With major expansions across land, sea and air connections currently under way, Dubai’s transport sector continues to drive much of the emirate’s economic and international success. The government is fully committed to the continuous improvement of this infrastructure, with new rules for public-private partnerships (PPPs) aiming to enhance...
While Dubai possesses some of the most state-of-the-art hardware in its transport sector, integrating these devices into a single, smart structure has a been a long-term occupation of sector planners. Encouraging innovation in the software element of transport has been a priority for the government for many years, with the Dubai Smart City...
Insurance penetration in Dubai is very low and the potential for growth is immense, making the sector competitive and highly oriented toward future expansion. However, the current operating environment is challenging, with companies competing on price to capture market share, scale up customer bases and boost profits.
To what extent will a federal Sharia Board ease doing business for Islamic banks in the UAE? CHILWAN: A federal Sharia Board is critical as an overseeing body. It will ensure alignment and adherence to sharia standards and will bring uniformity in the way Islamic banking is done today. Similar to other regulators such as the...
In 2015, for the first time, the rate of extreme poverty was projected to fall below 10%. Our research and experience tells us that three things have been critical to reducing poverty and boosting prosperity: inclusive economic growth, investments in health and education, and insuring against risks that can plunge the vulnerable into poverty...
The highlight of recent years for the insurance sector has been the long-awaited arrival of new regulations that promise a broad overhaul of several key areas of the sector: auditing, the calculation of technical provisions, governance, asset valuation, increased policyholder rights, and solvency and provisioning regulations. Those elements...
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