ADGM introduces another initiative in line with its efforts to support the seamless transition of Al Reem businesses to ADGM following its expansion to Al Reem Island last year.

• Fee revision applies to all categories of licenses and will be applicable from 1^st January 2025.

Abu Dhabi, UAE, 17^th July 2024 – ADGM, the international financial centre of the UAE’s capital, has announced significant revisions to its licensing fee schedule as part of its transitional arrangements for Al Reem Island businesses.  Starting from 1^st January 2025, ADGM will implement major reductions of 50% or more for obtaining non-financial and retail licences within its jurisdiction. This initiative aims to enhance ADGM’s business ecosystem, making it more attractive and accessible for various enterprises.

24 French Asset Management Firms With $1.6 Trillion AUM Convene for Second UAE – France Investor Meetup

• Organized by ADGM and the French Ministry of Economy, Finance and Industrial and Digital Sovereignty.
• Four major French asset management firms—Ardian, BNP Paribas, Tikehau Capital, and Eiffel Investment Group have offices in ADGM as part of their strategy to expand their global footprint.
• Aimed at reinforcing investment ties between the two nations, forging strategic alliances, identifying new opportunities, and driving mutual economic growth.

Abu Dhabi Global Market and Hacken Forge Partnership to Elevate Blockchain Security Standards

Abu Dhabi, UAE, 24 April 2024 – Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, and Hacken, a global leader in blockchain security auditing, have signed a Memorandum of Understanding (MoU) to collaboratively set new benchmarks for blockchain security and compliance. This strategic partnership reflects a unique synergy between a regulatory body and a security auditor aimed at establishing a world-leading security assessment standard in the blockchain industry.

ADGM, the Region’s Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28

• ADGM will host the ‘Climate Finance Action Pavilion’ and showcase its thriving climate finance ecosystem.
• ADGM has successfully introduced the region’s first comprehensive sustainable finance regulatory framework and environmental instruments to its capital markets framework, bringing the world’s first regulated voluntary carbon exchange, AirCarbon Exchange (ACX) under its jurisdiction.
• ADGM chairs the UAE Sustainable Finance Working Group (SFWG) composed of UAE regulatory authorities, Federal Ministries and exchanges.

Abu Dhabi Continues To Be The Destination of Choice for Global Players With ADGM’s Record-Breaking Numbers for First Half of 2023

• The expansion of ADGM’s jurisdiction to Al Reem Island marks another milestone, creating one of the largest concentrated financial districts in the world and opening new doors of opportunities to support the IFC’s growth journey in the coming years.
• ADGM’s accelerated growth reinforces Abu Dhabi as a world-class ecosystem, showcasing an increase of 119% in the number of In-Principal Approvals (IPAs) granted in the first half of 2023, compared to 2022.
• As the Gulf Cooperation Council’s (GCC’s) largest powerhouse contributing a share of 62% of total capital deployed by the Gulf region sovereign investors in 2022, Abu Dhabi’s position has been further strengthened by ADGM’s strong year-on-year growth of 35% for Assets Under Management (AUM) as of June 2023.
• ADGM continues to pioneer the regulatory space in 2023, first with the amendments permitting private credit funds to be based within its jurisdiction, followed by the introduction of a comprehensive Sustainable Finance Regulatory framework.