has shifted UAE consumer habits, spurring a preference for shopping online and boosting e-commerce sales.
A study by Visa, Dubai Police and Dubai Economy in June found 68 per cent of respondents surveyed in the UAE had shopped less at physical stores since the coronavirus outbreak began while 49 per cent were shopping online more. Of those increasing online purchases, 61 per cent are using cards and digital wallets to pay instead of cash on delivery.
The new programme with Noon aims to help Emirati start-up founders take their businesses online to reach new customers.
Noon will be "offering immediate access to our huge customer database as well as being able to utilise tools such as Noon’s safe payment gateway and established logistics and fulfilment network," Noon executive Mansoor Al Ghurair said.
“Mahali will be a practical programme with tailor-made courses designed to help small business owners and entrepreneurs thrive."
Dubai recorded an 83 per cent year-on-year surge in the number of e-commerce business licences issued in the first half of the year as consumer demand for online shopping grew during the pandemic. The department issued DED Trader licences to 1,947 new businesses during the first six months of 2020, up from 1,064 in the same period a year ago, it said in July.
The number of licences approved last month rose by 235 per cent year-on-year, with 637 permits issued.
DED Trader licences are e-commerce licences that were introduced by Dubai Economy in 2017. Some 7,798 licences have been issued to date, with 58 per cent of these granted to women.
CHELSEA SQUAD
Arrizabalaga, Bettinelli, Rudiger, Christensen, Silva, Chalobah, Sarr, Azpilicueta, James, Kenedy, Alonso, Jorginho, Kante, Kovacic, Saul, Barkley, Ziyech, Pulisic, Mount, Hudson-Odoi, Werner, Havertz, Lukaku.
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
MORE ON THE US DEMOCRATIC PRIMARIES
Scoreline
Liverpool 3
Mane (7'), Salah (69'), Firmino (90')
Bournemouth 0
TWISTERS
Director: Lee Isaac Chung
Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos
Rating: 2.5/5
Turkish Ladies
Various artists, Sony Music Turkey
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
The Bio
Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”
Holiday destination: “I like Paris very much, it’s a city very close to my heart.”
Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”
Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
