News

Sharjah-based energy company Dana Gas PJSC (DANA:ADX) has announced that its wholly owned subsidiary, Dana Gas Egypt, has been awarded the North El Salhiya (Block 1) and El Matariya (Block 3) onshore concessions in the Nile Delta as part of the 2014 Egyptian Natural Gas Holding Company (EGAS) bidding round held recently in Egypt. The company is currently the 6th ...

The Sharjah Investment and Development Authority (Shurooq) has successfully concluded its participation in Cityscape Global 2014, the Middle East and North Africa’s largest real estate trade show, which took place at Dubai World Trade Centre from 21-23 September.

The Sharjah Investment and Development Authority (Shurooq) took Sharjah’s investment proposition to Shanghai this month, as part of its ongoing campaign to promote Sharjah as a destination for Chinese trade and investment. The authority took part in the 18th China International Fair of Investment and Trade in the coastal city of Xiamen, in partnership with the UAE Ministry of Economy. ...

Sharjah real estate is attracting investment from expatriate Arabs living in the UAE, after the government relaxed regulations to allow non-GCC nationals to buy property. Historically, only Emirati or other citizens from the Gulf Cooperation Council (GCC) have been allowed to own property, but a recent policy change now permits other Arab nationalities living in the UAE to purchase up ...

The Sharjah Investment and Development Authority (Shurooq) will be presenting some of Sharjah’s largest real estate, tourism and mixed-use developments at Cityscape Global from 21 – 23 September 2014 at the Dubai World Trade Centre. Cityscape Global is the biggest annual real estate trade show in the Middle East and North Africa and draws investors and developers from around the ...

Sharjah Commerce and Tourism Development Authority (SCTDA) is leading a tourism promotion roadshow across India this week visiting the five cities of Mumbai, New Delhi, Hyderabad, Chennai and Bengaluru (Bangalore). Sharjah received more than 123,000 visitors from India last year, registering 41 per cent growth in visitors over the previous year. India has been identified as a priority market for ...

The launch of the Government of Sharjah’s debut sovereign Islamic bond issue or sukuk has been met by massive demand from investors. The 10-year US dollar sukuk was launched at a size of US$750 million (AED 275b) on Wednesday, securing orders worth about US$7.85 billion (AED 29b). Sharjah has secured global investor attention this year, after receiving its first sovereign ...

Sharjah-based energy company Dana Gas PJSC (DANA:ADX)  has secured US$100 million (AED 367m) financing for the Zora gas field development project, via its wholly-owned Dana Gas Explorations FZE. The Zora gas field is expected to come on stream during the first half of 2015 with a production capacity of 40 million standard cubic feet per day (mmscfd). The Dana Gas Group is ...

Hazel International FZE (HIF), owned by Indian conglomerate Veritas (India) Limited (VIL), has begun construction of a US$ 126.45 million (AED 464.5m) liquid and solid cargo handling terminal at Sharjah’s Hamriyah Free Zone. The new terminal is expected to make the free zone the second largest hub for petrochemicals, oil and gas bunkering and storage in the UAE. The new ...

Moody’s Investors Service has assigned a provisional rating of (P)A3 to the US dollar sovereign Islamic bond issue proposed by the Government of Sharjah. Plans for a sovereign sukuk first came to light in June and it has since been revealed that the government has mandated HSBC, Kuwait Finance House, National Bank of Abu Dhabi, Sharjah Islamic Bank and Standard ...