News

With the support of His Highness Sheikh Dr Sultan Bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq), has announced the establishment of Sharjah Entrepreneurship Centre (Sheraa) to support and develop the entrepreneurial environment in the Emirate of Sharjah. Sheraa aims to ...

Total passengers handled by Sharjah International Airport surpassed 10 million per annum for the first time during 2015, growing 5.5 percent compared with passenger numbers in 2014. Meanwhile, aircraft movements at Sharjah international increased by 1.23 percent to 71,426 in 2015 compared with 70,559 in 2014. Sharjah passenger traffic saw strong growth throughout the year, growing by 6 percent in ...

Lead arrangers have been holding investor meetings this week to pave the way for the Government of Sharjah’s second sukuk. The new sovereign bond, which is expected to be in excess of US$500 million, could be the first sovereign sukuk to be issued globally in 2016. Global rating agency Standard and Poor’s has forecast fewer sukuk issuances this year, possibly ...

American University of Sharjah (AUS) has appointed Hussain Al Mahmoudi as Chief Executive Officer of AUS Enterprises, a new holding company mandated to develop revenue-generating commercial activities for AUS via special purpose vehicles. AUS Enterprises was established by Amiri decree in November 2015. The appointment of the new CEO was approved by the AUS Board of Trustees, chaired by His ...

Sharjah headquartered United Arab Bank (UAB) has announced the successful closing of an US$120 million credit facility for client, Aegean Oil Terminal Corporation (Aegean). The credit facility marks the first syndicate lead for UAB, as it seeks to position itself as a lead arranger. Other syndicate members are Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai and National Bank ...

His Highness Sheikh Dr Sultan bin Muhammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, inaugurated Al Noor Island, a unique destination in the emirate of Sharjah, on Tuesday in the presence of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and Sheikha Bodour bint Sultan Al Qasimi, ...

Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq) recently visited the Mleiha Eco-tourism and Archaeological Project, which is undergoing development by Shurooq in collaboration with the Directorate of Town Planning and Survey, Directorate of Antiquities at the Department of Culture and Information and the Environment and Protected Areas Authority (EPAA), with the aim of ...

Sharjah Investment and Development Authority (Shurooq) has announced the opening of the 45,470 square meter Al Noor Island in Khalid Lagoon in Sharjah. The AED 80 million (US$23m) island development combines art, nature and leisure attractions to create a scenic and tranquil destination in the heart of Sharjah city. Sharjah’s newest leisure attraction has been designed and developed to inspire the ...

Sharjah-headquartered terminal operator Gulftainer has been presented with the ‘Port Operator Award’ at the Lloyd’s List Middle East and Indian Subcontinent Awards 2015. Lloyd’s List provides information, analysis and knowledge for business decision makers in the global shipping community. The annual awards were held on 9 December 2015 in Dubai, where CEO International Operations Flemming Dalgaard received the award on ...

HE Marwan bin Jassim Al Sarkal, CEO of Sharjah Investment and Development Authority (Shurooq), recently visited the Sharjah Center for Astronomy & Space Sciences at its headquarters in the University City of Sharjah to discuss means of cooperation between the authority and the centre with the joint aim of boosting tourist activity. HE Marwan Al Sarkal and the accompanying delegation ...