News

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 hotels and resorts registered one million guests during the first half of 2015, according to the Sharjah Commerce and Tourism Development Authority (SCTDA), consistent with last year’s statistics. Last year saw approximately two million tourists visit Sharjah throughout the year and the emirate aims to attract 10 million tourist per year by 2021. Sharjah offers more than 100 hotels 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 ...

His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member, Ruler of Sharjah, today announced that Sharjah Investment and Development Authority (Shurooq) is set to develop the Al Hisn Island, a leisure and tourist attraction located in Dibba Al Hisn. Overlooking the Indian Ocean, the project is located on a reclaimed island that was built as a residential ...

The UAE’s Council of Small and Medium-Sized Enterprises and Projects is in the final stages of formation and will soon begin implementing programmes to grow and develop the small and medium-sized enterprise (SME) sector. SMEs have been identified as critical for the economic and social development of emerging markets, playing a major role in creating jobs, developing economic growth, and ...

Sharjah has been recognised by the World Health Organisation (WHO) as the Middle East’s first Healthy City, as a result of the city meeting a wide range of criteria set by the WHO Healthy Cities programme. The programme engages local governments in health development in an effort to prioritise health on the social, economic and political agenda. The WHO Healthy ...

Sharjah Commerce and Tourism Development Authority (SCTDA) has announced a new initiative to promote Sharjah’s tourist attractions and services via hotels and hotel apartments in the emirate. The SCTDA is installing interactive touch-screen information terminals in all five- and four-star hotels as well as luxury hotel apartments in an effort to engage visiting tourists. The new initiative falls under the ...

ATS, a UAE-based logistics company catering to the global shipping, logistics and marine industries, has doubled the capacity of its liquid storage terminal at Sharjah’s Hamriyah Free Zone as part of an estimated AED 100 million (US$ 27m) investment in the facility. The state-of-art liquid storage terminal has increased capacity from its initial 22,000 cubic meters to 42,000 cubic meters ...

The American University of Sharjah (AUS) has been ranked 7th in the 2015 QS University Rankings for Arab Region, compiled by Quacquarelli Symonds (QS), a British company specialising in education and study abroad. The University of Sharjah was also featured in the report, ranking 21st out of the 100 academic institutions assessed. The methodology for the rankings is adapted from ...