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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.
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Rating agency S&P has reaffirmed the A- Stable rating for Oman Insurance Company (OIC), an important insurance player in the Gulf Cooperation Council (GCC).
It is one of the UAE’s leading
Times of Oman
The Special Economic Zone Authority of Duqm (Sezad) highlighted the investment opportunities available in Duqm to the business community in Washington through several meetings with American companies
Times of Oman