The opening months of 2012 were characterised by renewed optimism throughout GCC debt markets, as a series of well-received bond issuances suggested that the period of quiescence that followed the global economic crisis had reached its end. Regional issuers moved to take advantage of favourable funding costs and increased liquidity in the market,...
THE COMPANY: Abu Dhabi Commercial Bank (ADCB) was formed in 1985 when Khalij Commercial Bank merged with Emirates Commercial Bank and Federal Commercial Bank, and changed its name. ADCB’s principal activities include: wholesale banking, consumer banking, treasury and investment-related services....
A number of significant changes to the regulatory framework governing Abu Dhabi’s banking sector took place throughout 2011, as the central bank addressed potential market vulnerabilities revealed by the global credit crisis. Each reform carries implications for the emirate’s banks, but none more so than the new regulations in retail lending...
While hydrocarbons continue to make up the lion’s share of the emirate’s GDP, oil revenues are supporting long-term efforts to diversify the economy. Oil and gas accounts for about 52% of real GDP, down on previous years, followed by construction, manufacturing and real estate. High-quality transport infrastructure, meanwhile, is boosting trade activity and free zones in Abu Dhabi.
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