Tag Archives: feature

Sharjah Islamic Bank (SIB) this week announced a net profit of AED 272.9 million (US$ 74.8m) for the first half of 2017, reporting a 6.2 percent increase on the AED 257.0 million (US$ 70.4m) net profit posted for the same period in 2016. SIB also reported a 10 percent increase in total assets, showing AED 36.9 billion (US$ 10.1b) in ...

Passenger traffic grew by 3 percent at Sharjah International Airport during the last quarter, as the airport handled 2.75 million passengers during April, May and June, compared with 2.66 million during the same period of 2016. Overall, Sharjah handled 5.5 million passengers during the first half of 2017, about 3 percent higher than the first half of 2016. Sharjah handled ...

Sharjah has become the first Arab city to join the World Health Organisation’s (WHO) Global Network of Age-Friendly Cities and Communities. Holding the inaugural meeting of the city’s age-friendly network committee in May, the initiative falls under the emirate’s 2017-2020 strategic plan. In recent years, Sharjah has put increasing focus on environmental, ecological and societal issues and launched a wide ...

Sharjah Commerce and Tourism Development Authority (SCTDA) has launched ‘Sharjah Summer’, a two-month campaign aiming to drive entertainment, leisure, retail and tourism sales, underpinned by discounts of up to 50 percent. It is the emirate’s first summer campaign that integrates offers from airlines, hotels, government institutions, travel agencies, shopping centres and other private sector companies. So far, about 30 public ...

Demand for houses in Sharjah has outperformed expectations with villa rental prices increasing by 11.7 percent during the first six months of 2017, according to global property consultancy Cluttons. The company’s Sharjah Property Market Snapshot for Summer 2017 report shows that average villa rents in Sharjah now stand at about AED 112,000 (c. US$ 30,500) per annum and can be ...

The United Nations Educational, Scientific and Cultural Organization (UNESCO) has named Sharjah its ‘World Book Capital 2019’, in recognition of the emirate’s initiatives to further reading, literacy and book publishing. The announcement also adds further weight to Sharjah’s efforts to establish a global book publishing hub at its purpose-built ‘Sharjah Publishing City’, which has already received an overwhelming response from ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has added its third permanent new international route from Sharjah this year with the addition of direct flights to Hargeisa, the capital of Somaliland. The airline now operates flights to over 130 destinations across the Middle East, Asia, Africa, Asia, and Europe from ...

Sharjah Urban Planning Council (SUPC) has launched the Sharjah Waterfront Bicycling and Jogging Path project, a 27 kilometre track that will ultimately link Ajman and Dubai via Sharjah city. The new project is one of a wide range of urban development initiatives in the emirate that focus on the wellbeing and quality of life of its residents. The Sharjah Waterfront ...

Al-Hawai Tyre Co. , the sole distributor of Pirelli for the northern emirates, is to create a logistics hub at Al Saja’a Industrial Oasis, an industrial park 30 minutes outside Sharjah city centre. Established more than 30 years ago, Al-Hawai will build a distribution centre for Sharjah and Northern Emirates, a maintenance workshop and a new retail outlet. There are ...