GoDubai
  
  
  
  
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 >> Government, Legal

 
  Share

UAE, March 6, 2018 - The Department of Economic Development in Ajman (DED-Ajman) has started collecting a Corporate Social Responsibility (CSR) fee from companies and establishments applying for or renewing their commercial license. The move is in pursuant to Cabinet Resolution No. (2) of 2018 issued by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in February.  The DED-Ajman has begun collecting CSR fees since March 1, 2018.

H.E. Ali Issa Al Nuaimi, Director General of DED Ajman, said that CSR, which plays an important role in nation building, is an integral part of the overall operations of public and private entities. By steadily adopting and implementing a CSR program, social responsibility will become part of the UAE lifestyle, H.E. added. To help spread the CSR culture in the country, DED Ajman is calling on all employees and registered companies and establishments to take up cause-oriented initiatives and projects to help flourish the work environment and contribute to the CSR system development in Ajman.

H.E. Al Nuaimi added: “CSR contributes to the development and sustainability of various sectors, as well as enhances cooperation between DED-Ajman and businesses operating in the emirate. It directly impacts our sustainable development and economic prosperity for the well-being and happiness of our people. Our latest move is also in line with the directives of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, to launch relevant local and international CSR initiatives to highlight their significant role in our society as we move towards a green and sustainable economy for the happiness of our communities.”

The CSR fee of AED 1,500 is being collected from companies and establishments in Ajman in compliance with the Cabinet resolution enacted to establish a framework for CSR contributions in the country. Part of the framework is identifying CSR-related incentives and benefits and determining the roles and responsibilities of authorities in promoting socially responsible corporate citizens.

The Cabinet resolution also aims to support the country's socio-economic developments and other significant advocacies such as environment protection using the collected CSR funds. Additionally, it seeks to promote environment-friendly policies, innovation, and scientific research to come up with effective solutions to societal challenges, as well as establish sustainable CSR strategies in business organizations.

The resolution also includes the formation of the National CSR Fund as a federal administrative entity with legal, financial, and administrative independence. The Fund includes a smart CSR platform which aims to organize voluntary contributions for project and program developments as well as record and coordinate all CSR efforts in the country.



Posted by : GoDubai Editorial Team
Viewed 3349 times
Posted on : Tuesday, March 6, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Business France debuts inaugural FRANCE PAVILLION at OGWA 2018
Next Story : Dubai Government Workshop celebrates its achievements during Annual Ceremony
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
NARS Erdem SS19 Beauty Report
Diana Arno Expands Online Shopping to Middle East
Introducing Home Fragrance at Robinsons, Dubai Festival City
Introducing VK Beauty Lounge & Bar
Defying Age With Skin Republic's Gold and Platinum Face Masks
The Future Is Here
Roberto Cavalli's Exclusive Duo of Fragrances
Lacoste.12.12 Collection
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabba...
FOREO To Attend TFWA: the World's Largest Travel Retail Show
Trevor Sorbie Range Relaunches in the UAE
Dubai Parks and Resorts Celebrates Saudi National Day
Honor Set to Go Beyond Limits With the Launch of Honor 8x
Carl F. Bucherer Celebrates Debut of Its Online Boutique on Jd.Com Launch of Lim...
O Boticário Opens in Dubai its First Amphora Store outside Brazil Come Join...
Pamper yourself at Perfumery & Co this month, at The Dubai Mall
The Mummies of Dubai Give Their Kids a Preppy Style Makeover
GROHE Smart Home: The App-Controlled Water Security System
Huawei Deepens Cooperation with Duisburg to Transform Germany's Industrial Hear...
Ministry of Human Resources and Emiratisation, Huawei and Honor launch ICT Compe...
New GUESS Handbags for FW18
Le Meridien Dubai Hotel & Conference Centre's Restaurant Promotions- October
Hyperloop Transportation Technologies, Partners, and Government Stakeholders Mov...
William Collection by Hugo Boss
Al-Futtaim ACE launches its stylish new Outdoor collection
du Wins Smart Cities Award at the Telecoms World Middle East 2018
Tips & Toes Hits the Big 3-5!
Honda voted “Preferred Sedan Car Brand of the Year” for the fourth year in a row
Al-Futtaim Toyota swoops another win at the Filipino Times Awards
Dubai Design Week continues to grow, cementing Dubai as the design capital of t...
Eberhard & Co. Scafograf 100 For Elegant Lady
Mousses Etoiles to reveal the latest luxury designs of commercial-use outdoor fu...
Tata Communications launches a specialised cyber security lab at Shanmugha Arts,...
Consonni Wraps Up La Vuelta a Espana With a Seventh Place Finish for UAE Team Em...
Abu Dhabi wins bid to host 2022 ITU Grand Final in world first
Akamai Unveils Solutions at IBC 2018 Designed to Mitigate the Challenges and Cos...
Cadillac XT4 Delivers Dynamic Driving Experience
WWE® Crown Jewel Set for November 2 in Saudi Arabia
du Opens New Business Centre in DIFC for Enterprise Customers
New Homologations for Pirelli Tyres
The Ferrari Monza SP1 and SP2 unveiled – the first models in a new concept of li...
Volunteers from the UAE join hands with the community in Tasset Peulh village in...
Sharjah's Recognition as ‘Accessible City for Physically Disabled' Hailed as His...
Dubai Festival City Mall Celebrates KSA National Day with Special Imagine Show
2018 FW in style at Zippy
The Dubai Business Women Council meets with the UN Assistant Secretary-General t...
Fidu Properties unveils second office in Dubai; eyes expansion in UAE
Registration for the 5th edition of Camel Trek is now open
New Headmaster for Repton School, Abu Dhabi School's Rose Campus (FS1 to Year 1...
Huawei becomes one of the first multi-national technology companies to register ...