A view of the Abu Dhabi Global Market. The emirate registered 434,647 Customs transactions in the first five months Alamy
A view of the Abu Dhabi Global Market. The emirate registered 434,647 Customs transactions in the first five months Alamy
A view of the Abu Dhabi Global Market. The emirate registered 434,647 Customs transactions in the first five months Alamy
A view of the Abu Dhabi Global Market. The emirate registered 434,647 Customs transactions in the first five months Alamy

ADGM agrees on research tie-up with Cambridge Centre for Alternative Finance


Alkesh Sharma
  • English
  • Arabic

Abu Dhabi Global Market Academy, the education arm of the UAE capital's free zone, has signed a research agreement with the Cambridge Centre for Alternative Finance (CCAF).

The partnership will carry out regional market and regulatory research which will inform decision-making. It will also undertake data-driven and evidence-based capacity building and education, which can be used both for online courses and offline training programmes for regulators and policymakers in the Mena region, the organisations said.

“We are pleased to ink this agreement with our strategic knowledge partner … as we reinforce our commitment to enriching the Mena region’s knowledge sector,” said Hamad Al Mazrouei, managing director of ADGM Academy.

Partnering with international and regional academic institutions was a key pillar of the academy’s “overarching strategy and mandate”, Mr Mazroui added.

"We will continue to work alongside like-minded institutions to further our learning ecosystem and introduce progressive frameworks that look to strengthen the financial sector.”

ADGM Academy already has a number of partnerships in place, offering training and education with organisations such as the Insead Business School and the London Institute of Banking and Finance, as well as professional bodies such as the Chartered Institute for Securities and Investment and the CFA Institute, according to its website.

CCAF is part of the University of Cambridge's Judge Business School, which was placed 26th in the 2020 FT Executive Education Rankings published by the Financial Times on Sunday.

The FinTech sector in the Middle East and Africa is forecast to make up 8 per cent of the total revenue from financial services by 2022, driven by customer demand and increased investment, according to a report released by professional services company Accenture in November 2018.

The region's young and fast-growing population, who are more familiar with new technologies, was one of the main drivers for FinTech sector growth cited by the report.

“Given ADGM’s leadership position in terms of regulatory innovation, market creation and cross-border connectivity … the CCAF is pleased to collaborate to support the potential of FinTech and achieve systematic impact in the region,” said Robert Wardrop, director and co-founder of the CCAF.

The FinTech sector is enjoying fast growth in the region, with the number of companies set to grow to 1,845 by 2022, up 230 per cent on the 559 companies in 2015, according to a MENA Research Partners report.

UAE currency: the story behind the money in your pockets
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Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

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10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
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  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
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  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
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Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

MATCH INFO

Sheffield United 0 Wolves 2 (Jimenez 3', Saiss 6)

Man of the Match Romain Saiss (Wolves)

THE SPECS

Engine: 6.0-litre, twin-turbocharged W12

Transmission: eight-speed automatic

Power: 626bhp

Torque: 900Nm

Price: Dh1,050,000

On sale: now

MATCH INFO

First Test at Barbados
West Indies won by 381 runs

Second Test at Antigua
West Indies won by 10 wickets

Third Test at St Lucia
February 9-13

 

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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The Vines - In Miracle Land
Two stars

How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.