Banks in Abu Dhabi are well funded and have demonstrated resilience. They also exist in a competitive environment that is widely seen as overbanked. After a major merger created the region’s second-largest lender in 2017, further moves towards consolidation are expected. For now, the banking system has ample liquidity and would benefit from more opportunities to deploy it. The government has...
UAE: Abu Dhabi Financial Services
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Abu Dhabi is the largest of the seven emirates that comprise the UAE, in terms of both its land mass and economy, and home to the majority of the country’s energy production and reserves. While the emirate is home to the world’s sixth-largest proven oil reserves, financial buffers have helped it diversify and yield steady non-oil revenues.
Planned mergers are set to create a more consolidated and robust banking sector in Abu Dhabi, strengthening its position as a leader in the regional financial market.
Abu Dhabi’s plans to unlock the share value of some of its key economic assets are gathering steam, with initial public offerings (IPOs) of a number of public enterprises expected in 2018, in moves that could encourage private sector companies to follow suit.
Interviews & Viewpoints | Mohamed Thani Murshed Al Rumaithi, Chairman, Abu Dhabi Chamber of Commerce and Industry (ADCCI): Interview from The Report: Abu Dhabi 2017
Articles & Analysis | Abu Dhabi Investment Authority reaches 40th anniversary from The Report: Abu Dhabi 2017
The Abu Dhabi Investment Authority (ADIA), the emirate’s sovereign wealth fund (SWF) and one of the principal pillars of Abu Dhabi’s economic stability, has come a long way since its foundation in 1976.