Thanks in large part to the dirham’s peg with the dollar, the record low interest rates at the US Federal Reserve have meant that Abu Dhabi’s banks have operated in a highly liquid market. This scenario has been further strengthened by the plentiful supply of deposits flooding into the UAE from countries such as Syria, Egypt and Tunisia....
The year 2015 was a busy one for Abu Dhabi Global Market (ADGM), the capital’s new financial free zone, established in accordance with Federal Decree No (15) of 2013, Cabinet Resolution No (4) of 2013, Abu Dhabi Law No (4) of 2013 and Federal Law No (8) of 2004, which is the same federal law that led to the establishment of the Dubai Financial...
Abu Dhabi’s evolution from desert oasis to modern metropolis has seen society undergo enormous changes over the past century, making the preservation of tradition and history an important and critical priority. Efforts to protect and promote Emirati culture and history have accelerated in recent years, as the National Archives moves to enact a...
Recent decades have seen the GCC become increasingly connected to the wider global economy through trade and investment links. Over the years capital flows between the Gulf and the rest of the world have deepened significantly, a process first driven by trade and investment with the historically important blocs of Europe and North America, and...
The UAE has risen in recent years to become one of the world’s largest providers of official development assistance (ODA), while simultaneously ramping up efforts to support women and families within its own borders. Emirates Red Crescent (ERC) in particular has been active in rolling out urgently needed disaster and conflict relief around the...
Since Saudi Arabia began reducing its domestic wheat production in 2008, the issue of food security has been high on the agenda for GCC governments. The kingdom, which was once self-sufficient in the grain and even exported to the wider region, recognised a fact that is true across the whole of the Arabian Peninsula: it is running out of water...
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