ADGM Board appoints Rashed Al Balooshi as CEO of the Registration Authority
Abu Dhabi, UAE: ADGM, the international financial centre of the UAE capital, today announced the appointment of Rashed Abdulkarim Al Balooshi as Chief Executive Officer of ADGM's Registration Authority (RA), effective immediately.
The appointment reflects ADGM's ongoing commitment to bolstering its leadership team and accelerating the execution of its strategic mandate, in alignment with Abu Dhabi's long-term economic vision.
Rashed Al Balooshi will take over the role from Hamad Al Mazrouei, who started a new endeavour within Abu Dhabi.
In his new capacity, Al Balooshi will lead the Registration Authority at ADGM, which is responsible for the registration, licensing, and supervision of non-financial businesses within ADGM. His mandate includes enhancing operational efficiency, promoting the ease of doing business, and ensuring a progressive, transparent, and business-friendly regulatory framework in line with international best practices.
Al Balooshi brings with him a wealth of experience, with an impressive career spanning over 24 years in the financial and regulatory sectors, including a distinguished tenure as CEO of the Abu Dhabi Securities Exchange (ADX) and Under Secretary of the Abu Dhabi Department of Economic Development (ADDED).
Additionally, Al Balooshi serves on several boards and committees at the local and federal levels. His expertise across multiple sectors will play a pivotal role in driving the Registration Authority to new heights and reinforcing ADGM's position as a leading international financial hub.
Commenting on this appointment, His Excellency Ahmed Jasim Al Zaabi, Chairman of ADGM, said: 'We are pleased to welcome Rashed Al Balooshi to ADGM's leadership team. His track record and deep understanding of the business and regulatory landscape will be instrumental in driving the next phase of ADGM's growth.
H.E Al Zaabi added: 'We extend our sincere gratitude to Hamad Al Mazrouei for his valuable contributions and leadership during his tenure and wish him continued success in his new endeavour.'
This appointment marks another significant step forward in ADGM's journey and continuity to becoming one of the world's most dynamic and business friendly international financial centres.
About ADGM
ADGM is the international financial centre (IFC) of the capital city of the United Arab Emirates, which opened for business on 21 October 2015. ADGM augments Abu Dhabi's position as a leading financial centre and a business hub, serving as a strategic link between the growing economies of the Middle East, Africa, South Asia, and the rest of the world.
Operating within an international regulatory framework based on the direct application of English Common Law, ADGM governs the entirety of Al Maryah Island and Al Reem Island, collectively designated as the financial free zone of Abu Dhabi.
ADGM is ranked as one of the most preferred and top-ranking IFCs in the Middle East and Africa region. Its progressive and inclusive business ecosystem fosters growth, resilience, and optimism for global financial and non-financial institutions. Growing synergies between ADGM and multiple jurisdictions have positioned the centre as one of the world's most advanced, diverse, and progressively governed financial hubs.
For more details on ADGM, please visit www.adgm.com or follow us on LinkedIn and Instagram: @ADGM X: @adglobalmarket
For media queries, please contact:
E: media@adgm.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
34 minutes ago
- Al Etihad
UAE premier strategic partner: French Trade Minister
20 June 2025 17:43 PARIS (WAM)Laurent Saint-Martin, France's Delegate Minister for Foreign Trade and French Nationals Abroad, said that the UAE holds a top-tier position in France's economic and trade policy in the Gulf region. He emphasised the depth and distinction of bilateral relations, particularly on the economic and diplomatic statements to the Emirates News Agency (WAM), on the sidelines of the 'Vision Golfe 2025', organised by the French government at the headquarters of the Ministries of Economy and Finance in Paris, Minister Laurent Saint-Martin praised the exceptional momentum in the UAE-France partnership and called for elevating cooperation to new levels, especially in industry, renewable energy, digital economy, and innovation.'The UAE is undoubtedly a priority for France among Gulf nations,' said the minister. 'It is not only a key regional and economic force, but also a modern, dynamic development model that aligns with our vision for future international relations, rooted in innovation, sustainability, and openness.'He added that France seeks to strengthen partnerships with countries that share its strategic outlook and values, stating that the UAE stands out as an ideal partner in this economic ties, Minister Saint-Martin noted that France has maintained one of the oldest and most solid records of trade and investment relations with the UAE in the Gulf region. These ties, he said, are built not on chance or temporary alliances, but on mutual trust, understanding, and long-term respect.'We have worked with the UAE for decades, and we take pride in what our companies have achieved in the Emirati market,' he said. 'Today, we have a real opportunity to expand this cooperation in line with global economic shifts, through innovation-driven, high-quality partnerships.'He urged the business communities in both countries to seize the current momentum and strengthen ties between Emirati and French companies, particularly in advanced technologies, artificial intelligence, and green transformation.'We must move beyond traditional cooperation toward productive, integrated partnerships. Our companies need to collaborate more effectively and cohesively.'On the diplomatic front, Minister Saint-Martin described UAE-France relations as solid and time-tested, backed by continuous dialogue and strategic coordination on multiple fronts, both bilaterally and in international stressed that France views the UAE as a long-term strategic partner, expressing confidence that cooperation is poised to grow further amid evolving global challenges. 'We live in a fast-changing world,' he concluded, 'and global challenges, whether environmental, digital, or economic, require trusted, forward-looking partners. The UAE is undoubtedly one of the most prominent among them.'
