Trade Licences Increase in May 2020 Indicating an Uptick in Investor Confidence in the UAE

Statistics from the National Economic Register (NER) recorded the total number of trade licences issued across the United Arab Emirates (UAE) in May 2020 at 648,684, indicating an increase of 1,035 as against the previous month. To date, the largest percentage increase in trade licences issued in 2020 have been in the e-commerce sector.

According to the UAE’s official news agency, WAM, this increase points to the continuity of economic activity across the country, despite the global slow-down. Further, the trend indicates a gradual return of investor confidence amongst new investors as lockdown restrictions ease.

Local businessman Shahul Hameed, commented stating that the lat...