Sharjah Economic Development Department (SEDD) has issued 33,149 business licenses during the first half of 2017, consistent with the number of licenses issued during the equivalent periods over the past three years. The department issued 33,192 licenses in H1 2015 and 31,889 licenses during the same period of 2014*. The SEDD statistics exclude those business licenses issued by the emirate’s ...

Sharjah Islamic Bank (SIB) this week announced a net profit of AED 272.9 million (US$ 74.8m) for the first half of 2017, reporting a 6.2 percent increase on the AED 257.0 million (US$ 70.4m) net profit posted for the same period in 2016. SIB also reported a 10 percent increase in total assets, showing AED 36.9 billion (US$ 10.1b) in ...

Passenger traffic grew by 3 percent at Sharjah International Airport during the last quarter, as the airport handled 2.75 million passengers during April, May and June, compared with 2.66 million during the same period of 2016. Overall, Sharjah handled 5.5 million passengers during the first half of 2017, about 3 percent higher than the first half of 2016. Sharjah handled ...