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    Lebanon expects 21%

    The Investment Development Authority of Lebanon has said foreign direct investments to the country are expected to drop 21% this year, as the politica...
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    LAU conducts capacit

    Under the patronage of H.E. General Marwan Charbel Minister of Interior and Municipalities, the Institute for Women’s Studies in the Arab World at t...
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    Shake Shack now open

    New York’s iconic Shake Shack, known for its unrivaled selection of burgers and hotdogs, has opened its first ever Lebanon location at Beirut City C...
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    Bank of Beirut to im

    Bank of Beirut announced that it will be deploying Dion Global Solutions’ FATCA TRAC application to assist with its internal FATCA compliance progra...
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Press Release

Lebanon expects 21% drop in 2013 FDI
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LAU conducts capacity building for law enforcement personnel in Lebanon programme

Moderated by LAU Executive Director of Relations and Media Dr. Christian Oussi, …

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Shake Shack now open at Beirut City Centre

Conceived by Danny Meyer’s Union Square Hospitality Group (USHG), Shake Shack is …

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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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