The United Arab Emirates takes the lead in the MENA region, moving up to 12th position in global economy, according to the global competiveness report 2014 - 2015. At the same time, the country has successfully won the bid for Expo 2020... more
The United Arab Emirates takes the lead in the MENA region, moving up to 12th position in global economy, according to the global competiveness report 2014 - 2015. At the same time, the country has successfully won the bid for Expo 2020 and its strong driver toward reformation has anchored many initiatives to enhance competitiveness. With a theme of “Connecting Minds, Creating the future, the Expo 2020 will be focusing on three sub themes of Opportunity, Mobility and Sustainability.” The trio is based on sound investment policy which in turn is determined by the existing condition and future projection of financial institutions, especially banks. Since the advent of the coupling effect of recession in UAE, the banking industry was on rampant deleveraging and continuous butting with balance sheet repairs, has finally surmounted the bad phase. The banks are now blushed with cash due to the channelization of capital inflows into UAE due to low interest rate and easy banking policy in t...
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The global financial crises and its coupling effect in various countries has soured the balance sheet and paralyzed the financial health of the industries across the globe. This resulted in collapse of many large banks and financial... more
The global financial crises and its coupling effect in various countries has soured the balance sheet and paralyzed the financial health of the industries across the globe. This resulted in collapse of many large banks and financial institutions around the world. UAE had been affected by the last financial crisis (recession period 2007-2009), the paper revolves the diagnosing of the financial health of the financial institutions and their health indicators related with banking and finance using dual-classification scheme (Multinomial Logistic Regression Analysis and Binary Logistic Regression Analysis); in order to obtain a model with high accuracy rates. The dependent variable is financial health probability with 8 levels of health according to three criteria of unhealthy symptoms. The independent variables are only accounting information (Financial Ratios). The sample is extracted from the financial statements of 23 listed national financial institutions (according to UAE-SCA (Sec...