This year’s Sharjah Foreign Direct Investment Forum (Sharjah FDI Forum 2016), which takes place September 28-29, at Al Jawaher Reception & Convention Centre, will host a panel discussion to explore the strategic relationship between the UAE and India. Titled ‘Growing Trade Links between India and the UAE,’ the activity will form a central plank of the forum, which is organised ...

There are several equitable added values which are derived from the significant role which SMEs play to the strategic global economic development process. Sharjah FDI Forum, organised by Sharjah Investment and Development Authority (Shurooq), in collaboration with Financial Times (FT) and the fDi magazine, has geared up its 2nd edition with a series of complete and comprehensive panel sessions, which ...

Sharjah Chamber of Commerce & Industry (SCCI) will provide 50 new offices free-of-charge to entrepreneurs as part of the chamber’s Incubate Business Programme. According to the chamber, office space will be offered to entrepreneurs that have creative ideas and innovative projects to be executed in the UAE. The chamber hopes that providing office space to promising start-ups will help support ...

Standard & Poor’s has revised its credit ratings outlook from ‘stable’ to ‘negative’, whilst re-affirming the emirate’s A/A-1 sovereign credit ratings for long- and short-term, foreign and local currency. According to S&P, the negative outlook speaks to the potential risk that external demand and economic activity in Sharjah may weaken. However, the global credit rating agency noted that it expects ...

Standard & Poor’s has affirmed the Emirate of Sharjah’s A/A-1 sovereign credit ratings long- and short-term, foreign and local currency, with a stable outlook according to the global rating agency’s mid-year MENA sovereign rating trends report. The report also forecasts the rate of Sharjah’s economic growth to continue to increase through to 2019. S&P began assigning sovereign credit ratings for ...

Promoting Sharjah’s array of investment opportunities to Germany’s business community was the basis of a recent visit to Berlin which was successfully concluded by Sharjah Investment and Development Authority (Shurooq) on the day before yesterday (Friday). During their visit, Shurooq was at the German capital as it organised the Sharjah-Berlin Seminar, while on the second day, it participated at the 19th ...

Sharjah Investment and Development Authority (Shurooq) has signed a Memorandum of Understanding (MoU) with Oxford Business Group, a leading global publishing, research and consulting company. The agreement will see the UK-based organisation conduct an in-depth study on the emirate’s economic landscape, with the report to form the basis of the emirate’s ongoing investment promotion strategy. The ‘Sharjah Report 2016’ will ...

Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, is studying plans for two new real estate developments in Sharjah worth an estimated AED 3 billion (US$822m), according to media reports. The company is also considering projects elsewhere in the region, including possible projects in Saudi Arabia. The new Sharjah projects in consideration are, reportedly, ...

Sharjah Economic Development Department (SEDD) has issued 35 percent more new trade licences during January and February 2016, compared with the same period last year, underscoring the health of Sharjah’s economy. The emirate has enjoyed strong business growth over the past two years, in the face of changing regional economics, while its stable economic outlook has been supported by a ...

Sharjah Economic Development Department (SEDD) is targeting new growth from Sharjah’s manufacturing and industry and aims to provide even higher levels of support to the sector. The Industrial Affairs Department, which was established in 2014, estimates that the contribution from the industrial sector to Sharjah’s GDP (gross domestic product) may grow from its current 14 percent to as high as 25 ...