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 2940 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
Sacoor Brothers launches FIRST ever Fragrance “GENTLEMAN”
Caudalie The Des Vignes
Trend Alert! Summer Can Never Be a Forgotten Memory With kate spade
Get Your Summer Glow From Within
Palmer's Coconut Oil Formula for Body and Hair
Corum Presents La Grande Vie
Caudalie and Al Jalila Foundation Join Hands for the Launch of ‘Glamour for Good'
Express Your Signature Style
The Memovox Adventure
Tissot Lepine It's making a comeback Vintage
LG launches new AI-powered premium LG G7 ThinQ+ flagship for GCC consumers
The Rado HyperChrome Skeleton Automatic Chronograph Limited Edition
Sandooq Al Watan and DarkMatter Launch Second Phase of "Emirati Coder"
Manero Peripheral (43 Mm) Classic Watchmaking Meets State -of-the - Art Technology
OMEGA's second "Speedy Tuesday" sells in 01:53.17
The Lacoste Family Capbreton Collection
New short indie movie ‘The Peril' is a wake-up call to parents about internet sa...
Ferrari takes the “Red Dot: Best of the Best” design award for the fourth year r...
Dubai Parks and Resorts and GEMS Education launch the second annual Summer Camp
Cerruti 1881 Infinite Love
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon
Olivia Burton Watercolour Florals
Beat the heat with mini dresses
Director of Dubai Customs discusses fostering business with South Korean Consul ...
Tridom, Ras Al Khaimah's first indoor adventure park, opens its doors in Manar Mall
World-first as the F1® Innovation Prize prepares to transform fan's winning tech...
Enjoy an all-day breakfast at Sophie's Café
UAE's Emirates Transport Chooses Oracle Cloud to Drive Rapid Expansion and Deliv...
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for touris...
Airbus unveils winners of its ‘Entaliq in KSA' initiative
DHL Express drives energy efficient solutions with new electric vehicles in Dubai
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable m...
Outstanding Guide programme launched by Sharjah Museums Authority
Tissot T-Race Cycling An adrenaline-fuelled ride
Dubai Creek Harbour Project Celebrates 5 Million Man Hours with Zero Lost Time A...
Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards
Shopping assistance for Arabic-speaking passengers in the summer months
Sighting Immediate Hiring of UAE Nationals, Union Coop Organizes Exclusive Recru...
Launch of PINAR Water - Turkey
Cromia Offers Amazing Discounts during DSS
Dubai Business Women Council witnesses 28.3% growth in total membership during f...
2XL launches luxurious Louna sofa set in velvet
‘Green' retailers to continue to gain traction with consumers
New hope for patients as world's first and only approved therapy to treat two ty...
Emirates makes history with one-off A380 touchdown in Islamabad
Dubai Camel Racing Club Honours Al Tayer Motors
Finnair launches off-airport baggage collection and check-in service in London w...
DKNY Fall 2018
HP Collaborates with Abu Dhabi's Danat Al Emarat Hospital to Re-invent Patients'...
DALBY and its 50 years of experience in hydraulic hooklifts will be present at t...