#ADGM
The platform is designed to reduce processing times while ensuring robust security and full regulatory compliance
The fee updates follow a series of consultations with the ADGM business community in 2023, focusing on expanding the jurisdiction and improving the ease of doing business
Golub, which had more than $70bn of capital under management as of October 1, has received preliminary approval for a licence to operate out of the Abu Dhabi Global Market
The $63bn assets management firm will join other global asset managers and hedge funds in setting up in the ADGM
The total number of operational entities within ADGM’s jurisdiction jumped to 2,251, a robust 31 per cent year-on-year growth
With more than 2,000 entities, including 231 financial services firms, ADGM remains the MENA region’s only financial centre applying English Common Law directly
The New York-based private equity firm received preliminary approval for a license to operate out of the Abu Dhabi Global Market
The investment management firm said it has served clients in the Middle East for many years, but Abu Dhabi office would be its first in the region
Finstreet’s subsidiaries – Finstreet Global Market, Finstreet Global Clearing and Settlement, and Finstreet Capital – have received financial services permissions from ADGM’s FSRA
The financial hub issued 1,271 new licences in H1 2024, a 20.5 per cent increase compared to the corresponding period a year ago
Insurers face significant challenges related to climate change, impacting both value creation and emissions reporting
The revised fee structure will apply to all categories of licences and will be effective from the start of next year
Entities within the centre are required to implement proportionate arrangements to support effective whistleblowing by May 31, 2025
The regulator said the probe was closely coordinated between the FSRA and the Dubai Financial Services Authority
The financial hub said the total number of operational entities jumped by 30 per cent to reach 1,950
A total of 102 asset managers, comprising investment firms and hedge funds, who manage 141 funds have set up shop in Abu Dhabi
Jason Hughes, senior executive officer of eToro Middle East tells us that Abu Dhabi offers a supportive business ecosystem and a fertile investment landscape that drives growth
Masdar will partner with ADGM to host the forum as part of the special edition of Abu Dhabi Sustainability Week at COP28
This newly implemented legislative structure is designed to provide a comprehensive framework for DLT Foundations and decentralised autonomous organisations
The overseas office brings the bank closer to the front lines of its sustainable development work in the Middle East and Africa
The financial hub said a total of 102 asset managers, comprising investment firms and hedge funds, have set up shop in the city
Abu Dhabi Catalyst Partners is a joint venture between Mubadala Capital and Alpha Wave Global
The regulations adopt some Abu Dhabi onshore tourism legislation to provide a better regulatory framework for hotels and tourism companies in ADGM
The framework complements ADGM’s existing regulation of carbon offsets, facilitating the establishment of the world’s first regulated carbon offsets exchange and clearing house
The UAE Cabinet’s resolution has expanded ADGM’s jurisdiction to Al Reem island in addition to Al Maryah island
The Dalio Family Office helps handle the billionaire’s private investments as well as his philanthropic donations
VARA has come out with detailed regulations and rulebooks for the virtual assets sector, indicating just how fast things are moving
Last year, several ADGM-based companies listed on ADX including Borouge, Burjeel Holdings, Bayanat AI and Americana Restaurants while Anghami completed its listing on NASDAQ
The entities will jointly drive UAE national work placements and offer finance training, SME financing platforms, a fintech sandbox and corporate innovation programmes
The Abu Dhabi Global Market-based joint venture aims to collectively deploy up to Dhs9bn over the next five years