Sharjah: The Sharjah Finance Department (SFD) organised the 4th Financial Forum for the year 2025 with the attendance of a distinguished group of officials, financial specialists, and employees from over 70 government and independent entities in Sharjah. The event is part of the SFD’s efforts to promote best practices in preparing public budgets and to enhance the culture of financial efficiency and sustainability in Sharjah. According to Emirates News Agency, Arwa Al Owais, Director – Fiscal Policy office at the Sharjah Finance Department and Head of the Financial Forum Team, emphasised the importance of this ongoing gathering. She stated that

Sharjah: The Sharjah Chamber of Commerce and Industry (SCCI) hosted a panel discussion entitled ‘Industry Pioneers -Make it in the Emirates’, in the presence of Abdallah Sultan Al Owais, Chairman of SCCI. Organised by the Sharjah Youth Council (SYC) in collaboration with the Ministry of Industry and Advanced Technology (MoIAT)’s Youth Council, the session focused on presenting future opportunities within the UAE’s industrial sector to Emirati youth. According to Emirates News Agency, the event aimed to enhance youth involvement in the national ‘Make it in the Emirates’ initiative to promote the industrial sector as a key pillar of the UAE’s

Abu Dhabi: The Central Bank of the UAE (CBUAE) announced a 1.8% increase in the money supply aggregate M1, rising from AED965.3 billion at the end of January 2025 to AED982.9 billion by the end of February 2025. This rise resulted from a AED4.1 billion growth in currency in circulation outside banks and a AED13.5 billion increase in monetary deposits. According to Emirates News Agency, the CBUAE’s Monetary and Banking Developments report for February 2025 highlighted a 1.8% growth in the money supply aggregate M2, which went from AED2,319.3 billion at the end of January to AED2,361.9 billion at the

Sharjah: Sharjah Airport International Free Zone (SAIF Zone) has taken a significant step forward in establishing itself as a prime location for innovative investment with the inauguration of the first industrial enzyme production facility in the Middle East. This groundbreaking facility has been set up by BeeyahTech Chemicals Industries FZC and spans over 8,600 square feet, with a total investment of approximately AED6 million. According to Emirates News Agency, the new facility aims to expand BeeyahTech Chemicals Industries’ reach into critical sectors such as petroleum, textiles, and detergents. By leveraging cutting-edge biotechnology, the company plans to offer sustainable, high-performance enzyme

Abu Dhabi: Bank of Sharjah has announced a strong start to 2025, posting a net profit of AED116 million for the first quarter ended March 31, 2025, marking a 45% increase compared to AED80 million in Q1 2024. According to Emirates News Agency, the solid performance follows the Bank’s remarkable turnaround in 2024 and reflects continued momentum driven by sound strategy, disciplined risk management, and improved operational efficiency. The Bank’s first-quarter results were underpinned by a resilient balance sheet, prudent asset allocation, and a sustained focus on business growth. Operating income rose to AED201 million, up 40.6% year-on-year, while the