With the founding of the University of Sharjah (UoS) and the American University of Sharjah (AUS) in 1997, the emirate took an important step towards the development of its higher education segment. Sharjah is now widely considered to have some of the top universities in the region, enabling the emirate to provide quality education to students...
Against a backdrop of lower global oil prices, Sharjah has recently been taking steps to bolster foreign investment in order to further promote economic diversification. The emirate already benefits from an attractive investment environment, and a range of legislative changes to bolster its appeal have recently been passed or are in the...
Among the most diversified economies within both the UAE and the wider GCC region, Sharjah has developed strong manufacturing, tourism and logistics industries, among other non-oil sectors. Against a backdrop of reduced oil prices and lower economic growth, the local and federal authorities are working to further develop the economy through a...
Accounting for just over 3% of the territory of the UAE, Sharjah is one of the federation’s smaller emirates, and yet it has long played an important cultural and economic role in the region. Home to three free zones, 16 museums and a number of annual festivals that attract visitors from around the world, the emirate continues to punch above...
The past decade has seen substantial changes in the global economy and geopolitics, with the rise of China and Russia’s re-emergence on the global stage being two particularly important trends. These developments are creating new opportunities for GCC member states as they look to diversify their economies and trade, seek investment...
The financial services sector accounted for 10.3% of Sharjah’s GDP in 2015, according to Moody’s credit rating agency, in line with the figure for the UAE as a whole. The sector has been growing rapidly in recent times, at an average rate of 12.7% over the previous five years. It primarily consists of four locally headquartered banks and two locally...
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