Economy

Keeping with their commitment to support entrepreneurs and build key networks across the region, the Sharjah Entrepreneurship Center (Sheraa) and Endeavor, a global non-profit pioneering in the high-impact entrepreneurship movement, have signed a Memorandum of Understanding (MoU), to ensure alignment and closer collaboration of both parties. The MoU was signed by Najla Al-Midfa, CEO of Sheraa, and Badr Jafar, Chairman ...

The Sharjah Chamber of Commerce and Industry, SCCI, has announced that 5,178 new companies have joined the chamber in 2018, which represents a 7.4 percent growth in the total number of members when compared to the previous year. This increase in membership reflects the competitive advantages offered by the emirate to attract foreign investment and the innovative services provided by ...

Sharjah Economic Development Department “SEDD” issued 5158 licenses in the Eastern Region and 7030 ones in the Central Region in 2018. Commenting on that, His Excellency Sultan Abdullah bin Hadda Al Suwaidi, SEDD chairman, stated that such rates has been achieved due to the great efforts placed by the five branches of SEDD in delivering the services. Likely, His Excellency ...

The Sharjah Chamber of Commerce and Industry, SCCI, held a business meeting with an economic delegation from Afghanistan, where the two sides discussed ways to enhance and develop economic cooperation and trade relations between Sharjah and Afghanistan, as well as promote the investment opportunities available to both sides. Abdullah Sultan Al Owais, Chairman of the SCCI, held discussions with Khan ...

Sharjah Economic Development Department “SEDD” organised a number of benchmarking through 2018, which aims at exchanging experiences, knowledge and best practices in various fields. His Excellency Sultan Abdullah bin Hadda Al Suwaidi, SEDD Chairman, stated that the Department seeks continuously to develop and improve the performance and service according to the highest standards in accordance with the leadership approach in ...

Despite it being globally renowned for its cultural achievements, Sharjah is also known for its investment sector, which maintains a balance of growth across all sectors, according to Mohammed Jalal Al Rayssi, Executive Director of the Emirates News Agency, WAM. “The emirate has proven its ability to anticipate future trends related to foreign investments and has succeeded in attracting and ...

The Government of Sharjah will invest up to 1.9 billion dirhams ($517.32 million) in Invest Bank, the lender said on Wednesday, disclosing details of the two-stage investment plan. The Sharjah government stepped in to support Invest Bank, after it was hit by recent high levels of loans. The Government of Sharjah will buy 1.59 billion shares of Invest Bank for ...

The fourth edition of the region’s leading FDI event, the Sharjah FDI Forum started on Monday (December 10), with optimistic comments by the UAE Minister of Economy and the Shurooq Executive Chairman about the nation’s readiness to promote foreign direct investments (FDIs) as an enabler of sustainable development, despite the slump experienced globally – especially in developed economies – in ...

Sharjah has announced a budget with total expenses of Dh25.7 billion for 2019, marking a 10 per cent growth in comparison to its budget last year. His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah approved the spending for 2019, which will see an increase in spending on public safety as ...

Sharjah Chamber of Commerce and Industry (SCCI) organised a business forum at its headquarters on Thursday, in the presence of Waleed Abdulrahman Bukhatir, Second Vice Chairman of SCCI, Verani Miklosi, First Vice President of the Hungarian Chamber of Commerce and Industry, and a delegation of 28 officials and businessmen representing 19 government and private entities. The discussions occurred during a ...