'Registering 665 new companies in the first three months of 2022 is another record broken for DMCC,' said Ahmed Bin Sulayem. dmcc crypto blockchain
Crypto and Blockchain Firms Constitute 16% of UAE Free Zone's Record Q1 Company Registrations
Crypto and blockchain firms constituted 16% of the 655 new company registrations that were recorded in Q1 of 2022, the Dubai Multi Commodities Centre has said. The surge in crypto-related registrations also coincided with a quarterly period in which the DMCC is reported to have recorded its “highest Q1 performance” since inception.
The global economic climate remains challenging, however, Dubai’s reputation as a world-leading business destination is stronger than ever, and DMCC sits at the very heart of this international appeal. Registering 665 new companies in the first three months of 2022 is another record broken for DMCC, and serves to show the huge potential on offer when joining our Free Zone in Dubai.
DMCC will continue with its efforts to attract ambitious firms that may be looking to set up in Dubai, Sulayem added.Meanwhile, in the statement, DMCC revealed its key markets — namely India, U.K., Germany, and France — had performed better than in previous, similar quarters. According to the statement, Dubai company formations from China grew by 34%.
DMCC’s specific outreach programs to markets like Israel and Turkey resulted in quarterly company registrations originating from these jurisdictions rising by 350% and 100% respectively. According to the statement, DMCC has seen increased interest from trading hubs such as Indonesia and Vietnam.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Delta loses $940 million in Q1, but bookings, revenue, surgeDelta Air Lines lost $940 million in the first quarter, hurt by a rise in fuel prices, but bookings surged in recent weeks, setting up a breakout summer as Americans try to put the pandemic behind them.
Read more »
LVMH Records €18 billion Revenue for Q1 2022LVMH's first quarter financial results recorded revenue of €18 billion, a 29% increase compared to the same period in 2021. Read more here.
Read more »
Hermès Q1 Revenue Jumps 27% Driven by Europe and AmericasHermès International recorded a 27 percent jump in first-quarter revenue at constant exchange rates, citing strong performances in Europe and the Americas.
Read more »
Q1 Media & Tech Earnings PreviewNew VIP+ Analysis: A rundown of companies to give investors a pulse check on the health of the overall sectors as Q1 earnings kick off.
Read more »
The ID.4 Leads The Volkswagen Group's EV Sales That Are Up 65% In Q1 2022 | CarscoopsThe ID.4 Leads The Volkswagen Group's EV Sales That Are Up 65% In Q1 2022 | Carscoops carscoops ⚠️
Read more »
First Mover Asia: Taiwan Chip Manufacturer TSMC Remains a Crypto Skeptic; Major Cryptos DeclineOn TSMC's earnings report for revenue by platform you can find categories like smartphone, high-performance computing, IoT and automotive, but nothing about crypto mining; BTC, ETH decline in Thursday trading. thesamreynods and JPRubin23 report
Read more »