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    Tribesman blow up Ye

    The Yemeni government has said tribesmen have bombed the country's main oil pipeline in the central Maarib province on Saturday, the fourth attack on ...
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    UN Emergency Relief

    The United Nations Emergency Relief Coordinator, Ms. Valerie Amos, and the Executive Director of the UN World Food Programme (WFP), Ms. Ertharin Cousi...
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    Yemen has launched a $1.2bn fund to give back tens of thousands of southern Yemenis jobs they lost after the 1994 civil war, as part of efforts to rev...
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Press Release

Tribesman blow up Yemen’s main oil pipeline again
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UN Emergency Relief Coordinator, World Food Programme Executive Director call for more support for Yemen

Speaking at the end of their joint visit, the two UN officials …

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UN execs call for more Yemen support

The United Nations emergency relief co-ordinator, Valerie Amos, and the executive director …

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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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