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Dubai Economy issues 4,796 new licenses

DUBAI / WAM The Business Registration and Licensing (BRL) Sector in Dubai Economy issued 4,796 new licenses in February 2021, an increase of 3.4% from the 4,639 new licenses issued in February 2020. Among the new licenses issued in February 2021, 57% were professional (2,730), followed by 41.5% commercial (1,992), and the rest were distributed among tourism and industrial activities. ...

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UAE, Africa to bolster trade ties through export credit alliance

Dubai / WAM Etihad Credit Insurance (ECI) and African Trade Insurance Agency (ATI) have agreed to strengthen the trade relations between the UAE and Africa by providing trade finance solutions to businesses and exporters in both areas. To that end, both sides signed a Memorandum of Understanding (MoU) to boost the global competitiveness of exporters by increasing their awareness on ...

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E-commerce sales in Dubai to jump 23% to reach $27bn in 2022

Dubai / WAM E-commerce sales in Dubai are projected to jump 23 percent to reach $27 billion in 2022, driven by the Covid19-led digital shift and changing consumer demands, which are levelling the playing field, Hamad Buamim, President and CEO of Dubai Chamber of Commerce and Industry, said during his opening remarks at The Retail Summit 2021. The forecast, based ...

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