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.
Ambani's Jio becomes most subscribed Indian IPO
Bids for billionaire Mukesh Ambani's first IPO in 20 years topped $77 billion on Friday, making Jio Platforms India's most subscribed stock offering as it surpassed the 2008 issue of Reliance Power, part of his brother Anil's group.
Apple launches into foldable market as iPhone Duo sales begin
Sales of Apple's first folding phone, the iPhone Duo, began on Friday, with market watchers betting on whether the device can reinvent the small foldables market in the same way the iPhone did for smartphones.
Microsoft develops AI tool that can diagnose 'sequentially' like a doctor
Microsoft researchers say an AI tool that diagnoses patients step by step, as doctors do, was more than twice as accurate as general physicians at solving complex medical cases, according to a study published on Thursday in Science.
UAE-Greece Strategic Forum opens new horizons for trade, investment
The UAE and Greece have announced 18 agreements and commercial partnerships worth a total of €12.75 billion, strengthening economic and investment cooperation.
7:00pm - 11:00pm
Officially the UAE's favourite DJ, Dany Neville makes sure you have the soundtrack you need every Saturday night.
11:00pm - Midnight
Nicole Kidman
Adéla
Loser
Tame Impala
Mr Know It All
Teddy Swims