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The Editor

Air Arabia Q3 net profit rises 26 percent

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has announced a 26 percent increase in net profit for the three months ending 30 September 2016, compared to the same period last year. The company attributes the strong third quarter-performance to the success of its expansion strategy. The airline has added five ...

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Majid Al Futtaim invests AED 260 million in City Centre mall expansion

Majid Al Futtaim will invest AED 260 million (US$ 71 million) in the redevelopment of City Centre Sharjah, one of Sharjah’s largest shopping malls located on Al Wahda street in the centre of the city. Scheduled for completion in the last quarter of 2017, the expansion will add 13,700 square metres (147,466 sq. ft.) of retail space and is expected ...

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Heart of Sharjah’s new 5-star hotel 50% completed, says Shurooq

Fifty percent of the AED 100 million luxury 5-star hotel project, Al Bait Hotel in Sharjah, has been developed, according to Sharjah Investment and Development Authority (Shurooq). The new hotel, which is expected to be a prestigious hospitality and heritage landmark located in the Heart of Sharjah – the largest heritage-focused project in the region, is being developed to provide a ...

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Gadoya Holdings opens new AED 60 million production facility

Sharjah-based diversified holding company Gadoya Holdings, has opened a new AED 60 million (US$ 16m) manufacturing facility and corporate office in Sharjah Industrial Area. The Gadoya Holdings group currently employs a workforce of over 900 employees across 14 business verticals including engineeging, electricals, medical, plastics, real estate, travel and tourism, and sports and fitness. The new 120,000 square foot site ...

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Shurooq breaks ground at AED 45 million Al Badayer Desert Camp development

Sharjah Investment and Development Authority (Shurooq) has commenced the implementation of Al Badayer Desert Camp project, valued at AED 45 million (US$ 12.3m), which will become one of the premium leisure and adventure destinations in Sharjah. Expected to open by the end of 2017, the project will feature a unique set of experiences for desert adventurers within the golden sand dunes ...

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Mleiha Archaeological & Ecotourism Project proves popular at London’s World Travel Market

Sharjah Investment and Development Authority (Shurooq) has successfully concluded its participation in London’s World Travel Market (WTM) 2016, the leading global event in the travel industry, which took place from November 7-9. Shurooq made the best use of the three-day B2B event in promoting its portfolio of various tourism projects and leisure destinations and introducing tour operators and travel agents ...

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Sharjah tourism destinations presented at World Travel Market 2016

Sharjah’s tourism industry attended the World Travel Market (WTM) in London, one of the global travel and tourism trade’s most influential events, in full force this year under a pavilion organised by Sharjah Commerce and Tourism Development Authority (SCTDA). Exhibitors presented Sharjah’s tourism destinations, hotels, resorts and amenities at the 2016 exhibition from 7 – 9 November, including Sharjah Investment ...

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Arab book market worth $1 billion

The Arab book market is worth US$1 billion per annum, according to the Chairman of Sharjah Book Authority (SBA), Ahmed Bin Rakkad Al Ameri, who was speaking at a panel session at the Sharjah International Book Fair this week. Some 650,000 people have visited the 35th edition of the eleven-day book fair during its first four days, with 1,681 publishing ...

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Shurooq and Bee’ah partner to improve Khalid Lagoon water quality

Under the directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council Ruler of Sharjah, in ensuring the premium quality of living in Sharjah whilst preserving all natural and aquatic foundations in the emirate, Sharjah Investment and Development Authority (Shurooq) recently signed a Memorandum of Agreement (MoA) with Sharjah Environment Company LLC (Bee’ah), in a ...

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Sharjah hosts grueling ‘Spartan Beast’ competition

Mleiha Archaeological and Eco-tourism Project has announced that it will host the two senior categories of the Spartan Race, including ‘Spartan Beast’, one of the world’s most challenging endurance races. Taking place on November 18 at the location of Mleiha Archaeological and Eco-tourism project, developed by Sharjah Investment and Development Authority (Shurooq), the Spartan Beast consists of a challenging 20 ...

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