Throughout 2018 Dubai continued working towards the goal of establishing itself as the global capital of the Islamic economy. Financial services are a core aspect of that project, and the emirate has taken a leading role in hosting Islamic financial services companies. Its government and government-related entities were early sellers of sukuk (Islamic bonds), and the industry has become one of...
Capital markets in Dubai are spread across multiple exchanges, each with an emphasis on a different asset class. With this structure established and still growing, the aim is to boost activity in all asset classes, and to create an overall offering with the breadth and depth to rival major global financial centres. For now, most securities trading is governed by external factors, foremost...
Featuring both onshore and offshore markets, Dubai’s banking sector has become an integral part of the global financial services universe. Facilities range from conventional financial intermediation in a competitive domestic landscape to advanced specialist services housed in the Dubai International Financial Centre, the emirate’s financial ser¬vices free zone. Dubai has also positioned itself...
Dubai is the second-largest of the seven emirates that comprise the UAE in terms of economic size, and the main driver of economic diversity in the country. Its tourism, logistics, manufacturing and services sectors provide opportunities for growth beyond oil and gas, the industry upon which many economies in the region are dependent. At the country level hydrocarbons account for 30% of GDP...
Covering a total area of 83,600 sq km, the UAE borders Saudi Arabia to the west and south and Oman to the east. The country’s coastline stretches 1318 km from the south-eastern shore of the Gulf, nearly reaching the Strait of Hor¬muz in the north. Most of the country is situated along the Gulf. By area, Dubai is the second largest of the emir¬ates behind Abu Dhabi, covering around 4110 sq km...
Currently, during a protracted period of interconnectedness and globalisation, many businesses and frequent travellers are accustomed to using voice over internet protocol (VoIP) services, such as Skype, WhatsApp, FaceTime, Snapchat and Viber, when making international calls. In the UAE, such services are not currently available.
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