Abu Dhabi Global Market records 31pc surge

RIYADH, Aug 15 (Arab News): The number of operational entities in the Abu Dhabi Global Market rose to 2,088 in the first half of 2024, reflecting a 31 per cent surge compared to the same period in 2023.
During the first half, ADGM - an international financial centre and free zone - saw the addition of 231 financial services companies as the UAE's capital continues to provide development initiatives and ease of doing business.
The growth in the number of operational entities was complemented by the number of Financial Services Permissions granted in the first six months, equivalent to 42 - a surge of more than 90 per cent, ADGM said.
The financial centre also issued 1,271 new licenses in the first half of the year, up 20.5 per cent on an annual basis.