S&P Global Ratings has affirmed its ‘BBB-/A-3’ long- and short-term foreign and local currency sovereign credit ratings on the Emirate of Sharjah, a member of the United Arab Emirates (UAE). The outlook is stable. The stable outlook reflects S&P’s view that Sharjah’s government will introduce sufficient measures to begin stabilizing its net general government debt as a percentage of GDP ...

Air Arabia today reported a strong first quarter 2024 financial and operational results, as the airline continued to expand its network and further strengthening its leadership position in the market. Air Arabia reported a net profit of AED266 million for the first three months ending March 31, 2024; 22 percent lower than the AED 342 million registered in the corresponding ...

In response to increasing demand from entrepreneurs and investors from the region and around the world, the Sharjah Publishing City Free Zone (SPC Free Zone) has announced expansion of operations to deliver round-the-clock support to its customers. The free zone also guarantees a 3 business days turnaround for clients seeking to open bank accounts in the UAE. The new initiative ...