Local insurers have weathered a turbulent two years, during which they have been compelled to make the transition from an era of rapid economic expansion to one of more muted growth. Their performance over 2011 suggests that their efforts to date have been successful: bottom-line expansion has been achieved with modest top-line gains, and the sector...
THE COMPANY: Established in 1982, Union National Bank (UNB) has become a leading commercial bank in the country. To date, UNB has 55 branches across the UAE providing basic services, such as deposits, loans and credit cards, as well as more complicated ones including wealth management and investment...
Formulating market regulation in the UAE is a symbiotic process, in which the Securities and Commodities Authority (SCA) works closely with the Abu Dhabi Securities Exchange (ADX) and its counterpart in Dubai. A long history of cooperation has enabled the regulatory framework to keep pace with the demands of the nation’s evolving capital markets – a...
THE COMPANY: Headquartered in Abu Dhabi, Sorouh Real Estate (Sorouh) is one of the largest real estate developers in the UAE. Formed in July 2003 and formally incorporated as a public joint stock company on July 26, 2005 with capital of Dh2.5bn ($680.46m), Sorouh is now one of the largest real estate...
According to the most recent ADX data, during the period between the inception of the exchange and the end of 2011, a total of 904,940 National Investor Numbers (NINs) were issued. NINs are necessary to interact with the exchange. Some 344,367 were granted to foreign investors, the majority of which (272,455) came from GCC nations, followed by...
What effect has the slowdown of Western economies had on institutional investors’ appetite towards the Middle East and Africa (MEA)?
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