Dubai’s capital markets are seeing innovation in a range of spheres, witnessing the launch of new fund-based products on its primary exchanges, as well as new types of futures contracts on both Nasdaq Dubai and the emirate’s derivatives-focused exchanges.
Dubai is home to a rapidly developing financial technology sector and several major e-commerce firms, but despite this, the domestic economy remains dominated by cash. As such, the use of electronic payments (e-payments) and e-commerce is underdeveloped, particularly in comparison to other developed markets. However, government and private...
September 2016 saw the approval by the UAE government of a new bankruptcy law, which came into effect at the end of the year. The law supersedes the country’s previous insolvency framework, which was largely laid out in the 1993 Commercial Transactions Code. Critics of the previous framework argued that it was excessively harsh regarding the...
Dubai’s desire to capture and leverage innovative technological breakthroughs is manifest in the number of incentives offered for the world’s smartest minds and most dynamic start-ups. While there are a number of independent entities offering funding and incentives for forward-thinking enterprises, the emirate’s leadership has also developed a...
Building on its reputation as a global city, regional financial centre and showcase of smart technology, Dubai is forging an economic future based on investment in forward-thinking ideas. As part of this strategy, the emirate is set to welcome millions of visitors to Expo 2020, which is aimed at creating an international platform to foster...
Intense competition, low penetration rates and a strong bias towards non-life products characterises Dubai’s insurance sector, with ratings agencies agreeing that there is robust medium-term growth potential for the emirate’s underwriters.
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