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Crescent Enterprises announces new $150m venture capital division

Sharjah-headquartered diversified holding company Crescent Enterprises has announced the launch of its new corporate venture capital division with plans to invest up to US$150 million (AED548 million) over the next three years. The announcement was made at the Sharjah Entrepreneurship Festival (SharjahEF), organised by the Sharjah entrepreneurship centre, Sheraa, this week. According to the company CEO Badr Jafar, Crescent Enterprises ...

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Sharjah to award 10% of all digital projects to start-ups and SMEs

The Government of Sharjah aims to award 10 percent of all digital transformation projects to start-ups and SMEs (small and medium-sized enterprises), according to an announcement made at the inaugural Sharjah Entrepreneurship Festival (SharjahEF) by ‎the emirate’s Department of Government Relations. Organised by Sheraa, the Sharjah Entrepreneurship Centre, SharjahEF took place on November 21st and 22nd at the Sharjah Golf ...

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Air Arabia to lease six Airbus A321neo long-range jets

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has signed a leasing agreement with U.S.-based Air Lease Corporation (ALC) for six Airbus A321neo long range aircraft. The long range airliners are built with the Airbus A321 new engine option, featuring CFM International engines. The 215-seat passenger jets will be delivered from ...

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Sharjah’s Emirates Industrial City 75% leased out

Seventy-five percent of Sharjah’s Emirates Industrial City (EIC) has now been leased, according to a a report in the UAE’s Khaleej Times newspaper, and an additional AED 200 million (US$ 55m) of plots are expected to be sold by the first quarter of 2019. Launched in 2005 by the investment consortium Emirates Company for Industrial Cities, the massive multi-use development ...

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Mleiha unveils new ‘Time Machine’ family packages

Mleiha Archaeological and Eco-tourism Project, a premier tourism and leisure destination from Sharjah Investment and Development Authority (Shurooq), is inviting youngsters, their friends, and families to travel back in time to discover the wonders of the past in a new series of packages designed to be both fun and educational. The adventurers can explore the remains of a 70-million-year old ...

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Shurooq engages global travel trade at WTM London

Sharjah Investment and Development Authority (Shurooq) has concluded its participation at the World Travel market London, which commenced November 6. The authority used its attendance at the premium travel industry event to showcase its portfolio of existing and future projects, and opportunities and promotional offers they provide for both investors and tourists. Shurooq’s stand at Sharjah Tourism and Commerce Development ...

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Shurooq appoints eco-hospitality specialist Mantis to manage ‘Sharjah Collection’

Sharjah Investment and Development Authority (Shurooq) has revealed that Mantis Collection, the owner of some of the world’s finest boutique hotels and eco escapes, will be managing all hospitality facilities under its ‘Sharjah Collection’ brand. The joint venture was officiated and announced at the 38th World Travel Market (WTM) London that was held in the UK from November 6-8. Shurooq ...

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Al Islami Foods opens its largest factory in the Middle East

Leading UAE halal food manufacturer Al Islami Foods has opened its biggest food production facility in the Middle East in Sharjah’s Hamriyah Free Zone. According to Al Islami Foods, the new 10,000 square metre (32,800 sq. ft.) factory is expected to create over 100 new jobs, increase the company’s food product production by 150 percent and allow it to launch ...

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Sharjah to host largest Entrepreneurship Festival in the UAE

Sharjah Entrepreneurship Center, Sheraa, conducted a press conference to announce the launch of the largest entrepreneurship festival in the UAE at the Sheraa Hub, American University of Sharjah in the presence of leading industry experts and strategic partners. Celebrating and recharging the spirit of entrepreneurship, Sharjah Entrepreneurship Festival (SharjahEF) makes its grand debut in Sharjah this November, 2017. SharjahEF, organized ...

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World’s third largest book fair opens in Sharjah

With more than 1.5 million book titles and 1,650 publishing houses from 60 countries, Sharjah International Book Fair (SIBF) opened its doors to public and trade visitors today. Now the third largest book fair in the world, the publishing mega-event takes place from 1 to 11 November at the Expo Centre Sharjah, which has added a 42,000 square foot (3,900 ...

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