A delegation from Sharjah Investment and Development authority (Shurooq) has taken part in the Asian Financial Forum (AFF) that took place from 18-19 January 2016 at the Hong Kong Convention and Exhibition Centre. Shurooq ‘s participating delegation was let by Saud Meqdad Al Suwaidi, Director of Sharjah Foreign Direct Investment at the Sharjah Investment and Development Authority ( Shurooq ) ...

The Government of Sharjah has issued a US$500 million (AED 1.8b) Islamic bond this week with a 5-year maturity, which is the first sovereign sukuk to be issued globally this year. Bank of Sharjah, Barclays, Commerzbank, Dubai Islamic Bank, HSBC and Sharjah Islamic Bank acted as lead arrangers for the issue. Final pricing for the bond, according to a document ...

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 ...

With the support of His Highness Sheikh Dr Sultan Bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq), has announced the establishment of Sharjah Entrepreneurship Centre (Sheraa) to support and develop the entrepreneurial environment in the Emirate of Sharjah. Sheraa aims to ...

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 ...

His Highness Sheikh Dr Sultan bin Muhammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, inaugurated Al Noor Island, a unique destination in the emirate of Sharjah, on Tuesday in the presence of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and Sheikha Bodour bint Sultan Al Qasimi, ...

Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq) recently visited the Mleiha Eco-tourism and Archaeological Project, which is undergoing development by Shurooq in collaboration with the Directorate of Town Planning and Survey, Directorate of Antiquities at the Department of Culture and Information and the Environment and Protected Areas Authority (EPAA), with the aim of ...