Argentem Creek Partners, a New York-based credit specialist firm, will establish its regional headquarters at Abu Dhabi Global Market (ADGM) in partnership with the Abu Dhabi Investment Office (Adio).
The move will allow Argentem Creek, which has investments across private credit, high yield and trade finance, to tap into investment opportunities across the Middle East and North Africa and Asia, Adio said on Thursday.
Under the agreement, Adio will provide financial and non-financial incentives to support Argentem Creek’s regional hub.
The partnership is part of Adio's Dh2 billion ($545 million) Innovation Programme that supports companies in high-growth areas.
A range of sectors in the region, including manufacturing, logistics, trade finance and food security, will benefit from Argentem Creek's presence in Abu Dhabi, because they will have access to the company's emerging market and credit expertise, said Abdulla AlShamsi, acting director general of Adio.
"The partnership will also help to develop local talent and support the continued growth of Abu Dhabi’s financial services infrastructure with emerging markets knowledge and deal flow," he said.
"The partnership through Adio's Innovation Programme illustrates our continued commitment to accelerating innovation in high-growth areas that will create impactful progress in the UAE and the wider region.”
Abu Dhabi is seeking to attract global companies from across sectors to set up their operations in the emirate as it expands its economy.
Amazon, the world's biggest e-commerce marketplace, has partnered with Adio to build the Middle East's most technologically advanced warehouse in the emirate.
In May, supermodel-turned-businesswoman Tyra Banks, who headlined the inaugural session of the Adio-backed Access Granted talk series, also chose the emirate as the first international market for her premium ice cream brand, Smize Cream.
Adio also supports start-ups through programmes such as its GrowthX Accelerator, a partnership with Microsoft that aims to provide selected companies with access to the market and investors.
The partnership will also help to develop local talent and support the continued growth of Abu Dhabi’s financial services infrastructure with emerging markets knowledge and deal flow
Abdulla AlShamsi,
acting director general of the Abu Dhabi Investment Office
ADGM, Abu Dhabi's financial capital centre, has introduced several initiatives to boost its growth and attract more companies. This includes efforts to promote and regulate the use of blockchain, decentralised finance and other digital assets.
Argentem Creek is set to benefit from Abu Dhabi's access to global markets and talent, in addition to a favourable time zone that overlaps with key international markets, the statement said.
The company will also be able to tap into the growing local economy and gain access to some of the world’s largest sovereign wealth funds, said Daniel Chapman, chief executive and chief information officer of Argentem Creek.
"Moreover, ADGM’s strong framework for asset management companies and funds, fosters a business-friendly environment for industry practitioners while retaining appropriate levels of investor protection," he said.
“Our Abu Dhabi regional office [gives] greater proximity to clients, deal flow and investors in existing and future opportunities. Abu Dhabi offers the infrastructure, business opportunities and highly skilled local talent that will enhance our existing global relationships and investment expertise."
Argentem Creek, founded in 2015, has offices in Minneapolis, London and Buenos Aires.
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
MATCH INFO
Rugby World Cup (all times UAE)
Final: England v South Africa, Saturday, 1pm
The specs
Engine: 8.0-litre, quad-turbo 16-cylinder
Transmission: 7-speed auto
0-100kmh 2.3 seconds
0-200kmh 5.5 seconds
0-300kmh 11.6 seconds
Power: 1500hp
Torque: 1600Nm
Price: Dh13,400,000
On sale: now
Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
PETER%20PAN%20%26%20WENDY
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EDavid%20Lowery%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Alexander%20Molony%2C%20Ever%20Anderson%2C%20Joshua%20Pickering%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Floward%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%2C%20Saudi%20Arabia%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EAbdulaziz%20Al%20Loughani%20and%20Mohamed%20Al%20Arifi%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EE-commerce%0D%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3EAbout%20%24200%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EAljazira%20Capital%2C%20Rainwater%20Partners%2C%20STV%20and%20Impact46%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E1%2C200%3C%2Fp%3E%0A
The specs
Engine: 2.3-litre, turbo four-cylinder
Transmission: 10-speed auto
Power: 300hp
Torque: 420Nm
Price: Dh189,900
On sale: now
Yuki Means Happiness
Alison Jean Lester
John Murray
THE LOWDOWN
Photograph
Rating: 4/5
Produced by: Poetic License Motion Pictures; RSVP Movies
Director: Ritesh Batra
Cast: Nawazuddin Siddiqui, Sanya Malhotra, Farrukh Jaffar, Deepak Chauhan, Vijay Raaz
More from Armen Sarkissian
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
UAE currency: the story behind the money in your pockets
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
Company%20Profile
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