Economy

The Hamriyah Free Zone Authority (HFZA) has cemented its leading position and appeal for investment in the oil and energy sector following a deal with an Indian company Infinite Mining & Energy. Infinite announced that it is going to double its investment in the free zone and establish a multifunctional oil refinery. The new facility will have a daily production ...

Remarkable growth signifies the enduring appeal that Sharjah holds for businesses The emirate of Sharjah has recorded a spectacular year-on-year growth in its manufacturing sector with a sharp 7 percent increase in the renewal of industrial licences in 2022, according to the Sharjah FDI Office (Invest in Sharjah). This was announced by the office during its participation in the second ...

The Ministry of Finance (MoF) has called on the public to rely only on official publications and posts issued by MoF and the Federal Tax Authority (FTA) regarding the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the Corporate Tax Law) and the associated Cabinet and Ministerial Decisions. The Ministry said a number of posts ...

Sharjah Economic Development Department “SEDD” succeeded in passing the procedures of the periodic follow-up visit to the ISO 9001:2015 Quality Management System Certificate after passing the audit phase on all work procedures followed by it, and ensuring that all conditions and requirements of the total quality system in its various departments are met. The scope of the application of this ...

Sharjah’s gross domestic product grew by 5.2 per cent last year, driven by economic diversification efforts that are aligned with the emirate’s development strategy. The emirate registered Dh136.9 billion ($37.2 billion) in GDP earnings last year compared with Dh130.1 billion in 2021, Sharjah’s Department of Statistics and Community Development said on Tuesday. The DSCD data is based on a survey ...

The Sharjah Chamber of Commerce and Industry (SCCI) has discussed with the Department of Government Relations in Sharjah ways to develop and strengthen cooperation and coordinate the development of effective mechanisms for exploring new markets, creating economic partnerships, and monitoring investment opportunities in various key sectors. Both sides also discussed ways to bolster Sharjah’s position as an attractive economic hub ...

The Sharjah Chamber of Commerce and Industry (SCCI) and Sharjah Media City (Shams) have discussed exploring opportunities for collaboration and enhance coordination to support investors in the emirate. The two sides also discussed exchanging best practices in media promotion and marketing of economic programmes, initiatives, and projects, with a particular focus on developing innovative marketing channels and mechanisms to promote ...

The report shows that the total number of real estate transactions executed in the emirate during the first quarter of 2023 has reached 21,486 transactions, with a total value of AED 5.9 billion, while the total value of real estate mortgages amounted to AED 1.7 billion. His Excellency Abdulaziz Ahmed Al Shamsi, Director General of Sharjah Real Estate Registration Department, ...

sheikh Majid Al Qasimi, Director of the Sharjah Department of Government Relations (DGR), reviewed with a delegation from Japan, led by Sekiguchi Noboru, Consul-General of Japan in the UAE, ways to bolster bilateral relations and collaboration across multiple domains. The meeting took place at the headquarters of DGR in the presence of Toshihide Yasaka, Deputy Consul-General of Japan in the ...

SHARJAH, 10th February, 2023 (WAM) — The Ministry of Industry and Advanced Technology (MoIAT) and the Sharjah Foreign Direct Investment Office (Invest in Sharjah) signed a Memorandum of Understanding (MoU) at the 6th Sharjah Investment Forum to promote investment opportunities. Held under the theme ‘Redefining Economies: Making Significant Strides for a Better Future’, the forum aims to promote and attract ...