Tuesday, 02 January 2024 12:17 GMT

KEY ROLE FOR ABU DHABI’S BANKING SECTOR IN DRIVING SUSTAINABLE GROWTH


(MENAFN- Oxford Business Group) Oxford Business Group signs MoU with UAE Banks Federation for 2023 report

Abu Dhabi, March 2023: Abu Dhabi’s advancing efforts to diversify its economy and shift the focus towards knowledge-led industries will be mapped out in a report soon to be published by the global research and advisory company Oxford Business Group (OBG).

The Report: Abu Dhabi 2023 will explore the latest developments in Vision 2030, the emirate’s long-term economic roadmap, and corresponding investment opportunities, which include openings in key, high-value-added segments of the economy.

With the federal budget now approved, the report will also analyse the public spending priorities set for the next three years and their implications for broader economic growth.

The UAE Net Zero by 2050 strategic initiative will be another focus, with extensive coverage of the ESG-related investment opportunities emerging in key segments such as waste, agri-tech and renewables.

OBG has signed a first-time memorandum of understanding (MoU) with the UAE Banks Federation (UBF) as it begins work on The Report: Abu Dhabi 2023. Under the agreement, the UBF will team up with OBG to produce the Banking Chapter of the report and other content for the Group’s suite of research tools.

The MoU was signed by Gita Evele, OBG’s Country Director for Abu Dhabi; and Jamal Saleh, UBF’s Director General.

Commenting after the signing, Saleh said, “We are delighted to partner with Oxford Business Group (OBG), research and consulting firm that provides strategic analysis and insight across industries and economies, and look forward to OBG delivering in-depth analysis of UAE banking/finance industry for OBG's 2023 edition. This partnership with OBG reflects our commitment to promoting transparency and providing reliable information on banking and finance in the UAE.”

Welcoming the UBF on board, Evele said the partnership would undoubtedly bring an added dimension to OBG’s analysis of Abu Dhabi’s banking sector and broader growth story.

“The emirate’s banks made a robust recovery following the pandemic, signalling their resilience and ability to withstand external shocks,” she said. “As a key professional representative body, the UAE Banks Federation has been instrumental in supporting the sector’s development and steering it towards long-term growth, aligned with the goals laid out in Vision 2030. I’m thrilled that our analysts and, ultimately, our subscribers, will benefit from the depth of knowledge and expertise of its representatives.”

The Report: Abu Dhabi 2023 will be produced with the UBF and other partners. It will contain contributions from leading personalities in the public and private sectors.

The Report: Abu Dhabi 2023 will mark the culmination of several months of field research by a team of analysts from Oxford Business Group. It will be a vital guide to the many facets of the emirate, including its macroeconomics, infrastructure, banking and other sectoral developments.

It will be available online and in print. The report will form part of a series of tailored studies that OBG is currently producing with its partners, alongside other highly relevant, go-to research tools, including ESG and Future Readiness reports, country-specific Growth and Recovery Outlook articles and interviews.

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Oxford Business Group

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