News

IPT Energy LLC, a prominent leader in the energy sector with origins in Lebanon since 1970, recently celebrated a significant expansion milestone within Sharjah. This notable activity, supported by Invest in Sharjah, commemorated IPT Energy’s substantial growth and increasing influence in the region. In a strategic move, IPT Energy has recently expanded its presence in Sharjah by establishing IPT Energy ...

The United Arab Emirates (UAE) has secured its position as the world’s second-highest recipient of greenfield Foreign Direct Investment (FDI) announcements in 2023, following closely behind the United States. The revelation comes from the latest report by the United Nations Conference on Trade and Development (UNCTAD). The report sheds light on the UAE’s remarkable 28 percent increase in greenfield FDI announcements in ...

Sharjah Airport Authority revealed its performance results for 2023, in line with the agenda of the annual airport management meeting held at Buhais Geology Park in Al Madam, Sharjah. The results highlight the pioneering position of the emirate on the global travel map and the top-notch services delivered to passengers and companies. As per the Authority, the number of handled ...

Souq Al Jubail has achieved a significant milestone, welcoming over 50 million shoppers and visitors since its launch in 2015. It has positioned itself as a key market, commercial destination, and tourist landmark nationally and regionally, owing to integrated quality services and diverse facilities. This has made it an attractive destination for residents and visitors of the Emirate of Sharjah. ...

Ikigai Steel FZE has announced it will establish a new factory in Hamriyah Free Zone in Sharjah stretching over an area of 548,000 square feet and boasting an annual production capacity of 30,000 tonnes. The factory will be equipped with state-of-the-art plant and equipment, providing cutting edge technologies and high end solutions for the iron and steel industry, backed by ...

Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, in the presence of Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, laid the foundation stone for the terminal expansion project at Sharjah International Airport. The 190,000 square meters project is the largest phase of a series of expansion projects with ...

His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved Sharjah’s general budget for 2024, with total expenditures amounting to approximately AED40.832 billion, the largest in the emirate’s history, a budget that would achieve financial sustainability, ensure decent living, and ensure social security and sustainability. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, ...

The Hamriyah Free Zone Authority (HFZA) in Sharjah has entered into a strategic agreement with Halliburton, one of the world’s leading providers of products and services to the energy industry, in yet another significant move bolstering its appeal as an investment destination in the oil and energy sector. Under the agreement, Halliburton will expand its footprint within the UAE by ...

Sheikha Bodour bint Sultan Al Qasimi, the Chairperson of the Sharjah Book Authority (SBA), officially launched this year’s ‘Big Bad Wolf – Sharjah,’ the largest book sale in the world. The event, held in collaboration with Big Bad Wolf Ventures Sdn. Bhd., takes place at the Expo Centre Sharjah from December 19 to January 7. Following the opening ceremony, attended ...

Hussain Al Mahmoudi, CEO of the Sharjah Research Technology and Innovation (SRTI) Park has been elected President of the International Association of Science Parks (IASP), West Asia North Africa (WANA) division. The IASP functions as a ‘global network for science parks and areas of innovation’. Established in 1984, it has 350 members in 80 countries. It hosts over 40 world ...