How has the government’s investment strategy, post-economic crisis, impacted the demand for sharia-compliant financial services?
How has the government’s investment strategy, post-economic crisis, impacted the demand for sharia-compliant financial services?
With new leadership and a slate of reforms under discussion, the insurance regulator is ramping up efforts to manage and support the insurance sector. Since 2007, when the UAE’s Insurance Authority (IA) was established, the local industry has expanded at a steady clip. Gross written premiums (GWPs) for general insurance grew 37.9% in 2007, 30.7...
FIRST GULF BANK (FGB): With assets of Dh182.9bn ($49.7bn) at the close of the first half of 2013, FGB is the third-largest bank in Abu Dhabi and the largest privately owned lender. Established in 1978, the historically retail-focused lender had developed a universal set of services,...
How is continued deleveraging and financial uncertainty in the eurozone impacting the sector?
With a sustained return to positive territory for its main index, a crucial upgrade to “emerging market” status by Morgan Stanley Capital International (MSCI) and a 282% rise in share exchange value in 2013 over 2012, Abu Dhabi’s exchange has had a good year. The developments have generated new optimism regarding the exchange’s ability to...
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