A new US$100 million (AED 367m) art and culture themed 5-star luxury beachfront hotel and resort, the Majlis Grand Mercure Sharjah, is to be built on Sharjah’s corniche and managed by global hotel operator Accor. The new development was announced this week by H.E. Sheikh Sultan bin Ahmed Al Qasimi, chairman of Basma Group Sharjah and H.R.H. Prince Khaled bin ...

Sharjah Investment and Development Authority (Shurooq) unveiled its plans for Al Noor Island at the Arabian Travel Market 2015 this week. The AED 80 million (US$23m) tourism and leisure project, which is currently under construction on the 45,470 square meter Al Noor Island in Khalid Lagoon in Sharjah, will combine nature, art and entertainment. Scheduled for completion in the fourth ...

Sharjah Islamic Bank CEO Mohammed Abdulla rang the opening bell at Nasdaq Dubai on Sunday to celebrate the listing of US$500 million (AED 1.84 b) sukuk on the exchange. It is the second sukuk to be listed by Sharjah Islamic Bank (SIB) on Nasdaq Dubai , following a US$ 500 million listing in April 2013. Global sukuk issuance is expected ...