UAE's Strategic Push in Financial Services

The UAE is prioritizing financial services for growth, with intentions to reform company law to foster improvement. Minister Mohamed Hassan Alsuwaidi emphasized the sector's potential at an Abu Dhabi conference, while Saeed Al Awar noted increased local investment pursuits by global private equity firms.

The UAE is setting its sights on financial services as a key growth area, according to Minister of Investment Mohamed Hassan Alsuwaidi. He addressed the sector's importance during a conference in Abu Dhabi.

Alsuwaidi emphasized the need for reforms in company law to accelerate the industry's development. "Enhancing company law is a focus," he said, underscoring the areas requiring improvement.

Saeed Al Awar, from Rothschild & Co, noted that global private equity firms are increasingly interested in local opportunities, further highlighting the UAE's financial landscape potential.