Sharjah has unveiled a budget of AED 29.1 billion for 2020, which is a 2 per cent increase compared to last year.
More than one-third of the proceeds will go towards infrastructure development.
The emirate will also spend more on social programmes, economic activities, culture and education.
The increase in spending is expected to create about 500 new jobs for Emiratis.
UAE reinforces trade flow stability, supply chain resilience
The UAE’s Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has chaired a high-level coordination meeting in Dubai, bringing together global shipping leaders and maritime industry representatives to tackle ongoing challenges affecting regional supply chains.
Meta unveils first AI model from costly superintelligence team
Meta Platforms on Wednesday unveiled Muse Spark, the first artificial intelligence model from a costly team it assembled last year to catch up with rivals in the AI race.
UAE, Bahrain central banks announce currency swap agreement
The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of Bahrain (CBB) have announced the establishment of a currency swap agreement with a nominal value of AED 20 billion (BHD 2 billion) and a tenor of five years.
Borouge shareholders approve $1.32 billion 2025 dividend
Shareholders in Abu Dhabi-listed Borouge approved a $1.32 billion dividend for 2025 on Tuesday, as the petrochemicals company reported strong financial performance.
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