Historically Sharjah has been one of the region’s most significant air transport centres, providing both good quality services and rapid access between countries, as well as to neighbouring emirates. Building on this proud history as a regional aviation pioneer, the emirate is now seeking to re-establish its global status, leveraging the...
As the only UAE emirate to have ports on both the Gulf and the Indian Ocean, Sharjah is uniquely placed to take advantage of the region’s geographical position at the centre of international logistics lines. The emirate has long been a key aviation link for traffic between Europe, MENA and Asia, with the first airport in Sharjah opening in...
With 45 commercial banks operating in the UAE, according to the country’s central bank, and a national population of 9.27m, according to World Bank figures for 2016, the Emirati financial services market is often described as overbanked and in need of consolidation. Pressure for such consolidation is increasing as intensifying regulatory...
Sharjah is home to four local banks and two insurance companies, with a banking market that is characterised by significant minority government ownership stakes in several key players, as well as a tendency for local banks to eschew the retail and small and medium-sized enterprise (SME) markets in favour of larger corporate and government-...
Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of...
How will strategic investments, total customer deposits and financing of new infrastructure projects affect the UAE banking sector?
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