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    Oman’s first I

    Oman's Alizz Islamic Bank has announced the official launch of its services in the sultanate, Muscat Daily has reported. The bank's flagship branch in...
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    Oman to award contra

    Oman is set to name soon the winning bidder of the contract for roads in Duqm, Oman Daily Observer has reported. Over 10 local and international consu...
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    ITA conducts key wor

    In partnership with Gartner, an information technology research and advisory firm, the Information Technology Authority (ITA) recently conducted a wor...
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    Port of Salalah cele

    Port of Salalah has joined a global network of 62 seaport terminals in marking safety as a key component of operations in all functions by marking Glo...
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Press Release

Oman’s first Islamic lender launches services
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Oman to award contract for Duqm road soon
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ITA conducts key workshop about social media

The workshop comes as a series of awareness sessions being organized by …

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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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