Abu Dhabi – Mubasher: The Registration Authority of Abu Dhabi Global Market (ADGM) has penned an agreement with Ras Al Khaimah International Corporate Centre (RAK ICC) to boost business operations between Abu Dhabi and Ras Al Khaimah through mutual sharing of insights on common issues while furthering bilateral secondment opportunities.
The agreement will allow the two entities to share expertise, ease common activities, signalling their shared commitment to promoting the legislative, procedural and information technology frameworks in both jurisdictions, said a press release on Tuesday.
The deal was dually-signed by ADGM Registration Authority’s CEO, Dhaher bin Dhahr Al Mheiri, and CEO of RAK ICC, Sameer Al Ansari.
“We continually collaborate with government entities to provide our entities with a robust pathway to conducting business across the UAE while advocating for increased inter-Emirate cooperation. This agreement is in line with our objectives as an international financial centre and is key in enhancing our entities’ exposure to various jurisdictions,” said Al Mheiri.
In the same vein, chairman of RAK ICC, Sheikh Ahmed bin Saqr Al Qasimi, added, “We are honoured to enter this important partnership with ADGM. Having two reputable internationally-focused jurisdictions in the UAE collaborate together to develop the best practices in industry will help elevate the country’s profile for global investors who are looking for an ideal and strategic destination for their companies.”
On Monday, 19 November, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM FSRA) concluded two Memoranda of Understanding (MoUs) with the Croatian Financial Services Supervisory Agency (HANFA) to promote their regulatory collaboration in the financial technology (FinTech) and investment management fields.
