Over 560,000 business licences issued in UAE in 2019

Friday, 17 May 2019 10:09

A total of 560,158 business licenses have been issued in the UAE since the beginning of 2019.

It marks a 3.7 per cent growth compared to the end of 2018, reflecting an improvement in various sectors due to increased government spending.

According to the Ministry of Economy, Dubai and Abu Dhabi accounted for 70.3 per cent of the national total with 394,083 licences.

Dubai marked a 3.5 per cent increase compared to December 2018, with 262,519 licences, while Abu Dhabi recorded a 4.3 per cent with 131,564 licences.

More from Business

Oil prices surge to highest since 2022 at over $119 a barrel

Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran.
HSBC CEO says confidence in GCC remains despite regional developments

HSBC on Monday expressed confidence in the Gulf Cooperation Council (GCC) members' economic prospects as the region and the wider Middle East brace for the economic shock from the U.S.-Israeli conflict with Iran.
Silal, National Agricultural Centre partner to boost UAE food security

Silal, an Abu Dhabi agri-food and technology company, has announced the expansion of its operations in Ras Al Khaimah in collaboration with the National Agricultural Centre.
No decision yet on G7 releasing oil stocks, France's Lescure says

G7 countries have not made a decision yet on the potential release of emergency oil stocks in the wake of the U.S.-Israeli conflict with Iran, France's Finance Minister Roland Lescure said on Monday.