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Economy

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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AED13.4 billion value of real estate transactions in Sharjah in H1 2023

The real estate sector in Sharjah achieved a trading value of AED13.4 billion during the first half of 2023, with an increase of 19.2 percent compared to the same period last year. According to the semi-annual report issued by the Sharjah Real Estate Registration Department on the real estate in the emirate, there were 40,843 transactions in the first half ...

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The UAE Is The First Regionally In Competitive Industrial Performance

The UAE ranked first in the Arab world and 29th globally in the competitive industrial performance index issued by the United Nations Industrial Development Organization (UNIDO) 2022, as it rose two ranks compared to the year 2021, in the index that monitors the performance of 153 countries, leading the performance of countries at the regional level. For the second year ...

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Arada reports 186% rise in sales during first half of 2023 to AED4.26bn

Arada has reported a record-breaking sales performance during the first half of the year, as buyer demand for its lifestyle communities in Sharjah and Dubai continues to gather pace. The master developer posted a 186 percent increase in sales in the first six months of 2023 compared to the same period in the previous year, with the total value of ...

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Dubai Financial Market adds 26,953 new investor accounts in first half of 2023

Brokerage companies at the Dubai Financial Market added 26,953 new investor accounts in the first half of 2023. The market reportedly witnessed significant momentum since the announced listing of 10 governmental and semi-governmental companies, including the Dubai Electricity and Water Company (DEWA), the TECOM Group, and Union Coop, Salik, and Al Ansari, among others. The number of new investor accounts ...

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SEDD, SBWC sign MoU to enhance cooperation

The Sharjah Economic Development Department (SEDD) signed a Memorandum of Understanding (MoU) with the Sharjah Business Women Council (SBWC) to enhance cooperation and coordination between the two parties to provide high-quality services, by uniting efforts between the various entities and local authorities in Sharjah. The agreement aims to achieve the emirate’s vision in the field of digital transformation and contributes ...

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