Economy

SNOC CEO explains how US shale will be big loser from price wars The Sharjah National Oil Co. (SNOC) is not one of the big beasts of the global oil world, certainly in comparison with its giant neighbors such as Saudi Aramco or the Abu Dhabi National Oil Co. (ADNOC). As the SNOC’s CEO Hatem Al-Mosa admits, its production disappears ...

The National Bank of Ras Al Khaimah (RAK Bank) will shut down nine branches from next month as demand for digital banking grows among the UAE residents. The lender will close six branches in Dubai and one each in Sharjah, Khor Fakkan and Abu Dhabi from September 3, 2020. In Dubai, branches in Al Ras, Mirdiff, Marina Diamond, Al Quoz ...

The Sharjah FDI Office, Invest in Sharjah, an affiliate of the Sharjah Investment and Development Authority, Shurooq, organised an interactive business webinar via the Zoom platform on Tuesday, 21st July, 2020, to introduce emerging opportunities in various high-potential sectors to investors and businesses from the United States, US. With 462 US companies currently operating in Sharjah – 200 onshore and ...

The United Arab Emirates’ General Civil Aviation Authority (GCCA) announced yesterday that it would temporarily suspend flights from Pakistan in light of its worsening COVID-19 situation. This suspension, effective Monday, will stand until a laboratory is set up for COVID-19 tests.   A precautionary measure The move is being made to ensure the health and safety of arrivals from Pakistan, with the GCCA ...

Civil aviation authorities clear the airlines to operate flights from Dhaka The Civil Aviation Authority of Bangladesh (CAAB) has decided to allow Turkish Airlines and Air Arabia to operate flights from Dhaka amid the Covid-19 pandemic. “Turkish Airlines will operate three flights on the Dhaka-Istanbul-Dhaka route and Air Arabia will operate two flights on the Dhaka-Sharjah-Dhaka route from the first ...

Dubai ranked 18th in the world’s top 100 emerging start-up ecosystems Sharjah has ranked the top in high growth activation phase ecosystems in the newly launched Global Startup Ecosystem Report (GSER). The UAE’s northern emirate of Sharjah was ranked at the top spot in a list of high-growth activation phase start-up ecosystems globally, according to a new report. According to ...

The tests will be performed at Sharjah Chess Club from 9am to 1pm daily Sharjah: His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, ordered that all government employees in the emirate who are expected to return to work should have a free COVID-19 test. These tests will be done at ...

Mashreq Bank will help SMEs and new entrepreneurs to open business account SHARJAH – Sharjah Media City, known as Shams, and Mashreq Bank, one of the leading financial institutions in the UAE, have announced a strategic partnership to boost entrepreneurship and support business owners in Sharjah. The two entities signed a Memorandum of Understanding, MoU, that will solidify this collaboration and enable ...

SHARJAH, 4th April, 2020 (WAM) — The Board of Trustees of the Sharjah Excellence Award has announced that the registration for the seven categories of the award is now open and will last until the end of October 2020. The award is held under the patronage of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and ...

The exemption is provided to deal with the repercussions of the Covid-19 outbreak Sharjah : Under the guidance of Sheikh Mohammed bin Saud Al Qasimi, Chairman of the Board of Directors of Sharjah Asset Management (SAM), the senior management of SAM announced a three month exemption of rent for tenants in Souq Al Haraj and Souq Al Jubail. The exemption is provided to deal ...