The emirate’s reputation as a safe haven – a sentiment supported over the past 12 months by its stability during much regional and international turmoil – plus the ability of its government-related entities (GREs) to negotiate restructuring packages with their creditors, have recently created some very positive conditions for a revival of the...
Among Dubai’s insurers, one of the most widely anticipated developments set for the year ahead is the likely introduction of mandatory, employer-funded health coverage for all Dubai residents. This is expected to give a major boost to both premiums and competition as local insurers do battle for health care accounts. The move is expected to ease...
With global Islamic financial assets worth some $1.2trn at the end of 2011 and growth of 150% over the previous five years, according to the UK Islamic Finance Secretariat, Dubai has long been eager to take a bigger share of this rapidly expanding market.
The last decades of rapid economic growth in Dubai are a well-known phenomenon. Equally well known are the economic shocks the emirate witnessed in wake of the global financial crisis. The mood in Dubai, however, is swinging back towards a more guarded optimism as it regains its status among regional and international economies. Dubai is still...
While the equities story in Dubai has been one of gradual recovery since the global downturn, on the commodities side, the emirate has been going from strength to strength. Central in this has been the success of the Dubai Multi Commodities Centre (DMCC), the licensing authority for the Jumeirah Lakes Towers Free Zone. Since its establishment in...
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