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ADFW to return for its second edition in November 2023, under Khaled bin Mohamed bin Zayed’s patronage

ABU DHABI, 23rd June, 2023 (WAM) — Under the patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, Abu Dhabi Global Market (ADGM), the international financial centre of UAE’s capital city, is set to launch the second edition of its ground-breaking event, Abu Dhabi Finance Week (ADFW) in November 2023

The 2023 edition of ADFW is set to run from 27th to 30th November 2023 under the theme of ‘Investing in the Transition Era’, building on the successes and strong foundation positioned by its first edition. The event will seek to examine the factors affecting capital flows and monetary systems, the resultant services and facilities, and the industrial and social sectors that impact the global financial system, as it will collectively seek to collaborate on maximising the opportunities, and minimising the challenges presented within this transitional era.

ADFW will take place directly between the Abu Dhabi Grand Prix and COP28 and anticipates welcoming a highly international and diverse audience of up to 10,000 business leaders from over 100 countries, including senior industry leaders, policymakers, regulators, investors and bankers. The four-day event will be staged across four major conferences, three of them being internal conferences, namely, Asset Abu Dhabi, Fintech Abu Dhabi, R.A.C.E (Regulation, Awareness, Collaboration, Ecosystem) Sustainability Summit and an external conference, namely, Fortune Global Leadership Forum.

ADFW’s grand opening ceremony will be followed by the “Fortune Global Leadership Forum” conference that will gather leaders of the world’s biggest multinational corporations and “Asset Abu Dhabi”, an asset allocator and asset manager-focused investment management conference, both events continue until 28th November 2023.

This year’s Fintech Abu Dhabi conference will take place on 29th November 2023 and will explore the intersection of tech and finance, including an AI Forum, Risk & Security forum, Blockchain Summit, Payments/commerce event and a Regulators summit. The last day of ADFW will host R.A.C.E, a sustainable finance event, which explores the capital gap between the finance needed for Net Zero, and the available finance, and innovative ways to bridge the gap.

Representing the strongest assemblage of leadership from the international financial spectrum the event will gather iconic names such as Ray Dalio, Founder of Bridgewater Associates; Jennifer Johnson, President and CEO of Franklin Templeton; and Jenny Lee, Midas List Venture Capitalist and Managing Partner at GVV Capital. It will also include famous hedge fund leaders, Alan Howard, Co-founder of Brevan Howard Asset Management LLP; Sir Christopher Hohn, The Children’s Investment Fund Founder; and Jay Clayton, Former SEC Chairman. The list continues with eminent names such as H.R.H. Prince Khaled bin Alwaleed bin Talal Al Saud, Founder and CEO of KBW Ventures; Hong Kong Exchanges and Clearing Ltd. Chairman Laura Cha; Ruchir Sharma, Rockefeller Chairman; FORTUNE CEO, Alan Murray; top independent analyst Benedict Evans; Chairman of Wamda and Founder of Aramex Fadi Ghandour. Renowned private equity CEOs like Alec Gores, Antoine Flamarion and Paul Desmarais will also join with hundreds of more speakers travelling to Abu Dhabi for ADFW 2023.

Commenting on the launch of ADFW’s 2023 edition, Ahmed Jasim Al Zaabi Chairman of ADDED and ADGM, said, “We are honoured to receive the patronage from H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, for ADFW’s 2023 edition. Global conventions like ADFW and COP28, showcase a key time in the UAE as both stand to bolster the UAE's position strategically, by convening leaders of the world to participate in insightful discussions around the impactful transformations that are taking place in the region and beyond. With the economic shifts and the transitional era as the core theme, the UAE’s falcon economy has become one of the fastest growing in the region, while Abu Dhabi has been increasingly recognised as the ‘capital of capital’, as they continue playing a key role in the growth of the global capital markets.”

“Telling this story holds the key to maximising these opportunities and minimising the challenges as we strive through extraordinary digital and technological evolutions and energy transitions. ADFW will act as a platform for strategic responses from the financial industry that are critical to funding the development needed for the future and the ways we live, work and thrive.”, he further added.

