Latest news with #SHARJAH
Zawya
28-03-2025
- Business
- Zawya
Sharjah's SEWA completes Houshi 33/11 kV power transmission station
SHARJAH - Sharjah Electricity, Water and Gas Authority (SEWA) announced the commencement of operation of Houshi power transmission station of 33/11 kV, at a total cost of AED 23 million. The station will contribute to strengthening and developing the power transmission and distribution networks in the Emirate of Sharjah and providing high-quality services to the residents of Houshi and neighbouring areas. Engineer Hamad Al Tunaiji, Director of the Power Transmission Department, explained that the station was completed, connected to the grid, and operated according to the highest safety and security standards. It is equipped with advanced systems to ensure quality and efficiency. This is in implementation of the directives of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, to continuously develop services and within the framework of SEWA commitment to implementing projects according to the best specifications and within the fastest timeframe to provide the best services to the residents of the Emirate of Sharjah. Al Tunaiji added that the station operation comes as part of the Authority's strategic plan to develop energy transmission and distribution projects, which includes the implementation of power transmission stations in several areas. This aims to achieve stability and consistency in power networks and meet the needs of new development projects. Engineer Abdullah Al Kous, Deputy Director of the Power Transmission Department at SEWA, confirmed that the station consists of three transformers, each with a capacity of 20 megavolt-amperes, in addition to eight 33-kilovolt breakers, 25 11-kilovolt breakers, and capacitors.
Zawya
18-03-2025
- Business
- Zawya
Air Arabia shareholders approve 25% dividend distribution
SHARJAH - Air Arabia shareholders approved the distribution of 25 percent cash dividend for the financial year ending December 31, 2024 at the company's Annual General Meeting (AGM). The dividend, which is equivalent to 25 fils per share, marks another year of strong financial performance for the award-winning low-cost carrier. The Board of Directors' recommendation follows the airline's robust financial performance in the year ending December 31, 2024, where Air Arabia reported a record net profit before tax of AED1.6 billion, marking a 4 percent increase compared to 2023. During the AGM, the report of Air Arabia's auditors, balance sheet, as well as profit and loss accounts were approved by the assembly for the year ending December 31, 2024. Furthermore, the Board of Directors and auditors of the company were discharged from liability for the financial year ending December 31, 2024, while auditors for the next fiscal year were appointed and their remuneration fixed. Sheikh Abdullah Bin Mohammed Al Thani, Chairman of Air Arabia, said, 'Despite geopolitical tensions and economic challenges, Air Arabia Group sustained exponential growth in 2024, driven by increased operating capacity, new route launches, and continued network expansion. This exceptional year underscores our commitment to delivering a value-driven travel experience, strengthening our global footprint, and maintaining operational excellence. Our financial and operational performance reaffirms the strength of our business model, strategic vision, and the dedication of our team.' In 2024, Air Arabia added 31 new routes to its global network from its six operating hubs in the UAE, Morocco, Egypt, and Pakistan. The carrier took delivery of 10 new aircraft and ended the year with a fleet of 81 Airbus A320 and A321 aircraft operating to over 220 routes across the Middle East, Africa, Asia, and Europe. MA
Arab News
08-03-2025
- General
- Arab News
Iraqi artist Afifa Aleiby unveils new painting of historical women from Islamic civilization
SHARJAH: What do Wallada Al-Mustakfi, Rufaida Al-Aslamia, Dayfa Khatun, and Aminatu have in common? They are all distinguished women in Islamic history that you more than likely have never heard of before. That is about to change thanks to a new painting by the acclaimed Iraqi artist Afifa Aleiby, whose colorful 'A Wonderful World,' pays tribute to 16 noteworthy Muslim women whose names have faded away over time. For the latest updates, follow us on Instagram @ Commissioned by the Barjeel Art Foundation in Sharjah, the painting will be on public display at the House of Wisdom in Sharjah until the end of Ramadan and will later be transferred to the Sharjah Museum of Islamic Civilization. Aleiby's work is a companion piece to a 1988 painting titled 'Islamic Scientists,' by the late Syrian artist Mahmoud Hammad and currently in the collection of Barjeel Art Foundation. In his composition, Hammad highlighted 16 influential male scholars and physicians, including Ibn Sina and Ibn Rushd. 'Exhibited together for the first time, these artworks stand as a powerful reminder of the transformative impact of these intellectuals, both men and women, on the history of Islamic civilization," reads a wall text. The recent unveiling event opened with a panel talk, where Aleiby and Hammad's daughter, Lubna Hammad, discussed the displayed artworks. Aleiby noted some of the difficulties in taking on this open-call commission, including a lack of resources, literary and visual. 'Some of these women have only two or three lines written about their history and role,' she said. In her detailed piece, dotted with symbolic elements (such as the proud peacock and a library of books) and set against a serene landscape, Aleiby depicted notable women of medicine, astronomy, poetry, science, education and military leadership who lived between the 7th and 17th centuries in Africa, Andalusia, India, and the Arab world. One of these figures is Razia Sultana, who was born in the 13th century and went on to become the first and only female ruler of the Delhi Sultanate in India. From the 11th century, there is also a depiction of Safiyya bint Abdullah Al-Riyy, who was a skilled calligrapher and poet in Andalusia. Another Andalusian woman of poetry is the rebellious and liberal Wallada Al-Mustakfi, who formed a literary salon that was a meeting point for male and female voices.
Zawya
17-02-2025
- Business
- Zawya
Bank of Sharjah acts as mandated lead arranger, bookrunner in $155mln loan for ‘Daewoo Engineering'
SHARJAH: Bank of Sharjah announced that it has acted as Mandated Lead Arranger and Bookrunner for a US$155 million Club Loan Facility for Daewoo Engineering & Construction Co Ltd. The three-year facility, arranged in collaboration with other regional banks, will be used for general corporate purposes, supporting Daewoo's working capital requirements for ongoing projects globally. Mohamed Khadiri, CEO of Bank of Sharjah, commented, 'This achievement reflects Bank of Sharjah's strategic vision of supporting large international contractors by providing tailored financing solutions beyond their domestic borders.' Haisam Mustafa, Head of International & Financial Institutions, said, 'This transaction further strengthens our track record of providing financial and advisory services to major multinational corporates worldwide.'
