More companies seem to be setting up shop in Dubai.
The Department of Economic Development (DED) issued 3,818 new business licences for various professional, commercial, industrial and tourism activities in November.
The Bur Dubai area accounted for the largest share of these permits, while Bangladeshis, Indians, Pakistanis and Egyptians once again headed the list of investors.
Officials say the new licences helped created 10,821 new jobs in total.
India's new central bank chief commits to policy continuity
India's newly-appointed central bank governor Sanjay Malhotra on Wednesday said he will look to ensure stability and continuity in policymaking for the benefit of the economy.
DEWA commissions 30 million gallon Hatta reservoir project
Dubai Electricity and Water Authority (DEWA) has commissioned a reservoir with a capacity of 30 million imperial gallons (MIG) of desalinated water in Hatta.
UAE, EAEU conclude economic agreement negotiations
The UAE and the Eurasian Economic Union (EAEU) have concluded negotiations for a comprehensive economic partnership agreement (EPA).
Abu Dhabi Fund signs AED92 million loan agreement with Rwanda
The Abu Dhabi Fund for Development (ADFD) has signed a loan agreement worth AED92 million ($25 million) with the Government of Rwanda to finance the expansion of water transmission and distribution systems at the Karenge Water Treatment Plant.
Adidas headquarters raided in years-long tax investigation
Authorities raided the Adidas headquarters in Germany as part of a years-long tax investigation, a spokesperson from the company said on Tuesday.
