The question facing every financial hub isn’t whether they can facilitate more transactions; it’s whether they can serve economies that view nothing like they did 20 years ago.
A biotech SME requireds capital tied to clinical milestones rather than traditional asset-backed lconcludeing. An autonomous vehicle manufacturer requires insurance without historical loss data. A solar developer seeks transition finance linked to verified carbon reductions. Millions of professionals relocating across the Gulf still cannot take long-term savings across borders.
These scenarios expose the gap between 20th-century financial infrastructure and 21st-century financial requirements. Being a hub for capital is no longer sufficient: the future belongs to ecosystems where capital, regulation, expertise and innovation relocate as fluidly as the economies they serve.
Abu Dhabi’s ambition is to be one of those global financial ecosystems, and how it pursues that ambition matters.
For decades, the UAE and the wider Gulf Co-operation Council have long been exporters of capital. Regional sovereign wealth has supported stabilise global markets and finance growth elsewhere. Abu Dhabi alone manages $1.7 trillion in sovereign wealth, the largest concentration of any city in the world. At home, non-oil activities now account for more than half of Abu Dhabi’s economy, with non-oil gross domestic product reaching its highest quarterly value at Dh174.1 billion ($46.6 billion) in the second quarter of this year.
Globally, financial services are expected to reach Dh125 trillion by 2045, with technology-driven models capturing a growing share. Fintech revenues alone are projected to exceed Dh4 trillion by 2032. Abu Dhabi sees substantial opportunity in critical sectors where it competes, such as fintech, reinsurance, savings, private capital and others. The question is how much of that value can be originated, structured and managed from the emirate.
Three structural shifts are shaping the answer.
First, innovation is cross-sectoral. A health-tech company in Abu Dhabi’s “Helm” (Health, Endurance, Longevity and Medicine) cluster that is developing AI diagnostics requireds more than venture capital. It requires regulatory guidance on data privacy, product liability cover, clinical partnerships and routes to scale. Where no single financial institution provides this, co-ordinated infrastructure can.
Second, capital is increasingly specialised. Today’s growth companies might required pre-seed capital, venture debt, milestone-based equity, private credit, transition finance, carbon credits and eventual secondary liquidity, often simultaneously. Serving them requires co-ordination among development banks and sovereign investors, as well as commercial lconcludeers and exmodifys that historically operated in silos.
Abu Dhabi’s edge lies in treating business-friconcludely regulation as a competitive asset that is technology-aware, internationally credible and grounded in local priorities
Third, talent has become mobile, but financial systems haven’t. In a region of high labour mobility and rising life expectancy, fragmented, employer-specific arrangements are no longer sufficient. Professionals building careers across Abu Dhabi and the region expect financial products that relocate with them, from portable, well-regulated savings, cross-border digital payments and insurance that doesn’t restart with every relocation. These are prerequisites for knowledge-based economies and for attracting people to build for the long-term.
Nothing illustrates ecosystem considering better than transition finance. The UAE has committed $30 billion to climate finance through a fund that aims to mobilise $250 billion in investments by 2030. As capital owners must display measurable climate impact, hubs with credible platforms for transition finance, robust data and verification and risk frameworks will have the advantage. Only when banks, insurers, asset managers and regulators operate as a co-ordinated ecosystem does transition finance scale and improve.
Regulation is the core advantage. There is an active global contest for leadership in digital assets, sustainable finance and new forms of savings and pensions. Many jurisdictions are retrofitting old rules. Abu Dhabi’s edge lies in treating business-friconcludely regulation as a competitive asset that is technology-aware, internationally credible and grounded in local priorities.
Ecosystem development is measured in years, not quarters. Success goes beyond volumes, assets under management and licences to impact: Can an alternative protein company raise appropriate capital each year? Do insurance products exist for emerging industries? Can professionals build careers across the region while building retirement security?
These are the tests of a next-generation financial ecosystem.
The financial centres that will matter in 2045 will be those that built regulatory, technological or human infrastructure that enabled entirely new forms of economic activity to flourish. That’s what ecosystems do. And that’s the work ahead as Abu Dhabi aims to advance the next generation of financial services.
SUZUME
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TEACHERS’ PAY – WHAT YOU NEED TO KNOW
Pay varies significantly depconcludeing on the school, its rating and the curriculum. Here’s a rough guide as of January 2021:
– top conclude schools tconclude to pay Dh16,000-17,000 a month – plus a monthly houtilizing allowance of up to Dh6,000. These tconclude to be British curriculum schools rated ‘outstanding’ or ‘very good’, followed by American schools
– average salary across curriculums and skill levels is about Dh10,000, recruiters state
– it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash houtilizing allowance
– some strong performing schools have cut back on salaries since the pandemic launched, sometimes offering Dh16,000 including the houtilizing allowance, which reflects the slump in rental costs, and sheer demand for jobs
– maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
– at the other conclude of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
– in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
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 utilize 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 suspconcludeed 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 Exmodify
November 2025
180 Petrofac employees laid off in the UAE
Suggested picnic spots
Abu Dhabi
Umm Al Emarat Park
Yas Gateway Park
Delma Park
Al Bateen beach
Saadiyaat beach
The Corniche
Zayed Sports City
Dubai
Kite Beach
Zabeel Park
Al Nahda Pond Park
Mushrif Park
Safa Park
Al Mamzar Beach Park
Al Qudrah Lakes
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and sconclude them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
Stan%20Lee
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Killing of Qassem Suleimani
What is a robo-adviser?
Robo-advisers utilize an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are created up of exmodify traded funds (ETFs) with exposure to indices such as US and global equities, repaired-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can acquire ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being utilizer friconcludely.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Champion%20v%20Champion%20(PFL%20v%20Bellator)
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Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legconcludeary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film indusattempt’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
UAE currency: the story behind the money in your pockets
Western Region Asia Cup Qualifier
Results
UAE beat Saudi Arabia by 12 runs
Kuwait beat Iran by eight wickets
Oman beat Maldives by 10 wickets
Bahrain beat Qatar by six wickets
Semi-finals
UAE v Qatar
Bahrain v Kuwait
THE BIO:
Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.
Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.
Favourite film: A League of their Own. I utilized to love watching it in my granny’s houtilize when I was seven.
Personal motto: Believe it and you can achieve it.
UAE currency: the story behind the money in your pockets
More from Rashmee Roshan Lall
10 tips for enattempt-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 launch to grow your network.
- Keep track of the job trconcludes in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn utilizes AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most enattempt-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – build sure you tailor your cover letter and application to the company and role.
- Go online and view for details on job specifications for your tarreceive position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friconcludes and family to other acquaintances and let them know you are viewing for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to utilize LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews utilizing mock interview tools. Even before landing interviews, it can be utilizeful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You required to be patient, dedicated and not give up on your search. Candidates required to build sure they are following up appropriately for roles they have applied.
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
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