Economy

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 ...

The Project Funding Committee of the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) has approved funding for four new small businesses with a total value of AED 720,000. Funding Decisions from Two Committee Meetings These approvals were based on the 32nd and 33rd meetings of the committee, held in January and March 2025, respectively. The meetings were chaired by His ...

Bank of Sharjah has reported exceptional financial results for the year ending 31st December 2024, with a record profit before tax of AED416 million. The bank’s net profit after tax soared to AED385 million, driven by strong revenue growth, effective cost control, and prudent risk management strategies. Strong performance and strategic initiatives Commenting on the results, Sheikh Mohammed bin Saud ...

The volume of real estate transactions in the various regions and cities of Sharjah has amounted to AED 3.5 billion during February 2025, with a total number of 7,768 transactions. Real Estate Diversity Through these transactions, different types of real estate were traded in the Emirate, and included residential, commercial, industrial and agricultural lands, which confirms the provision of diverse ...

The Sharjah real estate achieved a solid and exceptional performance in the first month of 2025, as the volume of real estate transactions reached AED 7 billion during January, while the total number of transactions reached 11,116, and the total area traded in sales transactions reached 10.4 million square feet. Wide options to meet investors Generally, the Sharjah real estate ...

Air Arabia announced its financial and operational results for the full year ending December 31, 2024. AED1.6 billion The airline posted a record pre-tax net profit of AED1.6 billion, reflecting a 4% increase compared to AED1.5 billion in 2023. Total turnover for the year surpassed AED6.63 billion, marking an 11% growth from AED 6 billion in 2023. In 2024, Air ...

The Ministry of Climate Change and Environment, and the Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP) have announced the details of the launch of the first phase of the Blue Visa system in the United Arab Emirates. The Ministry said that 20 sustainability thought leaders and innovators will receive Blue Visa in this phase. The announcement came ...

Bank of Sharjah has acted as a joint lead manager and bookrunner in the successful issuance of a €500 million, seven-year bond for the Government of Sharjah, alongside other international and regional banks. The recent issuance by the Government of Sharjah saw remarkable investor demand, with the order book reaching an oversubscription of 3.5 times. This overwhelming interest from both ...

As revealed by His Excellency Abdulaziz Ahmed Al-Shamsi, Director General of the Sharjah Real Estate Registration Department, the Sharjah real estate has succeeded in achieving exceptional and unprecedented growth during 2024, with a transactions volume amounting to AED 40 billion, and a growth rate of 48% compared to 2023. His Excellency Al-Shamsi commented: “This is the highest trading volume achieved ...