DED signs deals to support e-traders

Dubai: The Business Registration and Licensing sector at Dubai’s Department of Economic Development signed two agreements with Abu Dhabi Commercial Bank and Mashreq Bank to support e-traders.

The deals will ensure the provision of banking services to e-traders to ensure smooth transactions.

E-trader licences allows Emiratis and GCC citizens aged 18 years or above and residing in Dubai to conduct business across social networking websites. They were launched by the Department to regulate and boost transparency across business activity on networking websites.