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Economy

Sharjah government plans to invest about $517 million in Invest Bank

The Government of Sharjah will invest up to 1.9 billion dirhams ($517.32 million) in Invest Bank, the lender said on Wednesday, disclosing details of the two-stage investment plan. The Sharjah government stepped in to support Invest Bank, after it was hit by recent high levels of loans. The Government of Sharjah will buy 1.59 billion shares of Invest Bank for ...

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Sheikh Sultan Al Qasimi Opens Sharjah FDI Forum 2018

The fourth edition of the region’s leading FDI event, the Sharjah FDI Forum started on Monday (December 10), with optimistic comments by the UAE Minister of Economy and the Shurooq Executive Chairman about the nation’s readiness to promote foreign direct investments (FDIs) as an enabler of sustainable development, despite the slump experienced globally – especially in developed economies – in ...

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Sharjah’s Dh26 billion budget for 2019 is people-friendly

Sharjah has announced a budget with total expenses of Dh25.7 billion for 2019, marking a 10 per cent growth in comparison to its budget last year. His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah approved the spending for 2019, which will see an increase in spending on public safety as ...

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SCCI discusses strengthening economic relations with Hungarian delegation

Sharjah Chamber of Commerce and Industry (SCCI) organised a business forum at its headquarters on Thursday, in the presence of Waleed Abdulrahman Bukhatir, Second Vice Chairman of SCCI, Verani Miklosi, First Vice President of the Hungarian Chamber of Commerce and Industry, and a delegation of 28 officials and businessmen representing 19 government and private entities. The discussions occurred during a ...

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Sharjah-India bolster economic ties during roundtable discussions

The Sharjah FDI Office, Invest in Sharjah, has organised the Sharjah-India Business Roundtable on the sidelines of the Indian-UAE Partnership Summit, as part of India’s continued interest in the emirate’s diversified economy. The roundtable focused on addressing the investment opportunities spanning across emerging sectors such as technology, artificial intelligence, AI, and renewable energy, in a bid to expand the number ...

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SEDD launches UAE Economic Planning Forum Fifth session

Held under the patronage of His Highness Sheikh Dr. Sultan bin Mohamad Al Qasimi, Supreme Council Member and Ruler of Sharjah, Sharjah Economic Development Department “SEDD”, with a strategic support from the Ministry of Economy and Abu Dhabi Economic Development Department, launches the fifth session of UAE Economic Planning Forum Tuesday 20th of November 2018, under the slogan “Future Economy ...

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Invest in Sharjah in KSA to Attract New Business and Boost Regional Economy

At a time when the Kingdom of Saudi Arabia’s National Transformation Plan is well underway to reduce the nation’s public-sector dependence by 2030, a high-profile delegation from Sharjah has visited two major cities of the Kingdom – Jeddah and Mecca, on November 26-27, to explore prospects for new partnerships in non-oil sectors, which will drive regional growth. The Sharjah FDI ...

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Sharjah FDI Forum 2018 showcases UAE’s competitiveness which combines best of developed and emerging markets

Mohamed Juma Al Musharrkh, CEO of the Sharjah FDI Office underscored that among the diversified set of topics the forum will cover is UAE’s position at the global investment map and discuss the best of developed and emerging markets. Stressing upon adaptability, he elucidated that staying abreast of technology, lifestyles, and changing managing systems is the solution. He also explained: ...

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UAE-India Joint Task Force holds meeting in Mumbai

The sixth meeting of the UAE – India High Level Joint Task Force on Investments was held on Monday in Mumbai to review the progress on agreed actions from the previous meeting held in Abu Dhabi in January 2018 and to elaborate a number of new key issues of mutual importance. The meeting was co-chaired by Sheikh Hamed bin Zayed ...

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