The event was a global success last year, exceeding all expectations in its first edition. It witnessed local, regional and global participation of approximately 9000 attendees from 102 countries, 346 speakers who participated across 31 events and 105 sessions, 52 strategic partnerships and over 75 MoUs and announcements. With the event corresponding with several major global events in the MENA region, it is expected to be one of the most significant and widely covered investments and finance trade assemblies on the world event calendar of the financial industry. ADFW 2023 aims to go bigger this year as it continues to attract global markets to the Falcon economy in the ‘Capital of capital’.

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Emirates

Hamriyah and Deira ports record AED 12.133b in customs declaration value for first nine months of 2023

Dubai Customs plays a crucial role as the frontline defense for community security, consistently advancing its customs centers to safeguard and facilitate maritime trade. H.E. Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of
Ports, Customs and Free Zone Corporation, recently visited Creek Customs Center, Deira Port, and Hamriyah Port Customs Center to evaluate progress and oversee ongoing efforts for continuous customs service development. During this visit, several executive directors, department heads, and customs center managers were present.

Ahmed Mahboob Musabih, accompanied by Rashid Al Dhabah Al Suwaidi, Acting Director of Seae Customs Centers Management, conducted inspections at Khor Customs Center, Deira Port, and Hamriyah Port Customs Center. Managers Abdulaziz Ibrahim Al Salman and Majid Salem Al Tawilah provided insights into workflow progress and accomplishments. Over the first nine months of this year, 62,454 customs declarations were processed, totaling AED 12.133 billion, with 19 seizures recorded during the same period. A visit to Hamriyah Port Customs Center showcased an advanced container X-ray inspection device, supporting increased inspection operations.

Subsequently, visits to Khor Customs Center and Deira Port highlighted achievements, including a notable seizure called the “Wheelhouse,” which successfully prevented an attempt to smuggle 243 kilograms of narcotics into the country. Commending customs employees, Ahmed Mahboob Musabih emphasized the pivotal role of maritime customs centers in ensuring community security and facilitating trade. The department collaborates for efficient goods clearance and acknowledges employee efforts
during the COVID-19 pandemic, contributing to the department’s support for global efforts to revive maritime navigation and international trade.

Musabih clarified that the department’s advanced capabilities in monitoring and inspection enable it to keep pace with the UAE’s rapid foreign trade growth. Supporting Dubai’s economic agenda D33, the department aims to double foreign trade and enhance economic partnerships with key global markets. Efforts to boost customs inspector efficiency continue through training courses, ensuring their ability to thwart smuggling attempts. Continuous development of X-ray scanning
devices and the K9 customs dog unit further enhances contraband control achievements. Rasheed Al-Dabah explained that the forthcoming period will witness the advancement of new initiatives and mechanisms in the realm of inspection and examination. These initiatives are grounded in a forward-looking perspective to introduce cutting-edge technologies utilized in examining maritime transport vessels, wooden ships, and ships engaged in fish trade.

He remarked, “Our endeavors are harmonized to enhance performance in sea customs centers, concurrently focusing on bolstering monitoring, tracking, and technical support activities to yield optimal outcomes through continuous and productive collaboration among all specialized teams within the department. The Customs centers in Deira, Al Khor, and
Hamriyah Port Customs Center shoulder their vital responsibilities in safeguarding society and facilitating maritime trade through Dubai Creek and Hamriyah Port, supporting the ongoing growth of the national economy.”

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Emirates

Dubai Customs Hosts Sharjah Housing Delegation to Strengthen Government Communication Ties

Dubai Customs, represented by the Corporate Communication Department, warmly welcomed a delegation from the Sharjah Housing Department. The purpose of the visit was to familiarize the delegation with the duties and responsibilities of the
Corporate Communication Department and its affiliated divisions. The delegation also aimed to explore the awards received by the department, notably the recognition as the Best Government Communication Team in the Sharjah Government Communication Award for 2023.

Khalil Saqer bin Gharib, Director of Corporate Communication Department, along with department managers, extended a cordial reception to the Sharjah Housing delegation, which included Dr. Ahmed Rashid Al Nuaimi, Director of Government Communication, Nada Sivan, Head of the Public Relations and Events Department, and Hamad Saleh Al Hamadi, Head of
the New Media Department. Bin Gharib highlighted the department’s commitment to strengthening communication with government entities to exchange practical experiences and knowledge. The delegation was briefed on Dubai Customs exceptional performance in customs operations and other facets.

