Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has announced a 34 percent increase in its net profit for the three months ending 31 March 2016, compared to the same period last year. The strong first quarter financial results exceeded analyst expectations, despite regional economic uncertainties resulting from lower oil prices. ...

Sharjah Investment Center (SIC), a new 32 million square foot mixed-use industrial development in Sharjah, has sold 80 percent of the plots in its first two development phases to-date, according to Saudi property developer SNASCO. The project, which is a joint venture between SNASCO and UAE investors, has sold 350 plots out of the 15 million sq. ft. area allocated ...

The government role in supporting and growing Sharjah’s real-estate sector was a key topic under discussion at the Middle East Investment Summit (MEIS) 2016, which ran from May 2-3 at the Ritz-Carlton, Dubai International Financial Centre, Dubai. The subject was one highlighted by Sharjah Investment and Development Authority (Shurooq), who is the Gold Sponsor at MEIS 2016, with the government ...