Economy

The Sharjah Ports, Customs and Free Zones Authority has launched an integrated logistics corridor, developed in coordination with Oman Customs, as part of an advanced logistics system designed to strengthen connectivity between the Emirate of Sharjah and Omani ports via land borders. The logistics corridor is aimed at enhancing the efficiency and sustainability of regional supply chains, improving the flow ...

The Sharjah FDI Office (Invest in Sharjah) has reported strong foreign direct investment performance in 2025, with the emirate recording a 45% year-on-year increase in project numbers, an 8.8% rise in capital investment, and 25.7% growth in job creation compared with 2024. The results underscore Sharjah’s expanding role as a competitive investment destination and reinforce its position on the global ...

Air Arabia reported a net profit of AED 278 million for the first quarter ending March 31, 2026, with revenues of AED 1.8 billion and 4.7 million passengers carried. The airline said results were achieved despite operational challenges linked to regional disruptions, while maintaining stable performance supported by strong demand and efficient capacity management. Air Arabia, the Middle East and ...

Sharjah Entrepreneurship Center RUWAD, affiliated with Sharjah Economic Development Department, recorded strong growth in support for entrepreneurial projects during the first quarter of 2026. Funding provided to businesses in Sharjah rose by 108 per cent year-on-year, reaching AED1.5 million, while government procurement contracts with member projects increased by 130.8 per cent to AED2.3 million. Entrepreneurship moving towards future-focused sectors Hamad ...

Sharjah’s real estate sector recorded transactions worth AED 3.5 billion in April 2026, through 15,669 transactions across various areas of the emirate. The total traded area in sales transactions reached approximately 13 million square feet, reflecting the stability of Sharjah’s real estate market. Sharjah.. A Stable real estate environment The real estate sector in Sharjah is witnessing a state of ...

The Sharjah Economic Development Department (SEDD), along with its affiliate Ruwad, is participating in the “Make it in the Emirates” Forum, held from 4 to 7 May at the Abu Dhabi National Exhibition Centre (ADNEC), and organised by the Ministry of Industry and Advanced Technology. The forum aims to boost industrial growth and support economic diversification efforts in the UAE. ...

Under the directives of Her Highness Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Entrepreneurship Center (Sheraa), the Center has launched its Entrepreneurs Resilience Fund on April 24th, 2026. The Fund introduces fast-tracked financial, operational, and marketing support for Sharjah-based startups and SMEs, enabling founders to navigate current market dynamics with resilience and sustain their operations with confidence. ...

The Sharjah Economic Development Department (SEDD) reported robust economic performance indicators for the first quarter of 2026, with a total of 18,921 business licences issued and renewed, compared to 18,768 licences in the same period of 2025, demonstrating a 1% overall increase. The Department reported a significant 36% increase in newly issued licences, reaching 2,991, while renewed licences totalled 15,930 ...

Sharjah’s real estate sector delivered outstanding results during Ramadan 2026, with total transaction value reaching AED 4.6 billion, marking a significant 71.8% increase compared to AED 2.7 billion recorded during Ramadan 2025. This strong performance highlights sustained market momentum, driven by rising demand across diverse property segments and reinforced by the emirate’s position as a secure and attractive investment destination. ...

The Project Financing Committee of the “RUWAD”, affiliated with Sharjah Economic Development Department (SEDD) (SEDD), held its 41st meeting at the department’s headquarters. The meeting was chaired by Hamad Ali Abdullah Al Mahmoud, Chairman of the Department, and attended by committee members Saeed Ghanem Al Suwaidi, Faisal Jassim Al Midfa, Fahd Al Khumairi, Dr Mudathir Abdullah, and Noura Al Zarooni. ...