Sharjah’s financial services sector has grown at an average rate of 12.7% per year over the past half decade to reach 10.3% of GDP in 2015, in line with the figure for the UAE as a whole. It primarily consists of four locally headquartered banks and two locally based insurance companies, though institutions based in other emirates are also active in the local market. Assets of locally...
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Chapter | Financial Services from The Report: Sharjah 2017
Articles & Analysis | Money makers: Credit and credibility: an active emirate sector since the 1970s from The Report: Sharjah 2017
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...
Interviews & Viewpoints | Making an impact: Ahmed Saad, Deputy CEO, Sharjah Islamic Bank, on potential growth strategies and the impact of new regulations from The Report: Sharjah 2017
How would you assess the potential for growth in corporate and Islamic banking in the UAE and the greater MENA region?
Articles & Analysis | Lending a hand: Struggling small businesses benefit from reforms from The Report: Sharjah 2017
Small and medium-sized enterprises (SMEs) are a key contributor to the economies of both Sharjah and the UAE as a whole. Approximately 54,000 of the UAE’s 350,000 smaller businesses are based in the emirate, accounting for 86% of the private sector workforce. According to the Ministry of Economy, the segment further accounts for around 60% of...
Chapter | Table of Contents from The Report: Sharjah 2017
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The guide contains listings of some of the leading local hotels and resorts and contacts for important government offices and services. It also contains useful tips and information for business and leisure visitors, first-time or regulars.