Improving oil prices, narrowing deficits and continued public spending are expected to support economic growth averaging 2.5 percent across the GCC next year, according to Moody’s Investors Services, while the credit agency predicts 2.7 percent real GDP growth for Sharjah in 2018. In Sharjah’s case, a wide range of achievements have helped it maintain stability in the face of regional ...

Global credit rating agency Moody’s Investors Service has affirmed the long-term issuer rating for the Government of Sharjah at A3 and maintained the outlook at stable. Moody’s has affirmed the same high rating with a stable outlook for the emirate since its first rating report in 2014. Moody’s also affirmed its A3 ratings on Sharjah’s two senior unsecured sovereign Islamic ...

Seventy-five percent of Sharjah’s Emirates Industrial City (EIC) has now been leased, according to a a report in the UAE’s Khaleej Times newspaper, and an additional AED 200 million (US$ 55m) of plots are expected to be sold by the first quarter of 2019. Launched in 2005 by the investment consortium Emirates Company for Industrial Cities, the massive multi-use development ...

Sharjah Investment and Development Authority (Shurooq), one of the most ambitious environmental tourism developers in the Middle East, will be announcing exclusive updates regarding its business management and project expansion during World Travel Market London 2017 being held from 6-8 November at ExCeL London. Shurooq will be exhibiting in the Sharjah tourism pavilion (stand ME400). Shurooq, which has helped to ...

In another ambitious move to increase Sharjah’s depth and reach of foreign investment, some of the emirate’s most influential economic drivers met with trade delegates, officials and businesspeople from Hong Kong recently, to present the unique opportunities and incentives which make Sharjah one of the most attractive investment destinations in the region. Sharjah’s FDI Office ‘Invest in Sharjah’, the investment ...

Sharjah’s dynamic role as an economic visionary over the past decades has elevated its status to an international investment destination to rival many others across the region. The emirate has embraced an integrated diversification strategy, highlighting both its sophistication as an economy and its ambition as a market leader. In keeping with achieving those goals, Sharjah Investment and Development Authority ...

Sharjah FDI Forum 2017, the annual foreign direct investment (FDI) event held under the patronage of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council Ruler of Sharjah, will host a series of panel discussions conducted by regional and international investment experts. Taking place on September 19th -20th , the third Sharjah FDI Forum will ...

Sharjah Chamber of Commerce and Industry (SCCI) has recorded an overall 4.8 percent growth in its memberships, totalling 67,796 members at the end of June 2017. According to the Chamber, the total number of company membership registrations reached 33,215 during the first half of 2017, an increase of 1 percent on the first six months of 2016. Of those, 3,108 ...

Global credit rating agency Standard & Poor’s has affirmed the Emirate of Sharjah’s BBB+/A-2 sovereign credit ratings long- and short-term, foreign and local currency, with a stable outlook. The agency also projected a gradual increase in economic growth from 2017 to 2020, supported by growth in the emirate’s construction, tourism and manufacturing sectors. S&P began assigning sovereign credit ratings for ...

Sharjah Economic Development Department (SEDD) has issued 33,149 business licenses during the first half of 2017, consistent with the number of licenses issued during the equivalent periods over the past three years. The department issued 33,192 licenses in H1 2015 and 31,889 licenses during the same period of 2014*. The SEDD statistics exclude those business licenses issued by the emirate’s ...