Business

Gulftainer has announced the appointment of Flemming Dalgaard as the new Chief Executive Officer of the group. The Sharjah-headquartered group is now the the world’s largest privately-owned, independent port operator, operating and managing ports and logistics businesses in the UAE and internationally across Iraq, Brazil, Lebanon, Saudi Arabia and the USA. The operator was recently presented with the ‘Port Operator ...

Sharjah-based energy company Dana Gas PJSC (DANA:ADX) started production from Sharjah’s Zora gas field in January, according to an investor presentation from the company. The Zora gas field forms part of the Sharjah Western Offshore Concession and is located in waters off Sharjah and Ajman. The field, which was originally discovered in 1979, has an initial production capacity of about ...

Global business aviation services company Gama Aviation plc has revealed to the Gulf News that it has now received approval to build a new maintenance hangar its fixed base operation (FBO) in Sharjah International Airport. The approval means that the company will be able to add three or four aircraft to its Sharjah-based managed fleet, in addition to the 7-8 ...

Sharjah Investment and Development Authority (Shurooq) has partnered with Dubai’s Emaar Properties and Abu Dhabi real-estate developer Eagle Hills to establish Omran Properties, which will develop commercial, industrial and real estate projects in Sharjah and beyond. Sharjah’s real estate market has seen a transformation with the recent construction of large-scale master planned developments and changes to laws allowing foreigners to ...

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-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 ...

Baalbaki Chemical Industries (BCI) has officially opened a new 15,000 square metre polyester and pre-polymer manufacturing plant in Sharjah’s Hamriyah Free Zone. The new production facility is the company’s first in the United Arab Emirates and adds 40,000 metric tonnes to the group’s capacity. Already a leading supplier of polyurethane systems and polyurethane raw materials, BCI has an existing production ...

Sharjah Port and Customs Authority has taken delivery of a new 80 foot harbour tug boat from Damen Shipyards Sharjah, for use at the emirate’s east coast Khorfakkan Port. The new Damen ASD Tug 2411, which is named Al Luolo’Aya, is the first ‘made in Sharjah’ tug to be put to work by the ports authority. Located in Hamriyah Free ...

Sharjah Airport International Free Zone (SAIF Zone) is constructing 127 new warehouses with a total area of 561,750 square feet within the Free Zone Industrial Park Area of the zone. The new warehousing is one of a number of expansion projects planned in response to the increasing demand facilities in the zone, which houses approximately 7,000 companies. SAIF Zone’s strategic location ...