The Emirate of Sharjah registered a 7 percent increase in hotel revenues, reaching AED 378 million (USD 103m) during the first six months of 2016, according to the latest figures from Sharjah Commerce and Tourism Development Authority (SCTDA). The authority has been targeting markets identified in its strategic marketing plan and says that H1 2016 hotel statistics show a 19 ...

Standard & Poor’s has revised its credit ratings outlook from ‘stable’ to ‘negative’, whilst re-affirming the emirate’s A/A-1 sovereign credit ratings for long- and short-term, foreign and local currency. According to S&P, the negative outlook speaks to the potential risk that external demand and economic activity in Sharjah may weaken. However, the global credit rating agency noted that it expects ...

Sheraa (Sharjah Entrepreneurship Centre), launched under the patronage of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), Chairperson of Sheraa (Sharjah Entrepreneurship Center), has laid the foundations for a thriving community of young entrepreneurs who will contribute to the growth of the United Arab Emirates and the region. The centre, which commenced operations ...