Latest news with #AbuDhabiEconomicVision2030
Mid East Info
25-06-2025
- Business
- Mid East Info
Addleshaw Goddard secures license to operate in Abu Dhabi - Middle East Business News and Information
Firm expands into ADGM to support UAE's economic diversification and deliver world-class legal services across key sectors under Abu Dhabi Economic Vision 2030 Abu Dhabi, United Arab Emirates – June, 2025: International law firm Addleshaw Goddard has announced that it has obtained its license to operate in Abu Dhabi, further strengthening its presence in the Middle East. The firm has also opened a new office in Abu Dhabi Global Market (ADGM), the capital's leading international financial centre. This milestone builds on the firm's strategic ambition to expand its footprint across the Middle East and support clients in one of the region's key economic hubs. Abu Dhabi's dynamic economy, underpinned by Abu Dhabi Economic Vision 2030, prioritises reducing reliance on oil, fostering knowledge-based industries, and establishing a globally integrated business environment. Addleshaw Goddard's expansion into the capital aligns seamlessly with these goals, as the firm brings world-class legal expertise tailored to meet the diverse business needs of both local and international clients. This new office will serve as a critical resource, providing on-the-ground support for the firm's growing client base in sectors such as financial services, energy, infrastructure, and technology. It is also part of the firm's long-term vision in the Middle East, following other significant regional milestones, including the launch of its Riyadh office and celebrating over a decade of growth and operations in the Middle East. Robin Hickman, Head of Middle East at Addleshaw Goddard, said, 'Establishing a presence in Abu Dhabi is a vital step in our regional strategy and reflects our commitment to supporting our clients where they need us most. With Abu Dhabi's visionary economic plans and rapidly diversifying economy, this expansion enables us to play a key role in delivering legal solutions that drive growth and innovation.' With nearly 100 fee earners and 27 Partners across its Middle East offices, Addleshaw Goddard continues to push boundaries, doubling its regional income growth in recent years. The Abu Dhabi office will further cement the firm's position as a trusted partner, driving economic progress and supporting key industries in the region. About Addleshaw Goddard: Addleshaw Goddard is a global law firm with 2,800+ partners and employees across our 21 offices spanning key commercial centres around the world. Six in the UK – London, Leeds, Manchester, Edinburgh, Glasgow, Aberdeen; eight in Europe – four in Germany and one in Ireland, France, Luxembourg, Poland and Spain; a further four in the GCC – Doha, Dubai, Muscat, and Riyadh; and one in Asia – Singapore. We have over 450 Partners and nearly 2,000 lawyers and fee-earners worldwide. In the Middle East we have 27 Partners and close to 100 other fee earners.
Al Etihad
04-06-2025
- Business
- Al Etihad
ADFD's cumulative development financing hit Dh216.5 billion, benefitting 107 countries
4 June 2025 22:48 ABU DHABI (WAM)The Abu Dhabi Fund for Development (ADFD) has published its 2024 Annual Report, showcasing its pioneering achievements in advancing strategic objectives aligned with the UAE's foreign aid report underscores the ADFD's vital role in supporting global sustainable development and enhancing the quality of life for communities report emphasises ADFD's significant contributions to major national agendas, including the UAE Export Development Policy, UAE Centennial 2071, and Abu Dhabi Economic Vision 2030. These efforts are led by the Abu Dhabi Exports Office (ADEX), part of Abu Dhabi Fund for Development (ADFD), aimed at strengthening the global competitiveness of the UAE's industrial the end of 2024, ADFD's cumulative development financing reached Dh216.5 billion, benefitting 107 countries across various continents. This total comprises Dh157 billion in concessional loans, Dh57.6 billion in government grants, and Dh1.9 billion in direct financing supported strategic projects in critical sectors including renewable energy, infrastructure, such as housing, transportation, education, technology, and water security, helping to drive economic growth and improve quality of life in partner nations. Private Sector Growth ADFD remains committed to supporting the national economy and the long-term growth of Emirati companies, while enhancing their international reach. In this context, ADEX allocated Dh4 billion in financing by the end of 2024 to support UAE national exports, facilitating access to over 40 global also prioritised the role of the UAE private sector, allocating Dh6 billion in financing, which benefitted 19 Emirati companies implementing strategic projects across 8 an investment perspective, the Fund saw robust growth, with total investments reaching Dh12.2 billion across 22 countries. ADFD currently invests in 17 companies across a range of sectors, helping to strengthen financial resources, stimulate key economic activities in partner countries, and create sustainable job opportunities for local a strategic reflection on the 2024 Annual Report, His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of