• Air Arabia shareholders approve 20% dividend for FY2023

    SHARJAH, UAE – Air Arabia shareholders approved the distribution of a 20 percent cash dividend for the financial year ended December 31, 2023 (FY2023), at the company’s Annual General Meeting (AGM). The dividend, which is equivalent to 20 fils per share, underscores another year of record financial performance for the...
  • Sharjah real estate transactions hit $844 million in February: Report

    Sharjah, UAE -- Sharjah witnessed real estate deals worth AED 3.1 billion ($844 million) in February 2023, according to the Real Estate Transactions and Mortgages Movement report issued by the Sharjah Real Estate Registration Department. The report said the results indicate that the real estate sector in Sharjah continues to...
  • European tourists make a beeline for Sharjah as 400,000 visit in 2023

    Sharjah, UAE-- Nearly 400,000 visitors from Europe have traveled to Sharjah during last year, marking a notable 28 percent increase compared to the previous year, with Europeans constituting 27 percent of the total visitor count. Sharjah Commerce and Tourism Development Authority (SCTDA) made the announcement during its press conference on...
  • Sharjah government issues 12-year bonds worth $750 million

    Sharjah, UAE -- Bank of Sharjah has acted as a joint lead manager and bookrunner in Sharjah government's issuance of a $750 million, 12-year US dollar-denominated senior unsecured sustainable bond, alongside other international and regional banks. The bond attracted significant investor interest, evidenced by an order book that exceeded $4...
  • Singapore’s Petrozo Energy setting up Sharjah base to target Middle East

    Sharjah, UAE – Petrozo Energy, a leading Singapore-based oil and gas company, has announced a plan to establish a new manufacturing facility in the Hamriyah Free Zone in the UAE.   The free-zone is strategically located on the borders of Ajman and Sharjah, with direct access to Ras Al Khaimah.  The...
  • SCC committee discusses issues related to Sharjah’s economy and tourism

    SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss points to be raised on the policy of Sharjah Commerce and Tourism Development Authority (SCTDA), during the next session. A number of key issues related to stimulating economic growth and...
  • Air Arabia 2023 net profit $408m

    The firm recorded a 27 percent rise in profit compared to 2022.
  • Sharjah Chamber posts growth in membership in 2023

    SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has announced a series of significant achievements of the year 2023, underscoring its multifaceted endeavors in bolstering the business community. In 2023, the Chamber saw a notable increase in its total registered memberships, reaching 72,187, with 7,160 new members...
  • SAIF Zone signs MoU with Tokai Optical

    The Japanese firm will lease a warehouse in the free zone.
  • SIB, Noqodi sign agreement

    The Noqodi platform will enable digital payments.
  • IPT Energy floats new firm in Sharjah

    It will engage in the import and trading of oil products.
  • Alef Group announces US$84m sales transaction at ACRES 2024

    SHARJAH, UAE - Alef Group concluded its participation in the ACRES Real Estate Exhibition 2024 with resounding success, generating significant demand and securing approximately US$84 million (AED310 million) in sales transactions for its residential projects. CEO of Alef Group Issa Ataya said, “ACRES was a good opportunity to connect with...
  • Sharjah, Sfax chambers look to boost ties between UAE and Tunisia

    Sharjah, UAE--The Sharjah Chamber of Commerce and Industry (SCCI) and the Chamber of Commerce and Industry of Sfax, Tunisia, held a meeting to discuss advancing cooperation and joint efforts to further develop the relations between the two countries' business communities. The meeting touched on exchanging commercial delegations, holding joint events...
  • Sharjah Consultative Council okays emirate’s draft budget 2024

    Sharjah, UAE - The Sharjah Consultative Council approved the draft law regarding the budget of departments and entities of the Sharjah government for the fiscal year 2024 during its second meeting, local media reports said. The meeting was held Thursday at its headquarters in Sharjah as part of its first...
  • Sharjah’s ‘Mleiha’ and ‘Al Dhaid’ added to Islamic World Heritage

