Now entering its 10th year of mandatory health insurance legislation, Abu Dhabi’s insurance sector is at something of a crossroads. Although penetration is rising and the industry’s gross written premiums (GWPs) have recorded double-digit growth in recent years, loss ratios have deteriorated over the same period, the industry recorded some of...
The acquisition of Barclays UAE retail business in 2014 by Abu Dhabi Islamic Bank (ADIB) represented the most significant expansion in the domestic Islamic banking market of recent years. However, while the headline-generating event was a very visible demonstration of the growth of sharia-compliant financing in the UAE, the expansion of Abu...
The UAE is one of the world’s core markets for Islamic financial services (IFS), and in recent years has made significant contributions to both global industry asset growth and innovation. Within the wider federation, the IFS institutions which have made Abu Dhabi their home have played an important role in the nation’s emergence as a centre...
Declining oil prices and regional unrest made 2015 a challenging one for capital markets across the region, and Abu Dhabi equity and debt arenas were no exception. Yet the development of new regulations, processes and products on the emirate’s exchange, and the opening of a new financial free zone on the capital’s Al Maryah Island, mean that...
The earliest listings in any new market are important for exchange authorities that want to attract more companies to the board. In the case of the Abu Dhabi Securities Exchange (ADX), the private joint-stock companies (PJSC) platform has two strong institutions to build from. Manazel Real Estate and The National Investor (TNI) were listed on...
Showing their strength in 2015, Abu Dhabi’s banks maintained both asset growth and profitability in the face of lower oil prices and regional unrest. External factors are expected to result in challenging market conditions in 2016, however, ample capital buffers and one of the most respected regulatory structures in the region mean that the...
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