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Oxford Business Group (OBG), the global publishing, research and consultancy firm, has teamed up with the National Bank of Abu Dhabi (NBAD), the leading bank in the United Arab Emirates, for the sixth consecutive year as it begins the groundwork for its new report on the Emirate’s economy.
As part of the collaboration, NBAD will pool resources with OBG’s research and editorial team to produce the Banking Chapter of The Report: Abu Dhabi 2011, the Group’s forthcoming business guide which will highlight the Emirate’s investment opportunities.
NBAD, which was ranked as one of the top 50 safest banks in the world by Global Finance in 2009 and 2010 and awarded as the Best Bank in the UAE by Euromoney in 2009 and 2010, has 113 branches and 450 ATMS in the UAE. The Bank’s overseas network spans the GCC, Asia, Africa, Europe and the US. It offers various banking services across the consumer and corporate markets, providing fund management, brokerage, financial markets, leasing, property management and private banking business services.
OBG’s Country Director, Michelle Solomon, said that Abu Dhabi’s general framework for economic growth, the Economic Vision 2030, highlighted the key role earmarked for the banking sector as the Emirate looks to tap foreign investors for infrastructure and tourism projects on the back of global economic recovery.
“With their high levels of liquidity, the UAE’s banks are well placed to finance a number of major projects in line with the Emirate’s bid to bring the private sector centre stage,” she said. “The National Bank of Abu Dhabi is recognised as a leading player in the UAE and its experts are well versed in doing business both locally and on an international level. I am delighted that the Bank will once again provide us with its valuable input on the banking sector which forms a key component in Abu Dhabi’s economic development.”
The Group Chief Executive of NBAD Michael Tomalin said that Abu Dhabi’s efforts to diversify the Emirate’s economy away from hydrocarbons and step up its bid to attract foreign investment had put the banking sector in the spotlight.
“These are exciting times for the UAE’s banks, with financial services identified in the Abu Dhabi Vision 2030 roadmap as one of the sectors earmarked for growth and a number of local players eyeing international expansion,” he said. “I look forward to analysing these significant developments with Oxford Business Group, which is known to be a market leader on emerging economies, and relaying the Emirate’s new wave of investment opportunities to business leaders in The Report: Abu Dhabi 2011.”
The Report: Abu Dhabi 2011 will be a vital guide to the many facets of the Emirate, including its macroeconomics, infrastructure, political landscape, banking and other sectoral developments. The forthcoming publication will include a detailed, sector-by-sector guide for foreign investors, together with special analysis marking the 40th anniversary of the UAE. It will also feature a variety of interviews with the most prominent political, economic and business leaders, including the Secretary General of the United Nations Ban Ki-moon and the British Foreign Secretary William Hague. The Report: Abu Dhabi 2011 will be available in print form or online.
About Oxford Business Group
Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic and political intelligence on the markets of the Middle East, Africa, Asia, Eastern Europe and the Caribbean. Through its range of print and online products, OBG offers comprehensive and accurate analysis of political, macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms. The Report: Abu Dhabi 2011 is produced in partnership with the National Bank of Abu Dhabi (NBAD) and Abu Dhabi Islamic Bank (ADIB).
The critically acclaimed economic, political and business reports have become the leading source of business intelligence on developing countries in the regions they cover. OBG’s online economic briefings provide up-to-date in-depth analysis on the issues that matter for tens of thousands of subscribers worldwide. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.
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