News

Sharjah headquartered United Arab Bank (UAB) has announced the successful closing of an US$120 million credit facility for client, Aegean Oil Terminal Corporation (Aegean). The credit facility marks the first syndicate lead for UAB, as it seeks to position itself as a lead arranger. Other syndicate members are Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai and National Bank ...

His Highness Sheikh Dr Sultan bin Muhammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, inaugurated Al Noor Island, a unique destination in the emirate of Sharjah, on Tuesday in the presence of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and Sheikha Bodour bint Sultan Al Qasimi, ...

Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq) recently visited the Mleiha Eco-tourism and Archaeological Project, which is undergoing development by Shurooq in collaboration with the Directorate of Town Planning and Survey, Directorate of Antiquities at the Department of Culture and Information and the Environment and Protected Areas Authority (EPAA), with the aim of ...

Sharjah Investment and Development Authority (Shurooq) has announced the opening of the 45,470 square meter Al Noor Island in Khalid Lagoon in Sharjah. The AED 80 million (US$23m) island development combines art, nature and leisure attractions to create a scenic and tranquil destination in the heart of Sharjah city. Sharjah’s newest leisure attraction has been designed and developed to inspire the ...

Sharjah-headquartered terminal operator Gulftainer has been presented with the ‘Port Operator Award’ at the Lloyd’s List Middle East and Indian Subcontinent Awards 2015. Lloyd’s List provides information, analysis and knowledge for business decision makers in the global shipping community. The annual awards were held on 9 December 2015 in Dubai, where CEO International Operations Flemming Dalgaard received the award on ...

HE Marwan bin Jassim Al Sarkal, CEO of Sharjah Investment and Development Authority (Shurooq), recently visited the Sharjah Center for Astronomy & Space Sciences at its headquarters in the University City of Sharjah to discuss means of cooperation between the authority and the centre with the joint aim of boosting tourist activity. HE Marwan Al Sarkal and the accompanying delegation ...

Read more about Sharjah World Music Festival 2017 The third edition of Sharjah World Music Festival organized by Furat Qaddouri Music Centre and sponsored by Sharjah Investment and Development Authority (Shurooq), will start on the 7th of January 2016, in participation of Arab and western artists and musical bands from 13 countries. The festival’s concerts will take place at Al ...

Sharjah Department of Public Works announced that it has undertaken more than 700 health, educational, housing and services development projects worth over AED 3 billion (US$ 0.8b) in different parts of the emirate. Abdullah Noman, head of supervision at the department of building projects, said that next year would see construction of many buildings including the AED 30 million (US$ ...

Sharjah expects as many as 37 port calls from cruise ships during the 2015-2016 season, according to Sharjah Commerce and Tourism Development Authority (SCTDA), bringing an estimated 80,000 cruise passengers to the emirate. GCC countries will receive more than a million visits from cruise passengers during the 2015-2016 cruise season and Sharjah’s cruise business has been growing steadily. Strategically located ...

Sharjah Businesswomen Council (SBWC) is to launch a new start-up incubator programme to help Emirati women entrepreneurs bring new business ideas to life. Formed under the patronage of Sheikha Jawaher Bint Mohammed Al Qasimi, Honorary Chairperson of SBWC in collaboration with Education For Employment (EFE), the new initiative is called ‘Jeel’ (‘generation’ in Arabic) and will support start-ups in cities ...