FINANCIAL NEWS

Dubai business licenses up 6% in Q1

10 Apr 2011

(MENAFN) The Dubai Department of Economic Development (DED) stated that business licenses issued in this year’s first quarter went up by 6 percent, quarter on quarter, totaling to 3,224 licenses, reported Arabian Business.

As for totals, DED said that all transactions conducted in the first quarter amounted to 117,533, up from 103,067 registered a quarter before. DED said that this shows a fourteen percent quarter-on-quarter increase.

DED added that commercial permits totaled to 14,503 in the first quarter, increasing 33 percent quarter-on-quarter.

It is worth noting that growth in the number of licenses is considered an indication of a boost in performance of the economy, in addition to better investor confidence.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more