ADFD's Board of Directors, said: 'The late Sheikh Zayed bin Sultan Al Nahyan believed that the essence of civilised progress is measured by the value of the individual and their good deeds, whose impact lasts a lifetime. This philosophy formed the foundation upon which Abu Dhabi Fund for Development (ADFD) was established in 1971, transforming it into a developmental institution that embodies the values of the UAE and a shining beacon spreading its sustainable impact around the world."UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan follows the same path, carrying forward a legacy of giving, and supporting the objectives of the Abu Dhabi Fund for Development, in a way that achieves global prosperity." Foreign Aid His Highness Sheikh Sheikh Mansour added: 'The Fund plays an exceptional role in supporting the UAE's foreign aid policy, which is based on principles of development and achieving economic and social stability in developing countries. Additionally, it strengthens partnerships with international and regional organizations to establish a sustainable developmental impact, reflecting the UAE's position as a global force driving sustainable development.'His Highness Sheikh Mansour said, 'Based on its strategic vision, the Fund seeks to expand its operational activities and innovate sustainable solutions that contribute to the development of partner countries. It also continues supporting the national economy by providing innovative financing tools that empower UAE companies to expand and reach new markets.'His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister, Minister of Foreign Affairs, and Vice Chairman of ADFD's Board of Directors, stated: 'ADFD continues to achieve more milestones, using its developmental and economic tools to enhance the UAE's position regionally and internationally, solidifying its role as an active and influential global player."Thanks to the visionary of the leadership, the Fund has become a pioneering model in adopting a strategic approach to financing vital projects that create a lasting impact and contribute to supporting the developmental programs of developing nations to meet their aspirations and strengthen their infrastructure and economies.'His Highness Sheikh Abdullah added, 'In 2024, the Fund made exceptional efforts to help countries overcome their economic and social challenges, financing many major developmental projects with a sustainable impact in areas such as energy, water, infrastructure, education, , technology, food security, and other key sectors that contribute to supporting the Sustainable Development Goals and improving the well-being of people.'His Highness Sheikh Abdullah also emphasised, 'In addition to the sustainable development impact the Fund has achieved globally, it continues to play a vital role in supporting the national economy by enhancing UAE exports and developing the capabilities of local companies to compete in global markets. That contributes to achieving sustainable economic diversification, benefiting society as a whole.'On the release of the 2024 Annual Report, Mohamed Saif Al Suwaidi, Director General of ADFD, said,: 'The achievements of ADFD are a testament to the UAE's unwavering commitment to sustainable development, a vision set forth by the founding father, the late Sheikh Zayed bin Sultan Al Nahyan. This foundation paved the way for ADFD to become a key partner of development in emerging countries and a significant contributor to building a prosperous and sustainable future for generations to come.'Al Suwaidi continued, 'Recent accomplishments reflect the steadfast support of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, whose visionary leadership serves as a beacon of inspiration. Equally, the guidance of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of ADFD Board of Directors, has been instrumental in enabling ADFD to provide vital support, enhancing the quality of life for millions of people worldwide and playing a key role in the development of more advanced and resilient societies.'In a global recognition of its leadership, ADFD received the 2024 United Nations Small Island Developing States (SIDS) Partnerships Award in the economic category for its renewable energy initiatives in the Pacific and Caribbean islands. This is the first time the award has been granted to an institution from the Middle East and North Africa a move that reflects its institutional development and forward-looking vision, ADFD launched its new corporate identity in 2024 under the slogan, 'Shaping the Future Together', reaffirming its commitment to the UAE's vision for supporting the 2030 Sustainable Development Goals and building a prosperous, sustainable future for people around the on decades of impact, ADFD is advancing its global development mission, guided by an integrated and adaptive strategy that reflects the UAE leadership's forward-looking vision and ambition to establish the Fund as a globally recognised national institution in development work and a key supporter of the national economy. Aligned with the UAE's foreign aid policy, the strategy emphasises impactful development outcomes—both internationally and domestically—aimed at building prosperous, resilient societies for generations to come.
