Douma suffered terribly for its defiance of the former regime, and was the victim of a particularly horrific chemical weapons attack in 2018
mena1 hour ago
Foreign direct investment (FDI) builds a nation's culture, art and literature in addition to a wealthy economy.
This was stated by His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, in his opening address at the second edition of the Sharjah FDI Forum on Wednesday.
The Sharjah Ruler emphasised that manpower is the main pillar of the economy both at the local and international level.
Organised by the Sharjah Investment and Development Authority (Shurooq) in collaboration with the UK's Financial Times and the fDi Magazine, the two-day Sharjah FDI Forum 2016 has been established to offer an inclusive economic outlook for the future of investment in Sharjah, with a focus on FDI.
"The most desirable economy is one which can be measured in terms of its positive effects on society. This can be seen through social stability, strong bonds among people and sustainable sources of income," he said, adding: "We want an economy that contributes to building a society and culture that strengthens ties within it. This culture can create a balance between one's identity and society at large."
He expressed his desire for an economy that creates the foundations for a civilisation with all its aspects, including arts, literature, values and ethics. "This is the real wealth of nations."
He said Sharjah's outlook for foreign investment and investors goes beyond its material implications. Foreign investment is a bridge for cultural exchange and for sharing science, knowledge and expertise.
FDI is a bridge for sharing knowledge in every sense of the word, akin to what trade convoys did in history when they transported books, philosophy and news about discoveries and inventions, along with goods, he explained.
Following the opening address, the Sharjah Ruler honoured the sponsors and media partners of the forum; including the Bank of Sharjah, Enoc, Sharjah Chamber of Commerce and Industry, Sharjah Islamic Bank and Tilal Properties. He also honoured Saja Industrial Oasis and Gulftainer, as well as CNBC Arabia and Sharjah Media Corporation.
- abdulbasit@khaleejtimes.com
Douma suffered terribly for its defiance of the former regime, and was the victim of a particularly horrific chemical weapons attack in 2018
mena1 hour ago
Under a new policy, the country banned increasing prices of nine basic consumer goods including cooking oil, eggs, dairy and rice
economy2 hours ago
The venture leverages Kanoo Energy’s deep regional expertise and Adage Automation’s technological prowess to provide tailored solutions for industries such as oil and gas, petrochemicals, and utilities
kt network2 hours ago
Under Article 71 of the Traffic Law, such violations stipulate a fine of Dh1,000 and the addition of six black points to the driver's record
uae2 hours ago
The mall has curated a mesmerising lineup of live entertainment that promises to captivate audiences of all ages
kt network2 hours ago
This initiative follows a decision from the Emirates Genome Council, approved during the national government's annual meetings
uae3 hours ago
The new store further reinforces Lulu Retail’s footprint in its home market, bringing the total number of stores across the UAE to 107—an increase from 102 at the end of 2023
kt network3 hours ago
The country's emergency situations ministry said its personnel were putting out a fire at the site
asia3 hours ago