Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

  • AlSuwaidi: We will continue to provide support to investors and help enhance the local business environment to ensure UAE's economic development
  • MoU facilitates access to integrated business solution in line with free zone's pledge to offer value-added services

June 19, 2021: The Ajman Free Zone has announced that more than 270 new accounts at Mashreq Bank have been created under the names of companies with licenses issued by the free zone. The latest figure is the result of the Memorandum of Understanding (MoU) entered into by both parties to offer businesses operating in the free zone with a faster way to open a corporate account at Mashreq Bank.

H.E. Eng. Ali AlSuwaidi, Director General, Ajman Free Zone, said that the collaboration is important to assist organizations in their business set-up through swift opening of accounts in key banking institutions in the UAE, as mandated by existing regulations and as required of businesses wanting to enter the country. The MoU not only prioritizes companies based in Ajman Free Zone but also facilitates easier and quicker bank account opening procedures. 

The free zone partnered with Mashreq Bank to provide stakeholders with exclusive benefits and offerings. The agreement demonstrates Ajman Free Zone 's keenness to extend special and distinct services to its partners and investors, who can now enjoy priority and speed of services as a result of this joint effort.

AlSuwaidi said: “We are delighted to continue our cooperation with Mashreq Bank, one of the leading banks in the UAE. Our mutually supportive and strategic partnership will be beneficial to the business community as well, as it helps companies save time and effort when opening corporate bank accounts. This cooperation is part of our promise to offer comprehensive package of incentives and facilities to attract more companies and investors to Ajman Free Zone and the whole of Ajman emirate.”

H.E. added: “We are moving forward with providing all forms of support to investors and companies. One support that we have been extending is the continuous establishment of an ideal environment for investment and doing business in Ajman and the UAE. We aim to enhance the competitiveness and attractiveness of the local business environment by offering value-added services and expanding the scope of our strategic partnerships with leading entities from various sectors. Through our initiatives, we will realize our vision and mission to contribute to the country's sustainable economic development, as well as help lay a solid foundation for a more diversified and flexible local economic system.  Ultimately, we seek to cement the position of Ajman and the UAE as among the most preferred global destinations for business and investment.”

The Ajman Free Zone has been establishing new strategic partnerships with government entities, and private companies from various sectors, including banks, financial institutions, and professional and legal consultancy firms. This approach aims to provide a unified platform that allows companies operating in its premises to complete their regulatory and banking requirements quickly, easily, and efficiently. The free zone also supports its investors and entrepreneurs to develop and expand their businesses and commercial projects at the local and regional levels.

Posted by : GoDubai Editorial Team
Viewed 1722 times
Posted on : Sunday, June 20, 2021  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : The Oil Gusher #448 Hybrids: Cheap equity or expensive debt?
Next Story : PMI MENA Urges Global Business Leaders at UN Summit to Prioritise Sustainability
Email this article Print this article

Share this article with your friends and followers


Back to Top  
Most Viewed Press Release posted in the last 7 days
GEMS Education Teacher Wins Brand New BMW X2 after Signing Up for an Emirates NB...
Max Factor X Priyanka Chopra Jonas: Matte Confidence Look
Curly Hair Girls Rejoice! Cult Haircare Brand SASHAPURE Launches in the Middle East
Major Saudi Aerospace Players to take part at Dubai Airshow 2021
More Than Half of UAE Residents Affected by Heart Disease
Ministry of Health marks World Patient Safety Day 2021
Ogilvy Names Ben Messiaen Chief Client Officer for EMEA
Wizz Air Abu Dhabi's Inaugural Flight to Bahrain Takes Off
The First Look at OMEGA in No Time To Die
GEMS Winchester School Fujairah becomes UAE's first school to win prestigious GL...
Look out for these Newly-Launched Premium Indian E-Bikes in UAE
SCCI trade Mission to Moscow holds fruitful meetings to boost economic, investme...
Samsung's New Galaxy Z Fold3 5G Receives Exceptional Response in the Pre-Order Phase
Etihad Stuns Visitors to Mall of the Emirates With 50% Flight Discounts
HFZA's Stand at Big Five Woos Investors with Exclusive Privileges and Offers
New Behind-The-Scenes Footage Shows Range Rover Sport SVR Preparing to Make an I...
Lenovo Introduces the Powerful and Flexible ThinkEdge SE70 Edge AI Platform
EETEN Urban Kitchen's Terrace Opens on Wednesday
UAE Home to Prominent Innovation Districts: Middle East Designated Leading Innov...
Block the Gold Rate with Malabar Gold & Diamonds' by Paying just 10% Advance
Etisalat Reasserts Dominance as World's Fastest Mobile Network for the Second Co...
Oris Big Crown ProPilot Rega Fleet Limited Edition
Mubadala World Tennis Championship Returns to Abu Dhabi With New December Dates
Renault of Arabian Automobiles announces 1-3-5 offer on 2022 Renault Koleos
LG Launches Its Most Compact Soundbar in the UAE, The LG Eclair Featuring Dolb...
2021 Green Good DesignTM Award
Louis Moinet Moon Race - A Journey through Space
SEHA Integrates UAE Pass With Its Mobile App and Patient Portal
Thani Grabs Thrilling Grand Prix Victory as Team Abu Dhabi Make Perfect Start in...
Sharjah International Award for Refugee Advocacy and Support Calls for Nominatio...
Ajman University honors its strategic partners on the occasion of the Internatio...
Gulf Youth Sport Expo to Bring Together Leading Industry Experts for Discussions...
Frontline Heroes Thank HH Sheikh MBZ
DHA's Medical Education Department enhances features of its online learning platform
VFS Global Extends Exclusive Visa and Passport Services to Members and Employees...
Hitachi ABB Power Grids to Supply Step-up Transformers for World's Largest Singl...
MBR Creative Sports Award continues to receive nomination files
Abu Dhabi University and the Scholarships Office Sign a Memorandum of Understanding'
Team Abu Dhabi Primed for Big Grand Prix Battle in Italy
Union Coop allocates AED 10 Million on 9 Promotions this September
Volvo Cars and Google Continue Partnership for Next Generation Safe and Connecte...
Genesis G80 Named Best Upper Midsize Premium Car in J.D. Power 2021 Initial Qual...
Aras Group Opens the first franchise of the famous German restaurant Haval Grill...
Dubai Health Authority Opens Registration for Subspecialty Fellowship Programs
The Emirates Literature Foundation 2022 Competitions for Schools Now Open
Summary of Weekly Real Estate Transactions for the Week Ending 16 September 2021
WWE Signs Olympic Gold Medalist Gable Steveson to Exclusive Agreement
Ministry of Health takes part in G20 Health Ministers' Meeting
SEHA Kidney Center Inaugurates Country's First Renal Training Program for Nurses