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    VIVA launches KD13 L

    VIVA, Kuwait’s fastest-growing and most developed telecom operator, announced the launch of its latest postpaid Mobile Broadband plans, offering cus...
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    KFH receives award i

    Human Resources and Public Services General Manager at Kuwait Finance House (KFH) Zeyad Al-Omar, stressed that the development and recruitment of youn...
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    KFH participates in

    Kuwait Finance House KFH has participated in honoring the distinguished students of the Gulf University for Science and Technology GUST as part of its...
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    Kuwait urged to cut

    Kuwait has been urged by the International Monetary Fund (IMF) to contain public spending, which has trebled in seven years, to avoid risks from a dro...
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Press Release

VIVA launches KD13 LTE postpaid mobile broadband plan

Customers can benefit from the lowest broadband offer in the market and …

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KFH receives award in Kuwaitization from GCC ministers of labour

He added that previous Kuwaiti generations have now become leaders working at …

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KFH participates in honoring GUST distinguished students

Human Resources Executive Manager at KFH Mohammad Aljallal said in his speech …

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Analysis

Abu Dhabi Global Market forms expert panel of 16 international financial institutions to support the development of new regulatory framework

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, announced that its Pre-Open Market Consultation is underway and that ADGM has formed an expert panel of 16 leading international financial institutions to support the development of the draft regulatory framework, which will govern the operations of institutions licensed to operating from ADGM.

Guidance and input from members of the expert panel, which so far includes senior representatives from National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, First Gulf Bank, Mubadala Development Company, ADS Securities, Goldman Sachs, J.P. Morgan, HSBC, Standard Chartered, Pacific Investment Management Company) PIMCO (Lazard, Credit Suisse, International Swaps and Derivatives Association (ISDA) and Man Group, will be instrumental in tailoring the regulations to be adopted by ADGM to ensure that they create an environment to attract global players in the financial industry.

Ahmed Ali Al Sayegh, Chairman of ADGM, said: “The Pre Open Market Consultation process is a major step in preparing Abu Dhabi Global Market to receive its first licence applications from financial institutions in 2015. Consultation and collaboration are at the core of ADGM’s ambition to become a global financial centre and we are delighted to be working with our panel of renowned global financial institutions to ensure that when ADGM launches, it will offer a regulatory regime that provides maximum support and protection for business and is also completely compatible with the leading financial centres in the world.”

ADGM will be a broad based financial services centre which will, …

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