News

Global credit rating agency Standard & Poor’s has once again affirmed the Emirate of Sharjah’s A/A-1 sovereign credit ratings long- and short-term, foreign and local currency. These ratings were made on the basis of Sharjah’s strong nominal GDP (gross domestic product) growth, despite reports of a slow-down in the UAE’s non-oil business growth. S&P began assigning sovereign credit ratings for ...

Sharjah-headquartered Air Arabia, the largest low-cost carrier operator in the Middle East and North Africa, has confirmed that it is considering an investment in FlyEasy, a new Indian budget airline that has yet to launch. According to the International Air Transport Association (IATA), India’s domestic airline business is currently the fastest growing in the world, showing a ​13.2 percent growth ...

Sharjah-headquartered regional budget carrier Air Arabia and business aviation services operator, Gama Aviation Sharjah, were honoured at the recent Aviation Business Awards (ABA). Organised by magazine publisher ITP Ltd, the annual Aviation Business Awards celebrate the achievements of the Middle East aerospace industry over the past 12 months. Air Arabia was named both ‘Low Cost Airline of the Year’ and ...

Sharjah Investment and Development Authority (Shurooq) is set to showcase its latest projects and destinations in this year’s edition of the World Travel Market, WTM, being held in London from November 2nd – 5th. Operating under the Sharjah Commerce and Tourism Development Authority’s, SCTDA, pavilion at WTM, the Shurooq stand will feature the authority’s newest developments, including Al Noor Island, ...

Gulf Petrochem Group, a leading Sharjah-based conglomerate with a business unit specialised in petrochemical trading, storage and transportation, has opened it’s new 203,888 cubic metres (cbm) liquid storage terminal at Hamriyah Free Zone. The new storage terminal, which will become fully operational this month, will be able to store all classes of petroleum products such as fuel oil, gas oil, ...

As part of its strategy to cement the Emirate’s position as a leading regional hub for investment and business, Sharjah Investment and Development Authority (Shurooq), is set to take part in the 11th edition of the World Islamic Economic Forum (WIFE) in the Malaysian capital, Kuala Lumpur, on November 3 – 5. Geared towards attracting investors interested in the Emirate, ...

Sharjah Asset Management, the investment arm of the Government of Sharjah, has announced the launch of a new 14 million square foot industrial estate near Sharjah International Airport. Al Saja’a Industrial Oasis is expected to be one of the largest industrial projects in the region, initially offering 353 plots to investors on freehold or leasehold basis. Sharjah has developed a ...

Accor Hotels Middle East, one of the fastest growing hospitality groups in the Middle East, is expanding its footprint in Sharjah with the addition of a 188-room Pullman hotel, near to Expo Centre Sharjah. The group announced the new property after signing a number of new hotel management agreements with Sharjah-headquartered Manazil Group. Accor has previously announced plans for a ...

As part of its ongoing commitment to cementing the Emirate’s position as a leading regional business and investment hub, Sharjah Investment and Development Authority (Shurooq), took part in the 7th edition of the China Overseas Investment Fair (COIF), which was held in Beijing on 22 – 23 of October. Led by Investment Promotion Executives at Shurooq, Yonghui MA and Marwan ...

The Sharjah Census 2015 begins this week with 1,800 researchers, observers and volunteers conducting door-to-door interviews across Sharjah emirate. The census will provide data for strategic planning and help the government further develop Sharjah’s infrastructure and resources. Sharjah was recently named as the first World Health Organisation (WHO) Healthy City, in the Middle East and North Africa, for putting health ...