The UAE Cabinet has approved a new long-term visa for international investors and talented professionals and is set to introduce an investment law allowing 100 per cent foreign ownership this year, according to an announcement on Sunday. State-news agency WAM said UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum directed the Ministry of Economy to ...

ARADA is launching Phase 4 of the UAE developer’s record-breaking Sharjah community, Nasma Residences, following exceptional sales in the project’s earlier phases The release of 302 units in Phase 4 will also include the launch of the Bareem Townhouses, a stylish collection of two- and three-bedroom homes created for couples and young families. The Bareem Townhouses will be launched at ...

Sharjah Investment and Development Authority’s (Shurooq) project portfolio in the UAE spans 11.74km2, it has been revealed. In the last nine years, Shurooq’s real estate investments have amounted to $2.1bn (AED7.6bn), which includes completed and ongoing projects. Shurooq’s portfolio includes large-scale projects such as Al Qasba, Al Majaz Waterfront, and Al Montazah Amusement and Waterpark, as well as the Al ...

Broadening its reach and delivering valuable guidance to those with young ideas in the region, Ajman University (AU) has signed a Memorandum of Understanding (MoU) with Sheraa (Sharjah Entrepreneurship Center). The purpose of the MoU is to support activities that help bridge research and education with industry. Through the Ajman University Innovation Centre (AUIC) this collaboration will also help students, ...

The Sharjah Chamber of Commerce and Industry (SCCI) and the International Association of Exhibitions and Events (IAEE) signed a Memorandum of Understanding (MOU) to cooperate on organizing a number of CEM (Certified in Exhibition Management) Learning Program courses in 2018. The MOU states that a minimum of 9 IAEE CEM Learning Program courses will be organized, in cooperation with Expo ...

Gulftainer, the UAE-based privately owned, independent port operator, today announced that it had recorded gross crane productivity of 32.2 crane moves per hour at its flagship gateway terminal, Sharjah Container Terminal (SCT), in Port Khalid. The milestone feat achieved in April 2018, compares to the industry average of 25 crane moves per hour, and marks the highest productivity levels at ...

Saud Salem Al Mazrouei, Director of the Hamriya Free Zone Authority and the Sharjah International Airport Free Zone Authority, signed an investment agreement with Ramesh Parekh, Chairman of Gandhar Oil Refinery India, to establish an integrated project to produce white oil, liquid paraffin, hydraulic liquid, transformer oil, rubber processing oil, motor oil and industrial oil. The agreement was signed to ...

The new park is an addition to the series of park projects being implemented by SPWD in the various areas of the emirate. Engineer Ali bin Shaheen Al Suwaidi, Chairman of  Sharjah Public Works Department, said that the project is part of a series of development projects that came within the directives of His Highness Sheikh Dr. Sultan bin Mohamed ...

The Sharjah Investment and Development Authority (Shurooq) signed a management agreement with Emaar Hospitality Group to operate a lifestyle boutique hotel in the heart of Al Qasba, one of the most popular lifestyle and leisure destinations in the emirate. Vida Al Qasba Sharjah, to be operated under Emaar Hospitality Group’s Vida Hotels and Resorts, an upscale lifestyle hotel and serviced ...

The recent Moody’s rating for Sharjah will impact positively on the emirate’s business environment as well help in attracting investments, according to the chairman of Sharjah Economic Development Department (SEDD). Sharjah’s rating of A3 by Moody’s Investors Service is based on the increased government revenue, stability of the budget indicators and high gross domestic product (GDP) per capita, Sultan Abdullah ...