Mid East Info
29-05-2025
- Business
- Mid East Info
TAQA and Abu Dhabi Airports: Fuelling Abu Dhabi's Gateway with Next-Gen Power and Sustainable Innovation
TAQA Distribution, a subsidiary of Abu Dhabi National Energy Company (TAQA), has signed a Memorandum of Understanding (MoU) with Abu Dhabi Airports at the World Utilities Congress 2025 to explore opportunities to enhance the management of power and water infrastructure, and integrate cutting-edge technologies into the existing and future utilities networks across all airports in the Emirate. The MoU was signed by Omar Al Hashmi, CEO of TAQA Distribution, and Elena Sorlini, MD & CEO of Abu Dhabi Airports, in the presence of senior officials and industry stakeholders. As part of the MoU, TAQA Distribution will explore leveraging its years of experience effectively managing Abu Dhabi's highly reliable public utilities network, proven track record of designing and building energy—and cost-efficient utilities infrastructure, ensuring high standard of operational excellence in maintaining private-sector utility assets. Omar Al Hashmi said: 'The MoU allows TAQA Distribution and Abu Dhabi Airports to join forces to advance Abu Dhabi's vision of becoming a global aviation hub. Our core expertise in conceptualizing, implementing, and operating utility assets will facilitate our seamless integration within Abu Dhabi Airports' operations, significantly enhancing infrastructural efficiency to better serve millions of passengers and support the Emirates' economic and logistical goals.' Zayed International Airport (AUH), a key aviation hub for the UAE, benefits from collaborations with strategic partners like TAQA Distribution, focusing on sustainable and innovative growth. These partnerships bolster Abu Dhabi's commitment to increasing capacity and improving operational efficiency, ensuring its status as a premier gateway for the region. Elena Sorlini said: 'As the aviation sector evolves, utility resilience and sustainability are indispensable for long-term success. Partnering with TAQA Distribution allows us to bring private network operations up to public standards, ensuring flawless service delivery 24/7. Together, we are reinforcing Abu Dhabi's role as a destination of choice for trade, tourism, and economic diversification.' This MoU is set to support several key pillars of the Emirates' growth strategy outlined within the Abu Dhabi Economic Vision 2030. The modernization and digitization of utility services — powered by AI-enabled predictive maintenance and cutting-edge customer relationship management — will further align the Emirate's airport infrastructure with global best practices. TAQA Distribution is building a growing portfolio of strategic alliances, including a recent collaboration with Abu Dhabi Global Market (ADGM) to roll out a digital utilities billing solution for Al Maryah and Al Reem Islands. Through its TQD+ platform, TAQA Distribution continues to offer bespoke utility services to support the infrastructure demands of Abu Dhabi's rapidly evolving communities.
