Oxford Business Group signs Memorandum of Understanding with Emirates NBD for forthcoming publication

2 Min | 21 October 2013

Oxford Business Group signs Memorandum of Understanding with Emirates NBD for forthcoming publication

Dubai, 21 October 2013: The key role that a strengthened regulatory regime governing Dubai’s banking sector is playing in bolstering investor confidence will be put under the microscope in a forthcoming report to be published by the global publishing, research and consultancy firm Oxford Business Group (OBG).

The Report: Dubai 2014 will explore the impact that caps on lending aimed at avoiding concentration risks will have on financing options for businesses. It will also consider the challenges the government faces in shoring up support for small and medium-sized enterprises (SMEs) which are struggling to obtain funding.

OBG has signed a Memorandum of Understanding (MOU) on research facilities for a fifth year with Emirates NBD to document the latest economic developments taking place in Dubai. Under the MOU, OBG will have access to the bank’s expertise and research resources which will be used to compile the Banking Chapter of The Report: Dubai 2014.

OBG’s Regional Editor Oliver Cornock said he expects the partnership with Emirates NBD to chart the changing landscape of Dubai’s financial services sector as the new regulations bed in. “We will also explore the challenges start-ups and smaller businesses are facing in accessing credit, a key issue given the role they are anticipated to play in the emirate’s diversification efforts,” he said. “I am delighted our team will be building on its partnership with Emirates NBD to explore these and the many other important issues affecting the sector.” Mr. Hesham Abdulla Al Qassim, Emirates NBD’s Vice Chairman, said a number of developments confirmed that Dubai’s efforts to win back investor confidence were paying off, led by its strong showing within the GCC in the US dollar-denominated bond market. “Reforms and debt restructuring have paved the way for Dubai to tap investment for emerging sectors of its economy such as its dedicated free zones, which will drive forward the emirate’s expansion efforts,” he said. “I look forward to working closely with Oxford Business Group to document the key part that Dubai’s banking sector is earmarked to play in the next phase of Dubai’s development.” The Report: Dubai 2014 will be a vital guide to the many facets of the emirate, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will be available in print or online.

About Oxford Business Group

Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of the Middle East, Africa, Asia and Latin America. Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms. The Report: Dubai 2014 is produced with research assistance from Emirates NBD.

The critically acclaimed economic 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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