In 2012 UAE insurers underwrote Dh26.3bn ($7.2bn) in premiums, nearly half of the total gross written premiums (GWP) in the GCC region, making it the largest insurance market in the Gulf, followed by Saudi Arabia. Collectively, the two countries accounted for nearly 80% of the $16.3bn in GWP in the Gulf in 2012, according to a report on the...
After three years of low to modest growth, Dubai’s banking sector appears to have rebalanced itself following the 2009-11 economic crisis. Buoyed by rising asset quality throughout 2013, most of the eight national banks headquartered in Dubai have resolved legacy issues stemming from the collapse of the emirate’s property market, restructured...
What structural adjustments and upgrades need to be considered following the MSCI upgrade from frontier market status to emerging market?
How is continued deleveraging and financial uncertainty in the eurozone impacting the sector?
While the volume of remittances worldwide fluctuated wildly during the recent financial crisis, Dubai has routinely bucked regional trends and benefitted from a stable flow of remittances over the past few years. According to the World Bank, worldwide remittances are estimated to have reached $406bn in 2012, up 6.5% over 2011, while the UAE saw...
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