Dubai's Department of Economic Development (DED) issued 2,204 new licences in February, a growth of 37 percent compared to the same month last year.
The DED's Business Registration and Licensing (BRL) sector said the new licences created 8,515 jobs in the labour market.
Among the new licences issued, 61.1 percent were commercial, 36.5 percent professional, 1.7 percent related to tourism and 0.7 percent industry.
The Business Map digital platform of DED saw 25,269 business registration and licensing transactions being completed in the month of February, a growth of 27 percent compared to February 2018.
The report showed that Licence Renewal accounted for 12,018 transactions in February, up 52 percent while 5,379 transactions were related to Auto Renewal via text messages.
During February, the number of Trade Name Reservations was 3,390, up 20.6 percent, while the number of Initial Approvals reached 2,503, a growth of 21.6 percent and the number of Commercial Permits reached 1,465. BRL also issued 156 instant licences.
The report also showed that the top nationalities who secured licences in February were Indians, followed by Pakistanis, Bangladeshis, Egyptians, Brits, Chinese, Jordanians, Saudis, Lebanese and French.
Trade and repair services accounted for 33.9 percent of the new licences issued, followed by real estate, leasing and business services (26.8 percent), building and construction (14.7 percent), community and personal services (10.7 percent), hotels group (4.4 percent), transport, storage and communications (3.4 percent), manufacturing (2.7 percent), financial brokerage (1.4 percent), health and labour (0.8 percent), education (0.6 percent), and agriculture (0.6 percent).For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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