Given Dubai’s track record in the GCC region and wider Middle East, for both financial services and IT technology development and entrepreneurship, it is unsurprising that the emirate is now also establishing itself as a regional centre for the development of financial technology (fintech). The rise of the segment is being driven by...
Over 10 years have passed since I assumed the position of prime minister and vice-president of the UAE. In those 10 years we have launched a number of plans and strategies, led a number of reforms of our government, developed systems to track performance and improve services, encouraged innovation and the application of technology across all...
While government-related entities (GREs) play an important role in the economy, Dubai has one of the most dynamic private sectors in the Gulf. A diversified activity base and attractive business environment have drawn in high levels of foreign direct investment. Private firms are particularly dominant in the small and medium-sized enterprise (...
Dubai is home to some of the Middle East’s largest banks, as well as its major financial free zone. The emirate’s financial institutions have largely recovered from a rise in non-performing loans (NPLs) in the wake of the 2008 financial crisis, and are well capitalised and liquid despite a recent rise in delinquencies in the small and medium-...
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