lørdag 8. november 2025

As Rivalries Grow, One Financial Hub Seeks to Bridge US, China, India

Rivalries may be deepening between the world’s biggest economic powers, but fast-growing Middle Eastern financial center Abu Dhabi aims to seal its place as a hub for them and the rest of the world.

The capital of the United Arab Emirates, Abu Dhabi got a later start on becoming a financial hub than the country’s biggest city, Dubai, but it now aims to be one of the top five global financial centers in the next 10 years—alongside such places as New York, London, Singapore and Hong Kong. Abu Dhabi Global Market (ADGM) is Abu Dhabi's international financial center and its free economic zone.

“We are starting to see the world is more multipolar. You're seeing that in many ways. People are looking for new hubs. We believe Abu Dhabi is that,” Arvind Ramamurthy, ADGM’s chief market development officer, told Newsweek in an interview in Abu Dhabi. “We are fundamentally open to business. We work with everyone, whoever.”