FINANCIAL HUB

Abu Dhabi launches FIDA hub to shape future of global finance

FIDA was introduced by Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, amid the torrent of announcements at Abu Dhabi Finance Week

Vidhyaa Chandramohan/Bloomberg via Getty Images

Abu Dhabi has for years been trying to establish itself as an attractive alternative to neighboring Dubai.

Abu Dhabi unveiled a new financial services hub to help launch companies and assist them in managing regulatory obstacles that hamper growth.

Launched on Tuesday by the Abu Dhabi Investment Office and the Department of Economic Development, the...