The Sharjah Investment and Development Authority (Shurooq) is promoting Sharjah’s investment proposition to Iraqi Kurdistan and Russia this month. The Russian Federation is a major trading partner of the United Arab Emirates with bilateral trade in excess of US$1.5 billion (AED 5.5 billion), while non-oil trade between the UAE and Iraq reached a total of US$8 billion (Dh29.42 billion) in ...

Moody’s Investors Services has published its first report on Sharjah, awarding the emirate with a A3 stable rating. The rating, which reflects the emirate’s credit strength, is primarily supported by its very strong fiscal and government debt position, noting that government debt is at low levels. A few months ago, global credit rating agency S&P announced its first ever sovereign ...

The Sharjah Investment and Development Authority (Shurooq) took its investment promotion roadshow to the Kingdom of Saudi Arabia and Kuwait this month, in line with it’s goal to strengthen economic relations between Sharjah and neighbouring GCC countries. “We seek, through our roadshow, to highlight the investment potential in Sharjah and to familiarise business groups and economic authorities with the available investment ...