ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, announced that the International Swaps and Derivatives Association (ISDA), recognised ADGM as an effective netting regime and published a positive legal opinion to its members. The new recognition further reinforces ADGM’s position in providing a robust legal framework, which allows financial institutions and corporates …

Abu Dhabi / Emirates Business Etihad Airways and its international cash management bank partner Citi have successfully completed a project six months ahead of schedule to introduce new automated treasury tools at the airline. The 18-month project saw Etihad Airways implement Citi’s Liquidity Management solution across its international network to achieve substantial cash optimisation and competitive market rates resulting in …

Abu Dhabi / Emirates Business Despite the recent projected downward trend in Chinese trade growth, China looks set to maintain its position as Dubai’s biggest trade partner as annual China Trade Week UAE returns from September 25-27. Currently, about 60 percent of China’s total trade passes through UAE, from where it is re-exported to Africa and Europe. China remained Dubai’s …