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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Ajman Free Zone adds 867 companies in H1

Infrastructure, community facilities and the environment account for 39 percent of the total budget 2022.
  • Health sector registers 84 percent growth in the number of new companies.
  • 70 percent growth in Chinese retail market while the number of AFZ’s key partners rises to 48.

Ajman Free Zone (AFZ) has registered a growth of 35 per cent in the number of new registered companies during the first half of 2021 compared to the same period in 2020.

Against the 867 newly registered companies in the zone in H1 2021, 567 companies were registered in the same period last year.

Health sector witnessed the highest (84 percent) growth in new companies registered because of the strategic location, advanced infrastructures and modern facilities, a statement issued by the AFZ said.

The technology sector grew by 26 per cent, food and beverage sector 11 per cent, Chinese retail 70 per cent, which has 1,100 registered companies operating in China Mall, involving more than 3,000 individuals.

“These numbers are manifestations of the successful and strategic partnership between the Emirate of Ajman and the Chinese Gulf Company, as well as the increasing confidence from Chinese companies,” the statement said.

The statement said AFZ enhanced its value-added services and expanded new strategic partnerships with both private and government stakeholders, increasing the number of its key partners to 48, including value-added services providers.

Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of AFZ, said the success of the free zone as seen in the growth rates is supported by a comprehensive package of services alongside innovative technological solutions.