The size of Sharjah’s financial services sector has grown steadily over the years, due in part to its quick response to changes that includes the rapid adoption of international best practices for banking. More recently, the banking industry has expanded its offering of digital services, particularly in response to the economic disruption caused by the Covid-19 pandemic,...
Financial Services
Displaying 145 - 150 of 4358
Articles & Analysis | Digitalisation and consolidation helps Sharjah’s financial sector grow from The Report: Sharjah 2021
Interviews & Viewpoints | Ahmad Abu Eideh, CEO, United Arab Bank: Interview from The Report: Sharjah 2021
How has the Covid-19 pandemic affected banks’ asset quality and profitability, and to what extent are stimulus measures facilitating recovery?
Articles & Analysis | What new financial technologies emerged during the pandemic? from The Report: Sharjah 2021
The Covid-19 pandemic has led to a significant acceleration of digital transformation. This trend is especially apparent in financial services, where the health crisis prompted an overhaul of legacy processing systems and the widespread implementation of what are known as ABCD technologies – a catch-all term that encompasses artificial intelligence (AI) and automation,...
Articles & Analysis | What is the post-pandemic future of global Islamic banking? from The Report: Sharjah 2021
While Islamic banks emerged relatively unscathed from the 2008 global financial crisis, Covid-19 is having a deeper impact. Compared to conventional financial institutions, Islamic banks are more exposed to small and medium-sized enterprises (SMEs), microfinance and retail lending – particularly in Asia. The industry was on track for strong growth in 2020, but due both to the...
Chapter | Financial Services from The Report: Sharjah 2021
Sharjah’s financial services sector has grown steadily over the years, due in part to its quick response to changes, including the rapid adoption of international best banking practices. The banking industry has expanded its digital services, particularly in response to the economic disruption caused by the Covid-19 pandemic, putting it in a good position for future growth as the world...
Sharjah has one of the most diversified economies in the UAE, with a strong foundation in industry and manufacturing. Approximately 95.8% of its economic activity was derived from non-oil sectors in 2019, positioning the emirate to absorb much of the impact of the Covid-19 pandemic.