Construction of Sharjah International Airport’s AED 500 million (USD 136 million) new airstrip is well underway and is work is expected to be completed over the summer months. The airport is one of the Middle East’s top airfreight logistics hubs and the home base of regional budget airline Air Arabia. Sharjah International Airport’s year-on-year growth is strong and it saw ...

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 ...