Impact of electronic commerce on the Arab economy

impact of e-commerce on the economy of the arab nation

the impact of e-commerce on the economy of the arab nation is many people on the extent to which the economy in the arab world has revived in the current period because of e-commerce, which we will discuss in detail in today ' s article.

the size of e-commerce on the arab economy

• the volume of e-commerce is increasing in the arab world year after year. social media have promoted a large number of electronic stores and online trades, highlighting the impact of electronic commerce on the arab economy.
• this is what the future of e-commerce is in the arab world, due to its high-quality products and at lower prices than traditional markets. last year, the volume of e-commerce in the arab world exceeded $15 billion, with an annual growth rate exceeding 28.5 per cent.
• this is despite the great obstacles facing this area in the arab world.

see also: [ the world ' s volume and main features of electronic commerce] (https://trinavo.com/%d8%ac%d9%85 -%d8%a7%d9%8%a%d8%88%d8%b1%d8%a9-d8%8%8%d8%9%d%8%9%d%8%8%8%8%d8%9%8%d8%8%d8%8%8%8%d8%8%d8%8%8%8%8%d8%8%8%8%d8%8%8%d8%8%8%8%8%d8%d8%d8%d8%d8%8%8%8%d8%8%8%8%8%d8%8%8%d8%8%d8%d8%8%8%8%8%8%8%d8%d8%d8%8%8%8%d8%d8%8%d8%d8%8%8%8%8%8%8%

what is the future of electronic commerce in the arab world?

• economics expect that the volume of e-commerce in the arab world will continue to grow and become a normal trade pattern.
• application-based transactions will increase three times more than web-based transactions. all companies will also design user-friendly applications to reach their audience everywhere, and this is expected to significantly increase the proportion of users.

what are the factors of the booming of electronic commerce in the arab world?

• one of the most important factors contributing to the future of e-commerce in the region is the significant shift towards electronic payment systems and the digitization of state sectors. one of the most important of these is to support emerging financial technology companies. in addition, the number of users of social media and digital media is increasing sharply in the region.
• about 77% of citizens spend their time on instagram only.

what are the arab states most used for e-commerce?

in the following lines, we note the impact of electronic commerce on the arab economy:

united arab emirates

• the united arab emirates has issued the list of arab states that are most online marketed by 35 per cent of the total trade in goods and currencies over the past year.
• more than 63% of the population of the emirates shop online. the united arab emirates is also one of the best arab states with a distinct financial technology infrastructure.

saudi arabia

saudi arabia ranks second on the list of arab states most shopping on the internet, 10% of total trade in goods and currencies over the past year, with about 47% of the population shopping online. saudi arabia has also become the black horse in the digital race and the development of digital infrastructure. because of the shift from states that favour cash to a privileged country in digital payment, it is a remarkable and very important shift.

arab republic of egypt

the arab republic of egypt ranks third on the list of arab states that are most marketed on the internet, slightly different from saudi arabia. - it seized 11% of total trade in goods and currencies over the past year. - although the population is over 100 million, about 22% of the population performs online purchases.

kuwait

the state of kuwait is in fourth place, with an estimated population of 3.8 million and 300,000, of which about 90 per cent are internet users, about 40 per cent are purchased online.

what is the impact of e-commerce on the arab economy?

• there are 90 million consumers in the arab world and the middle east of e-commerce. the volume of e-commerce in the arab world is expected to reach $15 billion next year. the number of arab clients has reached about 15 and is increasing to 39 today, a very high growth rate.
• there are about 8 million daily visitors to the dotcom market from the arab world. in contrast, 3.5 million subscribers per month.
• in the gulf states, total sales of electronic commerce in the year amounted to approximately $320 million.
• in 2015, sales of electronic commerce totalled $5000 million.
• in the past 10 years, arab internet use has increased by 2500. the number of arab internet users was 70 million out of 350 developed internet institutions.

what is the future of electronic commerce in the arab world?

• application-based transactions will grow at a rate of three times faster than web-based transactions.
• companies will work hard to design user-friendly applications, and investment in this area will yield fruit, especially since more and more users turn to their cell phones and devices to make payments.
• the payment modality will be adopted on equal monthly premiums quickly by consumers.
• equal monthly payments will become a common feature of e-commerce.
• where consumers choose to pay for their expensive purchases on premiums.
• this will become particularly common in the travel industry, where consumers in the middle east will start paying for air and hotel tickets this way. the first e-commerce law will be drafted in the arab world. through gcc countries, confidence in electronic commerce is the main challenge of this sector.
• this law will profit, increase consumer confidence in known digital trademarks and affect the market in general. finally, the banking retail sector will grow in egypt, attracting more people to the digital economy. egypt enjoys low rates of financial inclusion.
• only 10 individuals over the age of 15 have an account in an official financial institution in egypt.
• without a credit card or discount, online transactions are difficult. with the growth of the banking retail sector, more people in egypt will be able to access the world of electronic commerce and use credit and debit cards.