Companies operating in Ajman Free Zone make up more than 30 per cent of the emirate's total exports.
That according to authorities, who say the total number of businesses in the free zone now stands at around 8,000.
Meanwhile, more than 90 per cent of companies chose to renew their licences during the first six months of this year.
"These figures reflect Ajman Free Zone’s appeal among business owners and the great benefits that we offer them, including smart applications and an e-platform that is aimed at making business management simple, easy and accessible from anywhere," said Fatima Salem, Acting General Manager of Ajman Free Zone.
"We are working very hard to drive forward innovation in everything that we do, which is being very well received, and we are very pleased to welcome new companies to the Free Zone."
Dubai's TECOM Group has announced a 15 per cent year-on year (YoY) growth in net profit to AED 293 million for the three month period ended March 31, 2024.
Sony Pictures Entertainment (SPE) and Apollo Global Management APO.N have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported.
Changpeng Zhao, the former chief executive of Binance has been sentenced to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.
Emirates Airline has announced significant changes to its pilot recruitment strategy, which includes higher salaries, new roles and a radical change to eligibility.
Submissions have opened for the first edition of a major initiative to honour food establishments in Dubai for their excellence in standards for safety, nutrition, sustainability and social responsibility.