The National
an hour ago
- The National
Omniyat's new landmark to ‘illuminate' the ultra-luxury commercial workspace sector on famous Dubai route
Leading luxury real estate developer Omniyat is extending its vision for ultra-luxury commercial workspaces with a futuristic new landmark on Sheikh Zayed Road. The 48-storey Lumena tower will set a new standard for workplace environments in the region upon completion in the third quarter of 2029, says the UAE developer. The announcement follows what is describes as the unprecedented success of Enara by Omniyat and - with a gross development value of Dh3.6 billion - represents a 'benchmark in ultra-luxury commercial development'. Lumena is located on Sheikh Zayed Road in the Burj Khalifa district, at the intersection of Business Bay and Downtown Dubai. Its eye-catching slender form and elevated architectural profile make it strategically designed to maximise views of Burj Khalifa, Downtown Dubai, and Jumeirah Beach. A series of cantilevered structures throughout the tower will deliver unique vantage points as well as exceptional shared amenities, including Lumina's signature feature, the 'breathtaking' Sky Theatre, which Omniyat is billing as a never-before-seen amenity for a commercial tower in Dubai. Lumena was launched at the Museum of the Future with a memorable sound and light show on June 18. An architectural model of the project is on display in Studio 12 at The Opus by Omniyat until June 22, providing a 'glimpse into the future' of Dubai's commercial spaces. Omniyat says it continues to lead the way in the ultra-luxury commercial workspace segment, underlined by Lumena; it describes it as work of 'architectural mastery' where every line draws upward, and every space is designed to inspire clarity, confidence, and command. Mahdi Amjad, Omniyat founder and executive chairman, has branded Lumena as 'the future of commercial real estate' in Dubai. 'With its location, design and integrated amenities, we are creating a new paradigm for commercial real estate that aligns with how the next generation of leaders want to work and live,' he says. 'Leveraging technology, innovation and future-proof design, Lumena's sculpted façade reflects both architectural brilliance and the effortless flow of ideas, ambition and enterprise.' The development's inspirational name draws from the Latin word for illumination (lumen) and 'ena', a Japanese word that suggests a blessing. Omniyat says Lumena symbolises clarity, purpose, and forward momentum with a design that integrates panoramic views with natural materials and biophilic elements, bringing light, greenery, and airflow into the workspace to promote wellbeing, productivity, and performance. Every element, from its sculpted façade to double height glazing and natural textures, is engineered for both form and function. And with a key location near Business Bay metro station, Lumena will be well connected to Dubai's prime business, retail and lifestyle hubs and - close to Downtown and Burj Khalifa - minutes away from major city attractions. Dubai International Airport can be reached in 13 minutes. Each of the 91 shell-and-core office units – offered as half floor and full floor offices – has been designed with customisation and efficiency in development is being engineered for optimal efficiency, featuring flexible floorplates with minimal columns, a rear-core layout, and clear ceiling heights of 3m within office areas. Units are being offered with full fit-out flexibility so buyers and tenants can customise layouts, while a palatial use of space, including high ceilings and full height windows, ushers openness and light. Onmiyat says superior service is built into the core experience across its portfolio of 'unparalleled' residential, commercial and hospitality properties. So a full suite of concierge offerings will include reception, meeting room management, spa and wellness coordination, lifestyle bookings, personal services, and bespoke experiences, such as event planning, luxury travel arrangements, and private shopping. Managed by Omniyat, these five-star services will draw from the brand's experience delivering high-touch hospitality across its award-winning commercial towers, residences and hotels, including Enara by Omniyat, and The Opus. Lumena has been designed to meet the latest British Council for Offices (BCO) standards, supporting occupancy density of one person per 10 sqm while maintaining spacious, high-end environments. And the developer is targeting multiple world-class certifications, reflecting commitment to sustainability, occupant wellbeing, and technological integration. These include LEED Platinum certification - the world's highest rating for sustainable commercial developments - while Lumena is projected to achieve Platinum WELL Certification from the WELL Building Standard, plus Platinum WiredScore and SmartScore Certifications, the global standards for digitally connected and technologically advanced smart buildings. On the upper office floors, occupants will have exclusive access to the Executive Club. A purpose-built environment that integrates luxury, discretion, and convenience, the dedicated space will feature private lounges, meeting zones, and concierge support, all tailored to the needs of senior decision-makers. Meanwhile, at the building summit, the Sky Theatre will offer a stunning venue for high-level forums, product launches, and executive gatherings - with panoramic