Thanks to business-friendly government policies implemented over the past 10 years Abu Dhabi is now home to a rapidly diversifying economy that is among the largest in the region, with GDP reaching a total of Dh952.68bn ($259.32bn) at current prices in 2014.
Despite falling energy prices, 2015 proved to be another year of healthy economic growth in Abu Dhabi, with both the non-oil and energy sectors targeted for further investment.
Recent regulatory reforms to Abu Dhabi’s insurance industry have demonstrated the Insurance Authority’s (IA) intent to encourage market consolidation, setting strict standards for new entrants and high paid-up share capital requirements for existing players, as well as financial reporting stipulations aimed at improving brokerage transparency and sustainability. Although...
As the first emirate in the UAE to issue mandatory health insurance legislation, Abu Dhabi has grown into the nation’s most mature and robust insurance market. While the industry remains in its nascent stages, with overall penetration still low relative to more developed markets, an uptick in the life and medical segments offers significant opportunities for future...
What is being done to attract international financial institutions in the areas of private banking, wealth management and asset management?
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