Recent Posts

Factories fire up in Europe to pull economy back from abyss

Bloomberg Volkswagen AG is rebooting plants, Airbus SE is up and running and UK builders will soon be erecting homes again as Europe starts returning to work after coronavirus shutdowns plunged the region into its worst economic slump in living memory. Factory doors are reopening after nations from Denmark to Germany began easing restrictions on public life, with Italy, France ...

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Sharjah intensifies its inspection campaigns

SHARJAH / WAM The Sharjah Economic Development Department (SEDD) intensified its inspection campaigns of economic establishments during the Holy Month of Ramadan to protect consumers and ensure the provision of the finest services to citizens and residents in Sharjah. SEDD aims to guarantee that all economic establishments in Sharjah are committed to its rules and regulations. This is done by ...

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SIB profit hits AED153.7mn in first quarter

SHARJAH / WAM Sharjah Islamic Bank (SIB) projected strong results despite the current situation, with net profits totaling AED153.7 million in the first quarter of 2020 compared to AED151.7 million in 2018, an estimated 1.3 percent increase. In a statement by the bank on Sunday, the balance sheet reflects the bank’s strong performance and sound financial position with total assets ...

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