The Free Zones Authority of Ajman has maintained its steadfast efforts this year in bolstering the emirate's economic diversification strategy and stimulating the investment and trade landscape in the emirate, with an increase of 18 percent year-on-year (YoY) in net profit in H1 2024.
Category: Economy
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800 industrial establishments in Ajman during first half of 2024
Sheikh Hamad bin Nasser Al Nuaimi, Director of the Member Affairs Department at the Ajman Chamber of Commerce and Industry (ACCI), stated that the total memberships of the ACCI reached 19,372 memberships during the first half of 2024, and the total number of certificates of origin reached 22,693 certificates.
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FTA urges Resident Juridical Persons with Licences issued in June to register for Corporate Tax by 31 August 2024
The Federal Tax Authority (FTA) has urged Resident Juridical Persons with Licences issued in June, regardless of the year of issuance, to submit their Corporate Tax registration applications by 31st August 2024.
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CBUAE, Dubai Courts sign MoU to link electronic services
The Central Bank of the UAE (CBUAE) and the Dubai Courts have signed a Memorandum of Understanding (MoU) aimed at linking electronic services related to the execution of judgments, orders, and decisions issued by the Dubai Courts through the Central Bank's court cases management system.
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Gross banks’ assets saw AED418 billion YoY increase in May 2024: CBUAE
Gross banks’ assets, including bankers’ acceptances, rose by over 10.8 percent year-on-year (YoY), equivalent to AED418.1 billion, reaching AED4.287 trillion, compared to AED3.869 trillion in May 2023, according to the May figures issued by the Central Bank of the UAE (CBUAE).
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Ajman DED concludes ‘Future Trader’ programme
The Department of Economic Development in Ajman (Ajman DED) has concluded the activities of the "Future Trader" programme, which involved 20 young students.
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Digital Dubai approves measures to implement strategic vision for AI-powered data centre economy
Digital Dubai, in cooperation with its partners in the government and private sectors, has begun taking practical measures to implement the Strategic Vision for the Data Centre Economy in Dubai.
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ECI, IDB sign cooperation agreement to support ‘Xport Xponential’ initiative
Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a cooperation agreement with the International Development Bank (IDB), the largest banking network in Iraq, to support the ‘Xport Xponential’ initiative.
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June air cargo demand surges 14.1%: IATA
The International Air Transport Association (IATA) released data for June 2024 global air cargo markets showing a 14 percent year-on-year (YoY) growth in total demand, measured in cargo tonne-kilometres (CTKs).
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Emirates to operate second daily flight to Bali to serve seasonal demand
Emirates has announced that it will operate a second daily A380 service between Dubai and Bali to meet the surge in travel demand to the island during the upcoming peak season.