News

Vittorio International Fragrance Company has announced an ambitious plan to establish a new regional hub at the Sharjah Airport International Free Zone (SAIF Zone) in an effort to bolster its expansion efforts across the Middle East markets, reflecting Sharjah’s growing stature as a global economic centre. The Azerbaijani company signed a Memorandum of Understanding (MoU) with SAIF Zone at the ...

Alexandria International, a leading manufacturer in the flooring and office furniture sector, has recently inaugurated its state-of-the-art logistics distribution centre in Sharjah, encompassing operational facilities spanning 74,000 square feet. This strategic move positions the centre to efficiently cater to both the local UAE market and the wider regional sector while taking advantage of Sharjah’s strategic location and reputation as a ...

Sheikha Bodour Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq), has opened two new exhibitions, titled “Consciousness in Flux. Faig Ahmed” and “Hard Edges. Khalid Al Banna” at the Maraya Art Centre in Sharjah – a non-profit creative initiative by Shurooq that supports the region’s emerging and established artists. Both exhibitions will be running until 1st August 2024. ...

To support and encourage entrepreneurship and innovation in the emirate, the Sharjah Investors Services Center (SAEED), an affiliate of the Sharjah FDI Office (Invest in Sharjah), has launched the “Emerging Entrepreneurs” initiative. This forward-thinking programme aims to streamline the process for entrepreneurs and innovators to establish and launch their ventures within Sharjah, offering support for youth projects, promoting economic diversification, ...

 Air Arabia has achieved record financial results for the full year ending December 31, 2023, the airline said in a media release on Tuesday. The airline achieved double-digit growth in profitability and passenger numbers, with a record 27 per cent increase in net profit. The budget-carrier reported net profit of Dh1.5 billion for 2023, up from Dh1.2 billion recorded in ...

H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated, on Wednesday, the Marine Simulator Centre building at the Sharjah Maritime Academy (SMA) in Khorfakkan for basic and postgraduate studies. During his visit, H.H. Dr. Sheikh Sultan had the opportunity to tour the academy’s advanced laboratories and simulation rooms. One of the highlights was ...

S&P Global Ratings, the world’s leading credit rating agency, expects the UAE’s real GDP to grow by 5.3 percent in 2024, compared to 3.4 percent in 2023. In a new report released today, the credit rating agency said that UAE banks reported exceptional profits for the full year 2023 due to lower provisioning requirements and higher interest margins, in addition ...

The UAE’s Comprehensive Economic Agreement with Cambodia has officially entered into force, promising to enhance trade flows, create opportunities for strategic investment, and accelerate economic diversification for both countries. The agreement will do so through the removal or reduction of tariffs on more than 92% of product lines, eliminating unnecessary barriers to trade, and improving market access for service exports. ...

Today (February 8), the Sharjah FDI Office (Invest in Sharjah) — in collaboration with the Consulate of Malaysia and the Malaysian Business Council — conducted the ‘Sharjah-Malaysia Business Roundtable’ at the House of Wisdom, convening Chairmen and CEOs of influential entities in Sharjah, along with diplomats, Malaysian delegates, and representatives. The primary objective of the roundtable was to strengthen the ...

Adding yet another feather to its cap and further solidifying Sharjah’s reputation as a preferred destination for specialized global enterprises, the Sharjah Airport International Freezone (SAIF Zone) successfully attracted Heesung PMTech Middle East, a Korean company specializing in platinum group metals (PGM) recycling. The company has established a state-of-the-art refinerشy covering 6,500 square feet within the Free Zone, marking an ...