News

The United Arab Emirates is the largest trade partner in the Organisation of Islamic Cooperation (OIC), with a 2014 trade volume of US$121.7 billion (AED 444b) accounting for 15.2 percent of total intra-OIC trade, according to Secretary-General of the Federation of UAE Chamber of Commerce and Industry, Humaid bin Salim. Turkey had the next highest level of trade with US$77.8 ...

Promoting Sharjah’s array of investment opportunities to Germany’s business community was the basis of a recent visit to Berlin which was successfully concluded by Sharjah Investment and Development Authority (Shurooq) on the day before yesterday (Friday). During their visit, Shurooq was at the German capital as it organised the Sharjah-Berlin Seminar, while on the second day, it participated at the 19th ...

Global business aviation services company Gama Aviation plc now offers ‘Category Zero’ handling for its fixed based operations (FBO) at Sharjah International Airport. New handling rates have been introduced to encourage the region’s light aircraft users to use Gama’s facilities at the airport. According to the company, there are some 128 light aircraft in the Middle East, accounting for 16 ...

Sharjah plans to establish a Centre of Excellence for Digital Government in the American University of Sharjah Research, Technology and Innovation (RTI) Park. The news was revealed during a meeting between His Highness Sheikh Dr Sultan Bin Mohammed Al Qasimi, Member of the Supreme Council, Ruler of Sharjah and President of American University of Sharjah and visiting SAP CEO Bill ...

Sharjah Electricity and Water Authority (SEWA) is evaluating eight bids for the contract to expand and convert Hamriyah power plant from an open-cycle plant to a combined-cycle facility, according to Middle East Economic Digest (MEED). Media reports indicate that the expansion is expected to increase electricity production capacity from 500 Megawatts (MW) to between 1,000 MW and 1,500 MW. The ...

Mleiha Archaeological and Eco-tourism Project, a new tourist, heritage and eco-tourism destination 50km east of Sharjah city, is to have an astronomical observatory built on top of one of the area’s mountains. The observatory is one of the outcomes from an agreement signed between Sharjah Investment and Development Authority (Shurooq) and Sharjah Centre for Astronomy and Space Sciences (SCASS), under ...

Opportunities for Turkish investors was the main item on the agenda at a business meeting at Sharjah Chamber of Commerce and Industry (SCCI). Organised by Sharjah Investment and Development Authority (Shurooq) in association with the Turkish Business Council in the UAE, the event was held in the presence of His Excellency Erdem Ozan, Turkish Consul General in Dubai, His Excellency ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has announced a 34 percent increase in its net profit for the three months ending 31 March 2016, compared to the same period last year. The strong first quarter financial results exceeded analyst expectations, despite regional economic uncertainties resulting from lower oil prices. ...

Sharjah Investment Center (SIC), a new 32 million square foot mixed-use industrial development in Sharjah, has sold 80 percent of the plots in its first two development phases to-date, according to Saudi property developer SNASCO. The project, which is a joint venture between SNASCO and UAE investors, has sold 350 plots out of the 15 million sq. ft. area allocated ...

The government role in supporting and growing Sharjah’s real-estate sector was a key topic under discussion at the Middle East Investment Summit (MEIS) 2016, which ran from May 2-3 at the Ritz-Carlton, Dubai International Financial Centre, Dubai. The subject was one highlighted by Sharjah Investment and Development Authority (Shurooq), who is the Gold Sponsor at MEIS 2016, with the government ...