Nearly 2,400 business licences were issued in Dubai in June.
That's according to the Department of Economic Development (DED), which says more than half of these were professional permits, nearly 40 per cent were commercial and the rest were related to tourism and industries.
The new companies also helped create 7,598 jobs in the market.
Bangladeshis, Indians, Pakistanis and Egyptians were the top nationalities who secured the licences.
UAE, Uzbekistan sign digital infrastructure deal
The Ministry of Investment of the UAE and the Ministry of Digital Technologies of the Republic of Uzbekistan have signed an investment memorandum, establishing a framework for investment cooperation in digital infrastructure with a focus on data centre and artificial intelligence projects in Uzbekistan.
TECOM Group profit increases 15% on record high occupancy levels
Dubai's TECOM Group has announced a 15 per cent year-on year (YoY) growth in net profit to AED 293 million for the three month period ended March 31, 2024.
Sony and Apollo submit $26 billion Paramount offer, WSJ reports
Sony Pictures Entertainment (SPE) and Apollo Global Management APO.N have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported.
UAE, Iran expand cooperation in additional sectors
The UAE and Iran have explored ways to expand economic cooperation in sectors such as tourism, transport, entrepreneurship and renewable energy.
One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...
The super-star and multi-award-winning singer-songwriter, Jason Derulo is bringing the heat to Dubai.
Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.
Not in the car so much while Kris, Priti and Rossi are on air? Check out the daily podcast here...
