The Sharjah Investment and Development Authority (Shurooq), in collaboration with the Japan Business Council (JBC) and the Japan External Trade Organization (JETRO), hosted a Sharjah-Japan Business Roundtable in Sharjah this week. Japan is a key trading partner of the United Arab Emirates accounting for US$25.92 billion (AED 95b) in bilateral trade during the first half of 2014. Source: Shurooq

Air Arabia (AIRARABI:DFM), the largest low-cost carrier operator in the Middle East and North Africa, has announced a record net profit of AED 498 million (US$ 136m) for the first nine months of 2014, increasing 46 percent compared with the same period last year. The company attributes this year’s success to the effectiveness of its business model and its hub ...

Global credit rating agency Standard & Poor’s has affirmed the Emirate of Sharjah’s A/A-1 sovereign credit ratings long- and short-term, foreign and local currency, on the basis of Sharjah’s strong economic growth and the government’s solid fiscal management. The rating agency also confirmed that it expected Sharjah’s economic growth to continue. S&P gave its first ever sovereign credit rating for ...