In terms of gross written premium (GWP), the UAE’s insurance market has ranked first within the MENA region since 2008. In 2018 it had...
UAE: Abu Dhabi Financial Services
Abu Dhabi is home to the world’s sixth-largest proven oil reserves and is working to achieve self-sufficiency in natural gas. It has been successfully pursuing diversification, particularly in terms of manufacturing, banking and ICT. While the global Covid-19 pandemic and decline in international oil prices poses challenges for the emirate, the fundamentals underpinning its economy remain strong.
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Chapter | Islamic Financial Services from The Report: Abu Dhabi 2020
As one of the UAE’s two major financial centres, Abu Dhabi has played a prominent role in the development of the nation’s Islamic...
Chapter | Capital Markets from The Report: Abu Dhabi 2020
Abu Dhabi’s capital markets started 2020 on a positive note, bolstered by solid gains on the exchange’s main index in 2019. Similarly,...
Despite the adverse effects of a low oil price environment over recent years, Abu Dhabi’s banking sector has remained well capitalised...
Abu Dhabi is home to the world’s sixth-largest proven oil reserves and is working to achieve self-sufficiency in natural gas. It has been successfully pursuing diversification, particularly in terms of manufacturing, banking and ICT. While the global Covid-19 pandemic and decline in international oil prices poses challenges for the emirate, the fundamentals underpinning its economy remain strong.
In 2017 the UAE was home to the largest and fastest-growing insurance sector in the GCC. The industry has recorded strong compound annual growth rates in both non-life and life segments during the last decade, while takaful (Islamic insurance) products have developed considerably since 2012. This growth has come on the heels of an influx of expatriates, increase in the population of working-...
Chapter | Islamic Financial Services from The Report: Abu Dhabi 2019
Abu Dhabi is a prominent player in Islamic finance and is active in markets for sharia-compliant debt; deposit, lending and investment schemes; and risk-management through takaful (Islamic insurance). Acting through the Abu Dhabi Global Market, the emirate’s financial free zone, the sector has access to domestic as well as offshore service providers. Together with the six other emirates of the...