Mubasher: Moody's Investors Service said non-oil activity slowed down in the Emirate of Sharjah, weighing the government's revenues and financial position during 2015.
However, it maintained the “A3” long-term credit rating with a stable outlook.
The Emirate's budget deficit reached AED3.6 billion ($975 million), or 4.3% of GDP, which is twofold higher than the expected figure in 2008.
