News

Sharjah Islamic Bank CEO Mohammed Abdulla rang the opening bell at Nasdaq Dubai on Sunday to celebrate the listing of US$500 million (AED 1.84 b) sukuk on the exchange. It is the second sukuk to be listed by Sharjah Islamic Bank (SIB) on Nasdaq Dubai , following a US$ 500 million listing in April 2013. Global sukuk issuance is expected ...

Authority readies to unveil new premium tourism project and promote its diverse portfolio of world-class destinations The Sharjah Investment Development Authority (Shurooq) is set to participate in the upcoming 2015 Arabian Travel Market (ATM 2015) for the 5th time, which will be taking place at the Dubai International Convention and Exhibition Centre from the 4th to the 7th of May. ...

Air Arabia Jordan, the new venture formed from Sharjah-headquartered Air Arabia’s acquisition of a 49 percent stake in Petra Airlines, will commence operations from its Amman Queen Alia International Airport base on Monday 18 May 2015. The Jordan venture’s services will start with direct flights to four countries in the region, strenghtening the group’s connectivity between Jordan and the Levant, Middle ...

Sharjah Commerce and Tourism Development Authority (SCTDA) today announced Sharjah Tourism Vision 2021, a tourism development strategy that aims to attract more than 10 million tourists to the emirate by year 2021. The SCTDA’s strategic plan, which follows an indepth study of Sharjah’s tourism market, proposition for tourists and opportunities in the sector, is built on four key pillars. – ...

A master plan for the expansion of Sharjah International Airport is currently under study by the Government of Sharjah, according to UAE daily newspaper Gulf News. The plan, developed by American engineering firm Bechtel last year, supports the airport’s goal of increasing capacity from 8.5 million passengers per year to 25 million by 2025. Sharjah International Airport opened a new ...

Phase one of Sharjah’s new post code system has been officially launched by Sharjah Urban Planning Council (SUPC) in the first step to provide emirate-wide local post codes, opening up new opportunities for ecommerce, retail and logistics providers. The new local post code system, developed by the Emirates Post Group, provides a key component for the door-to-door delivery of a ...

The Sharjah Investment and Development Authority (Shurooq) is conducting a five-day roadshow from April 19-23, beginning in Taiwan, where it is meeting with leading bodies in trade, industry and commerce, before moving on to Shanghai, where it will participate in the World’s Investment Summit. Shurooq is being represented by Mr. Mohamed Al Musharrkh, Head of Investment Promotion, and Ms. Diana ...

The Sharjah Investment and Development Authority (Shurooq) successfully concluded a three-day delegation to London, United Kingdom, as part of its strategy to strengthen ties and step up bilateral investment between the Emirate of Sharjah and the UK. Shurooq’s delegation was headed by Sheikha Bodour bint Sultan Al Qasimi, the Authority’s Chairperson, HE Marwan bin Jassim Al Sarkal, Chief Executive Officer, ...

Sharjah Directorate of Public Works is to tender for consulting firms to develop AED 526 million ($143.2 million) worth of sewer and storm-water drainage projects in the emirate. The plans follow an in-depth study conducted by Sharjah Urban Planning Council (SUPC) in collaboration with Sharjah Municipality, Sharjah Directorate of Public Works, Sharjah Directorate of Town Planning and Survey and international ...

Sharjah Investment and Development Authority (Shurooq) and the Arab-British Chamber of Commerce (ABCC) have signed a Memorandum of Understanding in London to encourage, promote and facilitate investment and development cooperation among the business communities in Sharjah and the United Kingdom. The MoU was signed by HE Marwan bin Jassim Al Sarkal, CEO of Shurooq and Dr Afnan Al-Shuaiby, Secretary General ...