Tag Archives: feature

The latest annual credit analysis from Moody’s Investors Service, which rates Sharjah’s government at an A3 long-term credit rating with a stable outlook, reports that the emirate’s debt burden and debt affordability remain low and compare well with its peers, despite the economic pressures on fiscal metrics. Moody’s also expects the emirate’s nominal GDP growth to remain firmly in positive ...

Sharjah is building a new 4 million square foot (370,000 sqm.) exhibition and conference centre in Al Tai district, near the intersection of Emirates Road and Mleiha Road. Sharjah Book Authority (SBA) revealed recently that next year’s Sharjah International Book Fair will move to the new venue in order to expand its area from 25,000 square metres (269,098 sq. ft.) ...

Sharjah Investment and Development Authority (Shurooq), in collaboration with the Sharjah Department of Public Works, has announced the commencement of an AED 16 million (US$ 4.4m) rejuvenation and expansion project at the Flag Island, one of Shurooq’s touristic landmarks and premier destinations in Khalid Lagoon. The project includes the development of a Flag Square and its surrounding areas by adding ...

Lamprell, a leading provider of fabrication, engineering and contracting services to the energy industry based in Sharjah and listed on the London Stock Exchange (symbol: LAM), has won a landmark US$ 225 million (AED 826.5m) contract from UK wind energy developer ScottishPower Renewables. Under the contract, Lamprell will fabricate up to 60 steel foundation jackets for the energy provider’s flagship East ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has confirmed options for five additional Airbus A320 aircraft. The delivery of original contract covering 44 firm orders and 5 options will be completed in 2017. The five new Airbus A320 aircraft will be put into service starting second quarter 2017 backlog and ...

Sharjah hotels and hotel apartments registered a 19 percent increase in room nights booked during the first nine months of 2016, totalling 2.94 million room nights, according to Sharjah Commerce and Tourism Development Authority (SCTDA). The increase in total booked room nights comes in spite of the fact that occupancy rates have remained flat at 62 percent, suggesting that visitors ...

The Sharjah FDI office (Invest in Sharjah), the flagship driver for promoting investment opportunities in the emirate, recently concluded its participation at the inaugural edition of the Foreign Direct Investment Expo 2016 (FDI Expo) in London, UK, which took place from November 17 – 18, 2016 at the London Olympia exhibition venue. FDI Expo gathered more than 3,500 elite speakers ...

Amid an atmosphere of great enthusiasm and excitement, Sharjah hosted its first ever Spartan Race on Friday at 7:00 a.m. till 3:00 p.m. in Mleiha, attracting more than 10,000 visitors to the long-waited race event. The race was organised by the Spartan Race in association with Mleiha Archaeological and Eco-tourism destination. More than 2,400 participants took part in the race ...

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 ...

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 ...