United Arab Emirates Banking & Financial Services Q2 2018
Despite only being founded in 1971, the UAE has become the financial hub of the GCC area. Its banking, insurance andasset management sectors are leading the region and are expected to continue their tremendous growth. Loans and deposits areexpected to grow due to the positive macroeconomic outlook and total gross premiums are anticipated to increase by 6.7% in2018. The stock exchange sector, however, is second to Saudi Arabia and its attraction has fallen to equity investors recently.Nevertheless, growing calls for consolidation within the market might make it a serious challenger to the Tadawul stock exchange.