Latest news with #ADGM
Al Etihad
3 days ago
- Business
- Al Etihad
Swiss investment firm Partners Group opens office at ADGM
17 June 2025 22:49 REDDY (ABU DHABI)Partners Group, a Switzerland-based investment firm and one of the world's largest players in the private markets industry, has expanded its regional footprint with the launch of a new regional headquarters in Abu Dhabi Global Market (ADGM), the UAE capital's international financial a statement on Tuesday, the firm, which manages over $150 billion in assets and has invested more than $234 billion since its founding in 1996, described Abu Dhabi as a rising global hub for innovation in technology, energy, manufacturing, and digital services.'Abu Dhabi is increasingly becoming a centre of gravity for global advancements in technology, energy, next-generation manufacturing, and digital services,' said Steffen Meister, Executive Chairman of the Board at Partners Group. 'From our new regional headquarters, we look forward to partnering with institutions to capitalise on the many opportunities arising from the upcoming technology-led transformation of industries, often with a nexus to the region.'The Abu Dhabi office—located at Al Maryah Tower in ADGM Square—will be led by Suhail Albaz, Chairman for the Middle East, Africa, and Central Asia. He stressed the strategic importance of the Middle East, especially the GCC, as a growth region for the firm. 'We are actively pursuing the growing opportunities for transformational investing offered to our portfolio of businesses and assets by establishing themselves in the Middle East,' he the expansion, Ahmed Jasim Al Zaabi, Chairman of ADGM, said: 'We are delighted to welcome Partners Group, one of the largest and most respected firms in the global private markets industry to ADGM. We look forward to their valuable contribution to the vibrant and diverse financial community within Abu Dhabi.'Partners Group has been active in the Middle East since 2010, when it opened an office in Dubai. Its portfolio companies today employ over 2,000 people across the region. A notable example is International School Partnerships, which was founded by the firm in 2013 and recently acquired its tenth school in the Middle more than 800 institutional clients and 200 million client beneficiaries globally, the firm continues to serve a broad base, including sovereign wealth funds, pension funds, insurers, and high-net-worth individuals. In the Middle East, its institutional client relationships are led by Nael Antaki, while Venugopal Reddy oversees the firm's private wealth business in the region. This latest move brings the company's global network to 22 offices, reinforcing its long-term commitment to private markets and the Middle East's investment landscape. Source: Aletihad - Abu Dhabi
CairoScene
3 days ago
- Business
- CairoScene
Abu Dhabi Startup Ecosystem Ranks Third in MENA for Performance
Abu Dhabi has entered the global top 60 emerging startup ecosystems according to Startup Genome's 2025 report, generating $4.4 billion in value and ranking third in MENA for ecosystem performance. Jun 17, 2025 Abu Dhabi has been ranked among the top 60 emerging startup ecosystems globally in the 2025 Global Startup Ecosystem Report by Startup Genome. The emirate moved from the 61–70 bracket into the 51–60 tier, reflecting strong performance despite a 14% global decline in startup valuations. Between July 1st 2022 and December 31st 2024, Abu Dhabi's startup ecosystem generated $4.4 billion in value, placing third in the MENA region for overall performance. The ranking is based on key indicators including startup valuations, venture capital activity, and major exits. Abu Dhabi also placed among the top five MENA ecosystems for funding, talent, knowledge, and capital efficiency. Fintech, climatetech, and digital assets were identified as the emirate's most competitive sectors, supported by national economic diversification efforts and initiatives such as Hub71 and Abu Dhabi Global Market (ADGM). Startups in the Hub71 ecosystem have raised over $2.17 billion to date.
