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As part of its initiative to enhance investor awareness, the Securities and Commodities Authority (SCA) held a seminar titled “Identifying Successful Fiscal Strategies of UAE-Based Public Companies". The seminar was delivered by Dr. Abdullah Mohammed Al Awadi, who obtained his PhD in Business Administration from the College of Business and Economics of the United Arab Emirates University.
At the seminar, Dr. Al Awadi stressed the importance of financial market stability by measuring market's contribution to the national economy and its significance to economic growth and trying to use the correlation between them to improve market performance and the national economy as a whole by putting forward recommendations and national policies.
Dr. Al Awadi explained how different fiscal strategies lead to different performance results under various economic conditions. In this context, he examined the impact of the 2008 financial crisis on the national economy. Addressing the seminar from a financial perspective, Dr. Al Awadi examined the impact of the adopted fiscal strategies being factors influencing the performance of public companies operating in the UAE on the short-, medium-, and long-terms. He said that those factors have been subject to further verification to measure their immediate impact on corporate performance. He added that based on data analysis and the correlation between factors, a combination of dynamic fiscal strategies, which would ensure stability and assist public companies in overcoming hardships and volatile economic conditions, has been identified. Dr. Al Awadi argued, based on the findings, that corporate success is linked to the close relationship between the adopted fiscal strategies and their impact on corporate performance.
From the economic perspective, on the other hand, Dr. Al Awadi discussed how the UAE economy was affected by the global financial crisis after its onset and the time that took the national economy to recover and return to pre-crisis performance levels.
