Global credit rating agency Standard & Poor’s has affirmed the Emirate of Sharjah’s A/A-1 sovereign credit ratings long- and short-term, foreign and local currency, on the basis of Sharjah’s strong nominal GDP (gross domestic product) growth. The agency expects that Sharjah’s nominal GDP growth will remain strong, against the government’s relatively high interest burden. S&P also stated that Sharjah had ...

UK-based Bash-P International, the flagship lifting equipment manufacturing company of the Safety & Services Group, has opened a US$20 million (AED 73m) nylon ‘lifting webbing’ manufacturing unit in Sharjah Airport International Free Zone (SAIF Zone). The unit is the first dedicated lifting webbing factory in the Middle East and North Africa. The new factory will produce nylon/polyester webbing material ranging ...

Ajman Tourism Development Department (ATDD) and Sharjah Investment and Development Authority (Shurooq) signed a cooperation agreement at Arabian Travel Market 2015 in Dubai, to promote all tourism and cultural landmarks and historic sites in Ajman and Sharjah. Present at the signing ceremony were H.E. Faisal bin Ahmed Al Nuaimi, Director General of Ajman Tourism Development Department and H.E. Marwan bin ...