Latest news with #PublicPrivatePartnerships
Zawya
07-07-2025
- Business
- Zawya
Egypt's minister urges greater BRICS role in tackling global debt crisis
Egypt's Finance Minister Ahmed Kouchouk called on Sunday for a stronger role for the BRICS group in developing innovative solutions to the global debt crisis, particularly for middle-income countries. He emphasised that BRICS nations are well-positioned to collaborate with other international stakeholders to advance mechanisms such as debt-for-investment swaps and other creative financing tools to bolster development efforts. Speaking during the official session of the BRICS Finance Ministers and Central Bank Governors' meeting held in Rio de Janeiro, Brazil, Kouchouk highlighted the urgent need to reinforce the principles of global economic multilateralism as a foundation for more inclusive and sustainable growth. 'We hope to see deeper economic cooperation among BRICS countries to help absorb the impact of global shocks, especially as emerging markets continue to suffer from rising tariffs and persistent uncertainty,' he stated. The minister underscored the importance of expanding concessional financing options to support priority sectors including infrastructure, renewable energy, and digital transformation. He stressed that BRICS can play a pivotal role in promoting a more equitable and balanced international economic order. Kouchouk reiterated Egypt's support for robust public-private partnerships as a key mechanism for achieving its national development goals. He also affirmed Egypt's commitment to enhancing cooperation and knowledge-sharing among BRICS members to improve climate risk resilience and long-term sustainability. He further highlighted the newly launched investment platform as a promising initiative to mobilise private and blended capital for strategic development projects, particularly those aligned with climate, energy, and infrastructure objectives. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Mid East Info
01-07-2025
- Business
- Mid East Info
Figment Expands into Middle East With Key Hire, Amid Strategic Partnership and Rising Institutional Demand - Middle East Business News and Information
United Arab Emirates, June 2025 — Figment, the leading independent provider of institutional staking infrastructure, is deepening its presence in the Middle East as digital asset adoption accelerates across the region. As part of this expansion, Figment has appointed Christoph Richter as its first Head of Business Development in the Middle East and announced a key partnership with UAE-based custody provider Tungsten, a trusted name in institutional digital asset services. This collaboration leverages Tungsten's well-established industry position and existing licensing within the Abu Dhabi Global Market (ADGM), enabling them to offer enhanced, non-custodial staking options to clients via Figment's infrastructure. The move marks a major step in expanding compliant staking access across the UAE and the broader MENA region and Christoph will be Figment's first on-the-ground hire in the region. 'Staking can be understood as earning the risk-free rate on proof-of-stake networks like ETH and SOL,' said Christoph Richter. 'With inflation beating rewards and rising institutional digital asset allocations, staking is becoming a core strategy Figment's formal entry into the region is driven by growing demand for compliant, reward-generating solutions aligned with long-term digital asset investment strategies. 'The Middle East is uniquely positioned to benefit from institutional staking,' said Eva Lawrence, Figment's Head of EMEA & Regional MD. 'With Christoph's deep background in traditional finance and digital assets, he's perfectly placed to lead our growth in this high-potential market.' Christoph will lead business development and strategic partnerships, reporting to Eva Lawrence, the Head of EMEA. He brings nearly two decades of TradFi derivatives experience, including senior roles at JP Morgan, Barclays, BNP Paribas, and UBS. In his most recent TradFi role, he led derivative solutions for Southern Europe and DACH at MUFG. Since entering the digital asset industry in 2017, he has advised top-tier firms and co-founded the proprietary BTC & ETH trading venture Vol Capital, building market neutral quantitative investment strategies. Christoph brings a wealth of experience of working on major infrastructure Public Private Partnerships transactions across the Middle East, particularly in Saudi, building strong ties to the region's major players and capital markets. Now based in the UAE and fluent in five languages, he brings a truly global perspective to Figment's regional growth. This move builds on Figment's global expansion across EMEA, the Americas, and APAC, reflecting increased institutional demand for secure and regulatory-aligned staking solutions and cementing Figment's leadership as the most trusted institutional staking provider. Christoph's appointment and the partnership with Tungsten underscore Figment's commitment to investing in local leadership and strategic infrastructure tailored to the needs of the region. About Figment: Figment is the leading independent provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider of staked ETH. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment's mission to support the adoption, growth, and long-term success of the digital asset ecosystem.
