News

The Government of Sharjah has announced a AED 22 billion (US$ 5.9 billion) budget for the year 2017, increasing government spending by some 3 percent, according to the emirate’s Central Department of Finance. Meanwhile, according to the statement, government revenue is expected to rise 7 percent compared with 2016. In common with past years, the 2017 budget places high priority ...

Firework display commemorates the arrival of 2017 at Al Qasba (click to view full size)

As 2016 draws to a close, Sharjah Investment and Development Authority (Shurooq) looks back on a busy year of promoting business and investment opportunities in the emirate. The authority’s 2016 campaign has included participation in global business and investment events, marketing roadshows, organising a major investor event in London and hosting the Sharjah FDI Forum. Activities have included visits to ...

H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and President of American University of Sharjah (AUS) has announced university plans to become the top research university in the Arab world within five years. Founded in 1997, the American University of Sharjah is a not-for-profit, independent, institution of higher education located in Sharjah’s University ...

After many years of quietly developing its cultural tourism resources, Sharjah has now begun to launch large scale eco-tourism projects that both help provide visitors with a richer experience and help protect the emirate’s natural environment. Perhaps the largest of these, so far, is the Mleiha Archaeological and Eco-tourism Project, which deftly presents the archaeological site and area of natural ...

NMC Health (LON:NMC), a leading UAE-based healthcare provider, is to acquire Al Zahra Hospital Sharjah from Gulf Medical Projects (ADX:GMPC) for US$560 million (AED 2.1b). Opened in 1981, the hospital is located in the Al Ghuwair district of Sharjah and is one of the largest medical facilities in the United Arab Emirates. NMC will fund the acquisition of Al Zahra ...

The Sharjah FDI Office ‘Invest in Sharjah’, the promotional arm of Sharjah Investment and Development Authority (Shurooq) has joined forces with Sharjah Economic Development Department (SEDD), to promote Sharjah as an unmatched investment–friendly destination locally and internationally. The move emphasises the ongoing efforts by Invest in Sharjah to strengthen integration and collaboration with local government bodies in the emirate. The ...

‘Invest in Sharjah’, the FDI office of the emirate of Sharjah, has debuted at business and investment forums in Asia, Europe and the Middle East, since the brand’s official launch in September. ‘Invest in Sharjah’ was first unveiled by Sharjah Investment and Development Authority (Shurooq) at the Sharjah FDI Forum 2016, as a new brand to help position Sharjah in ...

Sharjah’s east coast port of Khorfakkan is expected to welcome 28 luxury cruise ships disembarking some 72,000 tourists during the 2016/2017 cruise season, according to Sharjah Commerce and Tourism Development Authority (SCTDA). Among the vessels expected, three international cruise ships will make their maiden calls at Khorfakkan, while the management of US-based luxury cruise line Crystal Cruises are meeting the ...

Sharjah has successfully eyed increased opportunities for business with Far East Asia following the participation of ‘Invest in Sharjah’ at two key summits. An initiative from Sharjah FDI Office, Invest in Sharjah took part at events in South Korea and Shanghai to introduce businesspersons in two of Asia’s strongest economies to the emirate’s fertile investment landscape. Invest in Sharjah’s trip, ...