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Emirates Information Company – ADFW 2022 convention heralds profitable conclusion and notable outcomes from international monetary group

ABU DHABI, twenty second November, 2022 (WAM) — The Abu Dhabi Finance Week (ADFW), held within the presence and underneath the patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Government Council and Chairman of the Abu Dhabi Government Workplace, ended on November 18 on a excessive be aware with notable outcomes, because it introduced collectively the elites of the native, regional and worldwide monetary group within the coronary heart of the UAE capital.

The occasion introduced collectively greater than 8,200 attendees, together with greater than 500 international dignitaries, 300 regional and worldwide audio system, a number of asset administration corporations liable for managing trillions in belongings underneath administration, and greater than 100 start-ups.
With greater than 100 periods and greater than 55 bulletins and partnerships between governments and personal/financial entities, this nice occasion introduced collectively specialists from the monetary group from everywhere in the world underneath one roof to debate crucial subjects and the challenges going through confronted by buyers, regulators and start-ups within the monetary sector.

Abu Dhabi Monetary Week was a singular alternative to announce the Falcon Economic system idea, highlighting how the capital emirate of the United Arab Emirates resonates with the nation’s golden emblem and is on a path of development that is able to attain new heights of success. By this new idea, Abu Dhabi is outlined as a rising, affluent, liberalized and diversified financial system pushed by strategic imaginative and prescient, structural transformation and counter-cyclical financial and financial insurance policies, which end in sustainable development and growth. .
With the goal of enriching the sustainable monetary and financial panorama of the UAE and the sector, the ADFW organized 4 key thematic days, particularly Asset Abu Dhabi, Fintech Abu Dhabi, Crypto Abu Dhabi and RACE (Regulation, Consciousness, Collaboration, ecosystem).
Asset Abu Dhabi, held on November 14, introduced collectively international buyers on one platform to debate the financial transformation of the Center East, the dangers of investing throughout asset courses, and investing within the financial system of the long run. A key announcement was made by Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Division of Financial Improvement (ADDED), who addressed the viewers offering an replace on the operations of the $5 billion Abu Dhabi IPO fund of AED (1.4 billion US {dollars}).
The subsequent day, Fintech Abu Dhabi mentioned the potential of Web3, how the way forward for content material consumption is being revolutionized within the Metaverse and credit score and lending. Throughout Fintech, ADGM Courts revealed the first-ever introduction of blockchain know-how for the worldwide enforcement of business judgments. An revolutionary answer that may permit the events to attain important financial savings in money and time within the execution of their industrial judgments.

November 16 was marked by Crypto Abu Dhabi, which offered fascinating insights into digital belongings, crypto platforms, and the impression of Web3. On the day, ADGM introduced the launch of “Abu Dhabi Crypto Hub”, which represents one other strategic initiative taken by ADGM to assist financial diversification and the emirate’s rising position as a monetary hub. .
Crypto Abu Dhabi served as an important platform to facilitate the approaching collectively of worldwide crypto, blockchain and decentralized finance entities, whereas discussing and planning the monetary business’s long-term development and growth targets.
The occasion concluded with the RACE which centered on local weather laws and frameworks with a selected deal with financing the transition to Internet Zero. The RACE summit witnessed exemplary initiatives on the stage of the carbon trade with the signing of a memorandum of understanding between Al Jubail Island and the ADGM. Dedicated to offsetting its carbon emissions, ADGM has pledged to plant 15,000 mangrove timber, contributing to Al Jubail Island’s objective of planting 1 million new mangrove timber on the island.

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