Zawya
23-06-2025
- Business
- Zawya
ADPIC and arbitrateAD to advance dispute resolution practices in Abu Dhabi
Implementation of Dispute Avoidance and Adjudication Boards (DAABs) across standard contracts aligns with global best practice Reinforces Abu Dhabi's commitment to an investor-friendly, transparent infrastructure ecosystem ADPIC currently oversees a project portfolio exceeding AED 200 billion Abu Dhabi, UAE – The Abu Dhabi Projects and Infrastructure Centre (ADPIC) and the Abu Dhabi International Arbitration Centre (arbitrateAD) have signed a Memorandum of Understanding (MoU) to embed world-class dispute avoidance and resolution mechanisms across Abu Dhabi's infrastructure ecosystem. Signed during the inaugural Abu Dhabi Infrastructure Summit, the MoU reflects both organisations' commitment to advancing dispute management. It further reinforces Abu Dhabi's position as a trusted international hub for investment, public-private partnerships, long-term project delivery, and strategic public-private collaboration. Under the agreement, arbitrateAD will serve as the official appointing authority for adjudicators and the Dispute Avoidance and Adjudication Boards (DAABs) across ADPIC's Capital Projects Standard Contracts — ensuring consistency in the deployment of dispute resolution practices and enhancing delivery certainty in major infrastructure developments. DAABs are independent expert panels appointed at the outset of infrastructure projects. Their role is to resolve disputes before they escalate and maintain alignment across complex delivery timelines. As a globally recognised best practice, DAABs contribute to stronger governance, reduced delays, and improved risk-sharing across stakeholders. With oversight of a capital portfolio exceeding AED 200 billion, ADPIC plays a critical role in enabling infrastructure delivery that is timely, sustainable, and globally competitive. The integration of DAABs reflects ADPIC's commitment to building resilient project ecosystems underpinned by accountability, collaboration, and proactive dispute prevention. The MoU also outlines joint efforts to raise awareness around dispute avoidance and support industry-wide training to promote best practice standards. These efforts are particularly relevant to investors and ESG-focused developers seeking transparent, rules-based markets that minimise delivery risk and promote long-term value. His Excellency Dr. Ali Saeed bin Harmal Al Dhaheri, Chairman of arbitrateAD, said: 'We are proud to collaborate with ADPIC, as we reinforce our commitment to dispute avoidance mechanisms that meet international standards. DAABs are an incredibly smart approach to resolving challenges before they escalate, and this MOU is in line with our shared vision of both improving how projects are managed and strengthening investor confidence across the region. This partnership supports the emirate's broader drive to deliver world-class infrastructure projects through transparency, efficiency, and rule of law — positioning Abu Dhabi as a leading model for effective public-private collaboration.' His Excellency Maysarah Eid, Director General of ADPIC, said: 'This MoU marks a significant step in our efforts to integrate global best practices into the way Abu Dhabi delivers its infrastructure ambitions. By appointing arbitrateAD as the official authority for dispute adjudication, we are strengthening our approach to proactive risk mitigation and effective dispute resolution while ensuring delivery excellence. More importantly, we are sending a clear signal to our partners, local and international, that Abu Dhabi is committed to creating a project environment defined by stability, transparency, and long-term strategic value.' The signing of this MoU also sets the stage for future collaboration as Abu Dhabi continues to scale its infrastructure ambitions in alignment with Abu Dhabi's economic vision and evolving global ESG expectations. About arbitrateAD arbitrateAD is Abu Dhabi's flagship arbitration centre, offering a modern, efficient, and world-class framework for the resolution of commercial disputes for both commercial and governmental entities. arbitrateAD plays a vital role in advancing the emirate's vision to become a leading global legal and financial hub. The establishment of the Abu Dhabi International Arbitration Centre is a testament to the emirate's dedication to excellence in providing a world-class neutral and impartial forum for dispute resolution. The Centre has been awarded the GAR Guide to Regional Arbitration award for 'Arbitral Institution That Impressed' at the 2025 Global Arbitration Review (GAR) Awards. Launched by the Abu Dhabi Chamber of Commerce and Industry in 2023, and fully operational since 1 February 2024, arbitrateAD has provided successful arbitration services to companies of all sizes doing business in a wide range of industries. About ADCCI The Abu Dhabi Chamber of Commerce & Industry (ADCCI) is the leading business support organisation in Abu Dhabi. With a focus on enhancing trade and investment, ADCCI plays a key role in supporting the growth of Abu Dhabi's economy, particularly for SMEs and the private sector. Through various initiatives and partnerships, ADCCI aims to promote a business-friendly environment that facilitates investment and economic development in the emirate. About Abu Dhabi Projects and Infrastructure Centre (ADPIC): Established in 2023, ADPIC's vision is to oversee and manage capital projects that enhance the quality of life for every resident in the Emirate of Abu Dhabi. This involves diverse projects including housing, infrastructure, tourism, community facilities, and education. ADPIC's mandate includes managing contracts, reviewing, approving, planning, and designing capital projects. These are overseen by the Centre in close collaboration with relevant entities and stakeholders to ensure quality is maintained while also facilitating efficient project execution in alignment with Abu Dhabi's strategic goals. Throughout its operations, the Centre is committed to strengthening public-private partnerships and adopting best practices in sustainability globally.
