UAE: Dubai Financial Services Articles & Analysis

Chapter | Capital Markets from The Report: Dubai 2018

Dubai is home to a domestic stock exchange, an international market with one of the largest concentration of sukuk (Islamic bonds) in the world, as well as equity futures and three derivatives platform operators: the Dubai Gold and Commodities Exchange, Dubai Mercantile Exchange and Nasdaq Dubai. The emirate continues to attract major international sukuk listings and all of its exchanges are...

Dubai saw steady GDP growth of 2.8% in 2017 and this is expected to reach 3.2% in 2018, with an increased drive towards consolidating its position as a knowledge-based economy. The emirate is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment.

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Dubai has improved its standing as one of the world’s top financial hubs and reinforced its position as a key regional centre for banking services, according to a recent survey on the global finance industry.

Dubai’s capital markets are seeing innovation in a range of spheres, witnessing the launch of new fundbased products on its primary exchanges, as well as new types of futures contracts on both Nasdaq Dubai and the emirate’s derivatives-focused exchanges.

 

What are your expectations with respect to initial public offerings (IPOs) in the near future?

 

How much is the growth in both conventional and Islamic government debt issuance set to encourage corporates to use debt instruments?

With some analysts suggesting that the 2017-20 period could see as much as $480bn in combined government expenditure across the GCC – with $288bn of that to be spent in transport and infrastructure projects alone – the region clearly maintains a considerable appetite for major capital investment.

 

How will the expansion of DFM’s sharia-compliant standards impact the growth of Islamic finance?