Sharjah’s tourism industry is now reaping the rewards of years of development, with two million tourists expected to visit the Emirate by the end of 2014. According to recent comments by Khalid Al Midfa, Director General of the Sharjah Commerce and Tourism Development Authority (SCTDA), hotel revenues are expected to increase 10% during 2014, in line with the expected 10 ...

Global credit rating agency Fitch has upgraded Sharjah Islamic Bank’s (SIB) Viability Rating. The new rating was announced as part of the first Fitch Ratings peer review of the UAE banking sector. The report affirmed the Long-term and Short-term Issuer Default Ratings (IDR) of nine UAE banks, plus the Viability Ratings (VR) of eight other banks. Sharjah Islamic Bank’s VR ...

Sharjah has invested nearly AED1.5 billion (USD 408 million) on 21 projects started in celebration of the Emirate’s selection as the Islamic Culture Capital for 2014. The projects fall under a wide variety of Sharjah institutions and city landmarks including new universities, monuments, Islamic parks, traditional markets, museums and libraries. Sheikh Sultan bin Ahmed Al Qassimi, Chairman of the Executive ...