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...
Financial Services
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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...
Sharjah’s early efforts towards economic diversification have paid dividends, turning sectors such as heavy industries and transport and logistics into key enablers of economic growth. Meanwhile, the presence of several major universities in the emirate has helped grow its reputation as a major educational centre for the region.
Articles & Analysis | Petroleum from The Report: Cote d'Ivoire 2017
THE COMPANY: Vivo Energy CI is a joint venture between Vitol (40%), Helios Investment Partners (40%) and Shell (20%). The group obtained the licence to distribute and market Shell-branded fuels and lubricants in 16 African countries on December 1, 2011. In Côte d’Ivoire, Vivo Energy CI is the second...