UAE: Dubai

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What has been the impact of the MSCI upgrade of the UAE from frontier to emerging market status?

 

One sign of enduring strength in Dubai’s credit markets is that multiple obstacles have not hindered growth. This includes external factors, such as lower oil prices and a recent history of credit struggles. In the past year, another challenge to lending growth has been Al Etihad Credit Bureau. While in the long term this new actor is expected...

 

Given a lower oil price and an appreciating US dollar, what challenges have emerged, and how is monetary policy being adjusted as a result?

 

The UAE is one of the UK’s most important international partners, and we are proud of our friendship. Like the UK, the UAE has a rich cultural heritage, and we are delighted that its leaders are setting the UAE on an impressive course of innovation and openness. 

 

One of the key pillars of Dubai’s developmental blueprint, Dubai Plan 2021, is the creation of a forward-looking, proactive government that is in touch with the desires of the people, with whom its dealings are characterised by transparency and fairness. The largest revamp in the federal government’s history, announced by Sheikh Mohammed bin...

 

Project finance has for many years been strong across the Middle East, especially in the power, water, and oil and gas sectors in various GCC countries. This trend looks likely to take a bold new direction with the promulgation in Dubai in 2015 of a new law relating to public-private partnerships (PPPs). Traditionally sovereign wealth has been...

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