News & Media

RAK DED Issues 484 New Licenses in Q1 2021
RAS AL KHAIMAH, 22nd April 2021 (WAM) — The Department of Economic Development (DED) in Ras Al Khaimah issued 484 new licenses in the first quarter of 2021, a 35 percent increase compared to the same period in 2020. The issuance of the licenses also signaled the start of the recovery period from the negative
Family Businesses Urged to Adopt Practical Steps
Family businesses urged to adopt practical steps to avert possible conflicts Family businesses in Dubai need to adopt certain practical steps, including a common vision and establish a family council and rules, to address possible conflicts that might arise due to the changing dynamics of the entrepreneurial ecosystem segment, experts at the webinar said. The
Dubai Retail Market to Hit $82.31B in 2025
During the forecast period of 2017 to 2025, the demand in the global connected retail market is projected to increase at an impressive compound annual growth rate of 19.8 percent. The value of the global connected retail market is estimated to reach $82.31 billion by the end of 2025, a report by Transparency Market Research
Majid Al Futtaim banks on positive 2021
Despite the extraordinary events of 2020, Majid Al Futtaim’s full-year performance demonstrated the resilience of its people and business model, diverse portfolio, operational agility, proactive investments, and prudent financial risk management. Majid Al Futtaim Retail has announced that it is on track to meet its targets for 2021, with an increased focus on digital transformation
store, online, ecommerce
UAE Sees 21% Jump in Online Shops
The UAE’s digital economy prior to Covid-19 contributed 4.3 per cent to the country’s GDP. The UAE recorded an increase in online consumer spending primarily driven by a 21 percent jump in the number of online shops as the world witnessed an exponential boom in retail eCommerce with an additional $900 billion being spent in
DLD Issues 4,202 Permits in 2020
The Dubai Land Department (DLD) has issued 4,202 different real estate permits that include 255,579 real estate ads in 2020 through the ‘Trakheesi’ system on the department’s website. Through the system, users can conveniently apply for various real estate permits around the clock without the need to visit DLD, which is in line with the