The meeting delved into discussions on potential avenues for collaboration, with the Sharjah Housing delegation. Emphasis was placed on the crucial role played by Dubai Customs’ Corporate Communication Department, customs administrations, and centers in ensuring security and safeguarding society. The delegation was presented with an overview of the department’s working mechanisms, awareness campaigns, events, and activities conducted internally and externally, aligning with Dubai Customs esteemed reputation.

Furthermore, the Sharjah Housing delegation acquired an understanding of the best media practices adopted by the Corporate Communication Department, showcasing its outstanding performance in enhancing knowledge and media dissemination to all partners. This has resulted in the department establishing and fortifying relationships with local and international media
entities. The presentation also encompassed the factors contributing to the department’s receipt of the award for the Best Government Communication Team in the Sharjah Government Communication Award.

Dr. Ahmed Rashid Al Nuaimi, Director of Government Communication at Sharjah Housing, expressed appreciation for the efforts of Dubai Customs Corporate Communication Department, acknowledging its excellence and significant contribution to enhancing the department’s standing. Dr. Al Nuaimi affirmed Sharjah Housing’s commitment to fostering ongoing visits and meetings with Dubai Customs, aiming to achieve the highest level of coordination and benefit from the Corporate Communication Departmen’s experience in securing numerous local and international awards.

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Emirates

Zayed Sustainability Prize opens submissions for 2025 cycle

The Zayed Sustainability Prize, the UAE’s pioneering global sustainability and humanitarian award, has officially announced that the 2025 cycle is now open for submissions.  Submissions will be accepted until 23 June 2024 through the Prize’s online portal. Small to medium enterprises (SMEs), nonprofit organisations (NPOs) and high schools with sustainable solutions are invited to submit an entry for consideration in one of the six categories of Heath, Food, Energy, Water, Climate Action and Global High Schools. Commenting on the launch of the 2025 submissions cycle, H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Director General of the Zayed Sustainability Prize, and COP28 President, said: “Since 2008, the
Zayed Sustainability Prize has honoured the legacy of Sheikh Zayed by fostering inclusive sustainable and humanitarian development around the world. In this decisive decade for climate change, these values are more important than ever. I am optimistic that the Prize will contribute to global climate action in line with the UAE Consensus, which will pave the
way toward an effective response to the Global Stocktake decision.” In response to the pressing climate crisis, and to further support the UAE’s efforts to accelerate practical solutions needed to drive climate action and uplift vulnerable communities around the world, the Prize has increased its funds from US $3.6 million to US $5.9 million. The Prize will reward US $1 million to each winner in the organisational categories of Health, Food, Energy, Water and Climate Action. Within the Global High Schools category, which is split into six world regions, each school can claim up to US $150,000 to start or further expand their project. The six world regions of the Global High Schools category are The Americas, Europe and Central Asia, Middle East and North Africa, Sub- Saharan Africa, South Asia, and East Asia and Pacific. The most recent Zayed Sustainability Prize winners were recognised at an Awards Ceremony held during COP28 UAE. To encourage a broader range of organisations and high schools to participate, the Prize will be accepting submissions in multiple languages, including Arabic, Chinese, English, French, Russian, Spanish, and Portuguese. This will ensure that innovative solutions from diverse linguistic and cultural backgrounds can be recognised. For the Health, Food, Energy, Water and Climate Action categories, organisations should prove that they are improving access to essential products or services in their targeted communities and are able to implement a long-term vision for better living and working conditions. For the Global High Schools category, projects should be led by students, and must demonstrate innovative approaches to address sustainability challenges. The evaluation of each submission to the Prize consists of a rigorous, three-stage process. First, due diligence is conducted on all submissions to ensure that they meet the Prize’s evaluation criteria of Impact, Innovation, and Inspiration. This identifies the qualified entries and results in the selection of eligible candidates. Following this, evaluations are undertaken by a Selection Committee consisting of category-specific panels of independent international experts. From this shortlist of candidates, the finalists are chosen and then sent to the Prize Jury who unanimously elect the winners across all six categories.   Winners of the Zayed Sustainability Prize will be announced at an Awards Ceremony during the 2025 Abu Dhabi Sustainability Week (ADSW).

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