Home / Business

Business

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

Sharjah Ruler opens Sharjah Publishing City

His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, has officially inaugurated Sharjah Publishing City (SPC) at an opening event attended by hundreds of government officials, publishers, authors, journalists other distinguished guests. The first free zone of its type in the world, the new world-class facility provides a tax-free environment for ...

Read More »

Sharjah real estate transactions up 37%

Sharjah registered a 37.2 percent increase in the value of real estate transactions made in the third quarter of 2017 compared to the same period in 2016, according to new statistics released by Sharjah Real Estate Registration Department (SRERD). A total of 34,304 million square feet of real estate was traded during Q3, with a total value of US$ 2.23 ...

Read More »

City Centre Sharjah expansion nears completion

The AED 260 million (US$ 71 million) redevelopment and expansion of City Centre Sharjah, one of Sharjah’s largest shopping malls, is now 75 percent complete. The redevelopment, which will add 13,700 square metres (147,466 sq. ft.) of retail space, is now entering its final phase, according to mall-owner Majid Al Futtaim. The mall project is expected to create hundreds of ...

Read More »