News

Dubai Financial Market (DFM) today announced it has signed a Memorandum of Understanding (MoU) with Sharjah Investment and Development Authority (Shurooq), creating the necessary foundation for an extensive cooperation between the two sides. The agreement aims at streamlining private and family businesses’ access to DFM’s innovative services and realizing the numerous benefit of going public and listing on DFM. His ...

Sharjah will host the 4th Hospitality Industry Forum on 4 December 2017 at Sharjah Chamber of Commerce and Industry (SCCI), bringing together experts and professionals from hotels, resorts and across the emirate’s integrated tourism system. The one-day event, organised by Sharjah Commerce and Tourism Development Authority (SCTDA), will discuss the latest developments in the hospitality sector at local, regional and ...

His Highness Dr. Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved the Sharjah Beach Development Project, which will create 3.3 kilometres of pedestrian areas, landscaping, sports facilities and public services along Sharjah city’s beachfront parallel with Al Montazah Road. The project falls under Sharjah Urban Planning Council’s (SUPC) strategic plan for developing the ...

Sharjah-headquartered diversified holding company Crescent Enterprises has announced the launch of its new corporate venture capital division with plans to invest up to US$150 million (AED548 million) over the next three years. The announcement was made at the Sharjah Entrepreneurship Festival (SharjahEF), organised by the Sharjah entrepreneurship centre, Sheraa, this week. According to the company CEO Badr Jafar, Crescent Enterprises ...

The Government of Sharjah aims to award 10 percent of all digital transformation projects to start-ups and SMEs (small and medium-sized enterprises), according to an announcement made at the inaugural Sharjah Entrepreneurship Festival (SharjahEF) by ‎the emirate’s Department of Government Relations. Organised by Sheraa, the Sharjah Entrepreneurship Centre, SharjahEF took place on November 21st and 22nd at the Sharjah Golf ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has signed a leasing agreement with U.S.-based Air Lease Corporation (ALC) for six Airbus A321neo long range aircraft. The long range airliners are built with the Airbus A321 new engine option, featuring CFM International engines. The 215-seat passenger jets will be delivered from ...

Seventy-five percent of Sharjah’s Emirates Industrial City (EIC) has now been leased, according to a a report in the UAE’s Khaleej Times newspaper, and an additional AED 200 million (US$ 55m) of plots are expected to be sold by the first quarter of 2019. Launched in 2005 by the investment consortium Emirates Company for Industrial Cities, the massive multi-use development ...

Mleiha Archaeological and Eco-tourism Project, a premier tourism and leisure destination from Sharjah Investment and Development Authority (Shurooq), is inviting youngsters, their friends, and families to travel back in time to discover the wonders of the past in a new series of packages designed to be both fun and educational. The adventurers can explore the remains of a 70-million-year old ...

Sharjah Investment and Development Authority (Shurooq) has concluded its participation at the World Travel market London, which commenced November 6. The authority used its attendance at the premium travel industry event to showcase its portfolio of existing and future projects, and opportunities and promotional offers they provide for both investors and tourists. Shurooq’s stand at Sharjah Tourism and Commerce Development ...

Sharjah Investment and Development Authority (Shurooq) has revealed that Mantis Collection, the owner of some of the world’s finest boutique hotels and eco escapes, will be managing all hospitality facilities under its ‘Sharjah Collection’ brand. The joint venture was officiated and announced at the 38th World Travel Market (WTM) London that was held in the UK from November 6-8. Shurooq ...