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Sharjah Media City expands support for entrepreneurs

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Sharjah / WAM Sharjah Media City (Shams) is expanding support for entrepreneurial ventures in the media sector and adding new financing opportunities to its portfolio that target innovative start-ups and SMEs and enable them to secure financing through a strategic partnership and guarantee scheme agreement with venture debt platform Funding Souq. The agreement aims to provide innovative financing facilities for ...

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Dubai records 6.3% jump in energy demand in H1 2022

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  Dubai / WAM Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (Dewa), announced that energy demand in Dubai during the first half of 2022 increased by 6.3% compared to the same period in 2021. Demand for energy in the first half of 2022 reached 23,096 GWh compared to 21,729 GWh in the first half of 2021. ...

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DIFC Courts sees 10% rise in volume of cases

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  Dubai / WAM The Dubai International Financial Centre (DIFC) Courts on Tuesday released its figures for the first six months of 2022, reaffirming increased efficiency of process for businesses engaged with the region’s prime jurisdiction for dispute resolution. The volume of cases across all the divisions recorded a 10 percent increase in the first half of this year, compared ...

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