News

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 ...

Al Bait Sharjah, a new boutique five-start luxury resort in Sharjah, UAE was officially inaugurated today (Thursday) by His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council Ruler of Sharjah. The new hotel becomes the first 5-star luxury hospitality brand in the UAE built on and inspired by rich Emirati heritage and culture. The official ...

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 ...

The Sharjah FDI Office (Invest in Sharjah), the investment promotion agency dedicated to the continued transformation and economic diversification of Sharjah, has successfully eyed increased business opportunities with 80 industry experts and businesses from 20 European countries, during their participation in the ‘Going Global’ business event, which concluded in London, on Thursday. The annual event, which took place at the ...

The Sharjah FDI Office, Invest in Sharjah, has organised the Sharjah-India Business Roundtable on the sidelines of the Indian-UAE Partnership Summit, as part of India’s continued interest in the emirate’s diversified economy. The roundtable focused on addressing the investment opportunities spanning across emerging sectors such as technology, artificial intelligence, AI, and renewable energy, in a bid to expand the number ...

Held under the patronage of His Highness Sheikh Dr. Sultan bin Mohamad Al Qasimi, Supreme Council Member and Ruler of Sharjah, Sharjah Economic Development Department “SEDD”, with a strategic support from the Ministry of Economy and Abu Dhabi Economic Development Department, launches the fifth session of UAE Economic Planning Forum Tuesday 20th of November 2018, under the slogan “Future Economy ...

At a time when the Kingdom of Saudi Arabia’s National Transformation Plan is well underway to reduce the nation’s public-sector dependence by 2030, a high-profile delegation from Sharjah has visited two major cities of the Kingdom – Jeddah and Mecca, on November 26-27, to explore prospects for new partnerships in non-oil sectors, which will drive regional growth. The Sharjah FDI ...