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UAE will issue golden and silver business license

by endroar
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The new license plan was also mentioned in the UAE government statement. It is said that business licenses serve multiple purposes. Hisham Al Gurg, chief executive of investment firm Seed Group, said the new plan would be an important step for the UAE's economy, which is now the second largest economy in the Arab world.

Hisham Al Gurg also said that the implementation of the proposed long-term commercial license will not only increase business confidence in the Emirate, but will also empower startups. UAE will be their new permanent base.

Like other countries in the Middle East, the United Arab Emirates is also one of the oil reserves. Last year, due to the increase in the price of fuel, the country's income was 100 billion or 10 thousand billion US dollars. However, the UAE is no longer dependent on oil alone and is emphasizing diversification of the economy. Oil now accounts for only one-third of their gross domestic product (GDP). Last year, the country's GDP growth was 7.41 percent, although the countries are struggling as a powerhouse of the global economy.

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