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Sharjah airport traffic surges
13.37% in Jan

Passenger traffic at Sharjah International Airport jumped to 13.37 per cent with 707,085 passengers in January compared to 623,696 passengers in January 2012, which is for the first time in its history in any single month it exceeds this figure , according to the traffic report issued by Sharjah Airport Authority.

Sharjah International Airport recorded a total of 5,708 aircraft movements in January 2013, up three per cent compared to 5,537 in January 2012. It handled in January 2013 around 24,335 tonnes of cargo. The Sea-Air Cargo throughput registered 2,927 tonnes.

Taqa invites bids for waste-to-energy plant

Taqa, the global energy company based in Abu Dhabi, has invited companies to submit qualifications ahead of tendering the engineering, procurement and construction (EPC) contract for the UAE’s first waste-to-energy plant.

The waste-to-energy power plant will receive approximately 1,000,000 tonnes of municipal solid waste a year and convert it into 100 megawatts of alternative power, enough energy to power more than 20,000 households in Abu Dhabi.

The plant is expected to begin operations in 2016/17. Waste-to-energy is one of the cleanest sources of energy and one of the most efficient ways to treat municipal solid waste.

UAB AGM approves 25% cash dividend

United Arab Bank, or (UAB), successfully held its 39^th Annual General Meeting (AGM) on Wednesday in Sharjah and was chaired by Shaikh Faisal bin Sultan bin Salem Al Qassimi, Chairman of the Board of Directors. The AGM adopted the consolidated financial statements for the year ended December 31, 2012.

The AGM further resolved on the distribution of a cash dividend of Dh249.1 million at the rate of 25 per cent of the share capital out of the record annual net profit of Dh410 million which is 24 per cent up over 2011 net profit of Dh330 million.

Mashreq shopping fest offer extended

Mashreq has extended the promotion of the Shopping Festival across all its credit and debit cards. Customers can look forward to a wide range of offerings until March 31 through the ‘Mashreq Shopping Festival’. Mashreq has partnered with over 30 brands covering over 230 outlets across shopping categories to offer up to 35 per cent discount on apparel and accessories, up to 25 per cent discount on home furnishing, up to 60per cent discount on jewelllery and up to 10per cent discount on electronics and watches across the UAE.

Compiled from agency and staff reports