How has the cost of funds for Dubai’s lenders changed over the past several years?
UAE: Dubai Financial Services
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Interviews & Viewpoints | OBG talks to Rick Pudner, CEO, Emirates NBD from The Report: Dubai 2013
Interviews & Viewpoints | OBG talks to Adnan Chilwan, Deputy CEO, Dubai Islamic Bank (DIB) from The Report: Dubai 2013
How has the banking industry strengthened its position since the onset of the financial crisis?
Adnan Chilwan: The financial downturn adversely affected the entire global financial industry. However, thanks to the decisive action taken by the UAE government in 2008, the country’s financial services sector is in a very strong...
Articles & Analysis | Ups and downs: Cautious optimism returns to the market while debt and commodities continue to do well from The Report: Dubai 2013
With Dubai containing some of the world’s youngest stock exchanges, born in just the first few years of this century, the emirate’s capital markets have lived long in a very short time. After experiencing unprecedented growth in their first years, these markets were then faced with a major global crisis in 2008-09. This saw indexes plummet and...
Articles & Analysis | Leading the way: A look at the four main players in a busy industry from The Report: Dubai 2013
A major part of the banking sector within the UAE, Dubai is also a key player in the wider MENA region. In the first quarter of 2012, Dubai-based Emirates NBD (ENBD) was not only the largest bank by assets in the UAE, but number three in the GCC, after Qatar National Bank and Saudi Arabia’s National Commercial Bank. ENBD shares the Dubai banking...
Articles & Analysis | Gaining ground: All segments hold potential for further expansion from The Report: Dubai 2013
The UAE is one of the largest insurance markets in the Gulf region, with Dubai taking an impressive share of the country’s total premiums. There is still plenty of room for growth in life and general, with the period ahead likely to see more of this potential realised. Dubai is moving towards compulsory health insurance (see analysis), while there...
Articles & Analysis | Capital backing: A welcome increase in capital-protected instruments from The Report: Dubai 2013
As efforts to widen and deepen the pool of Islamic financial products continue, one area that has recently seen growth is capital-protected instruments. Both Dubai, and the UAE as a whole, have been keen to pursue this trend and boost choices among Islamic investors. One of the main challenges is the provision of sharia-compliant instruments for...