    Sharjah, UAE - The Islamic World Heritage Committee of the Islamic World Educational, Scientific and Cultural Organization (ISESCO) added the Mleiha archaeological site and Al Dhaid Fort and Falaj to the List of the Islamic World Heritage. The Sharjah Archaeology Authority (SAA) has completed the nomination dossier of the Mleiha...
  • Bank of Sharjah joint lead manager for $350m Ittihad sukuk

    SHARJAH, UAE - Bank of Sharjah announced its selection as joint lead manager and bookrunner in the debut US$350 million 144A/Reg S senior unsecured sukuk for Abu Dhabi-based Ittihad International Investment LLC, alongside other international and regional banks. In response to the successful closure of this transaction, Mohamed Khadiri, CEO...
  • Gulftainer extends concession pacts

    The agreements with Sharjah Ports extended for another 35 years.
  • Sharjah records real estate transactions worth US$980m in October 2023

    SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate, amounting to US$980 million (AED3.6 billion) in trade value and involving 8.2 million square feet, the Sharjah Real Estate Registration Department said in a report.   This surge reflects a...
  • Sharjah looks to boost economic, investment ties with Uganda and Kenya

    Sharjah, UAE-- In a groundbreaking move to strengthen ties with burgeoning markets in Africa, the Sharjah Exports Development Centre (SEDC) is spearheading a trade mission to Uganda and Kenya. This strategic venture aims to bolster economic and investment cooperation, paving the way for a new era of business opportunities. Under...
  • Sharjah looks to boost economic, investment ties with Uganda and Kenya

    Sharjah, UAE-- The emirate of Sharjah is seeking to boost economic and investment cooperation with Uganda and Kenya. In this connection, the Sharjah Chamber of Commerce and Industry (SCCI) will dispatch a trade mission to Uganda and Kenya to enhance ties with the two African nations. Led by the Sharjah...
  • Hamriyah Freezone Authority, Amazon UAE ink pact for logistics center

    SHARJAH, UAE - Hamriyah Freezone Authority (HFZA) and Amazon UAE have signed a lease agreement for a new logistics center which will enhance delivery services for customers in the Northern Emirates. In line with HFZA's vision to bolster economic growth and innovation in the region, the agreement supports Amazon UAE’s...
  • Nearly 5,000 member companies join Sharjah Chamber in 2023

    SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has logged an impressive surge in new memberships this year, registering 4,981 new companies through the end of the third quarter. With this increase, the Chamber’s main branch and its other branches in Al Dhaid, Khor Fakkan, Dibba Al-Hisn,...
  • Air Arabia launches non-stop flights between UAE’s Sharjah, Egypt’s Giza

    SHARJAH/ ABU DHABI, UAE -  Air Arabia announced the launch of a new route operating between Sharjah and Giza city in Egypt. The non-stop flights will connect Sharjah International Airport with Sphinx International Airport with a frequency of five weekly flights starting from  December 6, 2023. Group Chief Executive Officer,...
  • ADX inks pact with Expo Center Sharjah to boost financial services

    Abu Dhabi, UAE - The Abu Dhabi Securities Exchange (ADX) signed an agreement with the Expo Center Sharjah to enhance its services for Sharjah’s investor community, local media reports said. The agreement was signed at Expo Centre Sharjah, with Abdulla Salem Al Nuaimi, CEO of ADX, and Saif Mohammed Al...
  • Sharjah Chamber to host two-day Gulf-Iraq Business event

    SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) said it is likely to host the first Gulf-Iraq Business Forum on September 26- 27, local media reports said. The theme of the event is “Partnership for a Promising Economic Future”, and is expected to present multiple investment opportunities....
  • Sharjah Social Security Fund offers service period purchase option

    SHARJAH, UAE - The Sharjah Social Security Fund (SSSF) has allowed the possibility of acquiring the service period for insured employees in accordance with the relevant laws and regulations. This aligns with the law's objectives and the fund's strategies aimed at enhancing the well-being of employees and providing them with...
  • AstraTech to expand across India, Pakistan, and Egypt: founder

