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Economy

Sharjah’s strong fiscal policy eases economic pressures

The latest annual credit analysis from Moody’s Investors Service, which rates Sharjah’s government at an A3 long-term credit rating with a stable outlook, reports that the emirate’s debt burden and debt affordability remain low and compare well with its peers, despite the economic pressures on fiscal metrics. Moody’s also expects the emirate’s nominal GDP growth to remain firmly in positive ...

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Why invest in Sharjah?

By H.E.  Sheikha Bodour Bint Sultan Al Qasimi As part of Shurooq’s ongoing efforts, I undertake many overseas travels to present the emirate of Sharjah as a lucrative investment and business destination. As I network with commercial leaders and global investors from around the world, I often see myself pausing to put myself in their position, asking myself the most important ...

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Sharjah: gateway for international expansion

Sharjah’s unique position as a gateway for international business expansion was the topic under discussion at a key panel event held in the presence of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, which took place at the opening of the Sharjah Foreign Direct Investment Forum (Sharjah FDI Forum 2016), ...

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Global FDI experts to converge on Sharjah

Global investors, FDI experts, multinational corporations and government officials will gather in Sharjah next week to discuss foreign direct investment, the global economy and investment opportunities in the UAE. Sharjah’s second global FDI conference, which takes place from 28 – 29 September at Al Jawaher Convention Centre, boasts an ambitious agenda addressing global, regional and local investment issues. After a ...

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FDI Forum to zoom in on SMEs

September’s Sharjah FDI Forum will zoom in on the importance of global trade and connectedness for small and medium-sized enterprises (SMEs). With one of the most diversified economies in the region, Sharjah is home to more than 45,000 SMEs and the government has identified SMEs are a key pillar for the emirate’s economic growth. SMEs have been recognised as critical ...

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Sharjah economy to take center stage at FDI Forum

Sharjah’s economy and the success of its economic development strategies are expected to take centre stage at Sharjah FDI Forum, which takes place 28-29 September 2016 under the patronage of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. This is the second time in three years that Sharjah has hosted a global ...

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S&P revises Sharjah’s ratings outlook, affirms A/A-1 credit rating

Standard & Poor’s has revised its credit ratings outlook from ‘stable’ to ‘negative’, whilst re-affirming the emirate’s A/A-1 sovereign credit ratings for long- and short-term, foreign and local currency. According to S&P, the negative outlook speaks to the potential risk that external demand and economic activity in Sharjah may weaken. However, the global credit rating agency noted that it expects ...

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S&P affirms Sharjah’s A/A-1 sovereign rating

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 ...

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UAE biggest OIC trade partner

The United Arab Emirates is the largest trade partner in the Organisation of Islamic Cooperation (OIC), with a 2014 trade volume of US$121.7 billion (AED 444b) accounting for 15.2 percent of total intra-OIC trade, according to Secretary-General of the Federation of UAE Chamber of Commerce and Industry, Humaid bin Salim. Turkey had the next highest level of trade with US$77.8 ...

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Sharjah to create new R&D park

AUS Enterprises, a new holding company established by Amiri decree in 2015 to develop projects for the American University of Sharjah (AUS), is to establish an economic free zone dedicated to research and development. According to UAE newspaper The National, the first phase of the AUS Research, Technology and Innovation (RTI) Park* is expected to be completed in 2018 and ...

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