Tag Archives: feature

A new Sharjah Entrepreneurship Centre has been launched at the American University of Sharjah this week. The centre, which is branded ‘Sheraa’, is an initiative of Sharjah Investment and Development Authority (Shurooq) and aims to inspire young people to start their own enterprises and raise the emirate’s profile as a preferred destination for startups. The launch event was attended by ...

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 ...

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 ...

Read more about Sharjah World Music Festival 2017 The third edition of Sharjah World Music Festival organized by Furat Qaddouri Music Centre and sponsored by Sharjah Investment and Development Authority (Shurooq), will start on the 7th of January 2016, in participation of Arab and western artists and musical bands from 13 countries. The festival’s concerts will take place at Al ...

Sharjah expects as many as 37 port calls from cruise ships during the 2015-2016 season, according to Sharjah Commerce and Tourism Development Authority (SCTDA), bringing an estimated 80,000 cruise passengers to the emirate. GCC countries will receive more than a million visits from cruise passengers during the 2015-2016 cruise season and Sharjah’s cruise business has been growing steadily. Strategically located ...

Sharjah Businesswomen Council (SBWC) is to launch a new start-up incubator programme to help Emirati women entrepreneurs bring new business ideas to life. Formed under the patronage of Sheikha Jawaher Bint Mohammed Al Qasimi, Honorary Chairperson of SBWC in collaboration with Education For Employment (EFE), the new initiative is called ‘Jeel’ (‘generation’ in Arabic) and will support start-ups in cities ...