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SCCI discusses harnessing Italian technology in boosting Sharjah’s manufacturing output

The Sharjah Chamber of Commerce and Industry, SCCI, recently discussed means of developing economic cooperation with the Embassy of Italy to the UAE and the possibility of organising joint economic events to explore investment opportunities and enhance communication mechanisms between business communities in the two countries, as well as to make the most of modern Italian technologies in boosting Sharjah’s ...

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Sharjah to turn 47-hectare landfill into solar energy farm

To build this solar farm, the emirate will first have to reach its zero-waste target and close the Al Saja’a landfill. A 47-hectare landfill in Sharjah will be converted into a solar energy facility once the area is capped, sustainability pioneer Bee’ah announced on Monday. Set to be the first of its kind in the region, this solar energy landfill ...

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Sharjah records Dh6.2b real estate transactions in H1

The emirate of Sharjah recorded up to 28,710 real estate transactions, worth Dh6.2 billion, in the first half of 2020; a rise of 4.1 percent as compared to the transactions recorded over the same period last year. The sales transactions recorded in the first six months of the year covered 15.3 million square feet, as per the latest report of ...

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Sharjah Rulers issues Decree-Law on ‘Ruwad’

His Highness Dr. Sheikh Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, has issued a Decree-Law, on the annexation of Sharjah Entrepreneurship Foundation (Ruwad) to the Sharjah Economic Development Department (SEDD). Decree-Law No. 4 of 2020 stipulates that Ruwad to be annexed to SEDD and under SEDD’s head in the organisational structure. According to ...

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Sharjah remains on lookout for more gas fields and drastically reduce imports

Emirate was actually able to bring down its gas import bills during recent market turmoil The entrance to the Mahani gas well site operated by Sharjah National Oil Co.. Along with its Italian partner Eni, the Sharjah entity is scouting around for more finds. Sharjah: After discovering its biggest gas find in 30 years, Sharjah is continuing explorations for potential ...

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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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SCCI announces completion of 15% of 10th industrial zone project

The Sharjah Chamber of Commerce & Industry (SCCI), has recently announced the completion of 15 per cent of the infrastructure development project for the 10th industrial zone in Sharjah. The project is held under the patronage of His Highness Sheikh Dr Sultan Bin Muhammad Al Qasimi, Member of the UAE Supreme Council and Ruler of Sharjah, and in collaboration with ...

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Sharjah hires banks for $1bn sukuk sale

A sale could happen as soon as this week and proceeds will be used for general budgetary needs, sources said The emirate of Sharjah hired banks to raise as much as $1bn from international debt markets, joining wealthier Gulf states to shore up its finances against the fallout of the coronavirus pandemic. The third-biggest sheikhdom in the United Arab Emirates ...

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