Business

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 ...

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, ...

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 ...

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 ...

The Sharjah Investment and Development Authority (Shurooq) has announced in cooperation with General Hotel Management Ltd (GHM) that September 1, 2018, will be the opening date of the region’s most coveted heritage resort, ‘Al Bait’ located in the Heart of Sharjah, the largest historical preservation and restoration project in the region. The opening of the five-star hotel Al Bait, the ...

The 2018 Oxford Business Group report for Sharjah has shown that the emirate’s policy of diversification and its success in attracting foreign direct investment is driving the economy towards new heights. The document, ‘The Report Sharjah 2018’, provides an in-depth analysis of the most prevalent sectors and industries, highlighting the move away from hydrocarbons and towards a diverse and innovation-led ...

The UAE Cabinet has approved a new long-term visa for international investors and talented professionals and is set to introduce an investment law allowing 100 per cent foreign ownership this year, according to an announcement on Sunday. State-news agency WAM said UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum directed the Ministry of Economy to ...

ARADA is launching Phase 4 of the UAE developer’s record-breaking Sharjah community, Nasma Residences, following exceptional sales in the project’s earlier phases The release of 302 units in Phase 4 will also include the launch of the Bareem Townhouses, a stylish collection of two- and three-bedroom homes created for couples and young families. The Bareem Townhouses will be launched at ...

Sharjah Investment and Development Authority’s (Shurooq) project portfolio in the UAE spans 11.74km2, it has been revealed. In the last nine years, Shurooq’s real estate investments have amounted to $2.1bn (AED7.6bn), which includes completed and ongoing projects. Shurooq’s portfolio includes large-scale projects such as Al Qasba, Al Majaz Waterfront, and Al Montazah Amusement and Waterpark, as well as the Al ...

Broadening its reach and delivering valuable guidance to those with young ideas in the region, Ajman University (AU) has signed a Memorandum of Understanding (MoU) with Sheraa (Sharjah Entrepreneurship Center). The purpose of the MoU is to support activities that help bridge research and education with industry. Through the Ajman University Innovation Centre (AUIC) this collaboration will also help students, ...