Why do you believe Abu Dhabi’s banking sector was so resilient during the financial crisis, and how have lenders adjusted their activities since then?
Why do you believe Abu Dhabi’s banking sector was so resilient during the financial crisis, and how have lenders adjusted their activities since then?
While it has been another challenging year for Abu Dhabi’s capital market, some developments in the fixed-income segment, new equities listings and a raft of regulations that promise to add more depth to the market have ensured that it was also an interesting one. Indeed, at just 12 years of age, the Abu Dhabi Securities Exchange (ADX) has travelled...
A measure of the success of Abu Dhabi’s Islamic banks is that both of them have managed to position themselves within the top three UAE sharia-compliant lenders in terms of assets: Abu Dhabi Islamic Bank (ADIB) saw its total assets increase by some 45% between 2008 and 2011, to reach Dh74.3bn ($20.22bn); meanwhile, the market’s newcomer Al Hilal...
THE COMPANY: Aldar Properties is a real estate development, management and investment company with headquarters in Abu Dhabi, UAE. The establishment of Aldar Properties was approved in October 2004 by the Abu Dhabi Department of Planning and Economy, and the company’s incorporation was declared in...
To what do you attribute the relative resilience seen in the Islamic financial services sector in the wake of the global economic slowdown?
Operating within the largest banking sector in the GCC, Abu Dhabi’s banks have thrived, and today the UAE capital is home to some of the most successful lenders in the country. In 2011 they demonstrated continued profitability despite the challenges presented by regional unrest and global economic turbulence. The possibility of exogenous shocks...
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