UAE

UAE Top Economic and Investment Themes for 2016

According to Marmore’s UAE economic themes report, Hydrocarbon sector is expected to contribute positively to real growth in 2016 as the phased increase in oil production happens. UAE had earlier set a target to raise its production capacity by 30% in 2020. Non-hydrocarbon growth is expected to be moderate in 2016, amid the lower oil price environment, as government expenditures are reined in. Diversified & Competitive Economy United Arab Emirates (UAE) has been the forerunner in implementing reforms to strengthen...

UAE Stock Market Outlook 2016

Valuation: Positive  Price-to-earnings multiple for UAE fell by 13% in 2015 and currently stands at 10.4x. The fall has been the most in Dubai index, wherein, the P/E multiple contracted by 25% from 12.4x at the start of year to a current value of 9.3x. UAE markets seem attractive for investors with P/E ratio of 10.4 while its comparable peers Kuwait and Saudi Arabia are slightly overvalued at 14.4 and 13 respectively. On P/B basis, UAE (1.3) is slightly overvalued...

Expo 2020: How will Dubai benefit?

Connecting Minds, Creating the Future In 2020, the UAE will host the World Expo, which is held once every five years for the duration of 3-6 months. The history of expo dates back to 1851, when ‘The Great Exhibition’ was first held in London. Since then, different regions of the world have hosted it at regular intervals, but this would be the first time the event is being hosted in the MENA region. Themes for the expos are usually broad,...

Importance of South Asian Markets in UAE Aviation Industry

The aviation industry in UAE contributes roughly 12% to the country’s economy, reflecting the country’s huge investment in airports and airlines. The aviation industry is a USD 39.4 billion (Dh 145 billion) industry, contributing 28% to Dubai’s GDP. The industry provides 250,000 jobs in Dubai and supports 14% of the workforce in UAE. International Air Transport Association (IATA) has predicted that the UAE will be the second fastest growth market for international passenger traffic from 2009 to 2014, second only...