UAE Sector Analysis

UAE GDP growth up 3.9% in 2012, expected to be up further 3.1% in 2013

editor@marcopolis.net (Jacques Yétérian) — Mon, 17 Jun 2013 09:03:09 +0000

UAE GDP growth up 3.9% in 2012, expected to be up further 3.1% in 2013

Led by non-oil sectors that would continue to see massive infrastructure spending, primarily in Abu Dhabi and Dubai Global: UAE GDP growth up 3.9% in 2012, expected to be up further 3.1% in 2013

Strong demand pushes prices and rents up in Dubai

editor@marcopolis.net (Jacques Yétérian) — Mon, 17 Jun 2013 08:31:56 +0000

UAE Sector Analysis

Strong demand pushes prices and rents up in Dubai

Dubai real estate market has recovered at a phenomenal speed. Although sale and rental prices of property had begun rising in 2012 but the price hikes were limited to handful areas. In 2013 however, that recovery has been more widespread where there are palpable signs of a more profound recovery.

UAE Banking when Banking in UAE becomes the driver of growth

editor3@marcopolis.net (Gérard Al-Fil) — Tue, 30 Sep 2008 12:47:40 +0000

“UAE banking sector posted nearly $6.8 billion in profits for 2007, an increase of 29%. UAE Banking with economic fundamentals remaining strong, even the spread of the US subprime contagion may not make its way into the UAE banking sector”, says Ibrahim, whose bank is also facing growing competition. UAE Banking and Abu Dhabi Islamic Bank is booming, too. “Abu Dhabi Islamic Bank’s (ADIB) net income in the three months to March 31 - after depositors' share - surged by 47% to 244.25 million dirhams ($66.5 million)”, says its CEO, Tirad Mahmoud. It is logical that a high growth of population means a treasure trove for retail banking : “The bank grew its distribution network in the UAE from 16 branches in 2004 to 44 branches as of now and will be adding four new branches by the end of the year.”

UAE Aviation Emirates Airlines, Aviation Sector in UAE

editor3@marcopolis.net (Gérard Al-Fil) — Tue, 30 Sep 2008 12:25:21 +0000

Whenever people talk about Dubai and the aviation industry, you can’t ignore one member of the ruling family: when Sheikh Ahmed bin Saeed Al Maktoum speaks, the global aviation industry is listening. Dubai would not be Dubai if it did not have dreams that go beyond the civil aviation industry. Dubai’s ruler, Sheikh Mohammed, announced the creation of the Dubai Aerospace Agency (DAE). Around US$ 15 billion will be invested in this giant that will pave Dubai’s path to a centre for designing, constructing planes and repairing aircraft. The DAE University had aimed to become a centre for educating pilots, aircraft designers and mechanics, but was forced to cancel the entire study program.