logo
Sharjah Radio concludes 'Ruwad Al Athir', and awards winners

Sharjah Radio concludes 'Ruwad Al Athir', and awards winners

Sharjah 243 hours ago
Competitive finale encouraging innovation
Ahmed Buklah stated that the finale of the first edition of 'Ruwad Al Athir' witnessed a competition among 12 start-up entrepreneurs to motivate and encourage them to innovate and adopt economic projects that serve the Emirate and cultivate a creative and proactive generation.
Supporting young talent
Buklah explained to 'Sharjah 24' that the 'Ruwad Al Athir' programme reflects the radio station's goals of supporting young talent and encouraging them to continue their journey of giving and creativity. The programme aims to make the Emirate a hub for talent, in line with the vision of His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah.
Awards and financial support
The Acting Head of Radio Content highlighted that the radio station provided direct financial support to the top three winners, with AED 15,000 for each. Additionally, the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) granted five licences, while Sharjah Islamic Bank contributed by opening bank accounts for three pioneering projects
.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sharjah Radio concludes 'Ruwad Al Athir', and awards winners
Sharjah Radio concludes 'Ruwad Al Athir', and awards winners

Sharjah 24

time3 hours ago

  • Sharjah 24

Sharjah Radio concludes 'Ruwad Al Athir', and awards winners

Competitive finale encouraging innovation Ahmed Buklah stated that the finale of the first edition of 'Ruwad Al Athir' witnessed a competition among 12 start-up entrepreneurs to motivate and encourage them to innovate and adopt economic projects that serve the Emirate and cultivate a creative and proactive generation. Supporting young talent Buklah explained to 'Sharjah 24' that the 'Ruwad Al Athir' programme reflects the radio station's goals of supporting young talent and encouraging them to continue their journey of giving and creativity. The programme aims to make the Emirate a hub for talent, in line with the vision of His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. Awards and financial support The Acting Head of Radio Content highlighted that the radio station provided direct financial support to the top three winners, with AED 15,000 for each. Additionally, the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) granted five licences, while Sharjah Islamic Bank contributed by opening bank accounts for three pioneering projects .

Invest Bank's AED 1.65 bn Losses Still Weigh Heavily
Invest Bank's AED 1.65 bn Losses Still Weigh Heavily

Arabian Post

time15 hours ago

  • Arabian Post

Invest Bank's AED 1.65 bn Losses Still Weigh Heavily

Arabian Post Staff -Dubai Accumulated losses at Abu Dhabi-listed Invest Bank stand at AED 1.653 billion, equivalent to 51.6 per cent of its paid-up capital, slightly down from AED 1.69 billion reported in March 2025. The losses originate from legacy impairments dating back to the first quarter of 2018 and continue to erode the lender's financial position. The bank has launched efforts to stabilise its financial health by de-risking its balance sheet. At the same time, the Government of Sharjah, as the major shareholder, has injected capital aimed at bolstering liquidity—a strategic move that aims to shore up the bank's resilience. ADVERTISEMENT Looking back, Invest Bank reported more severe accumulated losses in earlier years. At the end of 2019, those losses amounted to AED 2.21 billion, roughly 70 per cent of capital—a stark contrast to the current levels. By the third quarter of 2022, the accumulated losses were AED 2.16 billion, or about 68.2 per cent of capital, largely due to persistent non-performing loans. In response, the bank implemented remediation measures, writing off AED 2.10 billion in accumulated losses by September 2023, bringing the ratio down to approximately 20 per cent of capital. That period also saw a significant share capital increase. Combined, these figures reveal a notable, though gradual, trajectory of improvement—from 70 per cent of capital in 2019, easing to 20 per cent by late 2023, before creeping back up to 51.6 per cent in the year through March 2025. The strategic role of the Government of Sharjah remains pivotal. Following its initial 50.07 per cent stake in 2019—acquired via a substantial capital injection—the emirate later transferred roughly 20.48 per cent of its shares to the Sharjah Social Security Fund at the end of December 2024, retaining around 70.06 per cent ownership. This shareholder reorganisation suggests an internal shift in governance structure, while financial backing continues. Invest Bank is navigating a complex path of recovery. Its efforts to de-risk and recapitalise, combined with consistent shareholder support, offer a cautious optimism. But the level of accumulated losses still significantly exceeds capital, and ongoing remediation will be critical to restore full financial stability.

Abu Dhabi revises DARB toll timings, removes daily and monthly caps
Abu Dhabi revises DARB toll timings, removes daily and monthly caps

Dubai Eye

timea day ago

  • Dubai Eye

Abu Dhabi revises DARB toll timings, removes daily and monthly caps

Abu Dhabi will start charging Darb tolls for an additional two hours in the evening from September 1 and remove daily and monthly caps on toll usage. Making the announcement, the Integrated Transport Centre (ITC) said drivers will be charged AED 4 every time they pass a darb toll gate from 3pm, instead of the previous 5pm. The tolls will not be collected after 7pm. Meanwhile, there will be no changes to the morning period, which will remain 7am to 9am. The tolls will continue to be clocked Monday through Saturday, with no fees collected on Sundays and official public holidays. The authority added that caps on daily toll usage of AED 16 will be removed, along with monthly limits of AED 200 for private vehicles. Currently, monthly daily limits are AED150 for a send private vehicle and AED100 for a third or any additional vehicle. Eligible groups, including People of Determination, low-income families, senior citizens and retirees, will be exempted from the new rule.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store