ADGM FSRA Unveils Major Enhancements to Digital Assets Framework at Fintech Abu Dhabi

Abu dhabi: The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) presented a series of significant enhancements to its digital asset regulatory framework at the ninth edition of Fintech Abu Dhabi during Abu Dhabi Finance Week (ADFW). According to Emirates News Agency, the announced updates reinforce ADGM’s position as a global leader … Read more

UAE Cuts Benchmark Interest Rate to 3.65%

Abu dhabi: The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 3.90% to 3.65%, effective from Thursday, 11 December. This move aligns with changes in monetary policy following the recent actions of the US Federal Reserve. According to … Read more

Modon Sells Out Bashayer on Hudayriyat Island Within One Day of Launch

Abu dhabi: Modon today announced the complete sell-out of Bashayer, the first waterfront residential community on Hudayriyat Island, within one day of the launch, generating AED3 billion in sales. The exceptional demand reinforces Hudayriyat Island’s position as one of the region’s most desirable residential destinations and reflects the strength of Modon’s approach to shaping communities … Read more

RIQ and Swiss Re Collaborate on AI-Driven Reinsurance Solutions in UAE

Abu dhabi: RIQ and Swiss Re have signed a Memorandum of Understanding to advance innovative capacity solutions, risk origination opportunities, and AI-enabled capabilities across the UAE region. Headquartered in the Abu Dhabi Global Market (ADGM), RIQ is building an AI-native reinsurance platform that integrates artificial intelligence and advanced analytics to improve underwriting accuracy, capacity deployment, … Read more

ADIO and CICC Forge Strategic Investment Corridor to Boost Abu Dhabi-China Capital Flows

Abu dhabi: The Abu Dhabi Investment Office (ADIO) has announced a strategic partnership with China International Capital Corporation (CICC) to create an investment corridor designed to enhance capital flows between Abu Dhabi and China. This collaboration is a significant step in expanding financial ties and fostering economic collaboration between the two regions. According to Emirates … Read more

RIQ and Swiss Re Collaborate on AI-Driven Reinsurance Solutions in UAE

Abu dhabi: RIQ and Swiss Re have signed a Memorandum of Understanding to advance innovative capacity solutions, risk origination opportunities, and AI-enabled capabilities across the UAE region. Headquartered in the Abu Dhabi Global Market (ADGM), RIQ is building an AI-native reinsurance platform that integrates artificial intelligence and advanced analytics to improve underwriting accuracy, capacity deployment, … Read more

ADIO and CICC Forge Strategic Investment Corridor to Boost Abu Dhabi-China Capital Flows

Abu dhabi: The Abu Dhabi Investment Office (ADIO) has announced a strategic partnership with China International Capital Corporation (CICC) to create an investment corridor designed to enhance capital flows between Abu Dhabi and China. This collaboration is a significant step in expanding financial ties and fostering economic collaboration between the two regions. According to Emirates … Read more