There's good news for those who do business at Jebel Ali Free Zone (JAFZA).
JAFZA has announced that it's waiving around AED 35 million in fines for its customers.
They'll also return cash and bank guarantees to clients through its new Workforce Protection Programme initiative that is set to be rolled out next September.
The move is expected to infuse AED 1.3 billion back into Dubai’s economy that companies can invest in their operations.
UAE citizens, residents can now invest in government sukuk from AED 1,000
In a first for the UAE, the Ministry of Finance has launched the Sovereign Retail T-Sukuk Programme, giving citizens and residents access to a government-backed, Shariah-compliant investment opportunity.
Emirates offers travel insurance with conflict-cover, free extension
Emirates Airline has introduced the world's first conflict cover for travel that includes medical reimbursement of up to $25,000, hotel stays "during airport closures" and a free trip extension of up to 30 days, offering travellers "greater peace of mind".
DXB aims for 85% operation recovery by end of 2026
Dubai International Airport (DXB) is likely to make an 80-85 per cent operational recovery by the end of 2026 following the regional developments, announced CEO of Dubai Airports Paul Griffiths.
Microsoft sued by shareholders over expenses, cloud business, AI
Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.
HyveGeo wins Dubai Holding's top innovation award
UAE climate-tech company HyveGeo has been crowned the winner of Dubai Holding's Innovate For Tomorrow Impact Accelerator, securing pilot funding and the opportunity to test its solutions within Dubai Holding's business ecosystem.
