Plans by Abu Dhabi to invest more than $25bn over the next five years to increase offshore oil production capacity look set to secure the emirate’s position as a leading oil producer, amidst a global decrease in oil and gas capital expenditure.
UAE: Abu Dhabi
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Economic update | Abu Dhabi pumps up oil investment
16 Jun 2015
Substance abuse is becoming a growing weight on the economy of Abu Dhabi, as it is across the region. However, increased spending on both prevention and treatment may help reduce the burden and repay the investment into tackling this problem many times over.
European quantitative easing (QE) could prove to be a catalyst for increased activity in Abu Dhabi’s bond market over the coming months, providing a welcome influx of funds.
Competition is set to heat up for high-end retail space in Abu Dhabi in the coming years as an expanding and affluent population, solid economic growth and increasing tourism drive retail activity.
Economic update | Abu Dhabi Year in Review 2014
2 Feb 2015
Despite a sharp downturn in oil prices in the latter part of the year, Abu Dhabi’s economy maintained its solid pace of growth in 2014. Strong fiscal reserves, a low breakeven price of oil and an increasingly diversified economy should ensure expansion is maintained in 2015, though possibly at a slower rate than in past years.
Economic update | Abu Dhabi’s banks eye new pastures
15 Jan 2015
The banking sector performed strongly in 2014, led by Abu Dhabi’s raft of big-ticket projects, which have proved to be a key driver of growth for larger lenders. However, signs that the market is becoming increasingly crowded, particularly in the retail segment, are prompting several players to look beyond the UAE’s borders for new business.