    Sharjah, UAE -- The UAE-based technology firm AstraTech is seeking to expand across India, Pakistan, and Egypt in the near future as part of its global expansion strategy. “Last month, we acquired a banking company in the Philippines as part of our global expansion, and now we are looking at...
  • Norms may make it easy to navigate ethical maze of AI

    While speaking at the International Government Communication Forum in Sharjah, he emphasized that it's essential to regulate technology and overall policies to ensure cybersecurity and ethical AI use, stressing the necessity of local regulations in addition to international standards.
  • ‘Sharjah solidifies its global cultural hub status’

    "The Sharjah International Book Fair has established itself as an exemplary Arab accomplishment, and we are elevating its role to enrich global culture. It has served as a platform for publishers, book industry professionals, and libraries to flourish, build partnerships, and strengthen relationships with their target audience,” she adds.
  • Sharjah to host Gulf-Iraq business forum to ramp up economic ties

    Sharjah, UAE--Sharjah will host the first-ever Gulf-Iraq Business Forum on 26th and 27th September to boost economic ties between the GCC and Iraq. The event is an initiative of the Federation of GCC Chambers and is being organized in partnership with the Federation of UAE Chambers of Commerce and Industry...
  • Expo Center Sharjah to host 63% more events in last quarter

    Sharjah, UAE - Expo Centre Sharjah said it will host 63 percent more events in the last quarter of 2023, compared to last quarter of 2022. The Center will host 18 economic, trade, and cultural exhibitions, while during the same period last year, it hosted 11 such events. The events,...
  • Sharjah records real estate deals worth $517 million in July

    Sharjah, UAE -- Sharjah has recorded real estate transactions worth AED1.9 billion ($517 million) during July 2023, according to the monthly report issued by Sharjah Real Estate Registration Department. The department executed a total of 2,783 transactions, including 684 sales transactions across 96 areas in various regions of the emirate and...
  • Abu Dhabi, Dubai realty resilient despite surging inflation, interest rates

    Abu Dhabi, UAE – Real estate markets of UAE capital Abu Dhabi and Dubai demonstrated resilience in the face of rising interest rates and inflation in the second quarter, with Dubai realty market outperforming many if its peers worldwide, a report said. The report by Asteco, a full-service Real Estate...
  • Air Arabia Q2 profit $125m

    The company’s turnover during the second quarter was $380m.
  • Sheikha Bodour to chair revamped board at American University of Sharjah

    SHARJAH -- Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has outlines the restructuring of the Board of Trustees of the American University of Sharjah (AUS). The decree stipulates that the AUS Board of Trustees will be chaired by Sheikha Bodour bint Sultan bin...
  • Sharjah Chamber and FDI Office discuss ways to promote real estate sector

    Sharjah, UAE--The Real Estates Sector Business Group has discussed with the Sharjah FDI Office (Invest in Sharjah) ways to promote lucrative real estate investment projects in Sharjah and invigorate the local real estate sector. The meeting looked into ways to benefit from the Sharjah FDI Office's expertise to promote real...
  • Sharjah Business Women Council connects 500+ women to UAE’s business ecosystem in H1 2023

    Sharjah, UAE - It's been a busy start to the year for members of the Sharjah Business Women Council (SBWC), who have made big leaps in their journeys of learning and business networking.  SBWC has a member community of 2,000+ business women and aspiring entrepreneurs. From organising introductory meetings across...
  • Seventh Al Dhaid Date Festival witnesses huge turnout

    SHARJAH, UAE – The seventh edition of Al Dhaid Date Festival continues to captivate participants and visitors alike, in a celebration of heritage, competition and taste. Organized by the Sharjah Chamber of Commerce and Industry (SCCI), the event has been hosted at Expo Al Dhaid and offers an enticing platform...
  • Sharjah posts $149 million in first half realty transactions

