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The total e-commerce market value in the UAE reached $5 billion​, expected to surpass $8 billion in 2025. Advanced telecommunication infrastructure, proactive government policies and trust in online payments contributed to the growth. In 2021, consumer electronics, apparel and footwear and food & beverages, were the top three verticals by size in the UAE. In […]

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Web3 Innovations Reign as MENA’s Largest Hackathon in the UAE Crowns Three Winning Projects

Bybit, the global crypto exchange ranking as the third-largest by volume, has concluded a groundbreaking hackathon in partnership with DMCC Crypto Centre. This collaboration, aimed at promoting the adoption of Crypto and Web3 in Dubai, has resulted in a significant milestone for Web3 innovation. The hackathon, the largest of its kind in the MENA region, showcased the commitment of Bybit and DMCC to drive advancements in the crypto industry. A remarkable USD 110,000 prize pool was dedicated to incentivizing and propelling crypto innovation within the Web3 ecosystem, underscoring the success and importance of their partnership.

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