Over 8,500 jobs created by new businesses in Dubai

Tuesday, 12 March 2019 07:33

More companies are setting up shop in Dubai.

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.

More from Business

Disney settles suit over women's pay for $43 million

Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.
Etihad Airways adds ten new destinations for 2025

UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.
Trump pledges new tariffs on Canada, Mexico, China

US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.
UAE and Bahrain finalise ICV programmes procedures

The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.