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S&P Global Ratings affirmed its “BBB+/A-2” long- and short-term foreign and local currency sovereign credit ratings on the Emirate of Sharjah on Friday. The outlook is stable.
S&P said the stable outlook reflects its expectation that Sharjah’s economy will grow steadily, at about 2 per cent over 2018-2021, and that the government will continue reducing its fiscal deficits.
S&P said the ratings are supported by Sharjah’s relatively strong fiscal position, despite a low revenue base, and the advantages that Sharjah derives from its membership in the UAE, including low external risks. According to S&P, the country’s economy is highly diverse compared with those of other sovereigns in the region.
The Arab Strategy Forum (ASF), taking place under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday announced the deta
Retail sales across four Gulf countries are projected to increase by more than US$24 billion over the next five years, with Oman’s retail industry expected to rise 9.3 per cent during that period, ac
Times of Oman
The Central Bank of Oman (CBO) has confirmed that it has become a full member of the Islamic Financial Services Board (IFSB), an international organisation that promotes sound Islamic banking and set
Times of Oman
In line with the national logistics strategy to position the Sultanate as a leading trade and logistics hub, Oman Post is organising the first edition of the Oman Post Forum 2018 at the Sultan Qaboos
Oman Daily Observer
Saudi Arabia is reviewing its policy of imposing fees on expatriate workers after rising costs inflicted economic pain and contributed to an exodus of foreigners, according to four people familiar wi