Economy

Sharjah-based developer Arada has completed the issuance of a $350m sukuk, which has been listed on the London Stock Exchange. The dollar-denominated sukuk was priced at par with a coupon of 8.125 per cent, inside the initial guidance area of 8.25 per cent for a spread of 530 bps over Treasuries. The five-year fixed rate RegS debut sukuk issuance was ...

SHARJAH – The Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has signed a Memorandum of Understanding (MoU) with the Hamriyah Free Zone in Sharjah and the Sharjah Airport International Free Zone (SAIF) to provide financial support to small and medium-sized enterprises (SMEs) and startups operating in either of the free ...

Sharjah Cricket has signed a historic three-year partnership deal with Twenty First Century Media Pvt Ltd (TCM). This premier sports marketing company will be the commercial partner for the conduct of Sharjah Cricket’s domestic tournaments. This deal by one of the oldest cricket councils in the UAE will be among the longest partnerships in the country as it will extend ...

Abdullah bin Touq Al Marri, Minister of Economy, said the UAE aims to increase the size of its economy from AED1.4 trillion to AED3 trillion by 2030. This goal requires adopting new economic diversification strategies, in addition to supporting new economic sectors, including embracing the Fourth Industrial Revolution and employing advanced technologies to advance the national economy, increase research capacities, ...

The Sharjah Chamber of Commerce and Industry (SCCI) has discussed with its Cuban counterpart enhancing joint work to develop commercial activity and areas of economic cooperation between them. The two sides also explored available investment opportunities while highlighting the importance of strengthening communication mechanisms to organise mutual visits of business owners, missions and trade delegations. This came during the meeting ...

Sharjah 24: The Sharjah Chamber of Commerce and Industry (SCCI) supported the business community in 2021, by contributing to the growth of economic sectors, stimulating the Emirate’s trade and investment, and facilitating its growth through its success in achieving a qualitative leap in the number of new memberships. The total number of new memberships reached 6,158, an increase of 61% ...

The UAE and German officials during the meeting. Mariam Almheiri, UAE Minister of State for Food and Water Security, concluded a four-day trip to Germany, where she discussed potential areas of collaboration with local and state government officials. From June 29 to July 2, 2021, Almheiri led a delegation from the UAE on a visit that spanned three cities – ...

The new company plans to process waste streams such as sludge and convert it into alternative fuel for use in the industrial sector Environmental management company Bee’ah and Greek company Polygreen have agreed to form a joint venture to tackle marine pollution and protect the environment. The new company, Evogreen, has already established an alternative raw materials unit within Bee’ah’s ...

The Sharjah Chamber of Commerce & Industry, organised on Wednesday, in collaboration with the Portugal Global – Trade & Investment Agency (AICEP), the Sharjah-Portugal Business Forum, which aims to highlight joint investment opportunities and explore prospects for cooperation and bilateral partnerships in various economic sectors. The forum is also considered a perfect opportunity for businessmen in both countries to meet ...