First announced in June 2016, a merger between National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) was finalised last month.
The Middle East
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Economic view | Mohamed Jaidah, Group Executive Director, Jaidah Group, on private sector development and greater efficiency
3 May 2017
What do you identify as the most promising business opportunities for the private sector given the decrease in public spending?
A government push to enforce stronger uptake of compulsory health and automotive coverage could generate substantial new business in Saudi Arabia’s insurance sector, deepening the industry’s premium pool and strengthening its asset base.
New property developments and large government outlays on infrastructure look set to boost Sharjah’s residential appeal, expanding housing stocks and helping the emirate maintain a pricing edge over some of its neighbours.
With growing interest in the mid-tier retail market and an upswing in credit card spending recorded at the end of last year, Kuwait is looking to bounce back from a period of subdued consumer confidence and slowing credit growth.
Oman is seeking to enhance its upstream gas segment to supply growing demand, with major upcoming projects expected to help achieve this goal.