Sharjah banks InvestBank (INVESTB), Sharjah Islamic Bank (SIB) and United Arab Bank (UAB) all announced strong profits for the first nine months of 2014. Investbank reported a six percent increase in net operating profit to AED 373 million (US$101m ), SIB reported a 33.5 percent increase in net profits to AED 295 million (US$ 80m), whilst UAB reported a 20 percent ...

Sharjah International Airport‘s new AED 500 million (US$ 136m) airport runway was opened this week, significantly expanding the airport’s capacity, in line with its goal of handling 25 million passengers by the year 2025. The new runway adds capacity for large and new-generation ICAO Code F aircraft such as the Airbus A380 and Boeings B747-8 Intercontinental and B747-8 freighter, plus ...

Sharjah International Airport passenger traffic registered a 16 percent increase in the third quarter of this year compared with the third quarter of 2013. Sharjah handled 2.4 million passengers during the same period, compared with 2 million passengers in Q3 2013, while, overall, 7.3 million passengers passed through the airport since the beginning of the year. 17,830 flights landed or took ...