UAE Financial Growth and Stability - Futuristic Skyline with Finance Symbols - 95dubai.com Branding

UAE makes strides in financial growth and regional stability

But the UAE has been working hard to establish itself as a global financial hub. These initiatives have been led by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum. Achieving financial sustainability and digital transformation and improving resource use over the past three years was the Ministry of Finance’s focus.

Issuing treasury bonds and sukuk attracted considerable interest from investors and also one of the biggest moves. This gave the UAE a bit of a leg up in terms of the global stage. The nation’s investment in people and its economy, demonstrated in its federal budget of AED 290 billion to 2026, shows its strength of commitment.

UAE Financial Growth and Stability - Futuristic Skyline with Finance Symbols - 95dubai.com Branding
UAE Financial Growth and Stability – Futuristic Skyline with Finance Symbols – 95dubai.com Branding

Read more: UAE Joins BRICS Summit for Global Growth

The UAE, alongside Saudi Arabia, dominate the Arab world with respect to the gross written premiums. By the end of 2023, their combined total was $32 billion. Non-life insurance premiums accounted for most of these premiums and reflect a tilt towards areas as health and property. The growth is part of the UAE wider plan to boost its financial services sector and keep the economy on track.

Read more: Dubai Real Estate: Developer Expansion Plans Highlight UAE’s Growth Potential

The UAE is also active in foreign policy other than economic development. It pledged a $100 million relief package for Lebanon last week to help maintain stability there, where tensions are rising. The UAE is showing that it is a responsible regional player that is is not just focusing on becoming a financial power.

The Abu Dhabi’s future looks bright. Their aim is to be the leader in digital innovation, so they have kept to fiscal discipline. This future is anchored on this vision, known as ‘We the UAE 2031’. These initiatives are opportunities for investors to join a growing and dynamic financial landscape.

Read more: Dubai Startup Guide: Navigating Opportunities and Growth in a Thriving Hub

References

  • Sharjah 24. UAE, KSA lead Arab world with $32 b in gross written premiums. October 1, 2024.
  • Sharjah 24. UAE expresses deep concern over increased escalation in Lebanon. October 1, 2024.