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

FNC proposes Euro-Mediterranean and Gulf AI hub at economic forum

The UAE's Federal National Council (FNC) has proposed the creation of a Euro-Mediterranean and Gulf artificial intelligence hub to boost investment, research and cooperation in one of the world's fastest-growing sectors.
UAE calls for stronger Euro-Mediterranean, Gulf cooperation

Federal National Council Speaker Saqr Ghobash has called for closer economic and parliamentary cooperation between Euro-Mediterranean and Gulf countries to help address rapid technological and economic change and support sustainable development.
Dubai's DGCX to launch region’s first Gold Spot T+0 Contract

The Dubai Gold and Commodities Exchange (DGCX) is set to launch a new same-day gold trading contract on Monday, June 22, in a move aimed at making physical gold transactions faster and more efficient.
AD Ports launches new logistics link between UAE and Iraq

AD Ports Group has launched integrated logistics services connecting Khalifa Port with Umm Qasr Port in Iraq, reinforcing commitment to enhancing regional connectivity and supporting existing trade corridors.
Kuwait plans to boost oil output to 2 million bpd in a week

Kuwait Petroleum Corporation (KPC) has plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO, Sheikh Nawaf Saud Al-Sabah.

Father's Day: H.H. Sheikh Mohammed remembers 'their virtues, their lives'
In a post to mark Father's Day, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said we remain a reflection of their contributions long after they are gone.
H.H. Sheikh Mohamed marks Father's Day with tribute to late Sheikh Zayed
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has marked Father's Day by posting a beautiful photography from his childhood, paying special tribute to Founding Father, the late Sheikh Zayed, and saluting "every father who follows in his footsteps".
4 killed due to red light violations in Dubai since start of 2026
Four people were killed and 55 more injured in traffic accidents caused by drivers jumping red lights in Dubai since the start of 2026.