Abu Dhabi / WAM In a sign of that bodes well for an eventual market recovery after the coronavirus, consumer spending in the UAE increased by 65 percent in June 2020 as compared to March, according to statistics released by the Federal Competitiveness and Statistics Authority (FCSA). Hoteliers were among the primary beneficiaries, with spending jumping 15 percent in June ...

Abu Dhabi / WAM The total number of business licences issued in UAE at the end of July amounted to 665,246, a 1.9 percent increase compared to 652,885 licences issued in December 2019, according to the National Economic Register. Based on these figures, the issuance of licences in the country is expected to surge in the coming months, which will ...

SHARJAH / WAM Marwan bin Jassim Al Sarkal, Executive Chairman of Sharjah Investment and Development Authority (Shurooq) announced during a live interview on Sharjah TV that the authority will be undertaking four new large-scale tourism and hospitality projects in Khor Fakkan, Kalba, Al Dhaid and Mleiha. The strategic undertaking follows Shurooq’s vision of transforming Sharjah as a leading hub of ...