More businesses open up as DED sees 4.6% increase in new Dubai licences in 2018

Dubai: The Department of Economic Development (DED) in Dubai announced on Sunday that it had issued 20,467 new licences in 2018. Overall, 248,769 business registration and licensing transactions were recorded in the ‘Business Map’ digital platform of DED in 2018 — an increase of 4.6 per cent over 2017. Among the main regions, Bur Dubai had […]

Saudi Arabia plans to build $10 billion oil refinery in Pakistan

Pakistan: Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan’s deep-water port of Gwadar, the Saudi energy minister said on Saturday, speaking at the Indian Ocean port that is being developed with the help of China. Pakistan wants to attract investment and other financial support to tackle a soaring current account […]

London mayor to explore fintech, green finance opportunities in UAE

Dubai: Opportunities in emerging areas such as fintech and green finance will be high up the agenda as the Lord Mayor of London, who is often called the global ambassador for the UK’s financial and professional services industry, visits Kuwait City, Dubai and Abu Dhabi over the next week. According to a press statement issued […]