Dubai PR Network, Online Press Release from Dubai and Middle East
 
Government Sector(Government, Legal & Humanity)
Filter PR by
  
DED Ajman starts CSR fee collection from companies and establishments
 

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 : Dubai PR Network Editorial Team
Viewed 3794 times
PR Category : Government, Legal & Humanity
Posted on : Tuesday, March 6, 2018  5:15:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Business France debuts inaugural FRANCE PAVILLION at OGWA 2...
Next Story : Dubai Government Workshop celebrates its achievements during...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Let It Glow [16537-Views]
Filorga Launches FLASH-NUDE Collection [13530-Views]
Let All Your Photos Be Merry & Bright [12560-Views]
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of the precisio... [12145-Views]
HP ProBook x360 11 G3 and G4 Education Edition [11810-Views]
Chrono 4 Grande Taille - an extra-special timepiece [10901-Views]
PopSockets launches a new collection with crystals from Swarovski, the must-have accessory... [10242-Views]
30 Years of Ryder Cup Heroes Confirmed for the 30th Edition of the Omega Dubai Desert Cla... [10016-Views]
Maintain Healthy Skin Year Round [9711-Views]
Free gold coins at Malabar Gold & Diamonds Festival [7643-Views]
American Eagle Is the Go-to Destination for Gifting This Holiday Season' [7631-Views]
MIDO Baroncelli Lady Day & Night collection [7338-Views]
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Palm Jumeirah [6149-Views]
GAZOO Racing Wins Australia Rally at FIA World Rally Championship [6130-Views]
Newby Teas Launches Advent Calendar For Christmas 2018 [6063-Views]
The Interiors Gift Guide with Home and Soul [5728-Views]
Tissot Chemin des Tourelles [5722-Views]
Growth and inclusivity drive Avaya's channel strategy for 2019 [5380-Views]
Time For Enchanting Moments [4941-Views]
Holiday Handbags | GUESS [4575-Views]
BharatMatrimony launches office in Dubai targeting 2 Million Indians [4441-Views]
Get Ready for Party Season with Lottie's new make-up hits [3745-Views]
Festive Gift Sets from Bubble T [3721-Views]
France Attractiveness Scoreboard 2018 Released [3703-Views]
24 Karat Gold Elixir by Mehrunisa Launches in the UAE Beauty Market [3678-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories