Dubai records over 14,300 remote business licensing transactions

iStock

Dubai has seen a record increase in remote transactions for business lincensing and registrations.

That’s according to the Department of Economic Development, which handled 14,366 applications between March 22 and April 13.

As much as 66 per cent of these were submitted online and the rest through outsourced service centres, which has employees working remotely.

Licence renewals (74 per cent) and modifications accounted for the bulk of transactions, while 473 new licences were also issued during this period.

The new permits were mainly for activities related to project management, disinfection and sterilisation, therapeutic and surgical equipment supplies, and food and beverage.

More from Business News

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

On Virgin Radio today

Trending on Virgin Radio