The year 2015 was a busy one for Abu Dhabi Global Market (ADGM), the capital’s new financial free zone, established in accordance with Federal Decree No (15) of 2013, Cabinet Resolution No (4) of 2013, Abu Dhabi Law No (4) of 2013 and Federal Law No (8) of 2004, which is the same federal law that led to the establishment of the Dubai Financial...
Recent decades have seen the GCC become increasingly connected to the wider global economy through trade and investment links. Over the years capital flows between the Gulf and the rest of the world have deepened significantly, a process first driven by trade and investment with the historically important blocs of Europe and North America, and...
Abu Dhabi’s evolution from desert oasis to modern metropolis has seen society undergo enormous changes over the past century, making the preservation of tradition and history an important and critical priority. Efforts to protect and promote Emirati culture and history have accelerated in recent years, as the National Archives moves to enact a...
The UAE has risen in recent years to become one of the world’s largest providers of official development assistance (ODA), while simultaneously ramping up efforts to support women and families within its own borders. Emirates Red Crescent (ERC) in particular has been active in rolling out urgently needed disaster and conflict relief around the...
One of the principal pillars of Abu Dhabi’s much-envied economic stability – and an important factor in the IMF’s reassuring statement, made in 2015, that the UAE has financial assets that are capable of sustaining it for more than 20 years – is its principal sovereign wealth fund (SWF).
Over the years, the relationship between China and the UAE has been continuously strengthened, opening up a new pattern of comprehensive, practical, efficient and rapid development. China regards the UAE as a good friend and a good partner in the Gulf region, and is willing to elevate the level of strategic partnership so as to break new...
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