Around 2,600 new business licences were issued in Dubai in May, an increase of 50 per cent compared to the same period last year.
More than half of these were professional permits, 42 per cent were commercial and the rest were related to tourism and industries.
According to the Department of Economic Development (DED), the new companies helped create 8,348 jobs in the market.
Bangladeshis, Indians, Pakistanis and Egyptians were the top nationalities who secured the licences.
The bulk of the permits were for real estate & leasing activities, followed by trade & repair services, community & personal services, and building & construction.
In terms of the location, Bur Dubai (1,582) accounted for the largest share of the licences, followed by Deira (1,014) and Hatta (3).
A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a US trade court ruled that he had exceeded his authority in imposing the duties and ordered an immediate block on them.
Dubai’s real estate market is embracing tokenisation, with over 6,000 people joining the waitlist for Prypco Mint, a new platform that lets users buy fractional shares of property through secure digital tokens.
The Abu Dhabi Department of Energy (DoE) has announced its comprehensive strategic framework for the energy and water sector up to 2050, at the World Utilities Congress, hosted at ADNEC in the capital.
The Central Bank of the UAE (CBUAE), on Thursday, fined an unnamed exchange house AED100 million due to what it called significant failures in the company's regulatory framework.
From pastry shops and perfumeries to restaurants and tailoring stores, 15 businesses in Abu Dhabi have been honoured with the Urban Treasure awards for shaping the capital's cultural and commercial landscape.
The UAE has achieved a new diplomatic milestone by winning the presidency of the General Assembly of the United Nations Human Settlements Programme (UN-Habitat) for the first time and securing membership in its Executive Board.
The UAE Pavilion at Expo 2025 Osaka–Kansai welcomed its one-millionth visitor, marking a significant achievement in the pavilion’s journey since the Expo officially opened on April 13.