DED Signs up With Adcb and Mashreq to Support E-Traders

Press release
Published June 27th, 2018 - 09:21 GMT
Omar Bushahab & Rohit Garg with team
Omar Bushahab & Rohit Garg with team

The Business Regustration & Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, has signed two separate agreements with the Abu Dhabi Commercial Bank (ADCB) and Mashreq Bank to ensure provision of banking services to e-Traders. The agreements will ensure stronger banking support and smooth transactions for holders of e-Trader licenses, launched by DED to regulate and enhance transparency across business activity on social networking sites.

Omar Bushahab, CEO of BRL, signed the agreements with Amr Al Menhali, Head of Islamic Banking, ADCB, and Rohit Garg, Head of Business Banking at Mashreq, respectively.

The e-Trader licence allows Emiratis and GCC citizens aged 18 or above and residing in Dubai to conduct business across social networking sites. The license has thus provided an added marketing channel and e-commerce platform to the business community in Dubai, underlining DED’s commitment to enhance ease of doing business as well as overall competitiveness and sustainability in Dubai.

Background Information

Department of Economic Development

The Department of Economic Development (DED) is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE. The DED supports the structural transformation of Dubai into a diversified, innovative service-based economy that aims to improve the business environment and accelerate productivity growth.

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Nafisa Moataz Mohamed Elmarzouky
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