Bank of Sharjah P.J.S.C. (BOS:ADX) has set guidance for its US$ 500 million (AED 1.84b) 5-year senior unsecured bond. Guidance for the bond was confirmed by lead arrangers on Monday at 180 basis points (bps) over midswaps (a benchmark for calculating bids), plus or minus 5 bps. The bank ran an roadshow with lead arrangers from 21 to 25 May ...

Sharjah-based energy company Dana Gas PJSC (DANA:ADX) has completed an agreement with global oil and gas giant BP, whereby Dana Gas will drill the first exploration well in Egypt’s Al Matariya onshore concession area. Under the terms of the agreement, BP, as operator, will carry Dana Gas for its 50% share of the cost of the well, subject to an ...

Sharjah Investment and Development Authority (Shurooq) successfully organized the Sharjah – CEO Clubs Business roundtable, bringing together leaders in the business community to explore how the Emirate can continue to improve its standing as an international business destination. The purpose of the roundtable was to invite Sharjah’s business leaders to identify and discuss the steps that could be taken to ...