Dubai has launched a Dhs1.5 billion economic stimulus package for the next three months to support companies and the business sector in Dubai. The package seeks to enhance liquidity and reduce the impact of the current global economic situation.
The Dubai Airport Freezone Authority (Dafza) has played a key role in boosting Dubai’s economic growth, with a 12 per cent contribution to the emirate’s foreign trade in 2019,
Ducab, one of the UAE’s largest manufacturing businesses, is consolidating its metal operations into a new subsidiary - DMB, a dedicated business unit within the Ducab Group of companies supplying “Made in UAE” copper and aluminium solutions.
DP World UAE Region has announced across-the-board reductions in licence registration and administration costs for companies operating in its flagship Jebel Ali Free Zone, Jafza, as well as for new investors.
US Ambassador to the UAE John Rakolta Jr. and Counselor of the Department of State T. Ulrich Brechbuhl have officially inaugurated the construction of the US pavilion at Expo 2020 Dubai,
DP World announced its robust financial results for the year ended 31st December, 2019, stating that its revenue grew 36.1 per cent and adjusted EBITDA increased 17.7 per cent, with an adjusted EBITDA margin of 43 per cent.
The Business Registration and Licencing (BRL) sector of the Department of Economic Development (DED) Dubai has issued 4,459 new licences in February 2020 that created 11,877 jobs.
Statistics released by Dubai Customs showed that Dubai Customs’ Passenger Operations Department has dealt with 20.44 million passengers’ items of luggage on board 88,000 flights arriving into Terminal 3, Dubai International Airport in 2019.
The Dubai International Financial Centre, DIFC, announced a record growth in 2019, registering an addition of 493 new businesses for the year. The total number of firms in the Centre reached 2,437, up 14 per cent from 2018, with a total of 32 per cent growth since 2017.
Dubai Islamic Economy Development Centre (DIEDC) and the United Nations Development Programme (UNDP) have signed a memorandum of understanding (MoU) to enhance their collaboration and the alignment of DIEDC’s stakeholders with the Sustainable Development Goals (SDGs).