Dubai’s banking sector has suffered a series of setbacks in the past few years. But with a series of new bond issuance from state-owned companies being met with high demand, and banks rolling out new mortgage products, 2011 has seen an upturn in the fortunes of the emirate.
Middle East
Latest articles from United Arab Emirates
Mubadala shines in stormy Middle East
June 30, 2011With unrest spreading through many Middle Eastern and north African countries, the stability of the United Arab Emirates is making the country a haven for investors in the region, with Abu Dhabi's development and investment company Mubadala a leading light when it comes to utilising the bond markets.
Will UAE banks be able to comply with Basel III capital rules?
February 25, 2011A surge in issuance of subordinated debt by banks in the UAE may make it more difficult for them to comply with Basel III capital requirements. Click here to see which banks.
UAE back in business
February 21, 2011Rising oil prices and restructured debt deals have lifted the mood about the economic outlook for the United Arab Emirates.
UAE banks: out of the woods and heading East
February 21, 2011Hit hard by the credit and property bubbles that were at the epicentre of the global financial crisis, the United Arab Emirates' banks have since managed to shore up their stability and start to devise strategies for future growth.
Positive signs are emerging from Dubai
May 28, 2010In addition to the global financial crisis, the Dubai World debt quandary has provided another test for the emirate's banks. Nevertheless, positive signs are emerging. Writer Daniel Maalo
Arab banks stay solid in tough conditions
October 5, 2009Although not unaffected by the global financial crisis, the Arab banking sector has continued to expand, with the UAE banks accounting for a growing proportion of asset growth. Writer Stephen Timewell
A mixed year for GCC banks
September 2, 2009The Gulf Co-operation Council countries have suffered as a result of the global economic downturn. Bank profits are down and there have even been some bank failures. But there is also plenty to be upbeat about, with some regions bucking the downward trend. Writer Michael Imeson
Bright vision in a gloomy climate
May 5, 2009Abu Dhabi's second Islamic bank was launched almost a year ago, just before the global financial crisis hit the Middle East. Despite this Al Hilal Bank continues to expand. Writer Mike Imeson
Can deep pockets protect the UAE?
April 7, 2009The United Arab Emirates began to feel the chill winds of global recession late last year. However, the Emirates' immense accumulated wealth, especially that of Abu Dhabi, is likely to protect the economy in general, and the financial system in particular, from the worst effects. Writer Michael Imeson