According to figures from the Statistics Centre – Abu Dhabi, in 2014 the mining and quarrying sector, including oil and gas, contributed Dh485.7bn ($132.2m) to Abu Dhabi’s GDP when measured at current prices. The emirate holds 94% of the UAE’s oil reserves and as of the end of 2014 the UAE had proven oil reserves of 97.8bn barrels, equivalent to 5.8% of the world total, placing the UAE eighth...
With a total of 60 insurers in the UAE, including 34 locally incorporated companies and 26 foreign branches, federal authorities have increasingly sought to promote consolidation in the nation’s growing insurance market. According to the Statistics Centre – Abu Dhabi, financial and insurance activities were a significant contributor to the emirate’s economic growth in 2014, expanding by 27.1...
ETIQUETTE & DRESS: Hospitality plays a central role in Emirati culture and is also present in business interactions. Whether in business or social interactions, longer greetings are an important prelude before proceeding to other matters. Handshakes are common as a greeting in business settings...
JUMEIRAH AT ETIHAD TOWERS T: + 971 2 811 5555 JAD info@jumeirah.com www.jumeirah.com/jumeirahetihadtowers Rooms: 382 rooms and suites, and 199 residences. Business & Conferences Facilities: Club executive lounge with complimentary food and drinks. Fully equipped conference centre and in-house audio-visual team and event planners. Mezzoon...
After a robust performance in 2015, the sector has entered 2016 ready to weather the economic challenges presented by a subdued oil price and is well positioned to pursue growth where opportunities arise in the coming years. With total assets estimated at $127bn in 2014, the UAE has one of the largest sharia-compliant banking sectors in the world – the third largest after Saudi Arabia and...
The Abu Dhabi Securities Exchange (ADX) has quickly developed from a fledging investment platform to an institution of global significance. At the end of 2015 a total of 66 public companies were listed on the exchange, with insurance, banking and industry making up the largest subsectors in terms of listings. The government has made moves to expand its debt and bond offerings in recent times,...
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