Economy

The Sharjah real estate achieved a solid and exceptional performance in the first month of 2025, as the volume of real estate transactions reached AED 7 billion during January, while the total number of transactions reached 11,116, and the total area traded in sales transactions reached 10.4 million square feet. Wide options to meet investors Generally, the Sharjah real estate ...

Air Arabia announced its financial and operational results for the full year ending December 31, 2024. AED1.6 billion The airline posted a record pre-tax net profit of AED1.6 billion, reflecting a 4% increase compared to AED1.5 billion in 2023. Total turnover for the year surpassed AED6.63 billion, marking an 11% growth from AED 6 billion in 2023. In 2024, Air ...

The Ministry of Climate Change and Environment, and the Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP) have announced the details of the launch of the first phase of the Blue Visa system in the United Arab Emirates. The Ministry said that 20 sustainability thought leaders and innovators will receive Blue Visa in this phase. The announcement came ...

Bank of Sharjah has acted as a joint lead manager and bookrunner in the successful issuance of a €500 million, seven-year bond for the Government of Sharjah, alongside other international and regional banks. The recent issuance by the Government of Sharjah saw remarkable investor demand, with the order book reaching an oversubscription of 3.5 times. This overwhelming interest from both ...

As revealed by His Excellency Abdulaziz Ahmed Al-Shamsi, Director General of the Sharjah Real Estate Registration Department, the Sharjah real estate has succeeded in achieving exceptional and unprecedented growth during 2024, with a transactions volume amounting to AED 40 billion, and a growth rate of 48% compared to 2023. His Excellency Al-Shamsi commented: “This is the highest trading volume achieved ...

Sharjah Consultative Council (SCC) approved a draft law on extractive and non-extractive natural resources corporate tax in the Emirate of Sharjah, during its seventh meeting, held at its headquarters in Sharjah, as part of its work for the second regular session of the eleventh legislative term. The draft law is the first of its kind in the UAE, aiming to ...

The Sharjah Executive Council (SEC), during its meeting, on Tuesday, issued a decision regarding the establishment and formation of the Higher Committee for Economic Integration in the Emirate of Sharjah. His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council (SEC), chaired the SEC meeting held at ...

As part of its efforts to enhance and stimulate the entrepreneurship environment in the Emirate of Sharjah, the Sharjah SME “Ruwad” announced the launch of the industrial sector financing programme, with a financing ceiling of up to 800 thousand dirhams, in addition to other advantages related to the grace period and payment methods. His Excellency Hamad Ali Abdullah Al Mahmoud, ...

Sharjah’s real estate has recorded a high volume of real estate transactions during November 2024, which reached AED 4 billion, and with a total number of 4,606 transactions covering 20.4 million square feet. With these strong statistics and the directives of the wise leadership, Sharjah continues to consolidate its position as a vital real estate center and one of the ...

His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, the Crown Prince and Deputy Ruler of Sharjah Chairman of the Sharjah Executive Council, led a meeting of the Council at the Ruler’s Office. The meeting was attended by His Highness Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Sharjah Executive ...