Financial Services

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What are your expectations with respect to initial public offerings (IPOs) in the near future?

 

How does the dirham’s fixed peg to the US dollar affect UAE monetary policy?

 

Dubai is home to a rapidly developing financial technology sector and several major e-commerce firms, but despite this, the domestic economy remains dominated by cash. As such, the use of electronic payments (e-payments) and e-commerce is underdeveloped, particularly in comparison to other developed markets. However, government and private...

 

September 2016 saw the approval by the UAE government of a new bankruptcy law, which came into effect at the end of the year. The law supersedes the country’s previous insolvency framework, which was largely laid out in the 1993 Commercial Transactions Code. Critics of the previous framework argued that it was excessively harsh regarding the...

 

How has the experience of launching DubaiSat-1 and DubaiSat-2 contributed to the development of the space industry in the UAE?

 

Dubai’s desire to capture and leverage innovative technological breakthroughs is manifest in the number of incentives offered for the world’s smartest minds and most dynamic start-ups. While there are a number of independent entities offering funding and incentives for forward-thinking enterprises, the emirate’s leadership has also developed a...

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