Banks in Abu Dhabi are well funded and have demonstrated resilience. They also exist in a competitive environment that is widely seen as overbanked. After a major merger created the region’s second-largest lender in 2017, further moves towards consolidation are expected. For now, the banking system has ample liquidity and would benefit from more opportunities to deploy it. The government has...
In both Abu Dhabi and the wider UAE, diversification away from the hydrocarbons sector is a key component of economic planning, and the emirate is moving to increase the role of non-oil exports in its trading profile. This will largely be supported by continued investment in the emirate’s port infrastructure, industrial and free zones, and the connectivity between the two. Agreements with...
The guide contains listings of some of the leading hotels and resorts in Abu Dhabi and contacts for important government offices and services. It also contains useful tips and information for first-time or regular and business and leisure visitors alike.
Abu Dhabi is the largest of the emirates that comprise the UAE, in terms of both its land mass and economy, and home to the majority of the country’s energy production and reserves. According to Statistics Centre - Abu Dhabi (SCAD), its economy expanded at a rate of 31.7% in 2005 and 32.3% in 2011 in nominal terms. Given the current environment, in which oil prices remain below the $100 mark...
Founded in December 1971 as a federation between six of its seven constituent entities, the UAE includes the emirates of Abu Dhabi (the capital city), Dubai, Sharjah, Ajman, Fujairah and Umm Al Quwain. The emirate of Ras Al Khaimah joined the federation the following year. The UAE is governed by the UAE Constitution, which permits each emirate to have its own legislative body and judicial...
Having declared its independence from Britain in 1971 as part of the federation of the UAE, the emirate of Abu Dhabi has significantly raised its economic and political profile in the intervening years, both regionally and internationally. While the emirate is home to the world’s sixth-largest proven oil reserves, financial buffers have helped it diversify and yield steady non-oil revenues....
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