News

Air India Express, the Kochi-headquartered budget arm of Air India, is expected to add two new routes to Sharjah International Airport next month, bringing the total number of its routes between Sharjah and Indian destinations up to eight. The airline will introduce three non-stop flights per week each from Chandigarh (IXC), the state capital of Punjab and Haryana, and from ...

Alubond USA, a global leader in aluminium composite cladding, plans to build the world’s largest single manufacturing location for A2 stone core panels in Hamriyah Free Zone at a cost of US$ 13.7 million (AED 50m). According to Alubond, which is a subsidiary of Sharjah-based Mulk Holdings, the new facility will have a production capacity of six million square metres ...

Sharjah’s leisure landscape became that much greener this month following the unveiling of two new electric vehicle charging stations at Al Qasba, Sharjah’s premier leisure, tourism and family destination. The new facilities form part of the emirate’s green parking initiative, which was recently launched by Sharjah Investment and Development Authority (Shurooq) with the aim of promoting a sustainable ecosystem in Sharjah. ...

Sharjah Chamber of Commerce & Industry (SCCI) will provide 50 new offices free-of-charge to entrepreneurs as part of the chamber’s Incubate Business Programme. According to the chamber, office space will be offered to entrepreneurs that have creative ideas and innovative projects to be executed in the UAE. The chamber hopes that providing office space to promising start-ups will help support ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has reported a 14 percent increase in passenger numbers, carrying 4.1 million passengers during the first six months of 2016, compared with 3.6 million during the same period of 2015. The airline also announced a 3.5 percent increase in net profit, compared with ...

The Emirate of Sharjah registered a 7 percent increase in hotel revenues, reaching AED 378 million (USD 103m) during the first six months of 2016, according to the latest figures from Sharjah Commerce and Tourism Development Authority (SCTDA). The authority has been targeting markets identified in its strategic marketing plan and says that H1 2016 hotel statistics show a 19 ...

Standard & Poor’s has revised its credit ratings outlook from ‘stable’ to ‘negative’, whilst re-affirming the emirate’s A/A-1 sovereign credit ratings for long- and short-term, foreign and local currency. According to S&P, the negative outlook speaks to the potential risk that external demand and economic activity in Sharjah may weaken. However, the global credit rating agency noted that it expects ...

Sheraa (Sharjah Entrepreneurship Centre), launched under the patronage of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), Chairperson of Sheraa (Sharjah Entrepreneurship Center), has laid the foundations for a thriving community of young entrepreneurs who will contribute to the growth of the United Arab Emirates and the region. The centre, which commenced operations ...

Sharjah Airport International Free Zone (SAIF Zone) has carried out an extensive series of marketing roadshows across India this year, promoting the free zone in key cities and states throughout the country. This week, the free zone presented its proposition to investors in Kolkata in West Bengal, the third-most populous metropolitan area in India. Over the past 20 years, SAIF Zone ...

Commercial passenger traffic at Sharjah International Airport increased by 11.55 percent during the first half of this year, compared with the same period in 2015, according to Sharjah Airport Authority. A total of 5.35 million passengers passed through the airport from January to June 2016, compared to 4.79 million in the same period last year. Aircraft movements at Sharjah airport ...