Gulf Today
29-05-2025
- Business
- Gulf Today
Taqa and Abu Dhabi Airports to enhance utility infrastructure
Taqa Distribution, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed a Memorandum of Understanding with Abu Dhabi Airports at the World Utilities Congress 2025 to explore opportunities to enhance the management of power and water infrastructure, and integrate cutting-edge technologies into the existing and future utilities networks across all airports in the Emirate. The MoU was signed by Omar Al Hashmi, CEO of Taqa Distribution, and Elena Sorlini, MD & CEO of Abu Dhabi Airports, in the presence of senior officials and industry stakeholders. As part of the MoU, Taqa Distribution will explore leveraging its years of experience effectively managing Abu Dhabi's highly reliable public utilities network, proven track record of designing and building energy and cost-efficient utilities infrastructure, ensuring high standard of operational excellence in maintaining private-sector utility assets. Omar Al Hashmi said, 'The MoU allows Taqa Distribution and Abu Dhabi Airports to join forces to advance Abu Dhabi's vision of becoming a global aviation hub. Our core expertise in conceptualising, implementing, and operating utility assets will facilitate our seamless integration within Abu Dhabi Airports' operations, significantly enhancing infrastructural efficiency to better serve millions of passengers and support the Emirates' economic and logistical goals.' Zayed International Airport (AUH) benefits from collaborations with strategic partners like Taqa Distribution, focusing on sustainable and innovative growth. These partnerships bolster Abu Dhabi's commitment to increasing capacity and improving operational efficiency, ensuring its status as a premier gateway for the region. Elena Sorlini said, 'As the aviation sector evolves, utility resilience and sustainability are indispensable for long-term success. Partnering with Taqa Distribution allows us to bring private network operations up to public standards, ensuring flawless service delivery 24/7. Together, we are reinforcing Abu Dhabi's role as a destination of choice for trade, tourism, and economic diversification.' This MoU is set to support several key pillars of the Emirates' growth strategy outlined within the Abu Dhabi Economic Vision 2030. The modernisation and digitisation of utility services - powered by AI-enabled predictive maintenance and cutting-edge customer relationship management - will further align the Emirate's airport infrastructure with global best practices. On Tuesday Taqa Distribution, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed a Memorandum of Understanding (MoU) with EMSTEEL Group, one of the largest publicly traded steel and building materials manufacturers in the region at the World Utilities Congress 2025 to explore the delivery of advanced, integrated utilities solutions across Abu Dhabi's growing industrial landscape. As part of the MoU, Taqa Distribution will explore customised, end-to-end power and water network management—including rapid integration with existing infrastructure, cost-efficient maintenance, and mobilisation of ready-to-deploy technical teams.
Yahoo
23-05-2025
- Business
- Yahoo
Deutsche Bank bolsters UAE foothold with ADGM licence
Deutsche Bank has secured a financial services licence from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM) to perform essential regulated activities within the international financial hub. The licence enables Deutsche Bank to engage in various regulated activities as outlined in the Financial Services and Markets Regulations 2015 (FSMR), including arranging deals in investments, arranging credit, and advising on investments or credit. This development is in line with Deutsche Bank's strategy to enhance its operations in the UAE. The bank aims to align its efforts with its global Hausbank strategy, which focuses on being a reliable partner to clients by providing integrated financial solutions that meet their changing needs across different markets and sectors. Deutsche Bank Middle East and Africa CEO Jamal Al Kishi said: 'Receiving this licence is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. 'It improves our ability to deliver on our Hausbank promise — to serve as a trusted partner to clients wherever they operate.' Jean-Pierre Habis has been named senior manager for the new ADGM branch, with responsibility for managing key aspects of the bank's regulated business activities and assisting in the delivery of customised financial solutions to clients. The ADGM licence aligns with Deutsche Bank's goal of linking global capital with regional opportunities, stated the German lender. It also contributes to the economic transformation of the region, in line with national initiatives such as 'We the UAE 2031' and the 'Abu Dhabi Economic Vision 2030.' Deutsche Bank currently provides services in investment banking, corporate banking, and wealth management in the region. Recently, Coller Capital partnered with Deutsche Bank to offer its flagship private equity secondaries fund, CollerEquity, to professional and qualified individual investors in Asia and select EMEA countries. "Deutsche Bank bolsters UAE foothold with ADGM licence" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
