Ministry of Economy: Rise in Business Licences Issued in June 2020 Signals UAE’s Economic Resilience

Statistics from the National Economic Registry of the Ministry of Economy, show that the total number of business licences issued in the United Arab Emirates (UAE) for the month of June 2020 reached 652,885. This is 0.64% higher than the 648,684 issued in May 2020.

Industry experts within the UAE view the increase as a positive economic indicator, reflecting business continuity and investor trust in the UAE economy.

According to local media, the number of business licences isused in Dubai, UAE alone, stood at around 300,000 at the end of June 2020, reflecting 40% of total licences issued in the UAE.

Shailesh Dash, Board Member of Allied Investme...