With new leadership and a slate of reforms under discussion, the insurance regulator is ramping up efforts to manage and support the insurance sector. Since 2007, when the UAE’s Insurance Authority (IA) was established, the local industry has expanded at a steady clip. Gross written premiums (GWPs) for general insurance grew 37.9% in 2007, 30.7...
UAE: Abu Dhabi
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Articles & Analysis | Back to basics: The industry is moving towards implementing improved risk assessment and regulation from The Report: Abu Dhabi 2014
Interviews & Viewpoints | OBG talks to Mohamed Thani Murshed Al Rumaithi, Chairman, Abu Dhabi Chamber of Commerce and Industry (ADCCI) from The Report: Abu Dhabi 2014
How will the private sector benefit from the development budget? Might it be necessary to import expertise to ensure spending goals are met?
Articles & Analysis | Fuelling transport: Powering the aviation and shipping sectors from The Report: Abu Dhabi 2014
The rapid growth of Abu Dhabi’s air transport and maritime shipping industries over the course of the past decade has had a knock-on effect on the production and trading of jet and bunker fuel in both the emirate and the UAE as a whole. A number of major local players – including the Abu Dhabi National Oil Company’s (ADNOC’s) distribution arm,...
Interviews & Viewpoints | OBG talks to Khaldoon Khalifa Al Mubarak, Group CEO and Managing Director, Mubadala from The Report: Abu Dhabi 2014
As Abu Dhabi pursues its economic diversification priorities, what are the critical success factors for establishing new industry sectors?
Articles & Analysis | Engine of growth: The focus is now turning to exploiting sour gas reserves from The Report: Abu Dhabi 2014
Given the demands of power generation, industry and oil field reinjection, gas is becoming more important to the emirate’s economy. As such, in conjunction with international partners, Abu Dhabi National Oil Company (ADNOC) is turning to tight marginal reserves once thought commercially unviable.
Articles & Analysis | Signs of recovery: Inflation has been increasing alongside renewed activity in the real estate sector from The Report: Abu Dhabi 2014
Although inflation had been a growing issue prior to the 2008-09 global economic crisis, these concerns have since been receding. In December 2008, the inflation rate hit an all-time high of 12.3% – a level high enough to present a significant challenge for the Central Bank of the UAE (CBU). Finding its ability to respond to the trend through...