Economy

Sharjah Economic Development Department (SEDD) launched “Instant Licence” service in order to promote investments and attract investors to the Emirate. This service was launched after obtaining the approval from the Sharjah Executive Council with the aim of enabling investors and entrepreneurs to issue a commercial licence immediately without the need to attach the Memorandum of Association or a signed lease ...

The UAE ranked 10th globally in 2024 for foreign direct investment (FDI) inflows, bringing in a record Dhs167.6bn ($45.6bn), a 48 per cent increase from the previous year, according to the United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2025. The country accounted for 37 per cent of all FDI inflows into the region, reinforcing its position as ...

The Emirate of Sharjah recorded strong performance in its real estate sector during May 2025, with total trading value of AED 5.5 billion across 8,415 transactions in various areas of the emirate. The total traded area of sales transactions reached 13.2 million square feet, which reflects the continued strength and strategic development of the emirate’s real estate market. Sharjah’s real ...

RUWAD, affiliated with Sharjah Economic Development Department (SEDD), announced a 54.3% increase in the number of small and medium national projects joining its membership in 2024, with 449 new projects across various sectors in multiple cities. Integrated benefits and facilities Hamad Ali Abdullah Al Mahmoud, Chairman of the Sharjah Economic Development Department ,stated that the growth in membership reflects diverse ...

The Sharjah Investment and Development Authority (Shurooq) has announced AED 7.2 billion in investments across 52 groundbreaking projects and experiences, transforming over 60 million square feet throughout the emirate. This announcement comes as Shurooq marks 15 years since its inception, highlighting a journey defined by sustainable growth, community impact, and cultural preservation. Rather than simply expanding its footprint, Shurooq has ...

Sharjah’s real estate sector had a strong performance during April 2025, recording 7,206 transactions with a trading value of AED 4 billion across various areas of the emirate. The total traded area of sales transactions reached approximately 10.3 million square feet, which reflects the continued momentum and growth in Sharjah’s real estate market. Dynamic transformation reflecting the market’s growth the ...

Bank of Sharjah has announced a strong start to 2025, posting a net profit of AED 116 million for the first quarter ended March 31, 2025, marking a 45% increase compared to AED 80 million in Q1 2024. The solid performance follows the Bank’s remarkable turnaround in 2024 and reflects continued momentum driven by sound strategy, disciplined risk management, and ...

Statistics from financing programmes results provided by Sharjah Entrepreneurship Foundation “Ruwad”, affiliated with Sharjah Economic Development Department (SEDD), during 2024 show that 13 entrepreneurial projects received financing services totaling AED 2,860,000. This is part of the financing and support services the foundation provides to national small and medium-sized enterprises (SMEs) in the Emirate of Sharjah. This brings the total number ...

The real estate trading value in the Emirate of Sharjah has reached AED 13.2 billion during the first quarter of 2025, with a growth rate of 31.9% compared to the same period in 2024, as it amounted to approximately AED 10 billion. The number of transactions executed by the department reached 24,597, with a growth rate of 4.8% compared to ...

Sharjah Islamic Bank (SIB) commenced the year 2025 with strong financial performance during the first quarter, achieving a net profit after tax of AED 318.9 million, an increase of 24.6% compared to AED 255.9 million in the first quarter of 2024. Income from investments in Islamic financing and sukuk grew by AED 56.2 million, or 6.6%, reaching AED 914.3 million ...