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Economy

Invest in Sharjah Showcases the Emirate’s Advantages to Over 120 Countries at the World Investment Conference in India

The Sharjah FDI Office (Invest in Sharjah) actively explored economic collaboration and investment synergies between Sharjah and prominent business communities in India during its participation in the 27th edition of the World Investment Conference. Organised by the World Association of Investment Promotion Agencies (WAIPA) from December 11-14 in New Delhi, India, the event served as a platform to highlight promising ...

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HFZA, Amazon UAE sign lease agreement for new logistics center

Hamriyah Freezone Authority (HFZA) and Amazon UAE have signed a lease agreement for a new logistics center which will enhance delivery services for customers in the Northern Emirates. In line with HFZA’s vision to bolster economic growth and innovation in the region, the agreement supports Amazon UAE’s commitment to investing in its presence across the country. Once launched, the new ...

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SEC approves proposal for new financing programmes at “RUWAD”

Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Executive Council, and Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Executive Council, attended the meeting. Over the course of the meeting, attendees heard updates on development initiatives spanning a wide range of industries ...

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Mohammed bin Rashid chairs UAE Cabinet meeting, approves Optional System for End-Of-Service Gratuities for private sector Employees

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court; H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy ...

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Shams signs MoU with South Korean MBC

In a milestone step towards international cooperation and advancement of the media industry, Sharjah Media City (Shams) has signed an MoU with Munhwa Broadcasting Corporation (MBC), the largest television and radio broadcasting company in the Republic of South Korea. His Excellency Rashid Abdullah Al Obed, Managing Director of Sharjah Media City, and Hyoung-Mun Choi, Director of Business Centre and Head ...

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Sheraa, Wio Bank sign MoU to empower start-ups in Sharjah

Sharjah Entrepreneurship Centre (Sheraa) has signed a memorandum of understanding (MoU) with Wio Bank, the region’s first platform bank, to empower ecosystem players with Wio platform that is built to reboot banking for the new digital age. The agreement comes within the framework of Sheraa’s vision on the importance of robust, reliable and reputable financial services management for all established ...

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Al Ketbi: SEDC includes 200 manufacturing and exporting companies

Ali Abdullah Al Jari Al Ketbi, Director of the Sharjah Export Development Centre (SEDC) revealed that the centre and the permanent exhibition affiliated with the Sharjah Chamber of Commerce and Industry (SCCI), located in the main building of the Chamber, includes 200 manufacturing and exporting companies, out of approximately 3000 manufacturing companies in the emirate of Sharjah. He also said ...

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Air Arabia net profit up 78% at Dh801 million in H1-2023

Low-cost carrier Air Arabia reported a net profit of Dh801 million, an increase of 78 per cent compared to Dh451 million registered in the corresponding first half of 2022. In the same period, the airline posted a turnover of Dh2.82 billion, a 26 per cent increase year-on-year. More than 7.7 million passengers flew with Air Arabia between January and June ...

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