Sharjah-headquartered terminal operator Gulftainer has invested US$60 million (AED 220m) in four state-of-the-art ship to shore (STS) and 12 rubber tyred gantry (RTG) cranes at the Khorfakkan Container Terminal (KCT), significantly strengthening the terminal’s operational capability and overall productivity. According to Gulftainer, the new, advanced STS cranes are larger, with a greater outreach to better service massive 18,000 twenty-foot container ...

Continuing its commitment to promoting Sharjah as a world-class destination for international investment, the Sharjah Investment and Development Authority (Shurooq) concluded a Sharjah-US Business Roundtable, arranged in collaboration with the American Business Council of Dubai and the Northern Emirates at the Sharjah Chamber of Commerce and Industry on 16th of November.  The roundtable follows a number of trade promotion visits and ...

The Emirate of Sharjah has updated laws regulating Sharjah’s property market to allow foreign expatriates living in the United Arab Emirates to purchase property in zones authorised by the government. Previously, property could only be sold to UAE nationals, other Gulf Cooperation Council (GCC) nationals and Arab nationals with a valid UAE resident visa, but not to the many other ...

Tilal Properties, a new joint venture between Sharjah Asset Management and Eskan Real Estate Development, has announced Tilal City, a 25 million square feet mixed-use community strategically located near the Emirates Road (E611), just 10 kilometres from Sharjah’s International Airport. The AED 2 billion (US$ 540 million) real estate development will include some 2,000 residential plots, offices, retail stores, open ...

His Highness Sheikh Dr. Sultan Bin Mohammed Al Qasimi, Member of the UAE’s Supreme Council and Ruler of Sharjah, this week issued instructions to Bee’ah, Sharjah’s waste management and environment company, to build, what is expected to be, the largest waste-to-energy plant in the world. Bee’ah awarded British firm Chinook Sciences with a GBP 300 million (AED 1.8 billion) contract for ...

The Sharjah Investment and Development Authority (Shurooq), in collaboration with the Japan Business Council (JBC) and the Japan External Trade Organization (JETRO), hosted a Sharjah-Japan Business Roundtable in Sharjah this week. Japan is a key trading partner of the United Arab Emirates accounting for US$25.92 billion (AED 95b) in bilateral trade during the first half of 2014. Source: Shurooq

Air Arabia (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has announced a record net profit of AED 498 million (US$ 136m) for the first nine months of 2014, increasing 46 percent compared with the same period last year. The company attributes this year’s success to the effectiveness of its business model and its hub ...

Global credit rating agency Standard & Poor’s has affirmed the Emirate of Sharjah’s A/A-1 sovereign credit ratings long- and short-term, foreign and local currency, on the basis of Sharjah’s strong economic growth and the government’s solid fiscal management. The rating agency also confirmed that it expected Sharjah’s economic growth to continue. S&P gave its first ever sovereign credit rating for ...

Hands Industries, a second hand clothes dealer and recycler based in the Sharjah Airport Free Zone (SAIF Zone), sells an average of 500 tonnes of recycled clothes per month, according to UAE’s The National newspaper. Sharjah has become a hub for recycling and waste management with the emirate’s own waste management company, Bee’ah, driving a zero-waste initiative to divert 100% ...

Sharjah, the 2015 Arab Capital of Tourism, is participating in this week’s World Travel Market in London, United Kingdom to showcase the emirate’s tourism portfolio. Sharjah’s pavilion aims to provide a glimpse of life in the Emirate and highlight the unique opportunities that it offers international markets looking for a new destination for business or pleasure. The premier tourism and travel ...