Recent Posts

S&P affirms Sharjah’s BBB+/A-2 sovereign rating

Global credit rating agency Standard & Poor’s has affirmed the Emirate of Sharjah’s BBB+/A-2 sovereign credit ratings long- and short-term, foreign and local currency, with a stable outlook. The agency also projected a gradual increase in economic growth from 2017 to 2020, supported by growth in the emirate’s construction, tourism and manufacturing sectors. S&P began assigning sovereign credit ratings for ...

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Shurooq ups investment in Al Badayer Oasis by AED 15 million

Residents and tourists in the UAE are set to enjoy the ultimate desert experience with an AED 15 million (US$ 4.1m) extension to the Al Badayer Oasis project. A premium leisure development form Sharjah Investment and development Authority (Shurooq), Al Badayer Oasis has announced an expansion to its under-construction facility, with the resort expected to pull in hordes of city-dwellers ...

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Gama Aviation signs agreements to build and operate a US$30 million business aviation terminal

Gama Support Services, a division of global business aviation services company Gama Aviation, has signed commercial agreements with Sharjah Airport Authority for the development and operation of a new private aviation terminal at Sharjah International Airport. Gama Support Services will build and operate a new AED 110 million (US$ 30m) purpose-built, integrated business aviation complex and provide ground handling services ...

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