Page 3 - Al Tijarah - June 2021
P. 3

Editorial Message




                Thanks to the Solid foundation laid down by the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, the UAE has
                emerged as the fastest growing and most stable country in the region. His views remain the guiding compass for the nation:
                “Wealth is not money or oil. Money is of no use if it is not dedicated for serving people”.


                Hence the country has world-class infrastructure, high quality health system, education and social services. It is due to its advanced
                health services that the UAE has been able to handle successfully the difficult problems brought about by the Covid-19 emergencies.

                In this June issue of Al Tijara, we will read that the global credit rating agency (S & P) has confirmed “BBB” long-term sovereign
                credit rating with stable outlook for Sharjah and “A3” for short-term rating. The agency said that Sharjah’s nominal GDP totaled
                Dhs. 113 billion last year, and is expected to rise to Dhs. 119 billion the year, while continuing to reach Dhs. 134 billion by 2024.


                In this Al Tijara issue, we will read about achievements of Sharjah Free Zones (Hamriya as well as SAIF Zone) in attracting new
                investment companies, thus becoming leading destination for forign investors seeking to expand their operations in the region.


                Another interesting subject-matter in this issue is the ‘Cover Story’ which deals with new digital trends in the UAE banking sector
                as a result of the repercussions of Covid-19 pandemic on this sector. Thus the banking sector is benefiting from the UAE’s national
                initiatives to develop digital skills in the various fields.


                This issue also includes a report issued by Sharjah Real Estate Registration Department on the property market performance in
                the first quarter of this year. We will learn that property transactions during these three months were to the value of Dhs. 6.7
                billion. This confirms the real estate sector’s return to gradual recovering and restoration of investors’ confidence in Sharjah’s
                property market.

                Read the above many other stories in this June issue of Al Tijara.
                Happy Reading!























                                                                                                                 3
   1   2   3   4   5   6   7   8