UAE issues 4,201 new licences for economic activities in June

The country had a total of 652,885 licences at the end of the month

The total number of licences issued in Abu Dhabi until the end of June was about 145,660. Christopher Pike / Bloomberg  
The total number of licences issued in Abu Dhabi until the end of June was about 145,660. Christopher Pike / Bloomberg  

The UAE issued 4,201 new licences for economic activities in June, taking the total to 652,885 licences at the end of the month, according to government data.

The number of licences for economic activities in Dubai reached 300,000 by the end of June, representing 46 per cent of the total licences registered in the UAE, state-run news agency WAM reported, citing government statistics.

In Abu Dhabi, the total number of licences issued until the end of June was about 145,660, equal to or 22.3 per cent of the country's total.

In Sharjah, the total number of licences stood at 84,505.

Efforts put in place to manage the effects of Covid-19 helped Dubai to limit the damage to its economy as more advanced countries registered a steeper drop in growth, the Dubai Statistics Centre said in a separate report.

Dubai revealed a Dh1.5 billion stimulus package in March to offset the impact of the coronavirus on its economy.

The government waived 2.5 per cent market fees, refunded customs fees on imported items and offered a 10 per cent discount on utilities for its residents and citizens.

The emirate also pledged to support its airline, Emirates, with an equity injection to help it ride out the Covid-19 crisis.

Dubai has now reopened its economy and eased movement restrictions, helping the economic recovery.

Published: July 2, 2020 09:00 AM

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