News

Sharjah’s hotels registered more than two million guests during 2014, according to the latest statistics from Sharjah Commerce and Tourism Development Authority (SCTDA). Sharjah’s tourism received a boost during the past year as the Islamic Cultural Capital for 2014 and its new status as the Arab Tourism Capital for 2015 is expected to bring even more focus to emirate. Sharjah ...

Abu Dhabi, Dubai, Ras Al Khaimah and Sharjah were listed among the world’s top cities in ‘Economic Potential’ by the 2014/2015 Global Cities of the Future report produced by fDI intelligence, a division of the Financial Times (FT) specialising in foreign direct investment. Abu Dhabi and Dubai were listed in the report’s overall Top 25 cities list, while Sharjah and ...

Forty-nine homeowners have taken possession of new properties in the US$1.36 billion (AED5 b) Al Zahia mixed-use gated community development in Sharjah. According to the developers, fifty-one homes have been completed, including two show homes, and another 197 units will be built by Q2 2016. Developed by Majid Al Futtaim and owned by the government company Sharjah Holding, the community ...

Sharjah Islamic Bank (SIB) is arranging meetings with fixed income investors this week in advance of a planned U.S. dollar benchmark sukuk, a term normally used to describe an Islamic bond issue of value greater than US$500 million (AED 1.8b). Meanwhile, Moody’s Investors Service has assigned a provisional (P)A3 senior unsecured (foreign and local currency) MTN rating with Stable Outlook to the ...

Sharjah-based property company, JMS Property Development and Management, has announced the launch of a mixed use, multi-purpose property development in Sharjah’s popular Al Nadha district. The AED 700 million (US$191 m) development, called Al Rayyan, will include residential, commercial and retail units covering a total of 251,000 square metres (2,700,000 sq. ft.). Designed by architectural firm B&H, Al Rayyan will ...

قررت حكومة الشارقة رفع الحد الأدنى لأجور موظفي الحكومة إلى 11 ألف درهم إماراتي في الشهر (2.995 دولار أمريكي)، كما سيتم أيضا رفع الحد الأدنى للمعاش الشهري للمتقاعدين إلى 11 ألف درهم إماراتي. وتعتبر هذه الخطوة جزءا من عدة مبادرات، أطلقها صاحب السمو الشيخ الدكتور سلطان بن محمد القاسمي عضو المجلس الأعلى حاكم الشارقة، بهدف ضمان الاستقرار المعيشي للمواطنين. وكانت ...

قررت حكومة الشارقة رفع الحد الأدنى لأجور موظفي الحكومة إلى 11 ألف درهم إماراتي في الشهر (2.995 دولار أمريكي)، كما سيتم أيضا رفع الحد الأدنى للمعاش الشهري للمتقاعدين إلى 11 ألف درهم إماراتي. وتعتبر هذه الخطوة جزءا من عدة مبادرات، أطلقها صاحب السمو الشيخ الدكتور سلطان بن محمد القاسمي عضو المجلس الأعلى حاكم الشارقة، بهدف ضمان الاستقرار المعيشي للمواطنين. وكانت ...

The Government of Sharjah is to increase the minimum salary of government employees to AED 11,000 per month (US$ 2,995), while retirees will also be ensured a minimum monthly income of AED 11,000. The move is part of several initiatives to provide stability and security for Emirati employees launched by His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Member ...

The 2015 World Forum for Foreign Direct Investment took place in Sharjah, United Arab Emirates from 8-10 February, drawing policy makers, corporate investors, FDI experts and government officials from all over the world. Hosted by the Sharjah Investment and Development Authority (Shurooq) and organised by Conway Events, the Sharjah 2015 edition of the forum marked the first time that the ...

Sharjah-headquartered Air Arabia (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has announced a net profit of AED 566 million (US$ 154m) for 2014, up 30 percent on its net profit for 2013. The airline’s turnover for 2014 increased by 17 percent to AED 3.7 billion (US$ 1b), driven by growth in passenger numbers. Air ...