News

Five new real estate developments are currently under study by the Sharjah Real Estate Registration Department that aim to benefit from recent changes in the emirate’s real estate laws. Sharjah updated is property ownership laws last year to allow foreign expatriates living in the United Arab Emirates to purchase 100 year leaseholds in real estate zones designated by the government. According to ...

The United Arab Emirates Central Bank is issuing a commemorative silver coin to celebrate the selection of Sharjah as Islamic Culture Capital of the Arab Region for 2014 by the Islamic Organization for Education, Science and Culture (ISESCO). The silver coin, with a face value of AED 100 (US$ 27), features a portrait of His Highness Dr Sheikh Sultan Bin ...

A new leisure cruise ship terminal is to be built for Sharjah’s east coast Khorfakkan Port, in line with the emirate’s goals to continue to develop its cruise tourism business. Sharjah’s toursim sector is currently enjoying a successful 2014-2015 cruise season, expecting an estimated 36 international cruise ships bringing in more than 80,000 tourists. According to local media, the east ...

Technomak Energy International FZC, the pipe and steel structure manufacturing subsidiary of the Technomak engineering group, has announced a US$75 million (AED 275m) expansion to its facility in Sharjah’s Hamriyah Free Zone. The new facility will allow the company to double production capacity by 2017, creating more than 800 new jobs. Technomak Energy, which registered as a Hamriyah Free Zone ...

Sheikha Bodour Bint Sultan Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq), will be co-chairing the World Economic Forum on the Middle East and North Africa (MENA) next month. This is the first time an Emirati woman has been chosen to co-chair the World Economic Forum, an event that engages business, political, academic and other leaders of society ...

Hamriyah Free Zone Authority (HFZA) took its proposition to NPE2015, the world’s largest international plastics trade shows and conferences in Orlando, Florida, as part of the free zone’s effort to bring new firms to its 380,000 square meter Food, Plastics and Packaging Park and grow Sharjah’s plastics industry. Held every three years, the plastics industry trade show attracts 60,000 professionals from ...

Sharjah’s higher degree of economic diversification compared to other Gulf Co-operation Council (GCC) members diminishes the impact of the recent oil price drop on the emirate’s economy, according to Moody’s Investors Service annual Sharjah Credit Analysis, published this week. Moody’s expects Sharjah’s economic growth to remain solid with a low government debt burden, although the report noted that debt levels are ...

Sharjah will showcase investment opportunities for local and global businesses and investors at the 5th edition of Annual Investment Meeting (AIM) from 30 March – 1 April 2015 at the Dubai International Convention and Exhibition Centre. Sharjah Investment and Development Authority (Shurooq) is a Silver Sponsor of the annual event. AIM is an emerging markets FDI-focused event established by the UAE ...

Global port terminal operator Gulftainer, recorded an 8 percent growth in container volume in 2014, handling a total of 6.4 million twenty-foot-equivalent units (TEUs) across its global operations portfolio. Gulftainer is a wholly-owned subsidiary of Sharjah-based Crescent Enterprises and operates Sharjah Container Terminal (SCT) located at Port Khaled in the heart of the city of Sharjah, Khorfakkan Container Terminal (KCT) ...

Sharjah’s Department of Statistics and Community Development has announced that the emirate’s 2015 population census will commence in October 2015. The Sharjah Census will provide the necessary data for the government’s strategic planning and comprehensive human and infrastructure development, as well supporting further socio-economic studies to help guide progress and prosperity in the emirate. [Click to read about the Sharjah ...