The UAE government's Telecommunications and Digital Regulatory Authority (TDRA) has announced by publishing a report that the use of the Internet in the United Arab Emirates last year reached about 99% with 9.38 million users.
According to Amac News: The UAE Telecommunications and Digital Regulatory Authority emphasizes in this report that 32.7 percent of network usage was for business-related searches and 24.3 percent was for fintech services, including digital banking, investment and insurance.
The report of this department states that these innovations have transformed the landscape of digital business and caused the growth of various companies, including startups.
UAE Telco’s are leading the way in strengthening the digital ecosystem and government institutions are adopting best practices to increase digital resilience and infrastructure, strengthening the UAE's global position.
Khalid Murshid, Chief Information Technology and Information Officer (CTIO) at e& UAE, emphasized the group's commitment to investing in advanced technology and telecommunications solutions.
He pointed out the importance of technology in supporting digital entrepreneurship and empowering economic sectors to flourish.
Murshid added that electronics and the UAE play an important role in securing the UAE's top ranks in fiber-to-the-home connections and 5G networks.
Meanwhile, Abu Dhabi's global technology ecosystem Hub71 offers a dynamic community to promote technology and innovation, expand start-ups and foster growth by attracting talent, capital and access to diverse markets.
Promoting Abu Dhabi's position as a leading technology hub, the ecosystem attracted AED 5.4 billion in 2023 and currently includes more than 260 startups across 22 sectors.