The total trading volume reached AED 4.57 billion, encompassing 3,980 trading activities…reports Asian Lite News
The real estate market in Ajman showed robust performance in the first half of 2023 (H1’23), with total real estate transactions surpassing AED 7.17 billion.
This figure, which represents a significant growth rate of 15.6 per cent compared to the corresponding period in 2022, was included in the real estate report published by the Department of Lands and Real Estate Regulation and underscored the thriving economic activity in the emirate’s property sector.
Omar bin Omair Al Muhairi, Director-General of the Department of Lands and Real Estate Regulation, said that the aforementioned period witnessed a total of 5,310 real estate transactions, adding that the cumulative value of these transactions exceeding AED7.17 billion highlights a robust demand for properties.
The trading volume accounted for AED 4.57 billion, involving 3,980 trading operations. Mortgage transactions numbered 972, translating to a total value of AED 1.55 billion.
Al Muhairi also noted that this performance is in line with the consistent upward trajectory of the emirate’s real estate sector and can be primarily attributed to a sustained demand for properties and a steady inflow of investments in diverse real estate projects within the emirate.
May, in particular, emerged as a notable month, witnessing a peak value of real estate transactions totalling AED 1.9 billion, signifying an impressive growth rate exceeding 133 per cent compared to the corresponding month in 2022.
These statistics also collectively portray the resilience and vibrancy of Ajman’s real estate market. (ANI/WAM)
The project will be one of the ICO’s key endowment residential and commercial facilities and will serve large segments of needy people both inside and outside the country…reports Asian Lite News
H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, in the presence of H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, approved the final plans for the new “Charity Giving Tower” of the International Charity Organisation (ICO), costing AED110 million.
Sheikh Humaid was briefed by Sheikh Mohammed bin Abdullah bin Sultan Al Nuaimi, Chairman of the Board of Trustees of the ICO, about the project’s objectives, a timeline for implementation and ways of benefitting from the facility’s proceeds, to support local and international humanitarian projects.
Sheikh Mohammed said the project will be one of the ICO’s key endowment residential and commercial facilities and will serve large segments of needy people both inside and outside the country. The proceeds from the project will be allocated to several humanitarian and charity projects, including those related to educational support. It will be used to finance students who are unable to cover their education fees, healthcare support in poor countries, and offer medical treatment to vulnerable patients, most notably those with chronic diseases such as cancer and dialysis, in addition to the construction of mosques, water projects and wells, and supporting productive families, orphans, divorced women and widows.
The ICO will continue its humanitarian efforts, on the directives of Sheikh Humaid, with the monitoring of Sheikh Ammar, he added, noting it aims, through its strategic vision, to achieve resource sustainability and reinforce its leadership in the field of humanitarian and charity action.
The ICO’s endowment projects aim to promote the culture of giving and values of tolerance and benefit the widest possible segments of people, he further added.
The new endowment facility, located in Al Rumaila 2 in Ajman and covering an area of 55,000 square metres, comprises a ground floor, four floors, parking lots and 14 additional floors. It also includes 21 commercial stores, a health club and 236 residential units.
Several Sheikhs and senior officials attended the meeting. (WAM)
Ajman Free Zone signed MoUs with several leading entities at GITEX. (Photo_Ajman Free Zone) jpg
The free zone signed five Memoranda of Understanding (MoUs) with Huawei Cloud, AI Directions, Nippon, Action to Action, and Project Management Institute (PMI)…reports Asian Lite News
In support of the UAE Strategy for Artificial Intelligence (AI) 2031, the Ajman Free Zone has launched its “Artificial Intelligence and Robotics Hub” at GITEX Global 2021.
The free zone, which is participating as part of the Ajman Government’s pavilion, said that its new integrated Centre provides digital access to its services such as company registration, visa sponsorship, residence visa application, and many more.
More than 9,000 companies and institutions operating in its community will benefit from its fully digital business system.
The hub will empower small and medium enterprises (SMEs), large companies, academic institutions, and government entities. Apart from having digital access to services, enterprises and organisations registered with the free zone can also leverage the hub to develop, enhance and promote their products and services and join training programmes and events.
Ali Al Suwaidi, Director-General of the Ajman Free Zone, said, “The launch is part of our commitment to expand our support to our partners and use the latest technological innovations to add value to our services and products. It is also our response to the directives of Ajman’s wise leadership to modernise the services in the emirate by adopting new technologies and keeping pace with current and future trends and developments.”
“Through this initiative, we also aim to show our support for the UAE Strategy for AI 2031, which seeks to position the UAE as a global leader in the AI sector. Innovation and entrepreneurship are pivotal to the national economy and key to achieving our desired transformation in the digital era. In addition, the new platform will allow us to make AI and robotics the basic pillars of our research activities that can support various organisations across sectors, including education,” Al Suwaidi added.
Ajman Free Zone signed MoUs with several leading entities at GITEX. (Photo_Ajman Free Zone) jpg
According to him, the hub will drive the growth of businesses operating in the free zone by ensuring access to a broader network of technology leaders and developing their innovative ideas with economic value.
On the sidelines of its GITEX participation, the free zone signed five Memoranda of Understanding (MoUs) with Huawei Cloud, AI Directions, Nippon, Action to Action, and Project Management Institute (PMI).
Al Suwaidi explained that the free zone’s expanding network of strategic partners enables it to connect with major corporations that can influence and help shape the future of critical industries. “Through our joint efforts with leading international companies, we can further increase the competitiveness and attractiveness of Ajman Free Zone by upgrading our digital capabilities and enhancing our value-added services provided through an integrated platform. We will continue to offer easy and fast access to our wide range of cost-effective facilities, incentives, and innovative solutions according to the current and emerging needs of businesses and investors.”
