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Sharjah Airport Sees First Delegation Of Pilgrims Travelling To Holy Land (13 August 2018)
The Authority allocated smart gates to the pilgrims to expedite their travel process. The average transaction processing time via smart gates is approximately 20 seconds only. SAA allocated lounges to the pilgrims, facilitated their transactions and made them as comfortable as possible.

Gulftainer Invests AED11 Million In Crucial Road Extension To Fuel Sharjah’s Economy (13 August 2018)
Gulftainer, the world’s largest privately owned independent port operator based in the UAE, will host a ceremony to commence the construction of the Saja’a Permanent Access Road.

FOCP And Mum Mum Pledge To Promote Healthy Lifestyles For Children (12 August 2018)
To this effect, they have recently entered an agreement under which Mum Mum will be dedicating a percentage of their monthly revenue to FOCP’s ’Ana’ childhood cancer initiative for a year; from September 1, 2018 to August 31, 2019.

First In The UAE - Laparoscopic Surgery Performed By UHS Doctor To Correct Vesicouterine Fistula (11 August 2018)
Professor Mohamed Zayed, Consultant Obstetrician and Gynaecologist of University Hospital Sharjah (UHS) recently conducted a laparoscopic surgery on a 30-year- old woman who developed Vesicouterine Fistula (VUF) after delivering her fourth child.

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RECENT FEATURES
Air Arabia reports net profit of AED 230 million in first half of 2018

Air Arabia (PJSC) announced strong financial results for the first half ending June 30, 2018 as the Middle East and North Africa’s first and largest low-cost carrier continued to deliver solid and sustained financial performance. Air Arabia reported a net profit of AED 230 million for the first half ending June 30, 2018; a 12 per cent less than the AED 261 million reported for the same period last year. The company’s turnover for the first six months of 2018 reached AED 1.816 billion, an increase of 6 per cent compared to AED 1.716 billion in the corresponding period last year. Air Arabia’s strong profits are registered despite the economic pressure that airlines have witnessed in the second quarter of this year, which was driven by lower yield margins, higher fuel prices and seasonality shift in traffic that the market has experienced.

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S&P reaffirms positive rating, outlook for Sharjah

Standard & Poor’s has recently reaffirmed Sharjah’s positive BBB + / A-2 sovereign credit ratings over the long and short terms, according to Sharjah Government Media Bureau. The Emirate's positive ratings are driven by its strong financial position and low-risk exposure, the agency said. In a statement, S&P said that it expected the Emirate's economy to grow 2 percent between 2018 and 2021, and expected GDP growth to accelerate in 2018 based on the growth of business in the real estate and construction sectors.

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Retail bank accounts Main Features

The types of bank accounts are, in essence, an accounting record opened by the client with a certain banking institution. This process is arranged through a contract between the parties to preserve their respective rights and obligations according to applicable rules, customs and procedures.

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