Despite the adverse effects of a low oil price environment over recent years, Abu Dhabi’s banking sector has remained well capitalised with a high degree of liquidity. Meanwhile, its financial performance has been characterised by rising net profits and lower cost-toincome ratios. A recent phase of consolidation has significantly altered the...
What more can be done to minimise local banks’ exposure to potential risks from financial instabilities?
As one of the UAE’s two major financial centres, Abu Dhabi has played a prominent role in the development of the nation’s Islamic...
Abu Dhabi’s capital markets started 2020 on a positive note, bolstered by solid gains on the exchange’s main index in 2019. Similarly,...
Despite the adverse effects of a low oil price environment over recent years, Abu Dhabi’s banking sector has remained well capitalised...
Abu Dhabi is home to the world’s sixth-largest proven oil reserves and is working to achieve self-sufficiency in natural gas. It has been successfully pursuing diversification, particularly in terms of manufacturing, banking and ICT. While the global Covid-19 pandemic and decline in international oil prices poses challenges for the emirate, the fundamentals underpinning its economy remain strong.
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