As part of its partnership with Huawei Cloud, the free zone will be the global consulting partner. The free zone will direct and utilise available resources to deliver value to the Ajman community.
The two sides also agreed to provide training programmes and awareness workshops on advanced technology for the free zone’s employees and customers.
For Nippon, one of the oldest companies in the business community, the MoU focuses on enhancing the technology sector and reinforcing the hub.
The free zone and Action to Action agreed to adopt modern mechanisms to achieve operational efficiency and ease of procedures to achieve customer satisfaction and happiness. Action to Action is one of the region’s primary service providers.
The free zone’s partnership with PMI will enhance human resource capabilities, exchange knowledge and experiences, provide project management services, and organise events, conferences, and professional training.
The official opening ceremony was also streamed live from the Ajman Corniche area…reports Asian Lite News
The emirate of Ajman participated in celebrating the launch of Expo 2020 by broadcasting the official opening ceremony live on big screens located at the Ajman Heritage District, with fireworks launched in sync with the kick-off of the world’s greatest show in Dubai.
The official opening ceremony was also streamed live from the Ajman Corniche area.
The emirate of Ajman, through its governmental pavilion, is participating in this global event that includes more than 192 countries, all vying for showcasing the latest innovations and a wide array of cultures and arts to enrich the quality of the exhibition.
Adding to the evening’s magic, viewings took place at various locations in Umm Al Quwain, Yas Plaza in Abu Dhabi and across various locations in Ras Al Khaimah, including the Corniche, Al Marjan Island and Manar Mall.
The Fujairah Fort, which hosted a live broadcast, was accompanied by an evening of other festivities that include a mini village, folklore bands, traditional crafts, heritage displays and traditional food.
Meanwhile, Abdullah Al Muwaiji, Chairman of the Ajman Chamber for Commerce and Industry, has stated that the UAE is reinforcing its leading position as a global pioneer in organising major international events, by hosting Expo 2020 Dubai, which represents qualitative shift in the country’s sustainable development journey.
ABDULLAH AL MUWAIJI, CHAIRMAN, AJMAN CHAMBER FOR COMMERCE AND INDUSTRY: “Thanks to the UAE leadership’s futuristic vision, Expo 2020 Dubai will serve as a key economic driver in the coming period, especially as it coincides with the recovery from the COVID-19 pandemic, which created many challenges that required communities to utilise innovation to over and find effective solutions that will ensure the growth and development of the business and economic sectors,” he said.
Al Muwaiji then commended the efforts of the action teams and all entities involved in organising Expo 2020 Dubai.
Salem Al Suwaidi, Director-General of the Chamber, stressed that Expo 2020 Dubai is a unique human gathering that will create incredible opportunities for all sectors to forge partnerships, make major strides, and connect minds from different cultures.
He then highlighted the chamber’s keenness to participate in Expo 2020 Dubai and introduce the world and the international business community to Ajman’s economic potential and investment opportunities, as well as showcase it as one of the world’s most competitive business hubs.
Al Suwaidi called on investors and business leaders to visit Expo 2020 Dubai to leverage from the endless opportunities it will provide.
CAFU collaborates with Al Ihsan Charity Association to Provide Free Fuel for Low-Income Families in Ajman…reports Asian Lite News
As a community first business, CAFU, the region’s first on-demand fuel-delivery and car services company serves the communities in which it operates through the services it provides to make life better for drivers and takes pride in the community initiatives it supports. Unveiling its latest community initiative, CAFU has partnered with the Al Ihsan Charity Association to support low-income household families and individuals in the Emirate of Ajman.
Supporting Al Ihsan’s efforts to strengthen community initiatives amongst public and private entities, CAFU allocated eight fuel trucks to provide free fuel to over 100 households in the Emirate, over the last two days.
CAFU and Al Ihsan provides free fuel
Rashid Abdullah Ahmed Al Ghurair, founder and CEO of CAFU, said “As a company that goes the extra mile to serve the community, CAFU is proud of this partnership with Al Ihsan Charity Association to support low-income families and individuals. An initiative that falls within the framework of building collaborations to enhance community cohesion and spread a culture of social solidarity.”
Sheikh Dr. Abdul Aziz bin Ali bin Rashid Al Nuaimi, CEO of Al Ihsan Charity Association, stressed the need to coordinate with strategic partners to unify efforts in support of low-income families and individuals to achieve the association’s strategic plan.
Sheikh Dr. Abdul Aziz bin Ali Al Nuaimi valued CAFU’s initiative to support low-income families and individuals, expressing his happiness for the fruitful cooperation with the company to alleviate the burdens of this group of society. Both entities will sign a joint memorandum of understanding for more collaborations in the future.
As a community-driven business, CAFU continues to play a role in supporting local communities across the UAE, from collaborating with Dubai Health Authority (DHA) to offer free fuel to frontline workers, to partnering with local entities to support blue-collar workers and low-income families.
In their bid to giving back to the community, last month, CAFU also donated IT Equipment valued at AED 26,000 to Al Noor Rehabilitation & Welfare Association for Persons with Disabilities, to support children in classrooms as well ensure every child continues to get the best standard of education during unprecedented times.
In further contributions from the private sector to support the UAE’s efforts against Covid-19, in 2020 the pioneering tech company also announced their commitment to providing all ambulance vehicles that are operated by the Dubai Corporation for Ambulance Services (DCAS) with free fuel for a period of two weeks.