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Category: Economy
The Sharjah Economic Development Department (SEDD) recently welcomed a delegation from Sharjah Police Headquarters. The purpose of this meeting was to enhance cooperation and exchange expertise between the two parties to better support the business sector, investors, and stakeholders in achieving sustainable economic development across various sectors in the emirate. During the meeting, several key...
India has emerged as the leading source of foreign direct investment (FDI) in Dubai, contributing $3.018 billion in 2024. This investment marks a significant increase from $589 million in 2023, representing a fivefold growth. The data highlights India’s dominant position among top investors in the emirate, followed by the United States, France, and the United...
The UAE Cabinet has officially approved the National Investment Strategy 2031, aiming to transform the country into a leading global strategic investment hub. This initiative targets an increase in annual foreign investment inflows from AED 112 billion in 2023 to AED 240 billion by 2031. According to WAM, during the meeting chaired by His Highness...
The United Arab Emirates has set a target to boost its annual foreign direct investment inflows to 240 billion dirham, which is approximately $65.35 billion, by the year 2031. This announcement was made by Dubai’s ruler, Sheikh Mohammed bin Rashid al-Maktoum, in a recent post on X. In 2023, the UAE recorded foreign direct investment...
President Abdel Fattah Al-Sisi convened with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk to review Egypt’s financial performance and outline the key features of the upcoming fiscal year (FY) 2025/26 budget. The proposed budget includes increased allocations for the “Takaful” and “Karama” social protection programs, reflecting the government’s commitment to enhancing support for...
The United Arab Emirates (UAE) is witnessing a significant evolution in its tax culture, which is crucial for fostering a more sustainable and diversified economy. Analysts and tax experts emphasize that this shift will increase transparency and boost investor confidence. The corporate sector has quickly aligned itself with tax compliance due to effective awareness campaigns...
Two major state-owned oil companies from the UAE and Saudi Arabia have announced a reduction in their benchmark crude oil prices. Saudi Aramco, recognized as the world’s leading oil exporter, has lowered its crude oil prices for Asian buyers in April for the first time in three months. This decision aligns with market expectations following...
The Sharjah Ramadan Majlis 2025 convened on Thursday in Mleiha, focusing on the future of Sharjah’s industrial sector and its significant impact on the local economy. The discussion highlighted multiple strategies aimed at enhancing economic development in the region, fostering partnerships between government entities and private stakeholders. According to WAM, the event featured various experts...
Sharjah’s economy is poised for impressive growth, projected to expand by up to 7.5% in 2025. This optimistic forecast is attributed to smarter policies, increased economic integration, and foreign investments across key sectors, according to Sheikh Fahim Bin Sultan Bin Khalid Al Qasimi, executive chairman of the Department of Government Relations. According to Khaleej Times,...
On International Women’s Day, UAE leaders, including President Sheikh Mohamed, acknowledged the significant contributions and achievements of women across various sectors. President Sheikh Mohamed emphasized that women have a “pivotal impact and achievements in all fields,” highlighting their essential role in the nation’s development. Accordint to The National, in addition to the President, other prominent...