Business | General

Number of trade names in Abu Dhabi soars 42.7%

The number of registered commercial trade names in Abu Dhabi has surged by more than 42.7 per cent in 2007 compared to 2006, officials announced on Tuesday.

  • By Ahmed A. Elewa, Senior Reporter
  • Published: 00:36 May 7, 2008
  • Gulf News

Abu Dhabi: The number of registered commercial trade names in Abu Dhabi has surged by more than 42.7 per cent in 2007 compared to 2006, officials announced on Tuesday.

The progress of the emirate's economic development was reflected in the figures announced yesterday by the Commercial Affairs section at the Abu Dhabi Department of Planning and Economy (DPE).

"The 42.7 per cent annual increase in commercial trade names in 2007 comes against a 32.7 per cent growth in the previous year, while this year's statistics are the most accurate ever in the history of DPE after synchronising the database systems in all the regions," Hamad Al Nuaimi, the sector's acting assistant undersecretary, said on Tuesday.

The number of commercial licences has also grown by 37.8 per cent in 2007, as well as the number of registered institutions which has grown by a similar rate of 38.4 per cent.

"The number of licences issued for the public sector has exceeded 10,200 in 2007 compared to 4,877 in 2006," Al Nuaimi revealed, marking the strong growth of the public sector in Abu Dhabi, as more and more institutions and companies come in the streamline of economic activity.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Business General

  1. ADWEA tenders for new power, desalination plants

  2. Record surge in UAE consumer confidence

  3. Australia and UAE explore cooperation

  4. DSF 2010 to kick off on January 28

All articles in General

More from Business

Gulf News
Popular in Business
Way to go this DSF
XPRESS

Way to go this DSF

A fun-filled route to guide you to all the happening dos in town

Business Editor's choice