A number of remittance-focused financial technology (fintech) start-ups are gaining traction in emerging markets. In doing so, they are making inroads on market share that was formerly the preserve of established financial service providers.
UAE: Abu Dhabi Financial Services
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Economic update | Report: How can sustainable finance support the transformation of hydrocarbons-dependent economies?
19 Jan 2022
With the world economy heading into a complex post-pandemic recovery, GCC governments have outlined a wide-ranging set of environmental targets – and shone a stronger spotlight on sustainability.
Economic update | Will the “second wave” of mergers and acquisitions in GCC banking continue to gather pace?
7 Jul 2021
More than a year after the initial onset of the coronavirus pandemic, the Gulf banking sector is seeing an increase in mergers and acquisitions (M&A), as lenders continue to deal with the economic fallout.
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.
Economic update | Consolidation in financial services to increase Abu Dhabi’s global clout
16 May 2017
First announced in June 2016, a merger between National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) was finalised last month.