Standard & Poor’s has affirmed the Emirate of Sharjah’s A/A-1 sovereign credit ratings long- and short-term, foreign and local currency, with a stable outlook according to the global rating agency’s mid-year MENA sovereign rating trends report. The report also forecasts the rate of Sharjah’s economic growth to continue to increase through to 2019. S&P began assigning sovereign credit ratings for ...

Under the directives of H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, Sharjah Investment and Development Authority (Shurooq) has embarked on a major project to develop Heart of Sharjah as part of its efforts to protect the emirate’s valuable cultural heritage. Scheduled for completion in 2025, the 15-year restoration project is the first ...

Sharjah-headquartered Air Arabia PJSC (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has added five new international routes since the beginning of 2016. The airline now operates flights to over 120 destinations in 33 countries across the Middle East, Asia, Africa, Asia, and Europe from its five international hubs. This month, Air Arabia began operating ...