UAE: Abu Dhabi Financial Services Articles & Analysis

Displaying 25 - 30 of 112

While reduced oil prices are undoubtedly a concern for the emirate’s authorities, economic diversification efforts of recent years mean Abu Dhabi is well placed to weather a prolonged period of subdued prices. Vision 2030 meanwhile contains a raft of goals that will further reduce the emirate’s reliance on hydrocarbons, and continue to foster the emergence of a more sustainable and knowledge-based economy in the years ahead.

First announced in June 2016, a merger between National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) was finalised last month.

Facing an economic slowdown and a fragmented operating environment, Abu Dhabi insurers will continue to implement new industry regulations in 2017.

 

Now entering its 10th year of mandatory health insurance legislation, Abu Dhabi’s insurance sector is at something of a crossroads. Although penetration is rising and the industry’s gross written premiums (GWPs) have recorded double-digit growth in recent years, loss ratios have deteriorated over the same period, the industry recorded some of...

 

In a bid to strengthen the insurance sector and promote industry consolidation, the UAE Insurance Authority (IA) recently introduced new financial regulations for underwriters, aimed at improving solvency, technical provisions and accounting practices, and setting new investment and minimum capital requirements. These reforms will bring the...

 

The acquisition of Barclays UAE retail business in 2014 by Abu Dhabi Islamic Bank (ADIB) represented the most significant expansion in the domestic Islamic banking market of recent years. However, while the headline-generating event was a very visible demonstration of the growth of sharia-compliant financing in the UAE, the expansion of Abu...