INSEAD Day 4 - 728x90

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

Sharjah sees Al Hamriyah plant work over 80% completed

    • The plant has a gas turbine with a production capacity of 400 MW

    • It also has a heat recovery boiler as well as a steam turbine with a capacity of 200 MW

    The Hamriyah Independent Power Plant in Sharjah is seeing steady progress, with more than 80% work already completed, said local reports on Friday, June 18. 

    The plant has a gas turbine with a production capacity of 400 MW, said the reports, adding that it also has a heat recovery boiler as well as a steam turbine with a capacity of 200 MW.

    The Al Hamriyah project, one of the most recent in the energy sector, reportedly comprises three stages operating on an installed cycle system, each of which can produce 600 MW.

    The project aims to increase the installed production capacity to 4,600 MW of electricity, and raise the operational efficiency to more than 60%, thus having a significant impact on reducing carbon emissions, said Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, after an inspection tour of the project. 

    He was later briefed on the project’s operations room and learned how it works using the latest technologies in control and follow-up. 

    He expressed his happiness with the pace of work which is being implemented in phases.

    The first of the installed phases began trial operation last April, with the main operation to start next November. 

    The second stage is expected to be completed in February 2022 while the third and final group in February 2023.