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  • 22-11-21

    Dubai publishes 69 percent new permits for business

    (MENAFN) According to the Department of Economy and Tourism, Dubai published 69 per cent more fresh business permits in the first 10 months of this present year, indicating the high-growth chances in several industries and the increasing confidence in the whole economy.

    UAE published 55,194 new certificates in October, in comparison with 32.626 in the same period last year, a strong pointer of boosted stockholder confidence in Dubai’s varied economy.

    On Sunday, the department stated, "the growth in the number of licences issued also reflects the strength of the economy, Dubai’s success in managing the impact of Covid-19, the government's agility in amending economic policies to drive economic growth, the low cost of doing business, and the easy procedures for starting businesses, all of which contributed to enhancing investor confidence in Dubai’s diversified economy."

    In August, Dubai recorded a 54 per cent annual growth in the number of fresh business permits published. E-commerce certificates – which permits online business activities and all over social networking pages, also registered a firm development in the first six months of the year, compared with 63 per cent at 3,243 from 1,989 last years.

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