News

The UAE ranked first in the Arab world and 29th globally in the competitive industrial performance index issued by the United Nations Industrial Development Organization (UNIDO) 2022, as it rose two ranks compared to the year 2021, in the index that monitors the performance of 153 countries, leading the performance of countries at the regional level. For the second year ...

Herald Holdings (FZE), a global conglomerate of logistics and shipping companies, has signed an investment agreement with the Sharjah Airport International Free Zone (SAIF Zone) to expand its operations and strengthen its presence in the region. The agreement, inked by Saud Salim Al Mazrouei, Director of SAIF Zone, and Krishna Kaladharan, Managing Director of Herald Holdings, marks a significant milestone ...

India has signed an agreement with the United Arab Emirates that will allow it to settle trade in rupees instead of dollars, boosting India’s efforts to cut transaction costs by eliminating dollar conversions. During a visit by India’s Prime Minister Narendra Modi to the UAE on Saturday, the two countries also agreed to set up a real-time payment link to ...

UAE Minister of Economy Abdullah bin Touq Al Marri, and Olivier Becht, Minister-in-charge of Foreign Trade, Attractiveness, and French Nationals Abroad, have reviewed the prospects of growing bilateral trade exchanges and advancing investments across various fields. This came as the two ministers met in Abu Dhabi on Thursday in the presence of Nicolas Niemtchinow, the Ambassador of France to the ...

Arada has reported a record-breaking sales performance during the first half of the year, as buyer demand for its lifestyle communities in Sharjah and Dubai continues to gather pace. The master developer posted a 186 percent increase in sales in the first six months of 2023 compared to the same period in the previous year, with the total value of ...

As the UAE prepares to host the all-important 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in November in Dubai, the Sharjah Research, Technology, and Innovation Park (SRTIP) is among the active players proactively supporting the global event’s goals of combating climate change. COP28’s lofty objectives of accelerating global efforts of reducing emissions ...

He took the legal oath before His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, may God protect him, His Excellency Mohammed Hassan Al Suwaidi, Minister of Investment in The Federal Government, in the presence of ...

Brokerage companies at the Dubai Financial Market added 26,953 new investor accounts in the first half of 2023. The market reportedly witnessed significant momentum since the announced listing of 10 governmental and semi-governmental companies, including the Dubai Electricity and Water Company (DEWA), the TECOM Group, and Union Coop, Salik, and Al Ansari, among others. The number of new investor accounts ...

During Sharjah Guest of Honour’s participation at the 65th edition of the international event The Sharjah Commerce and Tourism Development Authority (SCTDA) in a momentous occasion is participating in the emirate’s Guest of Honour program at the 65th Seoul International Book Fair for the first time. As part of its agenda during the international event, the authority is showcasing the ...

The Sharjah Entrepreneurship Center has organized a “Technology Hackathon” in Sharjah, UAE. The event was organized to promote the use of Chat GPT technology to help students in their academic journey. The winners of the event were divided into four to six teams, each focusing on a specific sector of the economy, such as art, education, travel and hospitality. The ...