Business

Sharjah Roads and Transport Authority (Sharjah RTA) has announced that it will replace 767 of its taxi cabs over the next six months, at a cost of AED 42.75 million (US$ 11.6 million). Sharjah Taxi’s fleet has grown from 720 cabs in 2012 to 1,540 this year, transporting an estimated 16.2 million people per annum and accounting for nearly 30 ...

Sharjah’s Al Bait Hotel, which is currently under construction, has won the Interior Design of the Year – Hotels Category at this year’s 2015 Commercial Interior Design Awards, organised by Commercial Interior Design magazine. The designers of the new hotel interior, Godwin Austen Johnson (GAJ), also walked away from the event with an award for their work on JA Manafaru ...

Sharjah’s award-winning integrated environmental and waste management company, Bee’ah, has launched its Tandeef Smart Eco-fleet, setting the benchmark for green vehicle fleets in the Middle East region. Bee’ah has spent the last few years sourcing, developing and integrating state-of-the-art green vehicles, eco-friendly technologies and fleet management systems to create a best-of-breed, eco-friendly street cleaning and waste collection fleet. The Smart ...

Sharjah developers are promoting thousands of new properties available for purchase at the Middle East’s premier property show, Cityscape Global. The developments take advantage of the changes in Sharjah property law introduced last year allowing more properties to be sold with 100 year leases to non-GCC citizens. Tilal City, a 25 million square foot master-planned residential real estate development announced ...

Sharjah’s foreign direct investment promotion looks east this year as Sharjah Investment and Development Authority (Shurooq) takes its trade promotion campaign to investors in China. Shurooq is promoting Sharjah emirate in Dalian and Xiamen during September and organised an investment roadshow in Beijing. Shurooq’s visit to China forms part of an official UAE delegation to China, organised by the UAE ...

Sharjah’s award-winning integrated environmental and waste management company, Bee’ah, has been awarded a five-year waste management and recycling contract for Burj Khalifa in neighbouring Dubai, the tallest tower in the world. The bid award followed a highly competitive tendering process to create a sustainable waste management platform for the Dubai landmark in advance of the upcoming World Expo 2020. Bee’ah ...

Global business aviation services company Gama Aviation plc has announced that it has cut basic handling rates for its fixed base operation (FBO) at Sharjah International Airport by 20 percent following a global review of its operations. The reduction in handling rates ensures that the company’s Sharjah hub is highly competitive when compared to similar offerings in Dubai and other ...

Bank of Sharjah P.J.S.C. (BOS:ADX) has announced a 16 percent increase in net profit during the first six months of 2015, with net profit reaching AED 176 million (US$ 48m) compared with AED 152 million (US$ 41m) during the same period last year. Strong growth in loans and advances contributed to growth, while boosting bank liquidity and capital. Loans and ...

Sharjah’s east coast Khorfakkan Port has been ranked in the top ten most productive ports in the world, according to the 2014 JOC Port Productivity report. The Journal of Commerce compiled the report based on data gathered about 483 terminals and 771 ports from ocean freight carriers representing more than 75 percent of global capacity. All ports listed in the ...

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 ...