The Business Registration and Licensing, BRL, sector in Dubai Economy issued 32,158 new licences during the first 10 months of 2020, an increase of 6% compared to the same period last year. Among the new licenses issued during the first 10 months, 57% were professional and 42% commercial. The numbers, recorded on the Business Map […]Read More
Established in 2005, the Dubai Gold & Commodities Exchange, DGCX, today stands as the largest and most diversified derivatives exchange in the Middle East, providing guaranteed settlement and reduced counterparty risk through the Dubai Commodities Clearing Corporation, DCCC, a 100 percent owned subsidiary by DGCX. Over the last 15 years, the exchange has traded a […]Read More
The Supreme Petroleum Council (SPC) announced today the discovery of substantial recoverable unconventional oil resources located onshore, estimated at 22 billion stock tank barrels (STB), and an increase in conventional oil reserves of 2 billion STB in the Emirate of Abu Dhabi. The announcements were made following the SPC meeting presided over by His Highness […]Read More
The innovation mandate has expanded for the Dubai International Financial Centre, DIFC, the leading global financial centre and FinTech hub in the Middle East, Africa and South Asia, MEASA, region. The DIFC will set new standards for financial innovation in the region, building on its successful industry reputation for providing the region’s most enabling business […]Read More
Jebel Ali Port, DP World’s flagship port handled over 5 million metric tonnes of metal, steel and construction materials in 2019. At an average, the port has handled around 4.5 million TEU from 2010 to 2019, which equates to 1 billion metric tonnes until 2019. Over 50 million metric tonnes of general cargo has been […]Read More
The UAE’s overall crude oil reserves reached 97.8 billion barrels in 2019, according to figures released today by the Federal Competitiveness and Statistics Authority, FCSA. The figures showed that the country’s production of crude oil stood at 3.058 million barrels per day (bpd) during the same period. FCSA also reported that natural gas production in […]Read More
© 2020, thedubaitoday. All rights reserved
