Home / Business

Business

Aster opens 120-bed Medcare Hospital Sharjah

Aster DM Healthcare has opened its largest hospital in the United Arab Emirates: a new 120-bed general hospital in Sharjah, located on King Faisal Street in the centre of Sharjah city. The healthcare group started operations at the new ‘Medcare Hospital Sharjah‘ with a soft launch last month. The new property, brings the group’s number of hospital beds in the ...

Read More »

Sharjah Holding launches third Al Zahia neighbourhood

Sharjah Holding has launched a third neighbourhood in its AED 5.5 billion ($1.5b) Al Zahia mixed-use gated community development. The new Al Lilac neighbourhood will be one of seven in Al Zahia and will consist of 120 residential units. About 2,270 homes are expected to be built in the 14 million square foot master-planned development by 2022. Developed by Majid ...

Read More »

Sharjah gears up for faster door-to-door services

Sharjah is installing more than 102,000 signboards across the emirate as part of a new Postal Code system. Officially launched by Sharjah Urban Planning Council (SUPC) in 2015, Sharjah’s new post code initiative provides emirate-wide local post codes, linked to a geographical information system (GIS), with accompanying street signage. The new system opens up new opportunities for ecommerce, door-to-door retail, logistics ...

Read More »

Ahalia Medical Group to open hospital in Sharjah Healthcare City

UAE-based Ahalia Medical Group has signed an agreement with Sharjah Healthcare City (SHCC) to open a 100-bed general hospital. The new development is expected to be the first hospital to be established in the free zone. According to the SHCC administration, a number of enquiries have also been registered from overseas hospitals and medical groups interested in establishing operations in Healthcare ...

Read More »

ARADA unveils its first master-planned residential community

ARADA, a new mid-market property developer recently announced by KBW Investments and Basma Group, has launched Nasma Residences, a new master-planned residential community in Sharjah focused on ‘aspirational yet accessible living in an urban setting’. Located at the heart of one of Sharjah’s most dynamic residential and mixed-use residential areas, the company expects to complete the 5 million square foot development ...

Read More »

New white oils plant opens in Hamriyah Free Zone

Petroleum Specialties Pte. Ltd., the Singapore-based specialised oil trading subsidiary of diversified conglomerate Apar Industries Limited, has opened a new manufacturing operation in Sharjah’s Hamriyah Free Zone. The group’s first fully-owned factory outside of India, the new US$18 million (AED 66m) Petroleum Specialities (FZE) unit will manufacture industrial white oils. The term ‘Industrial white oils’ typically refers to pure petroleum ...

Read More »

Bank of Sharjah confirms $500m EMTN issue

Bank of Sharjah P.J.S.C. (BOS:ADX), Sharjah’s second biggest bank by net assets, has announced the completion of a senior five-year unsecured fixed-rate notes issue totaling US$ 500 million (AED 1.84b), under the bank’s new Euro Medium Term Note (EMTN) programme. Pricing was set at 250 basis points over mid-swaps (a benchmark for calculating bids) to yield at 4.23 percent. Bank ...

Read More »

Sharjah launches international food industries hub

Hamriyah Free Zone Authority has launched ‘Sharjah Food Park’, a regional hub for the Middle East and North Africa’s multi-billion dollar food industry, dedicated to food import, export, storage, manufacture and packaging. The new world class zone will be the region’s largest dedicated facility for food industries, covering a total area of 11 million square metres (118 million square feet), and ...

Read More »

Bank of Sharjah plans five-year bond issue

Bank of Sharjah P.J.S.C. (BOS:ADX), Sharjah’s second biggest bank by net assets, has set initial guidance for a new five-year international bond, according to lead arrangers this week, confirming an expected price of 250 basis points over mid-swaps (a benchmark for calculating bids). Bank of Sharjah is believed to be planning to issue a US$ 500 million (AED 1.84b) 5-year ...

Read More »

Carillion wins Bee’ah Sharjah HQ construction contract

The £4 billion turnover British contractor Carillion Plc has confirmed that it was awarded the contract to build the new, state-of-the-art, eco-friendly headquarters for Bee’ah, Sharjah’s award-winning integrated environmental and waste management company, sometime last year. Carillion collaborated with UK-based Zaha Hadid Architects to win the contract and will manage the project via its UAE venture Al Futtaim Carillion. The ...

Read More »