As Abu Dhabi looks to fulfil economic diversification targets as part of both its medium- and long-term development strategies, its already strong industrial base continues to develop as a key facilitator of this goal.
UAE: Abu Dhabi
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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.
The prolonged dip in oil prices and associated government spending cutbacks have continued to weigh on real estate markets, though Abu Dhabi has remained resilient entering 2017.
The top economic and business highlights from Abu Dhabi in the third and fourth quarters of 2016.
The state-owned Abu Dhabi National Oil Company (ADNOC) announced plans in November to more than double petrochemical production over the next decade as part of its 2030 strategy.
Facing an economic slowdown and a fragmented operating environment, Abu Dhabi insurers will continue to implement new industry regulations in 2017.