News

Sharjah-headquartered Air Arabia (AIRARABI:DFM) has been named the Best Low-cost Airline in the Middle East at the annual Skytrax World Airline Awards. It is the second time in three years that the carrier has won the coveted award, following its previous Skytrax award in 2013. Air Arabia is the largest low-cost carrier operator in the Middle East and North Africa ...

The Government of Sharjah was honoured at the 2015 London Sukuk Summit earlier this month where it was awarded the ‘Award of Excellence for Most Innovative Sukuk Issuance by a Sovereign Debt Issuer’. The award was given in recognition of Sharjah’s debut 10-year US dollar sukuk, which was issued at a size of US$750 million (AED 275b) in September 2014. ...

Sharjah’s plans to establish two medical research centres were unveiled this week by the Ruler of Sharjah and President of the University of Sharjah (UoS) H.H. Sheikh Dr. Sultan bin Mohammed Al Qasimi. A centre of excellence for diabetes and endocrinology research and a centre for nanomedicine, both of which will be located at the University of Sharjah. The new ...

The Sharjah-headquartered international port operator Gulftainer has announced the commercial opening of its new Canaveral Cargo Terminal at Port Canaveral in Florida, USA. GT USA, Gulftainer’s US business, signed a 35-year agreement with Port Canaveral last year to manage the port’s new container and multipurpose sea cargo terminal. Port Canaveral is a cruise, cargo and naval port in Brevard County, ...

Sharjah Investment and Development Authority (Shurooq) has concluded its participation in the 8th Arab-German Business Forum, held from June 8-10 2015, in Berlin. The Forum addressed current and prospective Arab-German cooperation in the fields of infrastructure, security technologies, industrialization, free zones, financial services, EPC projects, construction and housing, and the role of women in business. Organized by the Arab-German Chamber ...

Global workplace provider Regus has opened a new serviced office centre at Expo Centre Sharjah, one of the region’s leading exhibition venues. The new business centre at Sharjah Expo is one of three Regus facilities in Sharjah, providing fully equipped serviced offices. Expo Centre Sharjah , now hosts fully equipped and ready-to-go workspaces, in a convenient location adjacent to the ...

Sharjah Investment and Development (Shurooq) has been named the Top Investment Promotion Agency in the Middle East in Site Selection Magazine’s 2015 Best to Invest Awards, in recognition of the authority’s global initiatives to attract foreign direct investment to the Emirate of Sharjah. The award comes at a time of regional and global recognition for both Sharjah’s economy and Shurooq’s ...

Sharjah Investment and Development Authority (Shurooq) has been named the Top Investment Promotion Agency in Middle East in the 2015 Best to Invest Awards by Site Selection magazine, in recognition of its outstanding efforts in attracting foreign direct investment and driving Sharjah’s growth. The Top Agency Awards recognise excellence at national and regional economic development offices globally in areas such as ...

Bank of Sharjah P.J.S.C. (BOS:ADX) has set guidance for its US$ 500 million (AED 1.84b) 5-year senior unsecured bond. Guidance for the bond was confirmed by lead arrangers on Monday at 180 basis points (bps) over midswaps (a benchmark for calculating bids), plus or minus 5 bps. The bank ran an roadshow with lead arrangers from 21 to 25 May ...

Sharjah-based energy company Dana Gas PJSC (DANA:ADX) has completed an agreement with global oil and gas giant BP, whereby Dana Gas will drill the first exploration well in Egypt’s Al Matariya onshore concession area. Under the terms of the agreement, BP, as operator, will carry Dana Gas for its 50% share of the cost of the well, subject to an ...