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Massive MED evaporators shipped from Sharjah

Sharjah-based process equipment manufacturer Quality International, has shipped its third massive Multi Effect Distillation (MED) evaporator unit to Kuwait for the first phase of the Az-Zour North Independent Water & Power Project, one of the largest power and water production projects in the Middle East. According to the manufacturer, the MED Evaporators for the project are the largest of their ...

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New council to support local SMEs

The UAE’s Council of Small and Medium-Sized Enterprises and Projects is in the final stages of formation and will soon begin implementing programmes to grow and develop the small and medium-sized enterprise (SME) sector. SMEs have been identified as critical for the economic and social development of emerging markets, playing a major role in creating jobs, developing economic growth, and ...

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ATS Terminal Hamriyah doubles capacity

ATS, a UAE-based logistics company catering to the global shipping, logistics and marine industries, has doubled the capacity of its liquid storage terminal at Sharjah’s Hamriyah Free Zone as part of an estimated AED 100 million (US$ 27m) investment in the facility. The state-of-art liquid storage terminal has increased capacity from its initial 22,000 cubic meters to 42,000 cubic meters ...

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Air Arabia named Best Low-cost Airline in the Middle East

Sharjah-headquartered Air Arabia (AIRARABI:DFM) has been named the Best Low-cost Airline in the Middle East at the annual Skytrax World Airline Awards. It is the second time in three years that the carrier has won the coveted award, following its previous Skytrax award in 2013. Air Arabia is the largest low-cost carrier operator in the Middle East and North Africa ...

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Gulftainer launches operations at Port Canaveral

The Sharjah-headquartered international port operator Gulftainer has announced the commercial opening of its new Canaveral Cargo Terminal at Port Canaveral in Florida, USA. GT USA, Gulftainer’s US business, signed a 35-year agreement with Port Canaveral last year to manage the port’s new container and multipurpose sea cargo terminal. Port Canaveral is a cruise, cargo and naval port in Brevard County, ...

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Regus opens at Expo Centre Sharjah

Global workplace provider Regus has opened a new serviced office centre at Expo Centre Sharjah, one of the region’s leading exhibition venues. The new business centre at Sharjah Expo is one of three Regus facilities in Sharjah, providing fully equipped serviced offices. Expo Centre Sharjah , now hosts fully equipped and ready-to-go workspaces, in a convenient location adjacent to the ...

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Bank of Sharjah sets guidance for senior bond issue

Bank of Sharjah P.J.S.C. (BOS:ADX) has set guidance for its US$ 500 million (AED 1.84b) 5-year senior unsecured bond. Guidance for the bond was confirmed by lead arrangers on Monday at 180 basis points (bps) over midswaps (a benchmark for calculating bids), plus or minus 5 bps. The bank ran an roadshow with lead arrangers from 21 to 25 May ...

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BP, Dana Gas sign participation agreement

Sharjah-based energy company Dana Gas PJSC (DANA:ADX) has completed an agreement with global oil and gas giant BP, whereby Dana Gas will drill the first exploration well in Egypt’s Al Matariya onshore concession area. Under the terms of the agreement, BP, as operator, will carry Dana Gas for its 50% share of the cost of the well, subject to an ...

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Bank of Sharjah plans US$500m bond

Bank of Sharjah P.J.S.C. (BOS:ADX) is firming up plans to issue a US$ 500 million (AED 1.84b) senior unsecured bond and has organised an investor roadshow with lead arrangers beginning on Thursday May 21st in London. The bank disclosed its board decision to issue a senior unsecured bond with a five-year term to shareholders in April. Bank of Sharjah has ...

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New US$20m nylon webbing factory opens in Sharjah

UK-based Bash-P International, the flagship lifting equipment manufacturing company of the Safety & Services Group, has opened a US$20 million (AED 73m) nylon ‘lifting webbing’ manufacturing unit in Sharjah Airport International Free Zone (SAIF Zone). The unit is the first dedicated lifting webbing factory in the Middle East and North Africa. The new factory will produce nylon/polyester webbing material ranging ...

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