As many as 4,567 new business licences were issued in Dubai in January, which is an increase of 9 per cent compared to the same month in 2020.
Fifth-eight per cent were professional permits, while 40 per cent were commercial, and the rest were distributed among tourism and industrial activities.
Deira accounted for the largest share (2,425), followed by Bur Dubai (2,135), and Hatta (7).
The activities of the new licences issued in January, included: contracting and related matters; building maintenance, guards and cleaning; ready-made garments; Information technology; electronics; food trade; restaurants and cafes.
According to Dubai Economy's Business Registration and Licensing (BRL) sector, the figures reflect Dubai’s resilience as well as the emirate’s economic competitiveness, including its ability to provide high-growth opportunities in various economic sectors.
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
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