News

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has announced a 34 percent increase in its net profit for the three months ending 31 March 2016, compared to the same period last year. The strong first quarter financial results exceeded analyst expectations, despite regional economic uncertainties resulting from lower oil prices. ...

Sharjah Investment Center (SIC), a new 32 million square foot mixed-use industrial development in Sharjah, has sold 80 percent of the plots in its first two development phases to-date, according to Saudi property developer SNASCO. The project, which is a joint venture between SNASCO and UAE investors, has sold 350 plots out of the 15 million sq. ft. area allocated ...

The government role in supporting and growing Sharjah’s real-estate sector was a key topic under discussion at the Middle East Investment Summit (MEIS) 2016, which ran from May 2-3 at the Ritz-Carlton, Dubai International Financial Centre, Dubai. The subject was one highlighted by Sharjah Investment and Development Authority (Shurooq), who is the Gold Sponsor at MEIS 2016, with the government ...

Sharjah Investment and Development Authority (Shurooq) has showcased its rich portfolio of tourist projects and leisure destinations to visitors and tourism industry experts during its sixth consecutive participation in the Arabian Travel Market (ATM 2016), which concludes April 28th at Dubai International Exhibition and Convention Centre. Shurooq’s participation at ATM 2016 forms part of its on-going efforts to promote investment ...

Sharjah Investment and Development Authority (Shurooq) has signed a Memorandum of Understanding (MoU) with Oxford Business Group, a leading global publishing, research and consulting company. The agreement will see the UK-based organisation conduct an in-depth study on the emirate’s economic landscape, with the report to form the basis of the emirate’s ongoing investment promotion strategy. The ‘Sharjah Report 2016’ will ...

Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, plans to launch the second stage of sales for Al Saja’a Industrial Oasis on April 28th via a sales event at the Sheraton Sharjah Beach Resort and Spa. SAM opened sales for the first stage of its new 14 million square foot industrial estate in October last year, ...

Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, is studying plans for two new real estate developments in Sharjah worth an estimated AED 3 billion (US$822m), according to media reports. The company is also considering projects elsewhere in the region, including possible projects in Saudi Arabia. The new Sharjah projects in consideration are, reportedly, ...

Sharjah Investment and Development Authority (Shurooq) has announced that it is participating in the Arabian Travel Market (ATM) 2016, which is scheduled to take place from April 25-28 at Dubai World Trade Centre. ATM is the region’s leading travel trade event and Shurooq’s presence will mark the sixth consecutive time that the authority has exhibited at the global forum. Shurooq ...

Sharjah Investment and Development Authority (Shurooq) has announced that the Sharjah Pavilion at the Annual Investment Meeting (AIM) 2016 has successfully showcased Sharjah’s distinctive investment ventures to government officials, decision-makers and international investors at the leading global economic event, which is organised every year by the UAE Ministry of Economy. Sharing the pavilion with Shurooq were the Sharjah Chamber of ...

KBW Investments and Basma Group Sharjah have formed two construction UAE joint-ventures in Sharjah, Klampfer Middle East LLC and Arcadia Middle East LLC. The agreements were signed in Sharjah this week by HRH Prince Khaled bin Alwaleed bin Talal, Chairman, KBW Investments, and Sheikh Sultan bin Ahmed Al Qasimi, Chairman, Basma Group Sharjah. The creation of Klampfer Middle East LLC ...