Global credit rating agency Standard & Poor’s has lowered its long- and short-term foreign and local currency sovereign credit ratings on the Emirate of Sharjah from ‘A/A-1’ to ‘BBB+/A-2’ with a stable outlook. The agency attributed the change largely to an increase in government debt and slower than expected fiscal consolidation. S&P also forecasts faster economic growth in 2017, increasing ...

Masdar, Abu Dhabi’s renewable energy company, is to build a new 300,000 tonne waste-to-energy plant in partnership with Bee’ah, Sharjah’s integrated environmental and waste management company. The news follows the signing of a Memorandum of Understanding (MoU) between Masdar and Bee’ah in 2016 to collaborate in the development of new energy projects. Owned by the government of Abu Dhabi, Masdar ...

The results of Sharjah Census 2015 have been published by the Department of Statistics and Community Development in Sharjah (DSCD), revealing that more than 1.4 million people now live in the emirate of Sharjah. According to the census data, 88 percent of residents are foreign expatriates, 79 percent of residents under the age of 30, while 91 percent of the ...