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.
As with the rest of the banking sector across the GCC region, Abu Dhabi’s financial institutions are seeing liquidity conditions tighten as part of the fallout from weaker energy revenues.
A multi-pronged bid to bring a new wave of investors to the Abu Dhabi Securities Exchange (ADX) and increase liquidity is building momentum, led by plans to diversify the instruments on offer.
European quantitative easing (QE) could prove to be a catalyst for increased activity in Abu Dhabi’s bond market over the coming months, providing a welcome influx of funds.
The rise of sukuks (Islamic bonds) as an alternative to conventional bonds has been an interesting trend in the Islamic financial services (IFS) sector. Starting from its initial flourishing in Malaysia and the GCC, the sharia-compliant instrument is gaining popularity in its traditional markets, and is being viewed with increased interest in...
To what extent has the development of comprehensive Islamic product offerings achieved parity with conventional offerings?
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