Economy Middle East’s Post

On the first day of ADFW 2024, our MD and GCEO, H.E. Mohamed Hassan Alsuwaidi, delivered the opening address at the Abu Dhabi Economic Forum. He emphasized the Emirate's dual role as both an importer and exporter of capital and its growing influence as a dynamic hub for business and investment. Our GCIO, Dr. Jaap Kalkman, joined a fireside chat with Chris Hughes, Editor-in-Chief of Abu Dhabi Finance Week, to discuss how growth markets are now emerging as both providers and recipients of global capital flows, a position once held by advanced economies.   As Headline Partner for the 2024 and 2025 editions, ADQ is committed to supporting Abu Dhabi Finance Week as a convening platform for meaningful conversations that will shape the future of investment. #ADQ #AbuDhabi #InvestingInGrowth #Finance #GlobalEconomy

As we celebrate today Eid Al Etihad 🇦🇪, I can’t help but look at the amazing strides this nation’s capital markets have been making, all thanks to the rulers of the emirates. The biggest news - UAE stock markets have hit $1 trillion in market capitalization, primarily driven by initial public offerings. Both Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) are attracting significant investment. 🇦🇪 The combined value of the UAE's stock markets has reached the significant milestone, with the Abu Dhabi Securities Exchange (ADX) contributing $801 billion and the Dubai Financial Market (DFM) adding $206 billion to this achievement 🇦🇪 The UAE’s debt capital markets grew by 13.1% YoY in Q3 2024, reaching a total of USD294.4 billion What are your thoughts on the growing capital markets in the region? #nationalday #eidaletihad #capitalmarket #UAE #IPO #EidAlEtihad53

Abu Dhabi Global Market (ADGM), the international financial center (IFC) of the UAE’s capital, marked a record-breaking start in the first quarter of 2024, with a 211% increase in Assets Under Management (AUM) compared to the same period in 2023. The growth trajectory of ADGM’s AUM, coupled with a significant increase in the number of operational entities, size of workforce, and other elements of the IFC ecosystem during Q1 2024, underscores the concerted efforts and strategic initiatives undertaken to strengthen its position as a leading international financial hub. Read more: https://lnkd.in/dZQBBnTU #UAE #AbuDhabi #AUMs #Finance #FinancialCenter #IFC

Looking forward to the launch of ADFW Capital Markets Forum at the Abu Dhabi Finance Week, which will be a showcase of the investment thesis of some of Abu Dhabi’s most interesting industrial and service companies, being traded on the public markets. See you there ! #ADFW #capitalmarkets #abudhabifinanceweek #gripinvestments

Paromita Dey's recent post highlights key developments from Abu Dhabi Finance Week (ADFW), offering valuable insights into the evolving financial landscape of the GCC and MENA regions: a. New Digital Bank Launch in Abu Dhabi (Q1 2025): A new digital bank set to launch in Abu Dhabi signals the rapid digital transformation in the region’s financial sector. With growing demand for tech-enabled services, this launch reflects a global trend of embracing technology for personalized, accessible, and efficient banking. The new bank, established by a non-banking financial company (NBFC), highlights the increasing integration of traditional and alternative financial services, offering diverse and inclusive financial solutions. b. Talent Sourcing Challenges: A senior Deutsche Bank executive pointed out difficulties in hiring locally, preferring to relocate talent rather than sourcing domestically. This reflects a skills gap in the GCC, where, despite investment in education and professional development, the financial sector struggles to cultivate the expertise needed for a rapidly growing industry. This gap may prompt more initiatives to enhance training programs or attract international talent to bridge this shortage. c. Private Markets Success at ADGM: A private markets specialist in Abu Dhabi Global Market (ADGM) has successfully raised $20 billion for US investments, emphasizing the region’s growing role as a financial hub. ADGM’s strategic position and progressive regulations continue to attract significant capital, reflecting a strong confidence in MENA financial institutions to manage large-scale international investments. In conclusion, Dey’s post illustrates the dynamic growth of the GCC financial sector, driven by digital banking innovation, challenges in talent acquisition, and success in global private markets. These insights underline the importance of adaptability in maintaining competitiveness in a rapidly evolving financial ecosystem. #ADFW2024 #AbuDhabiFinance #DigitalBanking #TalentAcquisition #PrivateMarkets #GCCFinance