    Sharjah, UAE -- Sharjah real estate sector recorded deals worth AED549.4 million ($149.5 million) for the first half of 2023, a report by the Sharjah Real Estate Registration Department said. The transactions were facilitated through the department's branches located in the Central region and the cities of Khorfakkan, Dibba Al-Hisn,...
  • Ruwad approves financing for several projects in various sectors

    Sharjah, UAE-- Ruwad, or the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad), has approved the financing of three projects after studying the feasibility of 15 requests for funding in various sectors between April and June. Sultan Abdullah bin Hadda Al Suwaidi, Chairman of the Sharjah Economic Development Department, praised the...
  • Sharjah nurturing publishing sector for five decades

    “Sharjah has hosted the world’s largest book fair in terms of buying and selling of copyrights, developed pioneering business solutions and created literary initiatives to champion authors, publishers, literary agents, media professionals, and booksellers worldwide, but this is just the beginning,” she adds.
  • Sharjah records first half real estate deals worth $3.65 billion

    The city of Sharjah accounted for the largest (3,794) share of the transactions.
  • Herald, SAIF Zone sign agreement

    Herald aims to expand its presence in the region.
  • Arada H1 sales $1.15bn

    The company witnessed a 186 percent increase in sales.
  • Sharjah’s literary organization SILA gets new director

    SHARJAH, UAE - Sharjah International Literary Agency (SILA) has named one of UAE’s top publishing executives, Tamer Said, its next director, opening a new chapter for the ambitious rights exchange and literary translation body. Since its creation in 2020 by Sharjah Book Authority under Chairperson Sheikha Bodour Al Qasimi, SILA...
  • UNESCO-Sharjah Prize for Arab Culture honors winners in Paris

    Paris, France-- The19th UNESCO-Sharjah Prize for Arab Culture was awarded to Kassem Istanbouli, Lebanese actor-director, and Hajer Ben Boubaker, French researcher and sound director, at UNESCO Headquarters in Paris on June 26, 2023. The event, organized by the Sharjah Department of Culture in collaboration with UNESCO, celebrated the achievements of...
  • Sharjah real estate transactions in May valued at US$653m

    SHARJAH, UAE - The emirate's real estate activity during May 2023 logged a total value of US$653 million (AED 2.4 billion), further enhancing Sharjah's position as an ideal destination for investors, businessmen and families. The Real Estate and Mortgage Report issued by Sharjah Real Estate Registration Department (SRERD) revealed that...
  • 38 million passengers used services of SRTA in 2022, say reports

    SHARJAH, UAE - The Sharjah Roads and Transport Authority (SRTA) said it transported about 38 million passengers, throughout the year 2022, local media reports said. This includes passengers benefiting from the mass transportation services on the public transportation network in the emirate, represented by intercity buses, taxis, in addition to...
  • Sharjah’s Sabaa Sanabel wheat gets Made in the UAE mark

    SHARJAH, UAE -  Sabaa Sanabel wheat flour, made from the wheat produced here, has become the first national product to obtain the Made in the UAE mark. Sabaa Sanabel wheat flour has met the highest quality and safety standards in force in the UAE, boosting its competitiveness in the market...
  • SEWA holds talks with US consulate to promote innovation for energy solutions

    Sharjah, UAE-- The Sharjah Electricity Water and Gas Authority (SEWA) has held talks with a US consulate-general delegation to explore efforts in promoting innovation in energy and water and developing sustainable solution for energy production using advanced technologies. In this regard, Abdullah Abdul Rahman Al Shamsi, Director-General of SEWA, hosted...
  • SEWA, US delegation explore collaboration in innovation, sustainability

    Sharjah, UAE - Abdullah Abdul Rahman Al Shamsi, Director-General of SEWA Sunday discussed the authority's initiatives to reduce emissions and combat climate change with a delegation from the US Consulate General, led by Megan Gregonis, the Consul-General in Dubai. The discussion also focused on SEWA's efforts in promoting innovation in...