The company’s AED11 million investment in the road extension aligns with its objective to play a key role in driving Sharjah’s economy. Gulftainer, one of the world’s largest privately-owned independent port operators, based in the UAE, will invest in the construction of the Saja’a Permanent Access Road. The company’s AED11 million investment in the road extension aligns with its objective ...

The UAE government has created a buzz of expectation with its plans to introduce a 10-year residency visa to attract investors and new talent. The new visa rules, to be in place by the end of 2018, have potentially far-reaching consequences at a time when major developed countries such as the US are putting up barriers in visas and immigration ...

Top Sharjah officials and economic stakeholders have welcomed the move by global credit ratings agency, Standard & Poor’s (S&P), reaffirming Sharjah’s BBB + / A-2 sovereign credit ratings in long- and short-term. Lauding the decision by the global watchdog, they emphasised that Sharjah’s economic outlook remains healthy and positive in short and long terms, thanks to the Emirate’s diverse economy ...

Sharjah’s gross domestic product (GDP) reached AED92.7b in 2017, increasing by an average of 4.7 per cent, according to figures released by the Sharjah Economic Development Department. Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department, (SEDD) said that the increase in GDP reflects the wise vision of His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, ...

Air Arabia, the Middle East and North Africa’s largest low-cost carrier, on Tuesday said it received delivery of two new Airbus A320 aircraft, bringing its fleet to a total of 53. The new jets from Airbus, marks the completion of all deliveries scheduled for this year, Air Arabia said in a statement. “The delivery of our last two aircraft for ...

A newly signed agreement will help explore further study of waste management, waste to energy, as well as land and water remediation, said an environmental group here on Thursday. Environmental management company Bee’ah said it inked a deal with Ambienthesis SPA, a subsidiary of Italy’s renowned Green Holding Group, to swap and explore new discoveries. Khalid Al Huraimel, group CEO ...

The Sharjah Investment and Development Authority (Shurooq) has announced in cooperation with General Hotel Management Ltd (GHM) that September 1, 2018, will be the opening date of the region’s most coveted heritage resort, ‘Al Bait’ located in the Heart of Sharjah, the largest historical preservation and restoration project in the region. The opening of the five-star hotel Al Bait, the ...

Sharjah 24: Dr. Rashid Al Leem, Chairman of Sharjah Electricity and Water Authority (SEWA), said that central cooling systems contribute to the reduction of energy consumption by 30% to 40%, and that SEWA has started implementing studies for adopting such systems in buildings and facilities in new areas throughout Sharjah City and began rehabilitating specialised cadres of citizens to work ...

Sharjah 24: As part of the delegation of the UAE, the Sharjah FDI office ‘Invest in Sharjah’ has participated in the 3rd Belt and Road Summit in Hong Kong, with more than 5,000 participants from 55 different countries. The UAE participated in the summit with a high-level delegation headed by the Ministry of Economy, including a number of senior officials ...

The 2018 Oxford Business Group report for Sharjah has shown that the emirate’s policy of diversification and its success in attracting foreign direct investment is driving the economy towards new heights. The document, ‘The Report Sharjah 2018’, provides an in-depth analysis of the most prevalent sectors and industries, highlighting the move away from hydrocarbons and towards a diverse and innovation-led ...