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Sharjah ranks among world’s high-growth start-up ecosystems, report says

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 ...

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Sharjah Islamic Bank records 55% increase in use of online services

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 ...

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Sharjah rolls out Dh4bn stimulus to support businesses amid Covid-19

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 ...

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