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Abu Dhabi Global Market has introduced an online community where entities such as banks, investors, financial technology companies and regulators can come together to test the feasibility of products and services before their launch in the market.
The initiative, called Digital Marketplace, is part of ADGM’s Digital Lab and went live on Monday, the emirate s financial free zone said.
“In the GCC region, the digital transformation agenda has steadily become an important focus of many financial institutions and banks. However, when it comes to actual implementation, the banks are faced with a few challenges,” Wai Lum, senior executive director of capital markets at the ADGM Financial Services Regulatory Authority, told
UAE s robo-advisory Sarwa to offer zero-commission trading service zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Chimera Capital Limited Lists An Exchange-Traded Fund Tracking The Performance Of Liquid UAE Listed Stocks On Dubai Financial Market ( Date
03/03/2021
Syed Basar Shueb: “Chimera S&P UAE UCITS ETF (A) accumulating share class gives investors further access to the increasingly appealing UAE market”
Hassan Al Serkal: “The second of its kind fund listing by Chimera Capital on DFM in six months clearly underlines the rapid expansion of this new asset class”
Seif Fikry, Chief Executive Officer (CEO) of Chimera Capital Limited, an Abu-Dhabi-based asset management firm and subsidiary of Chimera Investments LLC, today rang the Dubai Financial Market (DFM) market-opening bell to celebrate the listing of Chimera S&P UAE UCITS ETF (Bloomberg: CHAE), on the DFM under the trading symbol (CHAE).
Effects of cost-reflective electricity tariff on local industries discussed
By: Times News Service
Muscat: The effects of applying cost-reflective electricity tariff on local industries and to find a mechanism to attract new investments to the industrial sector in Oman were discussed at a major workshop on Sunday.
The meeting came out with a number of recommendations to look into factories that consume more electricity, measure the damage to them and to create an incentive mechanism for them to continue.
A working group will be formed with all parties concerned for the implementation of the said recommendations as the industrial sector is one of the most important sectors that promote economic diversification in Oman according to Oman 2040 Vision.