1 July 2018, Republic of Cyrus/Abu Dhabi, UAE: Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, was honoured to welcome and host the official visit of H.E. Mr. Nikos Christodoulides, Minister of Foreign Affairs of the Republic of Cyprus, and his team of senior officials*. Minister Christodoulides was welcomed by H.E. Ahmed Al Sayegh, Chairman and the CEOs of the ADGM Authorities.
The visit to ADGM dovetailed with Minister Christodoulides’ agenda of understanding the role of ADGM as an IFC in the financial development and growth of Abu Dhabi and the UAE. Minister Christodoulides was briefed by H.E. Al Sayegh on ADGM’s global achievements and innovative initiatives that have positively transformed and shaped the financial services offerings and landscape in Abu Dhabi and the region.
Both sides reiterated their commitment in supporting the business opportunities and financial developments of Cyprus and Abu Dhabi. This continued from the agreement between the Financial Services Regulatory Authority (FSRA) of ADGM and the Cyprus Securities and Exchange Commission (CySEC) which was inked in July 2017.
* Delegation from the Republic of Cyprus includes :-
- H.E. Mr. Nikos Christodoulides, Minister of Foreign Affairs of the Republic of Cyprus
- Mr. Andreas Kakouris, Director of the Middle East and North Africa Directorate of the MFA of the Republic of Cyprus.
- H.E. Vasilis Polemitis, Ambassador of the Republic of Cyprus to the UAE.
- Mrs. Georgia Apeyitou, Deputy Head of Mission of the Embassy of the Republic of Cyprus
- Mrs. Marilena Raouna, Special Advisor to the Minister
About Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global hub for business and finance and serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.
ADGM’s strategy is anchored by Abu Dhabi’s key strengths including private banking, wealth management, asset management and financial innovation. Comprising three independent authorities: ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority, ADGM as IFC governs the Al Maryah Island which is a designated financial free zone. It enables registered financial institutions, companies and entities to operate, innovate and succeed within an international regulatory framework based on Common Law. ADGM has been awarded the “Financial Centre of the Year (MENA)” for two consecutive years, since its inception, for its initiatives and contributions to the financial and capital markets industry in the region.*
For more details of ADGM, please visit www.adgm.com or follow us on Twitter : @adglobalmarket and Linkedin : ADGM. For latest ADGM FInTech updates, please visit www.fintech.adgm.com.
* Source : The Global Investor Middle East and North Africa (MENA) Awards
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