How has the cost of funds for Dubai’s lenders changed over the past several years?
The Middle East
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Interviews & Viewpoints | OBG talks to Rick Pudner, CEO, Emirates NBD from The Report: Dubai 2013
Interviews & Viewpoints | OBG talks to Mohamed Alabbar, Chairman, Emaar from The Report: Dubai 2013
To what extent has Dubai adopted a more conservative and fiscally responsible approach in terms of funding its expansion since the global crisis?
Articles & Analysis | Income breakdown: A look at the government’s main revenue streams from The Report: Dubai 2013
Total government revenues for Dubai have quadrupled from Dh10bn ($2.7bn) in 2003 to an estimated Dh42bn ($11.4bn) in 2011, according to the IMF. The 2011 figures include an estimated Dh10bn ($2.7bn) in cash transfers from Abu Dhabi. Expenditures have been traditionally balanced to control the budget deficit, but the financial crisis in 2008 prompted...
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 | Attention to detail: Evolving Customs rules and growing infrastructure investments bode well for logistics providers from The Report: Dubai 2013
Just over three decades ago in 1979, construction wrapped up on what was at that point an unprecedented project in the Middle East. About 40 km south of Dubai’s historical centre – in what had been a vacant sandy lot – construction teams were working to dredge what would become Jebel Ali Port. Now complete, it has become the largest man-made port in...
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...