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THE ECONOMY - FINANCIAL FREE ZONE - ABU DHABI

Abu Dhabi financial FZ to take shape soon

Posted on 09/10/2013

\Abu Dhabi's financial free zone will take its final shape within eight weeks, as the process of consultation has kick-started with local and international stakeholders, a top official said. "Abu Dhabi Global Market [ADGM] will have its own judicial system and legislative infrastructure, under three independent ADGM authorities,” said Ahmed Ali Al Sayegh, chairman of ADGM, while speaking at the sixth UAE Global Investors' Forum being organised by International Investor and Abu Dhabi Department ...  >>MORE

Abu Dhabi's financial free zone to launch global talent hunt

Posted on 29/08/2013

Abu Dhabi will soon start scouring the globe for the sharpest financial and legal minds to head up the management of its new financial free zone. Recruitment for Abu Dhabi Global Market (ADGM) will be a priority for the zone's new directors when they hold their first board meeting in the coming weeks, according to Mahmood Ebraheem Al Mahmood, the chairman of ADS Holding, the lead and strategic consultant for the project. The directors will be looking to fill positions to lead the zone's three ...  >>MORE

President issues law on Global Marketplace Abu Dhabi

Posted on 02/05/2013

President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of the emirate of Abu Dhabi, has issued a law on the Global Marketplace Abu Dhabi. The Global Marketplace Abu Dhabi aims to promote Abu Dhabi as a leading global market, develop the emirate's economy as well as to enhance the economic environment to attract financial investment and more effectively contribute to international financial services. A federal law was recently issued to create a financial free zone ...  >>MORE

Abu Dhabi free zone to have own courts

Posted on 02/05/2013

The new financial free zone for Abu Dhabi will have a new regulator and its own court system aligned "with global financial market laws". A statement from the Executive Council yesterday detailed several bodies that will underpin the legal framework of the Abu Dhabi financial free zone on Al Maryah Island. It establishes the Global Marketplace Abu Dhabi as tax-free for 50 years with full foreign ownership of companies. "The Marketplace is created to make the economic environment more ...  >>MORE

New financial free zone for Abu Dhabi on Al Maryah

Posted on 24/04/2013

A law creating a financial free zone for Abu Dhabi on Al Maryah Island has been signed, intended to attract greater numbers of firms to Sowwah Square. The government support for financial firms comes as local banks help to propel stock markets in both Dubai and Abu Dhabi to levels not achieved since the crisis at Dubai World in 2009. The Abu Dhabi World Financial Market will cover an area of 1,680,323 square metres on the island, according to Federal Decree 15 of 2013. The island is ...  >>MORE

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