Business

His Highness Dr. Sheikh Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, has issued a Decree-Law, on the annexation of Sharjah Entrepreneurship Foundation (Ruwad) to the Sharjah Economic Development Department (SEDD). Decree-Law No. 4 of 2020 stipulates that Ruwad to be annexed to SEDD and under SEDD’s head in the organisational structure. According to ...

Emirate was actually able to bring down its gas import bills during recent market turmoil The entrance to the Mahani gas well site operated by Sharjah National Oil Co.. Along with its Italian partner Eni, the Sharjah entity is scouting around for more finds. Sharjah: After discovering its biggest gas find in 30 years, Sharjah is continuing explorations for potential ...

Sharjah Islamic Bank (SIB) recently recorded a 55 per cent increase among users of digital channels and smart services, while the number of digital services and banking application users surged by 35 per cent compared with the same period last year. The increase in dependency on digital services for cash management, was observed since the outbreak of Covid-19 limited access ...

The Sharjah liquidity support mechanism will help boost liquidity of local banks and enable them to lend to businesses Sharjah’s finance department initiated a Dh4 billion liquidity support mechanism for banks on Tuesday to help businesses affected by the coronavirus pandemic. Issued as 12-month dirham-denominated paper in several tranches, the Sharjah liquidity support mechanism (SLSM) sukuk represents the first rated ...

The Sharjah Chamber of Commerce & Industry (SCCI), has recently announced the completion of 15 per cent of the infrastructure development project for the 10th industrial zone in Sharjah. The project is held under the patronage of His Highness Sheikh Dr Sultan Bin Muhammad Al Qasimi, Member of the UAE Supreme Council and Ruler of Sharjah, and in collaboration with ...

A sale could happen as soon as this week and proceeds will be used for general budgetary needs, sources said The emirate of Sharjah hired banks to raise as much as $1bn from international debt markets, joining wealthier Gulf states to shore up its finances against the fallout of the coronavirus pandemic. The third-biggest sheikhdom in the United Arab Emirates ...

Chief Executive Officer of the SRTI Park, HE Hussain Al Mahmoudi The financing of the projects will be identified in the pilot phase of SRTI Park’s recently-launched Accelerator Program The Sharjah Research, Technology and Innovation Park (SRTI Park) and Sharjah-based waste management company Bee’ah have signed a strategic partnership to attract, support and finance the next generation of local and international startups in the ...

Partnership between ADEX and Sharjah Chamber of Commerce and Industry designed to boost exports in the region Abu Dhabi Exports Office (ADEX) and the Sharjah Chamber of Commerce and Industry (SCCI) are partnering together on a strategic initiative to help boost exports from one of the leading manufacturing hubs in the region that provides a significant contribution to the UAE’s ...

The Sharjah Chamber of Commerce & Industry (SCCI), stated that it has issued 4527 electronic Certificates of Origin in March and April, while the total number of memberships until the end of April reached 1215, including 46 new memberships and 1169 renewed memberships. The number of new members from the free zones reached 115 during the same period. This comes ...

The Sharjah Chamber of Commerce & Industry, SCCI, represented by the Sharjah Training & Development Center (STDC), has recently launched an online course on the “infection and ways to prevent and combat it”. The training course is targeting the business community, corporate officials, and the private sector, as part of the SCCI’s preventive measures to ensure the safety of Emirati ...