Abu Dhabi Financial Hub Growth to Continue at Rapid Pace

Abu Dhabi financial hub growth to continue at rapid pace

Abu Dhabi expects more rapid growth for its financial center

LONDON: The rush of financial firms setting up in Abu Dhabi to tap the emirate’s wealth funds and Middle East markets will continue at pace, the official in charge of expanding its financial hub has predicted. Abu Dhabi, which holds 90 percent of the UAE’s oil reserves, has accelerated efforts to diversify its economy, leaning on its vast sovereign funds that together manage

Abu Dhabi expects more rapid growth for its financial centre

LONDON - The rush of financial firms setting up in Abu Dhabi to tap the oil-rich emirate's wealth funds and Middle East markets will continue at pace, the official in charge of expanding its financial hub has predicted. Read more at straitstimes.com.

Abu Dhabi Expects More Rapid Growth for Its Financial Centre

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UAE’s rise as hedge fund hub could reshape $4.5tn global industry, says IG Prime

The United Arab Emirates is rapidly positioning itself as a global hedge fund centre, with a new report from IG Prime suggesting the country’s financial hubs – Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) – could reshape the $4.5tn industry, according to a report by Arabian Business. IG Prime’s State of the Hedge Fund Industry report, reveals that the DIFC had attracted 60 hedge funds as of September 2024, with …