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#AbuDhabi Global Market sets up ADGM Authority; names new CEO | ZAWYA MENA Edition

Abu Dhabi Global Market sets up ADGM Authority; names new CEO | ZAWYA MENA Edition ADGM Authorities Blg from SouthSide.Abu Dhabi Global Market/Handout via Thomson Reuters Zawya Abu Dhabi Global Market (ADGM), the international financial centre in the emirate, has approved setting up the ‘ADGM Authority’ and named Mark Nicholas Cutis as its chief executive officer.The new authority will play a pivotal role in driving ADGM’s growth by leveraging the trends emerging across the internati...
Tags: Travel, Abu Dhabi Global Market, ADNOC, Rupert Neil Bumfrey, ADGM, Cutis, Abu Dhabi Investment Council, AbuDhabi Global Market, ADGM Authority, Abu Dhabi Global Market Handout, Thomson Reuters Zawya Abu Dhabi Global Market ADGM, Mark Nicholas Cutis


#UAE Appoints Veteran Al Tameemi as Central Bank Governor - Bloomberg

UAE Appoints Veteran Al Tameemi as Central Bank Governor - BloombergThe United Arab Emirates appointed financial services veteran Khaled Mohammed Al Tameemi as the Gulf nation’s central bank governor as it plots a way out of the pandemic-driven economic downturn.Al Tameemi, who has worked in banking and financial services for more than three decades, previously held the central bank’s vice chairman post. He was previously a board member at the General Pension and Social Security Authority, and a...
Tags: Travel, Wam, United Arab Emirates, International Monetary Fund, Uae, Gulf, Central Bank, U S Federal Reserve, Arab Gulf, Rupert Neil Bumfrey, BloombergThe, Abu Dhabi Investment Council, Abdulhamid Saeed Alahmadi, Al Tameemi, Central Bank Governor Bloomberg, Khaled Mohammed Al Tameemi


Abu Dhabi boosts Al Hilal Bank's capital by Dh400m, CEO says  - The National

Abu Dhabi boosts Al Hilal Bank's capital by Dh400m, CEO says  - The National:Abu Dhabi has increased the share capital of its wholly-owned Al Hilal Bank by Dh400 million, a timely boost for the Islamic lender, which is modernising its branch network and investing in technology.The increase in capital by the Abu Dhabi Investment Council, the state-owned firm that has tied-up with Mubadala Investment Company, was granted in June, Alex Coelho, the Al Hilal chief executive, told The National. Al Hil...
Tags: Travel, Abu Dhabi, Al Hilal, Coelho, Rupert Neil Bumfrey, Mubadala Investment Company, Abu Dhabi Investment Council, Al Hilal Bank, Alex Coelho, The National Al Hilal


Abu Dhabi to combine two sovereign wealth funds into new $200bn vehicle

Abu Dhabi to combine two sovereign wealth funds into new $200bn vehicle:"Abu Dhabi is consolidating two of its leading sovereign wealth funds into a $200bn vehicle, deepening financial consolidation in the oil-rich emirate. Sheikh Mohammed bin Zayed Al Nahyan, the crown prince and de factor ruler of the emirate, said Abu Dhabi Investment Council would join Mubadala Investment Company group, which last year merged with the International Petroleum Investment Company, or Ipic. “An investment vehicl...
Tags: Travel, United Arab Emirates, Abu Dhabi, Sheikh Khalifa bin Zayed Al Nahyan, Mohammed bin Zayed Al Nahyan, ADIA, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Mubadala, Ipic, Mubadala Investment Company, International Petroleum Investment Company, Abu Dhabi Investment Council


UAE President orders restructuring of Abu Dhabi Investment Council | GulfNews.com

UAE President orders restructuring of Abu Dhabi Investment Council | GulfNews.com:"President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has issued, in his capacity as the Ruler of Abu Dhabi, a law restructuring Abu Dhabi Investment Council, ADIC, whereby it will become part of the Mubadala Investment Company group. In this regard, His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, Chairman of the Abu Dhabi Executive...
Tags: Travel, Abu Dhabi, Uae, UAE Armed Forces, Presidential Affairs, Abu Dhabi Executive Council, Shaikh Mansour Bin Zayed Al Nahyan, Rupert Neil Bumfrey, Mubadala Investment Company, Shaikh Khalifa Bin Zayed Al Nahyan, Abu Dhabi Investment Council, Abu Dhabi Investment Council ADIC, Mubadala Investment Company Board of Directors, ADIC, Mubadala Group


Abu Dhabi weighing sale of 24 pct stake in insurance firm ADNIC-sources

Abu Dhabi weighing sale of 24 pct stake in insurance firm ADNIC-sources:"State-backed Abu Dhabi Investment Council is weighing the sale of its nearly 24 percent stake in Abu Dhabi National Insurance Co (ADNIC), with Allianz among groups showing initial interest in buying it, sources familiar with the matter said. If the deal goes ahead, it will further boost Allianz’s presence in emerging markets and give the global insurer a stronger position in the United Arab Emirates (UAE), a market seen as ...
Tags: Travel, Abu Dhabi, State, Allianz, United Arab Emirates UAE, Rupert Neil Bumfrey, ADNIC, Abu Dhabi Investment Council, Abu Dhabi National Insurance Co ADNIC



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