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The Editor

SICC 2014 opens with Clusters of Light

This year’s celebrations to mark the Sharjah Islamic Culture Capital 2014 were officially inaugurated yesterday by Dr Sheikh Sultan bin Mohammed Al Qasimi, the Ruler of Sharjah at a musical production about the life and teachings of the Prophet Muhammad. The Clusters of Light operetta was staged by Sharjah in an effort to encourage awareness and understanding about Islam. Clusters ...

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Sharjah expects to receive two million tourists in 2014

Sharjah’s tourism industry is now reaping the rewards of years of development, with two million tourists expected to visit the Emirate by the end of 2014. According to recent comments by Khalid Al Midfa, Director General of the Sharjah Commerce and Tourism Development Authority (SCTDA), hotel revenues are expected to increase 10% during 2014, in line with the expected 10 ...

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Fitch upgrades Sharjah Islamic Bank rating

Global credit rating agency Fitch has upgraded Sharjah Islamic Bank’s (SIB) Viability Rating. The new rating was announced as part of the first Fitch Ratings peer review of the UAE banking sector. The report affirmed the Long-term and Short-term Issuer Default Ratings (IDR) of nine UAE banks, plus the Viability Ratings (VR) of eight other banks. Sharjah Islamic Bank’s VR ...

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Sharjah Islamic Culture Capital projects total AED1.5 billion

Sharjah has invested nearly AED1.5 billion (USD 408 million) on 21 projects started in celebration of the Emirate’s selection as the Islamic Culture Capital for 2014. The projects fall under a wide variety of Sharjah institutions and city landmarks including new universities, monuments, Islamic parks, traditional markets, museums and libraries. Sheikh Sultan bin Ahmed Al Qassimi, Chairman of the Executive ...

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UAE economy registers strong growth

The UAE’s Gross Domestic Product (GDP) grew by four percent during 2013, according to recent statements by the UAE Minister of Economy His Excellency Sultan Bin Saeed Al Mansouri , whilst growth across the nation’s non-oil sector remains strong. The GDP calculated by the International Monetary Fund (IMF), is one of many statistics released during the past year highlighting positive ...

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