Topic > The Impact of Technology on the UAE Economy

IntroductionThere is no doubt that e-commerce has been steadily increasing in the UAE and has been able to capture the attention of various consumers in recent years. Brands like Visa and MasterCard have gained utmost importance due to this reason and this reveals the fact that more than 50% of people across the world purchase various products and services. The UAE has always been a very important market for consumers around the world (Kessler, 2003). Various factors have influenced the UAE's growth in recent years. The United Arab Emirates is a free port and is rich in oil and gas resources. This made the country economically strong and allowed the country to consolidate its position in every sector. The UAE has not limited its activity to trade and commerce but has diversified its economic portfolio by opening several shopping malls and outlets and has become an important source of revenue for its citizens and has become a favorite destination for shopping lovers. The Impact of Technology on the UAE EconomyThe alternatives available for shopping in the UAE have been limitless and one of the major factors contributing to the growth of shopping in the Middle Eastern giant has been e-commerce. There has been tremendous growth in internet shopping in the UAE and this reflects the convenience that is the implementation of this trend across the region. The constant growth and development of science and technology have helped companies provide products and services online and help customers make purchases with just one click. The importance of e-commerce in the UAE has certainly added more spice to the already thriving economy of the UAE. The use of online shopping and credit card... half of the card... Language but such changes in the chosen language will increase the use of e-commerce among traditional merchants and consumersConclusionThe main reason behind the fact that why e-commerce technology has gained so much popularity in the UAE because it facilitates various businesses to effectively converse with each other for the purpose of transacting business with each other, anytime, anywhere. No matter whether a person lives in the UAE or anywhere else in the world, he can effectively and successfully carry out his business transactions with another person, easily and quickly with the assistance of e-commerce technology. Fundamentally, e-commerce technology facilitates and enables users to eradicate geophysical barriers, with the aim of making customers, clients and companies as potential customers and suppliers.