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 ...