Dubai’s Ras Al Khor area is growing into a major hub for new businesses.
That’s according to the Department of Economic Development (DED), which says 1,765 companies are currently operating in the location, while the number of investors exceeds 8,200, of whom 6 per cent are women entrepreneurs.
Most of the investors are UAE nationals, followed by Indians, Pakistanis and Jordanians.
Their activities are mainly focused on food trade, contracting, transport and automobile repair.
ADNOC and partners to develop mega gas project
Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has awarded the concession for the development and production of the Bab Gas Cap project to ADNOC and a group of international energy partners.
Bank fined AED 20 million for repeated regulatory failures
The UAE Central Bank (CBUAE) has fined a branch of a foreign bank AED 20 million for repeated failures in its anti-money laundering and counter-terrorism financing controls.
UAE announces Retail T-Sukuk subscription details
The Ministry of Finance has announced the subscription period for the UAE’s first-ever Sovereign Retail T-Sukuk Programme, offering individual investors a new government-backed investment opportunity that complies with Islamic Shariah principles.
Dubai tops global greenfield FDI rankings fifth year in a row
Dubai has topped global rankings for attracting greenfield foreign direct investment (FDI) projects for the fifth consecutive year.
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