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Dubai issues 1,221 new licences in August

Dubai: The Business Registration & Licensing (BRL) section in the Department of Economic Development (DED) in Dubai completed 17,710 transactions including 1,221 new trade licences in August according to the ‘Business Map’ digital platform.

Renewal of licences accounted for 9,071 transactions while there were also 2,111 transactions related to Trade Name Reservation and 1,475 Initial Approvals.

The non-oil private sector in Dubai reported an improvement in output in August, with the headline Dubai Economy Tracker Index (DET) gaining marginally, to 55.2 from 54.9 in July.

Overall output rose at a faster rate than in July, driven by ongoing projects.

DED data showed the auto renewal facility being extended for existing licences was used 4,271 times as recorded on the Business Map while there were also 84 e-trader licence transactions and 60 related to instant licence. The Business Map aims to provide a reliable indicator on the economic climate in Dubai as reflected on business registration, renewed as well as new licences and overall economic activity.

 

Source:-https://gulfnews.com/business/economy/dubai-issues-1-221-new-licences-in-august-1.2277308