Paromita Dey’s Post

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

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

We were proud to be an official partner of ADFW, a remarkable platform that brought together leaders to shape the future of finance!   At Abu Dhabi Finance Week, ADIB GCEO Mohamed Abdel Bary, CFA, shared his insights on the future of Islamic finance during an engaging and insightful session. He highlighted the exciting opportunities ahead through digital transformation, fintech partnerships, product innovation, and sustainable finance, all while balancing tradition with modernity.   Joining the conversation, Lamia Hariz, Head of ESG, Investor Relations, Corporate Communication & Marketing at ADIB, shed light on The Investment Case of Abu Dhabi Islamic Bank, emphasizing the bank’s commitment to sustainable growth and innovation.   Together, they showcased how ADIB is shaping the future of Islamic finance.   #IslamicFinance #DigitalTransformation #Fintech #Sustainability #ADIB #ADFW

Bahrain-based The BENEFIT Company, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, recently hosted a distinguished delegation from the UAE’s Etihad Credit Bureau, led by H.E. Marwan Ahmad Lutfi (Harmoozi), Director General, at its headquarters. Read more: https://lnkd.in/dTieSevV The BENEFIT Company, Etihad Credit Bureau, Marwan Ahmad Lutfi (Harmoozi), Sara Abu Al-Fateh #FintechNewsSaudiArabia #BENEFIT #EtihadCreditBureau #MOU #Bahrain #FinancialInnovation #CreditHistory #GCC #MiddleEast #Fintech #SaudiArabiaFintechNews

I am happy to be a part of the advisory committee of the Islamic Fintech Forum. Leading a company dealing with climate software, my present focus is always on sustainability. Few notable points of the sector are below: “1. The asset value of the global Islamic finance sector in 2022 was $3tn, including banks, funds and insurance. 2. Encouraged by COP28 in the UAE in 2023, sustainable finance issuance in Islamic countries reached $22bn in 2023, more than doubling from $9bn the previous year. 3. Globally green and sustainable sukuk (sharia compliant bonds) could generate $30-50 billion towards the 17 SDGs by 2025.” Source: https://lnkd.in/eKhnzst9

First Abu Dhabi Bank (FAB), the largest bank in the #UAE, and DBS Bank, Southeast Asia's largest bank, have signed a Memorandum of Understanding (MoU) to foster sustainable business and investment growth, while enhancing innovation across the #MiddleEast and #Asia. The collaboration will leverage the strengths of both institutions to expand offerings in international clearing services, #tradefinancing, and #corporatefinancing, creating broader access to key financial instruments for clients across these dynamic regions. Read more: https://lnkd.in/dAect2xE First Abu Dhabi Bank (FAB), DBS Bank, Martin Tricaud, Sanjay Sethi, Simon Ong, Sriram Muthukrishnan, Tan Su Shan, Khalil Al Moosawi #FintechNewsSaudiArabia #FAB #DBS #Partnership #Growth #Innovation #FinancialServices #UAE #SoutheastAsia #FIG #FinancialInstitutions #Tech #Innovation #Fintech #MiddleEast #MENA #SaudiArabiaFintechNews

Proud to see ADIB leading the way in making Sukuk investments more accessible with our fractional Sukuk offering. This is not just a milestone in Islamic finance but a step toward democratizing access to digital assets as well. By opening up these opportunities, we’re supporting financial inclusion and bringing ADIB closer to its #ADIB2035 vision. Exciting times ahead for Islamic finance and digital asset innovation! #Sukuk #IslamicFinance #DigitalAssets #FinancialInclusion #Innovation #ADIB

Dubai International Financial Centre (DIFC) published a "Regional Outlook for Banking and Capital Markets" report, highlighting expected IPO growth in three phases: privatisation of state entities, listings by family-owned companies, and FinTech and tech start-ups. The report, produced with LSEG Data & Analytics, underscores Dubai's role as a regional capital markets hub, attracting investors and supporting market maturity through strategic initiatives and regulatory frameworks. The UAE saw significant IPO activity in 2022 with 51 IPOs raising $22 billion. The DIFC ecosystem, home to over 230 investment banks, benefits from this activity, further solidifying Dubai's position in global finance. #DIFC #BankingOutlook #CapitalMarkets #IPOGrowth #DubaiFinance #FinTechIPO #FamilyBusinessIPO #InvestorHub #GlobalFinance

Bahrain-based The BENEFIT Company, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, recently hosted a distinguished delegation from the UAE’s Etihad Credit Bureau, led by H.E. Marwan Ahmad Lutfi (Harmoozi), Director General, at its headquarters. Read more: https://lnkd.in/dTieSevV The BENEFIT Company, Etihad Credit Bureau, Marwan Ahmad Lutfi (Harmoozi), Sara Abu Al-Fateh #FintechNewsUAE #BENEFIT #EtihadCreditBureau #MOU #Bahrain #FinancialInnovation #CreditHistory #GCC #MiddleEast #Fintech #UAEFintechNews

Glad to see ADIB - Abu Dhabi Islamic Bank leading the way again in reshaping the future of Islamic finance. The world of finance is evolving rapidly, and one of the most exciting innovations is the rise of digital assets. By leveraging technology, these sukuk are breaking down the barriers to access new investment opportunities creating a more inclusive financial experience. #Financialinclusion #tokenized sukuk #Fintech #Innovation #DigitalAssets #islamic finance