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Abu Dhabi's New Free Zone Awarded 'Financial Center Of Year'

by Lorys Charalambous, Lowtax.net, Cyprus
27 October, 2016

Abu Dhabi Global Market (ADGM), the international financial center in Abu Dhabi, was recently named "The Financial Center of the Year (Middle East and North Africa)" by the Global Investor/ISF publication.

The publication lauded ADGM for its "progress, innovative approach, and achievements as the world's youngest financial center."

The judging panel recognized ADGM's efforts in adopting digital services across its three regulatory authorities: the Financial Services Regulatory Authority, the Registration Authority, and the ADGM Courts.

The Panel noted that ADGM offers a comprehensive suite of innovative investment vehicles all within a one-stop shop environment for local and global entities to tap growth opportunities and do business closer to home. ADGM's focus on developing a "conducive ecosystem to support the needs of stakeholders" and embracing Fintech were also noted.

Richard Teng, CEO of ADGM's Financial Services Regulatory Authority, said: "It is an honor to receive the 'Financial Center of the Year' recognition in our first year of operation."

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