Government

Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council (SEC), chaired a meeting of the Council on Tuesday, at the Ruler’s Office in Sharjah, in the presence of Sheikh Abdullah bin Salem Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Sharjah Executive Council. Following the ...

Region’s leading FDI forum held under the patronage of His Highness the Ruler of Sharjah As global economies transition from readying themselves for the Fourth industrial revolution, to devising frameworks and capital markets that pave way for a profitable and sustainable future, the 4th Sharjah FDI Forum, slated to take place on 10 and 11 of December, under the patronage ...

The UAE government has created a buzz of expectation with its plans to introduce a 10-year residency visa to attract investors and new talent. The new visa rules, to be in place by the end of 2018, have potentially far-reaching consequences at a time when major developed countries such as the US are putting up barriers in visas and immigration ...

Top Sharjah officials and economic stakeholders have welcomed the move by global credit ratings agency, Standard & Poor’s (S&P), reaffirming Sharjah’s BBB + / A-2 sovereign credit ratings in long- and short-term. Lauding the decision by the global watchdog, they emphasised that Sharjah’s economic outlook remains healthy and positive in short and long terms, thanks to the Emirate’s diverse economy ...

Sharjah’s gross domestic product (GDP) reached AED92.7b in 2017, increasing by an average of 4.7 per cent, according to figures released by the Sharjah Economic Development Department. Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department, (SEDD) said that the increase in GDP reflects the wise vision of His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, ...

Sharjah 24: Dr. Rashid Al Leem, Chairman of Sharjah Electricity and Water Authority (SEWA), said that central cooling systems contribute to the reduction of energy consumption by 30% to 40%, and that SEWA has started implementing studies for adopting such systems in buildings and facilities in new areas throughout Sharjah City and began rehabilitating specialised cadres of citizens to work ...

Sharjah 24: As part of the delegation of the UAE, the Sharjah FDI office ‘Invest in Sharjah’ has participated in the 3rd Belt and Road Summit in Hong Kong, with more than 5,000 participants from 55 different countries. The UAE participated in the summit with a high-level delegation headed by the Ministry of Economy, including a number of senior officials ...

The UAE Cabinet has approved a new long-term visa for international investors and talented professionals and is set to introduce an investment law allowing 100 per cent foreign ownership this year, according to an announcement on Sunday. State-news agency WAM said UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum directed the Ministry of Economy to ...

Sharjah Investment and Development Authority’s (Shurooq) project portfolio in the UAE spans 11.74km2, it has been revealed. In the last nine years, Shurooq’s real estate investments have amounted to $2.1bn (AED7.6bn), which includes completed and ongoing projects. Shurooq’s portfolio includes large-scale projects such as Al Qasba, Al Majaz Waterfront, and Al Montazah Amusement and Waterpark, as well as the Al ...

UAE’s game-changing investment law, which will allow up to 100 per cent ownership to foreign investors in some specific onshore business sectors, is expected to prop up private and foreign direct investments when it will be finally introduced in the last quarter of this year, economists and analysts said. The law, eagerly awaited by the business community, was widely expected ...