Rethinking the future has been saved
Rethinking the future
ME PoV Spring 2015 issue
Stricter capital requirements and low interest rates are impacting the Gulf region’s finance companies that are now seeing the need to re-evaluate their corporate strategy and business model.
Although the United Arab Emirates financial sector’s net profits grew by 14 percent in 2013 and has had its credit rating raised from negative to stable by Moody’s1–a rating that has been maintained for 2014 – there are concerns that new regulations to be issued by the Central Bank of the UAE (CBUAE) in line with international best practices such as Basel III, may end up constraining the activities of certain types of financial institutions.