The Sharjah Chamber of Commerce & Industry (SCCI) has recently launched the “Sadder” (export) Fund, the first of kind fund across the Emirate Sharjah for financing export operations.
“Sadder” Fund falls under the Sharjah Exports Development centre (SEDC) of the SCCI and it aims to increase the rate of exports, open new markets, expand the export map of the SEDC’s affiliates, provide liquidity to exporters, and reduce the risk ratio in export operations through credit insurance.
This comes as part of the SCCI’s relentless efforts to provide the support and boost the UAE’s exports by providing export finance services to local companies, expanding the scope of export business, and penetrating new markets.
Speaking on the launch of the new fund, Abdullah Sultan Al Owais, Chairman, SCCI, said: “The initiative is in line with the wise vision of His Highness Sheikh Dr. Sultan Bin Muhammad Al Qasimi, Member of the UAE Supreme Council and Ruler of Sharjah in terms of achieving economic diversification, which is the backbone of Sharjah’s economic policy.
“Our aim is to support the local economy and enhance its competitiveness by providing financing solutions, including providing guarantees for exporters from national institutions and companies. This would increase the rate of national exports and help them penetrate new markets.”
Continue reading your story on the app
Continue reading your story in the newspaper
True beauty is reflected through humility, believes Shraddha Kapoor
“As an entrepreneur, with an interest in the industry I have carefully been studying the DTC beauty market and it is growing rapidly. I believe it is the future.”
Pak's inoculation drive hit by coronavirus vaccine shortage
Government says it will get 8 million new doses of COVID-19 vaccines by the end of June; with a steady decline in cases, Sindh eases restrictions in Karachi and rural areas
Relaxing virus curbs should be carefully calibrated: MHA
Home Ministry reiterated COVID appropriate behaviour that includes mandatory use of masks, hand hygiene, social distancing and also proper ventilation of closed spaces
Emirates welcomes steps for inbound travellers from India
Passengers from India must undergo a PCR test before departing for Dubai and also ater landing in the emirate
Dubai relaxes curbs for vaccinated Indian flyers
Travellers who have received two doses of UAE-approved jabs will be allowed to enter the emirate; country bans passengers from 3 African nations; UAE reports 2,109 cases, 5 deaths; India asks states to ‘carefully calibrate’ lockdown easing.
Guterres pledges to draw lessons from pandemic
UN chief sworn in for second term, tells Myanmar’s military that democracy must be reinstated, political detainees must be freed and human rights abuses and killings must stop
Zayed University launches ME's first interdisciplinary programme
Students will learn using active learning pedagogy and can earn a Bachelor’s degree in Business Transformation, Computational Systems, and Social Innovation
Germany look for efficiency in clash against Portugal
Ronaldo scored two late goals in a 3-0 win over Hungary on Tuesday. Germany, meanwhile, tried and tried but failed to break through France’s defence in a 1-0 loss. With no goals scored and no points in the standings, the pressure is on Germany to do much better
UAE, Malaysia bilateral trade reaches Dhs7.25b in first quarter of the year
Malaysia to showcase its healthcare expertise and surgical gloves market worth $4.16 billion at Arab Health 2021 in Dubai World Trade Centre
Abu Dhabi temporarily stops use of green pass
UAE reports 1,942 COVID cases, 6 deaths; India should ‘brace’ for third virus wave by October; Pak coronavirus cases drop by 65% in two months; France dumps masks; virus cases surge in Africa.
SIALKOT IS PREPARING FOR take-off
As more Pakistanis are able to afford to fly, Air Sial's founders hope to make their home city one of the major hubs of aviation in the country
London based architectural practice Hopkins Architects designs the Buhais Geology Park Interpretive Centre in the desert plain of al-Madam, an antediluvian seabed basin in the UAE
A centre for learning
Foster + Partners’ House of Wisdom library and cultural centre in Sharjah is officially open to the public
A Sharjah stopover promises visitors an authentic Arabian experience, thanks to the emirate’s rich cultural and natural heritage
A Sharjah icon
The recent restoration of Sharjah’s iconic Flying Saucer returns the Brutalist landmark to its former glory – and investigates its past in the process
LET'S GO ON AN ADVENTURE!
Happiness is an open road. Beg, borrow or buy a motor, stock up on snacks, buckle in the whole fam, and start exploring the best family-friendly activities the Emirates have to offer
4 REASONS WHY AB DE VILLIERS IS THE MOST VERSATILE PLAYER IN IPL 2020
AB de Villiers hasn't yet lost his touch. While it took several games for players to regain match-fitness...
Hit The Road
If you need a change of scenery and have anything from an afternoon to a long weekend on your hands, fill the tank, put on some tunes and start exploring, with our tried and tested road trip routes
Illuminating the path to happiness 'n' prosperity
Being an NRI for half a century and achieving success is no mean feat. But what makes Malayali entrepreneur K V Shamsudheen stand out is the way in which he has transformed the lives of thousands of expatriates by bringing the gospel of financial discipline and wise investment to them
BUSINESSMAN AND PHILANTHROPIST - DR SURINDER PAL SINGH OBEROI
Dr Surinder Pal Singh Oberoi is the Chairman of the Apex Group of Companies with offices in Burj Khalif and in Dubai. He is also Managing Trustee of Sarbat Da Bhala Charitable Trust in Patiala. The Apex Group was established in 1993 under the patronage of Dr Oberoi.