The Government of Sharjah has set its annual budget at AED 20.3 billion (US$ 5.5 billion) increasing government spending by 2 percent, according to an official announcement made this week. In common with 2015, 46 percent of the budget has been allocated to economic development to support the sustainable growth of Sharjah’s economy. Meanwhile, the government expects an 8 percent ...

Sharjah-based energy company Dana Gas PJSC (DANA:ADX) started production from Sharjah’s Zora gas field in January, according to an investor presentation from the company. The Zora gas field forms part of the Sharjah Western Offshore Concession and is located in waters off Sharjah and Ajman. The field, which was originally discovered in 1979, has an initial production capacity of about ...

Sharjah Commerce and Tourism Development Authority (SCTDA) has recently revealed plans to open five overseas offices to promote Sharjah as a tourism destination. The authority will open representative offices in China, India, Russia, Germany and Saudi Arabia during the first part of 2016. Meanwhile, the authority has forecast a modest 3-5 percent growth in tourist numbers for this year, after a ...