News

Sharjah’s economy and the success of its economic development strategies are expected to take centre stage at Sharjah FDI Forum, which takes place 28-29 September 2016 under the patronage of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. This is the second time in three years that Sharjah has hosted a global ...

Sharjah Islamic Bank (SIB), a leading shariah-compliant commercial bank, begins a global round of investor meetings this week to secure subscribers for a benchmark U.S. dollar Islamic bond issue or sukuk, according to a notice from the bank to shareholders. ‘Benchmark’, in this context, normally refers to a bond issue of at least US$ 500 million (AED 1.8b) in size. ...

Sharjah FDI 2016, a global event organised by Sharjah Investment and Development Authority (Shurooq) in conjunction with Financial Times, will bring together a host of top CEOs to discuss the investment opportunities and challenges in the region. Taking place on September 28-29, 2016 at the Sheraton Sharjah Beach Resort & Spa, Sharjah FDI 2016 will see leaders from a cross-section ...

Sharjah FDI: The Gateway to the Middle East, North Africa and South Asia is the title of the second Sharjah FDI Forum, MENA’s largest global foreign direct investment (FDI) event that takes place on September 28-29, 2016 in Sharjah, the third largest emirate of the United Arab Emirates (UAE). Sharjah FDI Forum 2016 is being held in association with the ...

Air India Express, the Kochi-headquartered budget arm of Air India, is expected to add two new routes to Sharjah International Airport next month, bringing the total number of its routes between Sharjah and Indian destinations up to eight. The airline will introduce three non-stop flights per week each from Chandigarh (IXC), the state capital of Punjab and Haryana, and from ...

Alubond USA, a global leader in aluminium composite cladding, plans to build the world’s largest single manufacturing location for A2 stone core panels in Hamriyah Free Zone at a cost of US$ 13.7 million (AED 50m). According to Alubond, which is a subsidiary of Sharjah-based Mulk Holdings, the new facility will have a production capacity of six million square metres ...

Sharjah’s leisure landscape became that much greener this month following the unveiling of two new electric vehicle charging stations at Al Qasba, Sharjah’s premier leisure, tourism and family destination. The new facilities form part of the emirate’s green parking initiative, which was recently launched by Sharjah Investment and Development Authority (Shurooq) with the aim of promoting a sustainable ecosystem in Sharjah. ...

Sharjah Chamber of Commerce & Industry (SCCI) will provide 50 new offices free-of-charge to entrepreneurs as part of the chamber’s Incubate Business Programme. According to the chamber, office space will be offered to entrepreneurs that have creative ideas and innovative projects to be executed in the UAE. The chamber hopes that providing office space to promising start-ups will help support ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has reported a 14 percent increase in passenger numbers, carrying 4.1 million passengers during the first six months of 2016, compared with 3.6 million during the same period of 2015. The airline also announced a 3.5 percent increase in net profit, compared with ...

The Emirate of Sharjah registered a 7 percent increase in hotel revenues, reaching AED 378 million (USD 103m) during the first six months of 2016, according to the latest figures from Sharjah Commerce and Tourism Development Authority (SCTDA). The authority has been targeting markets identified in its strategic marketing plan and says that H1 2016 hotel statistics show a 19 ...