Financial and FinTech industry gets ready as inaugural FinTech Abu Dhabi event kicks off in 10 days
Source: markettiers MENA for FinTech Abu Dhabi , Author: Posted by BI-ME staff
Posted: Wed October 11, 2017 1:47 pm

UAE.  Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is gearing up for its inaugural global FinTech Abu Dhabi event which will be taking place in just ten more days on 22 to 23 October 2017.

The FinTech Abu Dhabi Summit is a two-day by-invitation-only event that encompasses a high-level regulators’ roundtable, a global Innovation Challenge Demo Day represented by an international fleet of mature FinTech firms, ADGM’s first batch of RegLab FinTech startups, and an exciting Summit featuring distinguished local, regional and international leaders from the global FinTech industry.
 
FinTech Abu Dhabi Summit, under the patronage of His Highness Sheikh Hazza Bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive Council, will bring together a strong line-up of global FinTech leaders, innovators, financial regulators, decision-makers and trend-setters.

The event is designed to support the Abu Dhabi Government’s overall growth strategy and its initiatives to advance its core sectors including financial services, innovation, entrepreneurship and local human talent.
 
Ahmed Al Sayegh, Chairman of ADGM, said, “FinTech is one of the many initiatives that ADGM, Abu Dhabi’s award winning International Financial Centre, has undertaken to deliver on the strategic vision of the leadership of Abu Dhabi to diversify our economy and enhance the competitiveness and economic growth of our Capital and the UAE as a whole. 

"The FinTech Abu Dhabi Summit 2017, under the support and patronage of His Highness Sheikh Hazza Bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive Council, is one of our ongoing commitments to further the innovative culture and support the financial progress of Abu Dhabi.”
 
He added: “With the stewardship of our Board and our Executive Management teams, ADGM will continue to maintain close engagements with local and global regulators, like-minded stakeholders and the FinTech industry to foster an inclusive, fair and vibrant ecosystem that promotes sharing of knowledge, collaboration and win-win business opportunities.” 
 
FinTech Abu Dhabi establishes a strategic platform and opens up valuable opportunities for the most established and experienced financial leaders and FinTech entrepreneurs to convene in Abu Dhabi.

This community will discuss the latest innovations and drive forward developments in touchpoints that both business and consumers encounter on a daily basis. More importantly, to explore and collaborate on efforts and developments that shape the future of the financial sector.
 
The FinTech Abu Dhabi Event will be held at the Fairmont Bab Al Bahar, Abu Dhabi. For more details, visit www.fintechabudhabi.com

Photo Captions:
1. (above)  Ahmed Al Sayegh, Chairman of ADGM
2. (inset)  ADGM Building - For illustrative purposes only (File photo)

About Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM), an international financial centre located in the capital city of the United Arab Emirates, opened for business on 21st October 2015.    In line with the Abu Dhabi’s Economic Vision, ADGM is a natural extension of Abu Dhabi’s role as a reliable and responsible member of the global financial community. Strategically situated in Abu Dhabi, home to one of the world’s largest sovereign wealth funds, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance that connects the growing economies of the Middle East, Africa and South Asia.
 
ADGM’s three independent authorities, the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, enable registered companies to conduct business in a zero-percent tax environment and operate with confidence within an international regulatory framework with its own independent judicial system and legislative infrastructure based on the Common Law.
 
Established by a UAE Federal Decree as a broad based financial centre, ADGM’s foundation is anchored on three of Abu Dhabi’s strategic strengths - private banking, wealth management and asset management and will continually expand its financial services in response to the needs of its businesses and marketplace.
 
ADGM is located on Al Maryah Island, a 114-hectare development that is home to world-class business and lifestyle facilities such as the Rosewood and Four Seasons Hotels and Residences, the first ever specialty Cleveland Clinic Hospital outside of USA, luxury retail at the Galleria Mall, and grade-A offices spaces to meet Abu Dhabi’s long-term development and economic needs. All these complement ADGM’s international financial centre position as a vibrant destination in the capital city in Abu Dhabi.
 
For more details of ADGM, please visit www.adgm.com or follow us on Twitter : @adglobalmarket, @FinTechAD, #FinTechAD, and Linked : ADGM

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: December 17, 2017
UAE. The recent increase in mortgage activity can be attributed towards the rise of end users and investors taking advantage of capital structure through leverage. Structurally speaking, the higher levels of mortgage indicate that there will be lower levels of "flipping".
date:Posted: December 17, 2017
UAE. Announced MENA IPO deal value reached US$236.7 million in Q3 2017; Musharaka REIT Fund in Saudi Arabia raised US$ 95.1 million, largest IPO by capital raised; Global IPO activity for 2017 on course to be the busiest year since 2007.
date:Posted: December 15, 2017
INTERNATIONAL. AI will create 2.3 million jobs in 2020, while eliminating 1.8 million.
UAE. The recent increase in mortgage activity can be attributed towards the rise of end users and investors taking advantage of capital structure through leverage. Structurally speaking, the higher levels of mortgage indicate that there will be lower levels of "flipping".
dhgate