Plans to establish Dubai’s credentials as a centre for Islamic finance took a step forward in July with the opening of a new academic institution to train professionals for employment in the sector.
UAE: Dubai Financial Services
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The recent promotion of the UAE to “emerging market” status could well boost capital inflows to Dubai, although the full effect of the change is likely to take some time to become apparent.
Economic update | Dubai: Negotiating mortgage lending
19 Feb 2013
The UAE’s central bank has postponed plans to implement a cap on mortgage lending, a move welcomed by Dubai bankers who had been concerned the tight restrictions originally proposed could limit lending growth just as the real estate sector is showing signs of recovery in certain sub-sectors.
Articles & Analysis | Tightening up: A renewed focus on regulation has followed the global slowdown from The Report: Dubai 2013
Since the global financial crisis struck Dubai in 2008/09, successive waves of new regulation have been brought in for banking and the financial sector in general. These have been both local and global, as Dubai and the UAE have sought to meet new international best practices and requirements while taking account of their own unique characteristics...
Articles & Analysis | Risk management: While reinsurance levels remain high, local insurers are expected to retain a growing share of business on their books from The Report: Dubai 2013
The high levels of reinsurance activity in the Dubai market follow a regional pattern which saw GCC insurers cede an aggregate 46% of their non-life premium income in 2011, according to the Qatar Financial Centre’s (QFC) “GCC Reinsurance Barometer”. While some of this business is directed towards local firms, the majority is placed with foreign...
Articles & Analysis | Sukuk success: The local market for Islamic bonds continues to rebound from its slump from The Report: Dubai 2013
The sukuk (Islamic bond) market in Dubai saw some spectacular surges in 2012, with yields diving on high demand. This has echoed global trends that have thrust sukuks more into the international investment spotlight in recent times, with the global market hitting $20.5bn of issuance in the first half of 2012, up 36.7% on June 2011, according...