UAE: Dubai Economy

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Although Dubai has traversed some challenging economic territory over recent years the economic stimulus of Expo 2020 preparation and more stable oil prices have eased this strain in 2019, and business sentiment has improved accordingly. With the long-anticipated expo event set to take place in 2020, attention has started to focus on the important question of sustaining the current economic momentum over the medium term.

Dubai is seeking to stimulate growth among the emirate’s start-ups with the release of a white paper outlining solutions to improve access to funding, offer greater support and build investment networks for small businesses.

New financing and financial security channels are likely to help export and re-exporting firms in Dubai cement recent gains and create a foundation for the emirate’s further growth as a retail transit centre.

In a boost to its standing as a centre for advanced research and innovation, Dubai has been chosen to host an affiliate centre for the Fourth Industrial Revolution Network, an initiative of the World Economic Forum (WEF).

 

While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-...

 

Two of the biggest trends in global insurance in recent years are premium growth in emerging markets and the rising importance of technology across the supply chain. The latter has come to be referred to as InsurTech, a potentially disruptive trend that heralds both threats to and opportunities for incumbents and newcomers alike. While...

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