Overview

Fintech is driving the evolution of global banking
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Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of consumers, investors have quickly come to recognise its…

Overview

Abu Dhabi's investment portfolio supported by financial services offerings
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In both Abu Dhabi and the wider UAE, diversification away from the hydrocarbons sector is a key component of economic planning, and the emirate is moving to increase the role of non-oil exports in its trading profile. This will be largely supported by continued investment in the emirate’s port infrastructure, industrial and free zones, and the connectivity between the two. Agreements with Chinese…

Overview

Abu Dhabi to see a budget surplus in 2019 thanks to public consolidation efforts
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Abu Dhabi is the largest of the seven emirates that comprise the UAE, in terms of both its land mass and economy, and home to the majority of the country’s energy production and reserves. According to Statistics Centre - Abu Dhabi (SCAD), the emirate’s economy expanded at a rate of 31.7% in 2005 and 32.3% in 2011 in nominal terms. Although lower external demand and a sharp drop in oil prices in…

Overview

An overview of Abu Dhabi and the UAE
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Having declared its independence from Britain in 1971 as part of the federation of the UAE, the emirate of Abu Dhabi has significantly raised its political and economic profile in the intervening years, both regionally and internationally. While the emirate is home to the world’s sixth-largest proven oil reserves, financial buffers have helped it diversify and yield steady non-oil revenues. This…

Overview

The effects of lower corporate tax rates on economies worldwide
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Recent decades have seen a downward trend in corporate taxation, with headline corporate tax rates falling by 20 percentage points since the early 1980s. The average for advanced economies dipped to 22% in 2015, and investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial crisis, many countries had to slash spending and raise revenue…