Recent Posts

Air Arabia Q3 net profit rises 26 percent

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has announced a 26 percent increase in net profit for the three months ending 30 September 2016, compared to the same period last year. The company attributes the strong third quarter-performance to the success of its expansion strategy. The airline has added five ...

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Majid Al Futtaim invests AED 260 million in City Centre mall expansion

Majid Al Futtaim will invest AED 260 million (US$ 71 million) in the redevelopment of City Centre Sharjah, one of Sharjah’s largest shopping malls located on Al Wahda street in the centre of the city. Scheduled for completion in the last quarter of 2017, the expansion will add 13,700 square metres (147,466 sq. ft.) of retail space and is expected ...

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Heart of Sharjah’s new 5-star hotel 50% completed, says Shurooq

Fifty percent of the AED 100 million luxury 5-star hotel project, Al Bait Hotel in Sharjah, has been developed, according to Sharjah Investment and Development Authority (Shurooq). The new hotel, which is expected to be a prestigious hospitality and heritage landmark located in the Heart of Sharjah – the largest heritage-focused project in the region, is being developed to provide a ...

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