A new range of incentives have been introduced by Jebel Ali Free Zone (Jafza) to help firms resume their activities with confidence in the post-COVID-19 environment.
The business hub now provides on-demand warehouses on short-term lease with no VAT or customs duties.
Companies can take on lease warehouses from 300 sqm to 15,000 sqm in size with free water and electricity as a bonus.
Jafza also offers easier rental terms, fast-track approvals, in-house logistics and cost effective transport services.
Both new and existing clients can take advantage of these measures.
The latest incentives come on the back of the 70 per cent reduction in registration, licensing and administrative fees announced in March.
“Challenging times call for competitive solutions. At DP World, UAE Region and Jafza we’re working on customised solutions for a post-pandemic trading world in which our customers pay less for more value-added service support across-the-board," said Mohammed Al Muallem, CEO & Managing Director of DP World, UAE Region and CEO of Jafza.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.