Sharjah Commerce and Tourism Development Authority (SCTDA) has embarked on a roadshow of major European cities to promote the Emirate of Sharjah as a tourist destination. The first part of the European road show includes Austria, Germany and Switzerland and runs from 19-23 May 2014, with further country visits to be announced. More than 250,000 European tourists visited the Emirate ...

Sharjah Islamic Bank (SIB) announced this week that it has joined NASDAQ Dubai’s new Islamic financing platform, Murabaha, which offers an alternative for Islamic financing transactions using Sharia-compliant Certificates. SIB is the first bank to join the Murabaha platform, which was set-up by NASDAQ Dubai in partnership with Emirates Islamic Bank (EIB) and Emirates Islamic Financial Brokerage (EIFB). Originally founded ...

Sharjah could award up to AED 11 billion (US$3 billion) of construction projects by the end of 2014, according to a new report by Meed Projects. The report, which takes into account all known construction and transport projects in Sharjah with an estimated value of over AED18.3 million (US$5 million), predicted a bumper year for construction in the Emirate. According ...