News

S&P Global Ratings, the world’s leading credit rating agency, expects the UAE’s real GDP to grow by 5.3 percent in 2024, compared to 3.4 percent in 2023. In a new report released today, the credit rating agency said that UAE banks reported exceptional profits for the full year 2023 due to lower provisioning requirements and higher interest margins, in addition ...

The UAE’s Comprehensive Economic Agreement with Cambodia has officially entered into force, promising to enhance trade flows, create opportunities for strategic investment, and accelerate economic diversification for both countries. The agreement will do so through the removal or reduction of tariffs on more than 92% of product lines, eliminating unnecessary barriers to trade, and improving market access for service exports. ...

Today (February 8), the Sharjah FDI Office (Invest in Sharjah) — in collaboration with the Consulate of Malaysia and the Malaysian Business Council — conducted the ‘Sharjah-Malaysia Business Roundtable’ at the House of Wisdom, convening Chairmen and CEOs of influential entities in Sharjah, along with diplomats, Malaysian delegates, and representatives. The primary objective of the roundtable was to strengthen the ...

Adding yet another feather to its cap and further solidifying Sharjah’s reputation as a preferred destination for specialized global enterprises, the Sharjah Airport International Freezone (SAIF Zone) successfully attracted Heesung PMTech Middle East, a Korean company specializing in platinum group metals (PGM) recycling. The company has established a state-of-the-art refinerشy covering 6,500 square feet within the Free Zone, marking an ...

Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah, witnessed on Monday morning, at the Medical and Health Sciences Complex, the signing of a memorandum of understanding between the University of Sharjah and the University of Lübeck in Germany, which includes research coordination in applying artificial intelligence in the fields ...

The Sharjah Chamber of Commerce and Industry (SCCI) has announced a series of significant achievements made over the course of the past year (2023), underscoring its multifaceted endeavours in bolstering the business community. In 2023, the Chamber saw a notable increase in its total registered memberships, reaching 72,187, with 7,160 new members joining—a growth rate of 10 pertcent from the ...

The Sharjah FDI Office (Invest in Sharjah), and Sharjah Investors Services Center (SAEED) participated at the seventh edition of the Sharjah Entrepreneurship Festival (SEF 2024) between February 3-4, which convenes over 200 startups, creative minds, and change-makers from across the globe. The two-day event themed “Our Shared Canvas” which takes place at the Sharjah Research Technology and Innovation Park (SRTIP) ...

Her Excellency Sheikha Bodour bint Sultan Al Qasimi, President of American University of Sharjah (AUS), attended the launch of the AUS Alumni CEO Club, a dynamic platform that empowers meaningful connections among accomplished business leaders who are AUS alumni. Expressing gratitude for the attendees’ commitment, Sheikha Bodour emphasized the club’s vital role in facilitating and fostering collaboration and giving back ...

In the presence of Sheikha Bodour Al Qasimi, Chairperson of Sharjah Entrepreneurship Center (Sheraa), thousands of curious changemakers have joined a galaxy of pioneers, founders, leaders and visionaries from around the world at the 7th annual Sharjah Entrepreneurship Festival (SEF 2024), which has opened with high-caliber keynotes and insights from extraordinary individuals who are shaping the future of the business ...

The Sharjah FDI Office (Invest in Sharjah) presented its unique investment opportunities during the recent Asian Financial Forum, revealing the array of its services and facilities aimed at stimulating growth and trade exchange in the Arab region as well as the Asian continent. During the two-day event, the Invest in Sharjah delegation was led by His Excellency Mohamed Juma Al ...