“Transport Working Group”, a joint meeting that brings together government agencies and the private sector
Ajman Chamber reviews the current situation of the transportation sector and its proactive solutions.
2 min
The Ajman Chamber of Commerce and Industry (ACCI) held a joint meeting of its “Transport Working Group” to discuss the current situation of the transportation sector and develop proposals and proactive solutions to overcome the sector’s challenges in a way that supports the continuity and growth of private sector businesses.
The meeting was attended by H.E. Salem Al Suwaidi, Director General of the Ajman Chamber, and Mohamed Ali Al Janahi, Executive Director of the Member Support Services Sector at the Ajman Chamber. The Ajman Transport Authority, the Department of Municipality and Planning – Ajman, the Department of Economic Development in Ajman (Ajman DED), the Ajman Free Zone (AFZ), the Department of Port and Customs – Ajman, and officials and representatives of a group of private sector establishments (construction companies, transportation companies, and factories) also participated in the meeting.
At the beginning of the meeting, H.E. Salem Al Suwaidi welcomed the attendees and pointed out that the Ajman Chamber is keen to keep pace with all economic decisions and circulars at the federal and local levels. He stressed that the Ajman Chamber is diversifying its channels to increase cooperation and partnership between the government and private sectors to support the local economy and enhance the position of the Emirate of Ajman as a leading investment destination.
The meeting addressed the challenges of the transportation sector and its direct impact on all fields and reviewed a set of solutions and proposals that ensure business continuity and the sustainability of private sector establishments. It also reviewed the government’s efforts to prevent any increase in the prices of construction and transportation materials after postponing the implementation of the Cabinet’s decision regarding weights and dimensions of heavy vehicles.
For his part, Al Janahi stressed that the Ajman Chamber aims, through its working groups, to achieve its goals aimed at establishing a participatory approach that ensures the development of flexible future policies and strategies that enhance the contribution of the various sectors in increasing the emirate’s domestic product, protecting commercial and industrial interests, and enabling the various sectors to keep pace with the accelerating changes in the business environment and the dynamism of the markets.
The participants stressed the importance of the meeting and the role of the Ajman Chamber in convening specialized working groups and opening direct communication channels between government agencies and the private sector, which unites efforts and visions to ensure business continuity, economic sector growth, and sustainable development.
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Employment grew for the 16th consecutive month as companies expanded.
2 min
According to a recent PMI report, Qatar experienced its fastest non-energy sector growth in almost two years in June, driven by surges in both existing and new business activities.
The Purchasing Managers’ Index (PMI) headline figure for Qatar reached 55.9 in June, up from 53.6 in May, with anything above 50.0 indicating growth in business activity. Employment also grew for the 16th month in a row, and the country’s 12-month outlook remained robust.
The inflationary pressures were muted, with input prices rising only slightly since May, while prices charged for goods and services fell, according to the Qatar Financial Centre (QFC) report.
This headline figure marked the strongest improvement in business conditions in the non-energy private sector since July 2022 and was above the long-term trend.
The report noted that new incoming work expanded at the fastest rate in 13 months, with significant growth in manufacturing and construction and sharp growth in other sectors. Despite the rising demand for goods and services, companies managed to further reduce the volume of outstanding work in June.
Companies attributed positive forecasts to new branch openings, acquiring new customers, and marketing campaigns. Prices for goods and services fell for the sixth time in the past eight months as firms offered discounts to boost competitiveness and attract new customers.
Qatari financial services companies also recorded further strengthening in growth, with the Financial Services Business Activity and New Business Indexes reaching 13- and nine-month highs of 61.1 and 59.2, respectively. These levels were above the long-term trend since 2017.
Yousuf Mohamed Al-Jaida, QFC CEO, said the June PMI index was higher than in all pre-pandemic months except for October 2017, which was 56.3. “Growth has now accelerated five times in the first half of 2024 as the non-energy economy has rebounded from a moderation in the second half of 2023,” he said.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
