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RMM Global FZCO at
DAFZA a boon
For most of the 1,450 companies at the
Dubai Airport Freezone, tax free incentives
such as no levying of company and personal
income taxes are the major factors in the
decision for a multinational company to open
a branch or regional office in the Freezone.
DP World posts 8% decline
in 2009 volumes
Ports giant DP World has faced an 8% down in container volumes in 2009 as against the
previous year earlier, due to the “challenging” conditions facing the global shipping industry.
Excluding the performances of the new terminals that joined the network during the course
of last year, volumes declined by 10 percent - an improvement on a drop of 13 percent in
the first half. Across all 50 of DP World’s terminals, twenty-foot equivalent (TEU) volumes
dropped by 6 percent during 2008, the company announced.
Recall puts brakes
on Toyota’s growth
Toyota has had what might be perceived
to be a nightmare start to the year with
the issue of two recall notices affecting
seven million vehicles globally across its
model range built over the last five years.
Alarmingly the concerns are over cars
accelerating out of control which, thus
resulting in accidents involving several
fatalities in the last decade. Whilst the first
recall issued a few months ago related to
floor mats riding up and catching under
accelerators – which alone affected over
four million vehicles, the latest relates to the
pedal mechanism becoming sticky, causing
it to stay depressed, or returning too slowly
to idle.
“The company’s annual turnover in 2009
touched AED 62 million,” said Naim Zehil,
Director of RMM Global FZCO. “For RMM
Global FZCO, a commodities trading, and
logistics company Dubai’s strategic location
between the Far East and European market,
transparency, security, stability and probusiness
policies of Dubai and
the UAE’s visionary leadership were the
main factors in RMM Global’s decision
to base their worldwide operations’ main
office in Dubai from its earlier location in
London,” he added.
“In 2003 while scouting for a business
location for our company, I told my partner
that I would base the decision to shift based
on the friendliness of the businessmen,
investors, business environment and
customer services,” Zehil said.
This was a very positive indication of
Dubai’s welcoming attitude for investors
and one of the factors in my decision to
move to Dubai.” “As companies engaged in
international commodities, trading partners
in our main markets are Japan, Europe, US,
Middle East, UAE and India. He added that
in his business, his trading partners would
look for the location of trading partners and
would not look kindly to a company based in
a country with in security, instability or follow
laws not accepted in other major countries.
10 Link May 2010