Ras Al Khaimah Department of Economic Development (RAK-DED) recorded 33.5% growth in number of business licences issued in the third quarter compared to the second quarter.

The performance forms part of the department’s ongoing efforts to develop the business environment and facilitate the conduct of economic activities, supporting business growth and expanding opportunities for investors and entrepreneurs, amid the diversity of economic sectors attracting commercial, professional and industrial activities to Ras Al Khaimah, an Emirates News Agency (WAM) report said.

The third-quarter report’s findings showed that the number of cancelled licences declined by 15.9% compared to the preceding period, contributing to an improvement in net licensing activity during the period.

In another indicator of the expansion of the emirate’s business base, the total number of active business licences reached 22,447 by the end of September 2026, marking year-on-year growth of 4.1%. Registered capital associated with active licences also rose to AED11.96 billion ($3.26 billion), recording annual growth of 12%.—TradeArabia News Service