Economy Middle East’s Post

Abu Dhabi Global Market: A Record-Breaking Year 🚀 In 2023, Abu Dhabi Global Market (ADGM) affirmed its status as the UAE’s premier financial hub, marking its second consecutive year as the region's fastest-growing financial center. With a 35% rise in Assets Under Management, an influx of global asset managers, and operational entities increasing by 32%, ADGM now hosts giants like Blackstone and Goldman Sachs. The ADGM Financial Services Regulatory Authority’s enhanced framework supported this growth, aligning with Abu Dhabi’s broader economic vision to position the city as a world-class financial leader. 💻https://lnkd.in/ebgu9Epg #FinancialGrowth #GlobalMarkets #AbuDhabi #InvestmentHub #ADGM #AssetManagement #UAEFinance #CapitalOfCapital

FSA unveils new systems to enhance investor experience on MSX MUSCAT: The Financial Services Authority (FSA) is set to introduce new systems and digital applications aimed at streamlining the investor experience on the Muscat Stock Exchange (MSX). This announcement was made during the 22nd session of the Oman Economic Association’s Economic Council, where FSA Deputy CEO Ahmed bin Ali al Maamari shared insights on the authority’s ongoing initiatives to enhance Oman’s capital market and attract a wider pool of investors. Read more: https://lnkd.in/dTnqxM8Z Muscat Stock Exchange S.A.O.C @Financial Services Authority #FSA #CapitalMarket #NewSystem #DigitalApplication #Initiative #Oman #OmanBiz

#GlobalSWF - Global ranking of cities in terms of capital managed by their Sovereign Wealth Funds "SWFs" (8th October) "● SWFs managed US$ 12.5 trillion in assets as of October 1, 2024, with six cities representing two-thirds of the resources, and #AbuDhabi securing the top spot as the Capital of Capital. ● In addition to financial capital, Abu Dhabi also leads when it comes to #humancapital, i.e., personnel employed by SWFs of that particular jurisdiction, with 3,107 staff among the above-mentioned funds. ● This aligns well with the flurry of financial institutions registering in ADGM’s financial-free zone – as many as 68 this year so far, according to Global SWF estimates. ● Today, Abu Dhabi SWFs are not only the most sizeable but also the most #active in the region and globally. In the first three quarters of 2024, #ADIA, #Mubadala, and #ADQ invested US$ 36 billion in deals across the world, i.e., two-thirds of what all #Gulf SWFs invested, and 26% of what all SWFs globally invested in that period." Link: https://lnkd.in/dbxEruk8

BHM Capital, the leading financial institution in the capital markets of UAE, has secured the largest share and is ranked first in attracting and opening new investor accounts as of November end, with some 37,000 accounts.   According to the data published on the Dubai Financial Market (DFM) website, this achievement comes amid strong investor demand—both from individuals and institutions—for the recent listings introduced in the market during the year 2024. Read more on https://lnkd.in/eXuzx7Ft #ABCgcc

Impressive Investments

ADGM, the global finance hub of the UAE’s capital, continues its remarkable ascent, reporting outstanding performance in H1 2024. As the region's fastest-growing financial center and the only jurisdiction applying English Common Law, ADGM's achievements are pivotal in expanding Abu Dhabi's financial landscape. ADGM is increasingly becoming a global magnet for asset management firms, outstanding talent, and investments, and is a cornerstone in cementing Abu Dhabi’s position as the ‘Capital of Capital’. The asset management sector within ADGM continues to thrive, with a notable surge in AUM, global asset managers, firms and funds being anchored. In the first six months of 2024, AUM grew by 226% compared to the same period last year. Read more: https://lnkd.in/e86ACgVD #ADGM #AbuDhabi #Growth #GlobalFinance #EconomicGrowth #AUM #CapitalofCapital

🚀 CFI Expands Its UAE Presence to Abu Dhabi! We’re excited to share some great news with our network. #CFI has officially expanded its UAE-regulated entity, CFI Financial Markets LLC (CFI UAE), into the heart of #AbuDhabi. This expansion marks a significant milestone in our journey to strengthen our presence in the UAE and bring our trusted trading services closer to you. 🎉 🌟 Why Abu Dhabi? Abu Dhabi isn’t just any market for us; it’s a vibrant, dynamic capital that plays a key role in the region's financial landscape. As a hub of innovation, culture, and economic growth, Abu Dhabi aligns perfectly with our vision of providing cutting-edge, secure, and transparent trading solutions. This expansion is a strategic step to ensure our clients in the capital and across the UAE have unparalleled access to global financial markets.🌍 📈 What This Means for Our Clients With this move, we’re closer than ever to our valued clients in Abu Dhabi, offering enhanced accessibility, support, and world-class trading conditions. Our operations under the prestigious Category One license from the UAE's Securities and Commodities Authority (SCA) ensure our clients benefit from a robust local regulatory framework, providing security and transparency in all trading activities. 💼 Our Commitment to Abu Dhabi’s Growth At #CFI, we believe in not just participating in the markets but also supporting the communities we serve. Our presence in Abu Dhabi allows us to play a more direct role in the capital's development, helping it evolve as a leading financial and cultural center in the region. 🌆 Through our strategic partnership with the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi), we’re sponsoring a series of prestigious events throughout 2024 and 2025, further embedding ourselves in the city’s cultural and economic fabric. 💡 Looking Ahead As we continue to expand and innovate, with a strong foundation already established in Dubai, we remain committed to empowering our clients with the tools, resources, and support they need to succeed in the global financial markets. We’re excited about the opportunities ahead and look forward to growing together with Abu Dhabi and the broader UAE. 🌍 Thank you for being part of our journey. Together, we’re shaping the future of online trading in the #UAE. 💪 #CFI #AbuDhabi #Trading #FinancialMarkets #GrowthStrategy #UAE #Innovation #Leadership

Abu Dhabi has been recognized as the wealthiest city globally in terms of assets managed by Sovereign Wealth Funds (SWFs). A recent report by Global SWF reveals that Abu Dhabi manages the highest amount of SWF capital worldwide, totaling US $1.7 trillion. This includes assets managed by entities such as the Abu Dhabi Investment Authority (ADIA), Mubadala, Abu Dhabi Investment Council, ADQ, Lunate, Abu Dhabi Fund for Development, Tawazun Council, and Emirates Investment Authority. Projections from the report suggest that Abu Dhabi's public capital could reach US $3.4 trillion by 2030 !

A lot of news coming from the Middle East's financial scene! Abu Dhabi Global Market (ADGM) is in talks with over 60 global firms, including asset managers and hedge funds, keen to set up shop in the UAE capital. This includes a surge of interest from the UK, US, and Asia. ADGM is attracting these heavyweights with its strong connections to sovereign wealth funds, banks, and a business-friendly environment. Hedge funds are a key target, with 25 currently exploring expansion in Abu Dhabi. This follows the successful establishment of Brevan Howard's office in February 2023, which has already grown to over 80 employees. Could Abu Dhabi be the next global financial hub? Some believe it already is. #finance #investment #MiddleEast #AbuDhabi

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