Off-the-record highlights from Abu Dhabi Finance Week ADFW: - A new digital bank is set to launch in Abu Dhabi in Q1 2025, established by an NBFC incorporated in the mainland. - A senior executive at Deutsche Bank mentioned the challenges of hiring locally in the region, noting that it’s easier to relocate talent from abroad than to source it domestically. - A private markets specialist based in ADGM has successfully raised $20 billion to date for investments in the US. #ADFW2024 with MONIIFY

Abu Dhabi Global Market (ADGM) emerged as the region’s fastest growing international financial center for two consecutive years in 2023, with assets under management growing by 35%. At the Economy Middle East Summit 2024, ADGM received a plaque of recognition as the “Fastest Growing International Financial Centre”.  #EconomyMiddleEast #EconomyMiddleEastSummit #AcceleratingFutureGrowth

CMM is a proud sponsor of the AVPN conference 2024 taking place 23-25 April in Abu Dhabi. Catch Sharifatul hanizah ali, Executive Director, Islamic Capital Market Development, Securities Commission Malaysia on the panel on Fostering Social Change: The Role of Islamic Finance on 24 April. Looking forward to catching up with our stakeholders in the UAE. Let us know if you will be at the event too! #socialfinance #venturephilantrophy #islamicfinance #socialimpact #socialexchange #capitalmarkets #malaysia

We are pleased to share insights from a recent roundtable held in Abu Dhabi, titled "Navigating Tomorrow: Unlocking Treasury Potential." In partnership with ADGM and Zanders. This event brought together industry leaders to discuss the evolving landscape of treasury management and its implications for tomorrow's financial strategies.    Davy Buffel, a key participant, provided valuable feedback on his experiences throughout the day. He emphasized the importance of closed roundtable discussions, noting the unique opportunities for meaningful dialogue with a select audience, which can lead to actionable insights and collaborative solutions. A particularly noteworthy topic during the discussions was the role of artificial intelligence as a treasury tool. Davy highlighted the growing importance of incorporating AI into treasury operations and reflecting on his personal development journey, identifying areas within his skill set that he aims to enhance in light of emerging trends.    We invite you to listen to his candid conversation with Bhairav Mehta from the Middle East, where they delve into these topics and share profound insights that are sure to resonate across the treasury community. Amine Bel Hadj Soulami Fabio Sarao Francois Regnier Mohit Manocha Rudolf Maelzer Alain Mankeriuse Waël Emadaldin Clément Blondet Jan Dirk van Beusekom Christophe Onraed Laylah Higgins Mohamed Charrak محمد شراك BNP Paribas Omar Lazrak Dina Kasrawi Aravind Menon Chadi Safi Pierre-Alexandre Ehrmann George GROZAVU Issam Akel #AIforTreasury #BNPParibas #ADGM #Zanders #ESG https://lnkd.in/eX4sjwXE

The region's largest hypermarket company is believed to have appointed Emirates NBD Capital and ADCB as lenders. Bloomberg reports that LuLu Group International has appointed banks to manage its IPO, which is expected to raise $2 billion. A planned offering is being coordinated by Emirates NBD Capital, Abu Dhabi Commercial Bank (ADCB), Citigroup Inc and HSBC Holdings plc, with Moelis & Co acting as independent financial advisors. The listing is expected to take place in the second half of the year on Abu Dhabi Securities Exchange ( ADX). A LuLu international headquarters is located in the emirate. In addition to its 260 stores in the GCC, Bloomberg reported that the company is also considering a dual listing on the Saudi Arabian stock exchange Tadawul. #uae #dubai #abudhabi #ipo #ipos #stocks #emirates #bank #gcc #banks #finance #finances #economy #funds #fund #funding Source - Bloomberg, Zawya