Arabian Post
3 days ago
- Business
- Arabian Post
Global Private Equity Giant Selects Abu Dhabi as Middle East Hub
Partners Group, a leading Swiss private markets investment firm managing approximately $152 billion, has inaugurated a new regional headquarters at Abu Dhabi Global Market, signalling a strategic intensification of its presence in the Middle East. Suhail Albaz, appointed Chairman of Middle East, Africa and Central Asia, will oversee the office. His brief includes deepening ties with Gulf institutions, expanding private wealth services, and targeting transformational investment opportunities in technology, energy, healthcare, education, infrastructure and luxury retail. This move follows a wave of asset managers and financial firms establishing regional outposts at ADGM, which is capitalising on Abu Dhabi's strategic efforts to diversify its economy and grow its financial centre. The number of firms at ADGM rose by 32%, and assets under management surged by 245% last year. Suhail Albaz's mandate reflects this momentum, with Partners Group seeking to leverage regional demand, especially from sovereign wealth funds, family offices and institutional investors. The firm has had a UAE presence since opening a Dubai office in 2010 and has since employed over 2,000 people regionally through its portfolio companies. Albaz noted that education and healthcare are natural entry points for investment, citing the group's International School Partnerships acquiring its tenth school in the region. The firm is now assessing opportunities in renewables and luxury retail, planning equity investments between $1 billion and $1.2 billion. ADVERTISEMENT This announcement also highlights Abu Dhabi's growing appeal as a hub for global financial institutions and fintech clients. ADGM has attracted heavyweights including BlackRock, Morgan Stanley, Circle, Coinbase and PGIM. ADGM Chief Market Development Officer Arvind Ramamurthy emphasised an accelerating pipeline of firms from Japan, India and China. Steffen Meister, Executive Chairman of Partners Group, stated that Abu Dhabi is evolving into a global focal point for technology, energy, next-generation manufacturing and digital services. He highlighted the region's ability to attract significant investment on account of both regional opportunities and partnerships with local investors. The firm's regional private wealth business appointed Venugopal Reddy as Head of Private Wealth Middle East last year, signalling further intent to grow its client base. Abu Dhabi's strategy to expand its financial centre is manifest in a 67% jump in new licences in the first quarter, bringing the total number of operating entities to over 2,380. Aside from Partners Group, U.S. firm Harrison Street, along with PGIM and I Squared Capital, have also announced new regional offices or licenses at ADGM. The surge is part of a broader trend as international firms seek access to the Gulf's nearly $2 trillion in sovereign wealth funds, favourable tax environments, well‑regulated financial markets and strategic geographic location. ADGM, writing its laws in English common law, and offering an attractive regulatory framework, stands as a credible gateway to both regional and global investment markets.
Yahoo
4 days ago
- Business
- Yahoo
IHC unveils RIQ as new reinsurance platform name in Abu Dhabi's ADGM
IHC, a global investment company, has unveiled Reinsurance Intelligence Quotient (RIQ) as the official name of its new reinsurance platform, based in Abu Dhabi Global Market (ADGM). This follows IHC's recent announcement of its collaboration with BlackRock and Lunate, with the aim to establish a reinsurance platform. The platform will cater to the reinsurance needs of the future, focusing on property and casualty (P&C), life and specialised market segments, with an emphasis on high-growth markets. RIQ's strategy is to utilise AI for improved risk selection, cost management and customer service. RIQ is progressing through the final regulatory approvals with the Financial Services Regulatory Authority (FSRA) of ADGM and is gearing up for operational readiness. Additionally, RIQ's Board of Directors has been formed, chaired by Sultan Ahmed Al Jaber. The board features figures such as Mohamed Hassan Alsuwaidi, Syed Basar Shueb, Sofia Abdellatif Lasky and Mark Wilson. RIQ CEO and IHC Board member Syed Basar Shueb said: 'RIQ is the embodiment of IHC's vision to invest in the next frontier of global financial services. Backed by AI, robust capital and strategic alignment with world-class partners, RIQ is set to elevate the insurance and capital markets ecosystem across the region and beyond.' The platform's foundation in AI is intended to provide real-time insights and enhance underwriting precision. RIQ has secured more than $1bn (Dh3.67bn) in initial equity commitments and aims to manage more than $10bn in liabilities. RIQ CEO Mark Wilson stated: 'We are proud to officially launch RIQ. Our new name signals our long-term commitment to building a high-performance, AI-native reinsurance company with the scale and agility to lead in a rapidly changing world. 'Our board's collective experience and our strategic partnerships provide an exceptional foundation for sustainable global growth.' "IHC unveils RIQ as new reinsurance platform name in Abu Dhabi's ADGM " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
4 days ago
- Business
- Zawya
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 or follow us on LinkedIn and Instagram: @ADGM X: @adglobalmarket For media queries, please contact: E: media@
