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Dubai’s Consumer Confidence Index at highest level in Q4, 2020 20 Jan 2021 Expectations of improvement in economic conditions in Dubai over the next 12 months remain high among consumers. Dubai saw its Consumer Confidence Index during the last quarter of 2020 rising to the highest level since the third quarter of 2017. The Q4, 2020 Index of 142 points was way above the 133 points in the same period last year and 132 points recorded in Q3 2020. Mohammed Ali Rashed Lootah, CEO of the Commercial Compliance & Consumer Protection Sector in Dubai Economy, said the risi...

Dubai Economy issues 42,640 new licenses in 2020 Filed on January 12, 2021 Dubai Economy issued 42,640 new licences last year as against 40,891 new licences issued in 2019. Dubai announced five stimulus packages to help Covid-affected businesses. Dubai Economy on Tuesday announced that it registered a four per cent growth in new licences last year despite the Covid-19 pandemic and slowdown in the global economy. Dubai’s Department of Economic Development, or Dubai Economy, said that it issued 42,640 new licences last year as against 40,891 new licences issued in 2019. It also record...