Abu Dhabi: Abu Dhabi Global Market (ADGM), the new financial Centre in the capital announced their partnership with Bloomberg Media on Wednesday.

The centrepiece of the new partnership will be the association with the Bloomberg Markets Most Influential summit, with Abu Dhabi joining New York, London and Hong Kong as the latest international financial Centre to host Bloomberg’s premium annual event. The summit would be held in December.

The media company also announced the launch of Middle East edition of its news website and opening a studio in Dubai to provide live video content from the region including regular live bulletins from Abu Dhabi to air on Bloomberg Television from early May.

A new prime time morning show, Bloomberg Markets: Middle East will focus on the cross-section between the region’s politics, markets, economies and companies.

“Today’s announcement is a significant milestone in our evolution towards a global, digital first, multi-platform media brand,” said Justin B Smith, Chief Executive Officer of Bloomberg Media speaking at a press conference in Abu Dhabi on Wednesday.

Opportunities

“In the last year, we have launched regional sites in EMEA and Asia, entered into an ambitious multi-platform partnership in India and now we are expanding our reach in the Middle East through investing in platforms, people and technology.”

“Abu Dhabi has some significant resources and capital with one of the largest sovereign wealth funds in the world. There are a lot of opportunities for expansion,” he said when asked about selecting Abu Dhabi to expand their operations.

Daher Bin Daher, CEO of Registration Authority at ADGM said they are trying to create business friendly environment in order to attract more companies to set up their business in the new financial Centre.

ADGM was established by federal decree in 2013 and opened for business in October last year. It aims to play an important role in positioning Abu Dhabi as a global Centre for business and finance that connects with the growing economies of the Middle East, Africa and South Asia.