26 Jun 2012
(MENAFN) Official data showed that Dubai issued 1,542 new trade licenses during May, a 14-percent increase from a year earlier, Arabian Business reported.
According to the Department of Economic Development (DED), the tourism sector licenses grew 57 percent, followed by the professional sector with 19-percent growth and the commercial sector with 13-percent increase.
The commercial sector had the lion’s share in the total licenses issued in May, representing 73 percent, followed by the professional sector with 25 percent, while the industrial and tourism sectors had 1 percent each.
In March, Dubai unveiled plans to launch a new company license initiative by the end of this year, as the Gulf emirate seeks to improve the process of doing business.
DED said it will launch a new license initiative that allows investors to start a business immediately and complete the rest of the licensing requirements, such as approvals from other government authorities concerned, within the next 120 days.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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