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Sat 3 Aug 2019 12:06 AM

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Dubai says new business licences created over 7,500 jobs in June

Department of Economic Development in Dubai issues 2,394 new business licences in June

Dubai says new business licences created over 7,500 jobs in June

The Department of Economic Development (DED) in Dubai issued 2,394 new business licences in June, creating more than 7,500 jobs.

According to the Business Registration and Licensing sector in DED, 58.5 percent of the new licences were professional, 38.9 percent commercial, 1.9 percent related to tourism and 0.7 percent industry. Together, they created 7,598 jobs in the emirate's labour market.

The Business Map digital platform of DED saw 22,759 business registration and licensing transactions being completed during June, a statement said.

The report showed that licence renewal accounted for 10,417 transactions in June, including 5,335 transactions related to auto renewal via text messages.

The June transactions also showed that trade name reservation accounted for 3,593 transactions, while the number of initial approvals reached 2,905 and the total number of commercial permits reached 906.

The report showed that the top nationalities who secured licences in Dubai in June were Bangladeshis, Indians, Pakistanis, Egyptians and Brits.

Real estate, leasing and business services accounted for 38.8 percent of the new licences issued in June, followed by trade and repair services (27.1 percent), community and personal services (12.6 percent), building and construction (8.3 percent), transport, storage and communications (4.5 percent), and hotels (3.4 percent).