Sharjah Commerce and Tourism Development Authority (SCTDA) is leading a tourism promotion roadshow across India this week visiting the five cities of Mumbai, New Delhi, Hyderabad, Chennai and Bengaluru (Bangalore). Sharjah received more than 123,000 visitors from India last year, registering 41 per cent growth in visitors over the previous year. India has been identified as a priority market for ...

The launch of the Government of Sharjah’s debut sovereign Islamic bond issue or sukuk has been met by massive demand from investors. The 10-year US dollar sukuk was launched at a size of US$750 million (AED 275b) on Wednesday, securing orders worth about US$7.85 billion (AED 29b). Sharjah has secured global investor attention this year, after receiving its first sovereign ...

Sharjah-based energy company Dana Gas PJSC (DANA:ADX)  has secured US$100 million (AED 367m) financing for the Zora gas field development project, via its wholly-owned Dana Gas Explorations FZE. The Zora gas field is expected to come on stream during the first half of 2015 with a production capacity of 40 million standard cubic feet per day (mmscfd). The Dana Gas Group is ...