In presence of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Mr Xi Jinping, President of the Peoples Republic of China, Abu Dhabi Global Market (ADGM
), the International Financial Centre in Abu Dhabi, announced key collaborations and ties with strategic Chinese institutions during the state visit by the Abu Dhabi State Leader and his Ministerial delegation to the Peoples Republic of China.
The new enterprise will pursue opportunities that satisfy a mandate of establishing a hub for pioneering companies to locate at ADGM
, to generate attractive returns while having a positive impact on the ADGM
Abu Dhabi Global Market (ADGM
), the award-winning International Financial Centre, and OneConnect Financial Technology Co.
The award reflects ADGMs
remarkable growth, its progressive legislative regime and the innovative initiatives across all three of its authorities, the Financial Services Regulatory Authority (FSRA), the Registration Authority and ADGM
Courts, as exceptional accomplishments of an International Financial Centre (IFC).
Recognising this and to further support innovation, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM
) is pleased to announce and welcome local and global applications to establish digital banks in its International Financial Centre based in Abu Dhabi, capital of the United Arab Emirates.
Richard Teng, CEO of Financial Services Regulatory Authority of ADGM
said, These amendments reflect ADGMs
continuous commitment as an international financial centre, to provide a safe regulatory environment and adopt a stringent and effective financial crime prevention supervisory framework, which supports the UAEs efforts to combat money laundering and terrorist financing activities.
Plug and Play, the largest global innovation platform, and Abu Dhabi Global Market (ADGM
), the leading international financial centre based in Abu Dhabi, today announced Etihad Airways, the national airline of the UAE, and the Department of Culture and Tourism - Abu Dhabi as the founding corporate partners for their new Travel and Hospitality accelerator program.
The Plug and Play ADGM
team, Etihad Airways and the Department of Culture and Tourism - Abu Dhabi will be working together to dictate the focus of the program based on their current use cases and curating a selection of highly rated startups sourced via their global network.
Chief Justice of ADGM
Courts, Lord David Hope commented: The ADGM
Notary PublicOffice is a very significant and much-welcomed addition to ADGM
Courts role in supporting ADGMs
community with business related services.
Abu Dhabi Global Market (ADGM
), the International Financial Centre in Abu Dhabi, is pleased that the World Bank will be establishing its office in ADGM
on Al Maryah Island.
In 2017, ADGM
established the Financial Crime Prevention Unit (FCPU) to promote sound practices in financial crime prevention, including AML/CFT as well as compliance with international tax reporting obligations.
Umair Hameed, Financial Services Advisory Partner, KPMG - It is very encouraging to see ADGMs
initiative bringing together public- and private-sector entities to collaborate and drive innovation in the UAE.