ADGM in a Month: November 2023!
ADGM reports record-setting Q3 2023 numbers, showcasing unprecedented growth in asset management, operational entities and workforce. This firmly establishes ADGM as the region's fastest-growing IFC and reinforces its role as a key contributor to Abu Dhabi's economic vision and diversification objectives.
2. ADGM Represents Capital of Green Capital at COP28: Set to host Abu Dhabi Sustainable Finance Forum
ADGM is set to host the 6th edition of the Abu Dhabi Sustainable Finance Forum (ADSFF) during COP28 UAE on 4 December 2023. Under the theme "Finance, Trade & Gender Equality," this event, held during Abu Dhabi Sustainability Week - ADSW, will focus on four key pillars: green capital markets, financing innovation, green carbon markets and an unbiased climate transition. ADSFF at COP28 will act as a global platform to convene the most important international leaders and commit to filling the global gap in climate financing and representing the UAE and #AbuDhabi as a ‘Capital of Green Capital’.
3. ADGM welcomes Al Reem Island businesses to its community
ADGM welcomes Al Reem Island businesses to its growing community. Starting from 1 November 2023, businesses aspiring to establish their presence on Al Reem Island are now required to submit licence applications to ADGM, marking the official commencement of operations on the island. Existing Al Reem Island businesses will receive an exemption from ADGM’s registration, licensing requirements and regulations until 31 December 2024. This strategic expansion solidifies ADGM's position as one of the world's largest financial districts, unlocking new opportunities for its community, aligning with Abu Dhabi's economic vision and ADGM’s growth strategy.
4. 10,000 Financial Leaders from 100+ Countries in Abu Dhabi to Debate ‘Investing in a Transition Era
ADFW2023, held from 27-30 November, delved into the future of finance with industry leaders and pioneers. This global gathering of 10,000 financial leaders from 100+ countries redefined the financial landscape, featuring over 40 events and 180 unique sessions exploring the impact of AI, social media, rapidly evolving investment fund strategies, and many more crucial topics.
5. ADGM's FSRA and The Hong Kong Monetary Authority (HKMA)) signed an MoU
ADGM's FSRA and The Hong Kong Monetary Authority (HKMA)) signed an MoU to strengthen their existing collaboration in fintech, particularly in the areas of cross-border trade-related data exchange and business collaboration. This collaboration solidifies ADGM's status as a leading global hub for fintech development.
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6. ADFW Opening Ceremony
Recapping the exhilarating start to #ADFW2023! We stepped into the heart of ADGM, where excitement sparked the kickoff of Abu Dhabi Finance Week. Together, we embarked on a transformative journey, shaping the future of finance and fostering a sustainable global economy.
7. ADGM's FSRA publishes a Discussion Paper on IT Risk Management
ADGM's FSRA publishes a Discussion Paper on IT Risk Management, outlining the FSRA's commitment to enhancing regulatory standards by introducing comprehensive IT Risk Management Guidance, reviewing existing rules, mandating standardised reporting of material incidents and facilitating the adoption of regulatory technologies. This pivotal move underscores ADGM's efforts to foster a more resilient ecosystem and a robust and secure IT environment in the financial sector.
8. ADGM's FSRA has released its Business Plan for 2024
ADGM's FSRA has released its Business Plan for 2024, outlining its strategies and priorities in financial services regulation. Learn how the FRSA continues to play a pivotal role in providing opportunities for growth through a robust and comprehensive regulatory framework, based on international standards.
9. Offset 8 Capital Secures In-Principle Approval from ADGM to Sponsor the First Carbon Credit Fund in the Middle East
Offset8 Capital secures ADGM’s In-Principle Approval and partners with FundRock (ME) LTD to sponsor the first carbon credit fund in the Middle East.
10. ADGM Office of Data Protection publishes Addendum to EU Standard Contractual Clauses
ADGM becomes first in the region to adopt an Addendum to EU Standard Contractual Clauses for data transfers. The Addendum supports seamless operations for businesses established in both ADGM and the EU, facilitating cross-border transfers, reducing costs, duplication and effort by ADGM entities.
11. Episode 10 of ADGM THINK - Special ADFW Preview Edition
As fever pitch takes hold for the upcoming edition of ADFW, this special edition of ADGM THINK gives a snapshot view of the week to our audience, and a glimpse of the most anticipated speakers and sessions to watch out for. We sit down with Chris Hughes, Editor-in-Chief of ADFW and Afra AlRashdi, Head of Partnerships, to talk through how ADFW is attracting the leaders of the worlds top financial institutions, gathering to discuss the Falcon Economy and Investing in the Transition Era.
Accountant @ Card Palace | Tally ERP, QuickBooks
1 年This is a huge growth
Senior Executive Officer @ EL DORADO CAPITAL-DIFC
1 年Huge growth and potential ??