The Dubai Economy call centre saw hectic activity during the National Disinfection Programme and responded to an unprecedented number of calls, messages and social media channels received from the business community and customers on the precautionary measures in place against COVID-19.
Dubai Economy and Emirates NBD, announced the go-live of the UAE KYC Blockchain Platform, an initiative which facilitates secure digital customer onboarding, instant bank account functionality and sharing of verified KYC data between licensing authorities and financial institutions
Dubai SME, the agency of Dubai Economy is visiting its members to further strengthen its comprehensive SME support programmes, particularly the incentive package it announced to help entrepreneurs and start-ups reduce the impact of COVID-19.
The Dubai Competitiveness Office in Dubai Economy has launched a 'Dubai Competitiveness' campaign in line with the government's initiatives to enhance resilience against the impact of COVID-19.
The cooperation between Dubai Economy and DP World is in line with the emirate's e-commerce strategy to create an inspiring environment that promotes talent and accelerates the growth of e-commerce.
The impact of COVID-19 on businesses and the legal protection as well as legislative tools available for companies and entrepreneurs to fulfill their obligations to all stakeholders concerned were the topics of discussion at the fifth ‘Market Dialogue’ organised by Dubai Economy.
The Team for Global Promotional Investment Missions attended a webinars organised by the Dubai FDI, targeting businesspersons and investors in Australia to explore the opportunities and partnership potential in the food & agribusiness, healthcare, logistics, and technology sectors in Dubai.
Dubai Economy has called on merchants to be aware of the requirements, including categories allowed and conditions, for sales and promotional offers, which are a necessary and sought-after marketing tool across retailing in the emirate.
Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises, SMEs, confirmed that supporting SMEs is a top priority in the Ministry’s agenda and in ensuring the growth of the national economy in the future.
DMCC has expanded and extended its ‘Business Support Package’ which will run until 31 August 2020. The announcement follows the positive market reaction from the Dubai business community to the original package launched in April – DMCC’s largest ever commercial incentive.
The Department of Economic Development, Dubai ( Dubai Economy ) releases a guideline for sectors re-opened on 4th July.
The Commercial Compliance Manual highlights five key elements that merchants must adhere to in order to maintain transparency in dealing with consumers as well as the authorities concerned
Dubai Economy launched the DED Trader licence to promote e-commerce and the competitiveness of Dubai’s economy, as well as to realise the vision of the government to drive digital transformation and build awareness about e-platforms that facilitate commercial activities.
The total number of business licences issued around the country in June 2020 totalled 652,885, a rise of 4,201 compared to May 2020, according to statistics from the National Economic Registry of the Ministry of Economy.
Nasdaq Dubai has welcomed the listing of three Sukuk issued by the government of Indonesia with a total value of US$2.5 billion. The Sukuk achieved nearly 6.7 times subscription by investors, including international investors in Asian and Middle East countries.
Of these, 86% of the licences are commercial (10,702), followed by professional (1,578), tourist and industrial licences.