The Abu Dhabi Global Market (ADGM) is one of the world’s younger financial centres, having opened its doors to global commerce in 2015, but its success so far reinforces excitement about what this new option will bring to the global financial services landscape. Situated on 114 ha of land on Abu Dhabi City’s Al Maryah Island, ADGM has been...
While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-...
Abu Dhabi’s capital markets have witnessed rapid expansion since the establishment of the Abu Dhabi Securities Exchange (ADX) in 2000. Prior to the creation of the ADX – which was originally known as the Abu Dhabi Securities Market – the sector played a much more limited role in the emirate’s financial services landscape. Historically the...
Abu Dhabi ended its six-year initial public offering (IPO) drought in December 2017 with the sale of a 10% stake in the downstream distribution arm of the government-owned Abu Dhabi National Oil Company (ADNOC). The sale of the stake in ADNOC Distribution was the largest IPO in a decade on the Abu Dhabi Securities Exchange (ADX) and gave the...
Banks in Abu Dhabi are well funded and have demonstrated resilience, be that during the global financial crisis of 2007-08 or in response to local challenges since oil prices fell in 2014. They also exist in a very competitive environment that is widely seen as overbanked. After a major merger created the region’s second-largest lender in 2017...
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