RAK new economic licences jump 33.5% in Q3 2026

SHOTS Desk · Tue · 27 Oct 2026 · 08:50 · Reported

Ras Al Khaimah Department of Economic Development recorded a 33.5 percent rise in newly issued licences in the third quarter of 2026 compared to the second quarter, the department reported. Cancelled licences fell 15.9 percent over the same period. Total active economic licences reached 22,447 by end of September 2026, up 4.1 percent year-on-year. Registered capital tied to active licences rose to approximately AED 11.96 billion, annual growth of 12 percent.

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