Saturday 23 June 2018

OBG to track Dubai growth story

Dubai, June 11, 2012

Dubai’s efforts to drive growth in key areas of its economy, including retail, trade and tourism, will be mapped out in a forthcoming report to be published by research and consultancy firm Oxford Business Group (OBG).

The OBG's "Report: Dubai 2013" will provide in-depth analysis of the emirate’s key sectors including detailed coverage of its financial services sectors.

It will also contain a detailed, business guide for foreign investors, alongside a wide range of interviews with the most prominent political, economic and business leaders.

OBG said it will team up with Emirates NBD,  the largest bank in the UAE, for its forthcoming project. The collaboration, which marks their fourth year of partnership, will see the Emirati bank work closely with OBG to compile the banking chapter of the report.

The bank is also a major player in Islamic finance, while providing services in investment, treasury, brokerage and private banking, together with asset management, said a senior OBG official.

"The 2013 publication will provide detailed analysis of the measures Dubai is introducing to bounce back from the global economic crisis," explained OBG’s regional editor Oliver Cornock.

“Dubai has a number of strengths, including a politically stable climate, rising real estate affordability and strong tourism and service industries, which are serving as important building blocks in its efforts to attract new investors,” Cornock stated.

“With regional unrest still a concern among the global business community, Dubai is well placed to regain the ground it lost during the downturn and reaffirm its position as a preferred destination for investors,” he added

Welcoming Emirates NBD on board for the Group’s 2013 project, Cornock said, "We expect the banking sector to be in the spotlight this year as Dubai looks to address key issues such as clarifying its bankruptcy and financial restructuring regulations."

“Our renewed collaboration with the bank will once again strengthen our coverage of the emirate’s changing economic landscape and help ensure that the report provides business leaders with the data they need to make their investment decisions,” he observed.

Rick Pudner, Group CEO of Emirates NBD, said he was upbeat about Dubai’s efforts to regain momentum in its economic expansion, pointing out that first-quarter results looked promising.

“Emirates NBD is privileged to contribute significantly to the important role that the banking sector plays in Dubai’s plans for growth and figures show its economy is heading in the right direction,” he added.

The Report: Dubai 2013 will be a vital guide to the many facets of the emirate, including its macroeconomics, infrastructure, banking and other sectoral developments.-TradeArabia News Service

Tags: economy | Dubai | Oxford Business Group | retail | Trade | growth | track |

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