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Middle Eastern Central Bank Digital Currencies and World 3 hours ago
3
There seems to be a global rush to develop the first Central Bank Digital Currency (CBDC)
Use regions like the Middle-East are uniquly positioned to take advantage of CBDC as energy and global trade makes shift
Some countries are already have made big strides with CBDC including China and smaller island nations
Risk and concerns over privacy with CBDC seem almost impossible to seperate from the technology at this point which could increase usage of excisting crypto assets
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GCC to spur Measa e-commerce market growth to $148.5b by 2022
Amna Lootah, assistant director general, Dubai Airport Free Zone Authority, and a board member at Dubai CommerCity.
Supplied photo
E-commerce has experienced a significant leap during the Covid-19 pandemic with the Gulf region witnessing a 214 per cent year-on-year increase in cross-border online sales by mid-year 2020.
The e-commerce market in the Middle East, Africa and South Asia (Measa) will grow to $148.5 billion by 2022 with the Gulf region driving this surge with a more than treble jump in online sales, a new study has revealed.
The study shows that e-commerce has experienced a significant leap during the Covid-19 pandemic with the Gulf region witnessing a 214 per cent year-on-year increase in cross-border online sales by mid-year 2020.