views across Dubai. Advanced acoustics, LED walls, and modular seating will support a variety of functions. And with wellness central to Lumena's philosophy, the Executive Wellness Suite is set to feature high-performance training and recovery zones, designed to support peak physical and mental performance. Another highlight, the Sky Pool, will be suspended above the city and surrounded by biophilic landscaping to deliver a 'rare sense of stillness and perspective'. With the addition of a business club on Level 34, the tower seeks to offer a future-forward take on work-life synergy. Internationally renowned architects and consultants will help realise Lumena, including amenities integrated across the tower and podium to support productivity, wellness, and world-class executive-level experiences. The interconnected podium will house six curated retail concepts, fine dining, and wellness and lifestyle facilities designed to serve building occupants as well guests from the Business Bay and Downtown communities. With dual vehicular access points they will be able to easily utilise the property's 1,000-plus parking spaces, including designated areas for office use, retail operations, and visitors. Lumena builds on the success of The Opus and Enara as the next evolution in an Omniyat portfolio designed for business leaders, creatives, and innovators seeking workspaces that reflect growth and ambition. 'This exceptional project reflects Omniyat's ongoing commitment to shaping the commercial landmarks of tomorrow,' adds Mr Amjad. By mastering what the homegrown company calls 'The Art of Elevation', and merging ultra-luxury with curated living, it pledges to deliver bespoke designs and experiences encasing residential, hospitality, and retail spaces, alongside its other iconic masterpieces, including One at Palm Jumeirah Residences, ORLA, and The Lana.
Arabian Post
2 hours ago
- Arabian Post
UAE Carriers Ground Middle‑East Services Amid Israel–Iran Strikes
Arabian Post Staff -Dubai Tel Aviv's Ben Gurion Airport remains closed with no clear reopening date, while Iran, Iraq and Jordan have shut their airspace and forced rerouting, cancellations and suspensions across the region. Abu Dhabi-based Etihad has cancelled its Tel Aviv flights until 30 June, with several Beirut and Amman services rerouted. Emirates has suspended routes to Tehran, Baghdad and Basra until at least 30 June, and flights to Amman and Beirut through 22 June. Flydubai has halted operations to Iran, Iraq, Israel and Syria until 30 June. Air Arabia and Wizz Air Abu Dhabi have also imposed temporary bans or schedule alterations for various Middle‑East destinations. A UAE Ministry of Foreign Affairs advisory urges citizens and residents to closely monitor airline updates and remain in touch with Twajudi, the national consular registration system for managing potential evacuations. ADVERTISEMENT Regional airports are adapting under pressure. Dubai, Abu Dhabi and Sharjah have filed emergency plans to minimise disruption, deploying field teams and enhanced passenger support to handle thousands of affected travellers. Europe-bound flights are now navigating narrow air corridors via Turkey and Egypt, adding hours to journey times, increasing fuel consumption and driving up operational costs amid rising Brent crude prices. Why airspace closures are widening disruption Closure of airspace over Israel, Iran, Iraq, Jordan and Syria forces airlines to detail-call costly detours. Regional carriers like Emirates, Etihad and flydubai are most affected, but even Western carriers—Lufthansa, Air France-KLM, Ryanair, Wizz Air—have suspended affected routes through summer. The cascading effect on schedules includes over 1,800 Europe-bound flight disruptions, approximately 650 cancellations, and delays across transatlantic routes. Airlines have expanded rerouting through Central Asia and the Mediterranean — and passengers are incurring higher ticket prices and longer travel times. Passenger assistance measures Major UAE carriers are offering rebookings, refunds or credits. Etihad and Emirates are assisting passengers with alternate routing, and flydubai has pledged support for stranded individuals. Wizz Air Abu Dhabi has suspended flights to Tel Aviv through 15 September, offering full refunds or rebooking. Safety remains top priority amid military skirmishes. EASA flagged high risks over conflict zones following missile exchanges between Israel and Iran, aligning with airspace closures through October in Syria and ongoing risks in Lebanon and Jordan. Wider implications for aviation and tourism Analysts warn disruptions may prolong as long-range military assets remain in play—fueling concerns about further airspace restrictions. Already, the Middle-East tourism boom has stalled, with summer travel projections for 2025 downgraded across the UAE, Saudi Arabia and Qatar. Airlines are adjusting summer schedules and revising revenue forecasts amid cascading delays and costlier operations. Governments and aviation bodies are in emergency sessions. The UAE's aviation regulator is coordinating with international counterparts, while civil aviation agencies across Europe are recalibrating route permissions and contingency plans—potentially impacting global air connectivity for weeks. Passengers are urged to monitor developments, confirm flight statuses directly with airlines or travel agents and consider flexible booking options as markets remain volatile.
