Abu Dhabi ended its six-year initial public offering (IPO) drought in December 2017 with the sale of a 10% stake in the downstream distribution arm of the government-owned Abu Dhabi National Oil Company (ADNOC). The sale of the stake in ADNOC Distribution was the largest IPO in a decade on the Abu Dhabi Securities Exchange (ADX) and gave the...
Banks in Abu Dhabi are well funded and have demonstrated resilience, be that during the global financial crisis of 2007-08 or in response to local challenges since oil prices fell in 2014. They also exist in a very competitive environment that is widely seen as overbanked. After a major merger created the region’s second-largest lender in 2017...
Abu Dhabi has one of the world’s largest and most developed hydrocarbons industries, benefitting from its substantial resources and openness to international investment. Building on decades of steady growth and development, the sector is undertaking a shift. The drive to diversify has resulted in higher levels of investment in both non-...
In what ways can the standardisation of Islamic finance boost its overall attractiveness?
As a religion, Islam has no central authority, and Muslims have established multiple schools of thought. Islamic finance reflects this decentralised approach, as in the past it has been largely up to each individual financial institution to design products and services they believe are sharia compliant.
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