Sharjah Investment and Development Authority (Shurooq) has been named the Top Investment Promotion Agency in Middle East in the 2015 Best to Invest Awards by Site Selection magazine, in recognition of its outstanding efforts in attracting foreign direct investment and driving Sharjah’s growth. The Top Agency Awards recognise excellence at national and regional economic development offices globally in areas such as ...

Bank of Sharjah P.J.S.C. (BOS:ADX) has set guidance for its US$ 500 million (AED 1.84b) 5-year senior unsecured bond. Guidance for the bond was confirmed by lead arrangers on Monday at 180 basis points (bps) over midswaps (a benchmark for calculating bids), plus or minus 5 bps. The bank ran an roadshow with lead arrangers from 21 to 25 May ...

Sharjah-based energy company Dana Gas PJSC (DANA:ADX) has completed an agreement with global oil and gas giant BP, whereby Dana Gas will drill the first exploration well in Egypt’s Al Matariya onshore concession area. Under the terms of the agreement, BP, as operator, will carry Dana Gas for its 50% share of the cost of the well, subject to an ...