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Shurooq, BESIX to invest in a sustainable development waste water project in Sharjah

The Sharjah Investment and Development Authority (Shurooq) and BESIX, the region’s leading company operating in infrastructure concessions and construction, has signed a joint venture agreement to operate and maintain an existing wastewater treatment plant in Al Saja’a area in Sharjah. The newly formed company, called QATRA, will continue developing and expanding the wastewater infrastructure in line with Sharjah’s masterplan, whilst ...

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Marwan Al Sarkal: Strategic Distribution for share capital and investments is what distinguishes Sharjah

His Excellency Marwan bin Jassim Al Sarkal, Executive Chairman of the Sharjah Investment and Development Authority (Shurooq) said: “Key attributions to Sharjah’s diversified growth during 2017 until mid-2018 include the current strategic distribution of capital and investments across new, existing and emerging sectors in the emirate. State entities, such as Shurooq, had a leading role in increasing investments from the ...

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Air Arabia to add Prague to its network

If Prague is in your sights in the later part of this year or early next, Air Arabia has just announced it is introducing a service to the city from December 11, 2018. The low-cost carrier based in Sharjah will operate the flights to the capital of the Czech Republic five times a week, meeting demand for one of the ...

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Sharjah Publishing City unveils first dual license

Dual license will allow companies to take advantage of investment opportunities within the free zone as well as the UAE’s mainland markets The Sharjah Publishing City (SPC) under the umbrella of the Sharjah Book Authority and the world’s first publishing free zone, have signed an agreement with the Sharjah Economic Development Department (SEDD) to launch a new dual trade license ...

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Sharjah’s economy fuelled by AED 11 million Gulftainer investment

The company’s AED11 million investment in the road extension aligns with its objective to play a key role in driving Sharjah’s economy. Gulftainer, one of the world’s largest privately-owned independent port operators, based in the UAE, will invest in the construction of the Saja’a Permanent Access Road. The company’s AED11 million investment in the road extension aligns with its objective ...

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How 10-year visas will affect UAE business owners

The UAE government has created a buzz of expectation with its plans to introduce a 10-year residency visa to attract investors and new talent. The new visa rules, to be in place by the end of 2018, have potentially far-reaching consequences at a time when major developed countries such as the US are putting up barriers in visas and immigration ...

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S&P’s positive ratings for Sharjah to boost global investment

Top Sharjah officials and economic stakeholders have welcomed the move by global credit ratings agency, Standard & Poor’s (S&P), reaffirming Sharjah’s BBB + / A-2 sovereign credit ratings in long- and short-term. Lauding the decision by the global watchdog, they emphasised that Sharjah’s economic outlook remains healthy and positive in short and long terms, thanks to the Emirate’s diverse economy ...

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Sharjah GDP rises to AED92.7b in 2017

Sharjah’s gross domestic product (GDP) reached AED92.7b in 2017, increasing by an average of 4.7 per cent, according to figures released by the Sharjah Economic Development Department. Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department, (SEDD) said that the increase in GDP reflects the wise vision of His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, ...

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Air Arabia takes delivery of two Airbus A320 aircraft

Air Arabia, the Middle East and North Africa’s largest low-cost carrier, on Tuesday said it received delivery of two new Airbus A320 aircraft, bringing its fleet to a total of 53. The new jets from Airbus, marks the completion of all deliveries scheduled for this year, Air Arabia said in a statement. “The delivery of our last two aircraft for ...

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Bee’ah signs agreement with Italian firm on waste management

A newly signed agreement will help explore further study of waste management, waste to energy, as well as land and water remediation, said an environmental group here on Thursday. Environmental management company Bee’ah said it inked a deal with Ambienthesis SPA, a subsidiary of Italy’s renowned Green Holding Group, to swap and explore new discoveries. Khalid Al Huraimel, group CEO ...

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