Banking
From The Report: Dubai 2019
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Featuring both onshore and offshore markets, Dubai’s banking sector has become an integral part of the global financial services universe. Facilities range from conventional financial intermediation in a competitive domestic landscape to advanced specialist services housed in the Dubai International Financial Centre, the emirate’s financial ser¬vices free zone. Dubai has also positioned itself as a global centre for Islamic banking, a young and fast-developing market segment. With oil prices ticking up in the latter half of 2017 and first half of 2018, the outlook for Dubai’s financial services providers is improving in tandem. This chapter contains an interview with Bernd van Linder, CEO, Commercial Bank of Dubai.

Articles from this Chapter

Overview

Rising star: Sector fundamentals remain sound as Dubai positions itself as a regional financial services centre
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Featuring both onshore and offshore markets, Dubai’s banking sector has become an integral part of the global financial services universe. Facilities range from conventional financial intermediation in a competitive domestic landscape to advanced specialist services housed in the Dubai International Financial Centre (DIFC), the emirate’s financial services free zone. Dubai has also positioned itself as a global centre for Islamic banking, a young and fast-developing market segment. Moving…

Interview

Implementing technology: Bernd van Linder, CEO, Commercial Bank of Dubai, on the increased use of blockchain and artificial intelligence (AI)
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Interview:Bernd van Linder With various economic factors impacting the demand for loans, what do you see as the key growth drivers in the banking sector? BERND VAN LINDER: The main driver of the banking sector is GDP growth, and the forecasts for 2019 are very positive. Real estate is stabilising, whilst the trade and tourism sectors are increasing. The governments of Abu Dhabi and Dubai have also taken various supportive measures, including increasing the emirates’ infrastructure investment…

Overview

Fintech revolution: Tech solutions are driving the evolution of the sector landscape
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Once reserved for ambitious start-ups and industry-leading operators, financial technology (fintech) has caught the attention of private sector firms and government planners alike, becoming a regular feature in budget speeches and development plans. As fintech plays a larger part in the lives of consumers, investors have come to recognise its growth potential. Tech-focused Janus Henderson Global Technology Fund, for example, has expanded by more than 160% since February 2013, and by some 30% in 2017 alone. Fintech is rapidly advancing across global markets. While the concept was pioneered in developed countries, the fluidity of international…

Overview

Fintech revolution: Tech solutions are driving the evolution of the sector landscape
OBG
plus

Once reserved for ambitious start-ups and industry-leading operators, financial technology (fintech) has caught the attention of private sector firms and government planners alike, becoming a regular feature in budget speeches and development plans. As fintech plays a larger part in the lives of consumers, investors have come to recognise its growth potential. Tech-focused Janus Henderson Global Technology Fund, for example, has expanded by more than 160% since February 2013, and by some 30% in 2017 alone. Fintech is rapidly advancing across global markets. While the concept was pioneered in developed countries, the fluidity of international…