Dubai Economy records 132% increase in DED Trader licences issued during 2020
Muzaffar Rizvi/Dubai Filed on January 17, 2021
Dubai Economy issued 5,799 DED Trader licences last year compared to 2,500 in 2019
Through the DED Trader licence, Dubai Economy seeks to regulate and enhance the ease of doing business electronically
Dubai Economy on Sunday said that it recorded a strong 132 per cent growth in DED Trader Licences last year despite the challenges posed by the Covid-19 pandemic.
In a statement, Dubai Economy said that the DED Trader licence registered strong interest with online business and e-commerce gaining momentum as it issued 5,799 licences last year compared to 2,500 in 2019.
Dubai Economy issues 42,640 new licenses in 2020 Filed on January 12, 2021
Dubai Economy issued 42,640 new licences last year as against 40,891 new licences issued in 2019.
Dubai announced five stimulus packages to help Covid-affected businesses.
Dubai Economy on Tuesday announced that it registered a four per cent growth in new licences last year despite the Covid-19 pandemic and slowdown in the global economy.
Dubai’s Department of Economic Development, or Dubai Economy, said that it issued 42,640 new licences last year as against 40,891 new licences issued in 2019. It also recorded 15 per cent surge in licence renewals last year and said latest data reflects the resilience of the national economy.