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).
OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped - and then retreated - following Israeli and US attacks on Iran.
The United Arab Emirates has consolidated its status as a leading force and key player in the digital nomad economy, rising to second place globally as a top destination for digital nomads in 2025.
A walkout by French air traffic controllers to protest against staff shortages and ageing equipment forced airlines to cancel hundreds of flights on Thursday, just as the summer season gets under way.
Abu Dhabi’s economy continues to show strong momentum in 2025, with new data from the Statistics Centre–Abu Dhabi revealing a GDP of AED 291 billion in the first quarter, up 3.4 per cent year-on-year.
Dubai has launched a programme for first-time home buyers, aiming to make homeownership more accessible and affordable by facilitating priority access to new launches, preferential pricing and tailored mortgage solutions.
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