According to the Department of Economic Development (DED), over 2,200 new business licences were issued in the emirate in February. That’s a 37 per cent increase compared to the previous year.
More than 8,500 jobs were also created by these new companies.
The bulk of the permits were for trade and repair services, followed by real estate and construction activities.
Indians, Pakistanis, Bangladeshis and Egyptians once again headed the list of top nationalities securing new licences.
Meanwhile, Bur Dubai and Deira were the most sought after locations, with these areas accounting for nearly 60 per cent of the transactions.
The UAE's Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), on Monday emphasised the aviation sector's critical role in the global economy, noting that it accounts for 12 to 13 per cent of GDP in some countries and supports millions of jobs worldwide.
World leaders and technology executives are convening in Paris on Monday to discuss how to safely embrace artificial intelligence at a time of mounting resistance to red tape that businesses say stifles innovation.
The Abu Dhabi Registration and Licensing Authority (ADRA), which develops and regulates the business sector, on Monday revealed significant growth in business licences and compliance indicators in the Emirate's mainland and non-financial economic free zones during 2024.
Dubai Electricity and Water Authority (DEWA) has announced that it will adopt the cubic metre as the standard unit for measuring water consumption starting from the March 2025 billing cycle.
The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.
Aviation sector contributes $4.1 trillion to global economy
Paris AI summit draws world leaders
16% growth in new economic licences in Abu Dhabi during 2024
DEWA updates billing on water consumption
UAE, Japan to complete CEPA by end of year