Zawya
28-05-2025
- Business
- Zawya
MoF launches training programme to build the capacity of federal personnel in managing public-private partnerships
Graduates receive a certification endorsed by leading international financial institutions. Dubai: The Ministry of Finance (MoF) has launched a specialised training programme aimed at strengthening partnerships between federal entities and the private sector, as part of its ongoing efforts to boost government efficiency and enhance collaboration mechanisms. The programme involved 26 representatives from various federal entities. It seeks to equip national cadres with the skills needed to analyse and manage partnership projects in line with international best practices. Developed in partnership with an APMG International–accredited training institute, the programme concludes with awarding participants the Certified Public-Private Partnerships Professional (CP3P) credential, endorsed by major global financial institutions including the World Bank Group, Islamic Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, and Inter-American Development Bank. Establishing a culture of effective partnership H.E. Saeed Rashid Al-Yateem, Assistant Under Secretary of the Resource and Budget Sector, emphasised that the ministry will spare no effort to develop qualified national talent capable of leading public-private partnership projects. 'We are committed to providing an advanced training environment that not only sharpens the skills of federal cadres but also enhances their understanding of partnership models,' he said. 'This programme represents another significant step toward establishing a culture of effective partnership and broadening collaboration with the private sector to advance the UAE's sustainable development goals.' Participants received comprehensive training covering the design, implementation, and management of partnership projects. The programme concluded with a professional examination, awarding certificates that reflect the federal government's commitment to high standards in workforce development and its role in driving economic growth aligned with the UAE's strategic vision.
Zawya
21-05-2025
- Business
- Zawya
Faisal Al-Gharabally highlights transparency and collaboration as keys to success at third Kuwait Public-Private Partnership Conference
Gulf Bank concluded its platinum sponsorship and active participation in the third Kuwait Public-Private Partnership Conference, held at the Jumeirah Hotel, under the patronage of Her Excellency Eng. Noora Al-Fassam, Minister of Finance, Minister of State for Economic and Investment Affairs, and Chair of the Higher Committee for PPP Projects. Themed 'Partnership Projects: A Promising Start to a New Era,' the event gathered key stakeholders to discuss the shifting dynamics and growing importance of Public-Private Partnerships in driving Kuwait's development agenda. On the second day, speaking during a panel discussion titled 'Shaping the Future of Partnership Projects in Kuwait to Ensure Success' Mr. Faisal Al-Gharabally, General Manager of International Banking at Gulf Bank, emphasized the importance of public sector confidence in proposed projects as a key enabler for banking sector engagement. He emphasized that encouraging all parties to participate in open and transparent discussions about concerns and solutions fosters trust and lays a solid foundation for successful financing. Mr. Al-Gharabally also pointed to other critical factors influencing banks' willingness to finance Public-Private Partnerships, including project payment structures, legal and contractual frameworks, and risk allocation – emphasizing that the party managing the risk must also bear it. Transparency, he noted, remains the cornerstone of successful partnerships, along with granting banks the right to intervene if significant developments arise. Adding to the conversation, Ms. Shamayel Al-Marzouq, Assistant General Manager of Corporate Banking at Gulf Bank, delivered a presentation titled 'Beyond Financing: How Banks Can Lead the Digital Future of Public-Private Partnership Projects.' She advocated for the banking sector to shift its role from conventional financing to becoming a catalyst for innovation, digital advancement, and sustainable growth, fully aligned with the vision and goals of Kuwait Vision 2035. Ms. Al-Marzouq stressed that the next phase of infrastructure development calls for banks to evolve from 'silent funders' into active digital partners in national infrastructure projects. She highlighted the necessity of integrating banks within the digital ecosystem of Public-Private Partnerships to enable smooth digital connectivity, drive innovation, and boost operational efficiency. She also outlined key strategic actions banks can take in collaboration with government entities, including aligning financing approaches with national priorities – particularly for major projects like Mubarak Al-Kabeer Port and the Al-Dabdaba Renewable Energy Project. Other initiatives include establishing centralized digital platforms for bidding and project management, adopting real-time monitoring and reporting solutions, applying data analytics to guide decision-making, and leveraging technology to enhance risk management and ensure greater transparency. Ms. Al-Marzouq also highlighted the significance of financing sustainable projects, citing examples like the Al-Dabdaba Power and Shagaya Renewable Energy project. She highlighted the vital role technology plays in advancing inclusivity and good governance by providing accessible digital infrastructure. She concluded by highlighting the vast opportunities across sectors such as transportation, healthcare, education, and housing. Ms. Al-Marzouq called for the mandatory use of unified digital platforms, increased investment in digital capacity building, training on partnership models, and collaboration with technology firms and government bodies to establish a comprehensive digital ecosystem for Public-Private Partnerships. 'There is a unique opportunity today for Kuwaiti banks to take a leading role in shaping the future of digital transformation and sustainable development,' she said. 'By doing so, we can reinforce Kuwait's position as a smart, modern financial and commercial hub.' Gulf Bank continues to dedicate itself to driving Kuwait's national development and shaping the future of its financial sector through innovation, teamwork, and strong leadership.
