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CNBC unveils plans for Middle East Headquarters in Abu DhabiADGM 12/12/2017
Daily programming from ADGM to connect Abu Dhabi to the world's financial capitals
Abu Dhabi, UAE / London, UK: CNBC, the world’s number one business and financial news network, today unveiled plans for a Middle East Headquarters in the heart of Abu Dhabi, the Capital of the United Arab Emirates. The network will begin broadcasting from a new studio at Abu Dhabi Global Market (ADGM), the international financial centre of Abu Dhabi, in the first quarter of 2018.
The network plans to anchor one of its daily global business news programs from its new Abu Dhabi base at ADGM, while establishing a stronger editorial presence across the region. Expansion of both the CNBC feature franchise Access Middle East and the network’s regional event coverage are also planned.
KC Sullivan, President and MD of CNBC International said: "Abu Dhabi offers an excellent base for CNBC in the Middle East. It is home to many of the region's key businesses and decision-makers as well as being a major financial services hub. We're excited about the prospect of using our ADGM base to grow our regional coverage and audience. We also plan to bring our full suite of commercial services to the region and will work with local clients on tailored events, research and commercial content."
His Excellency, Ahmed Ali Al Sayegh, Chairman of ADGM, said: "We welcome CNBC to Abu Dhabi and are glad CNBC has decided to use ADGM as the base to expand its news reach in this region. The presence of CNBC here augments Abu Dhabi's position as one of the leading global business and financial hubs. ADGM will continue to play its part to connect local and global businesses to opportunities in this region, as well as to enable investors to access actionable financial news and information."
Earlier in 2017, CNBC began broadcasting regular Middle East business updates live from ADGM fronted by Middle East Anchor, Hadley Gamble. The network is now making the next logical step in establishing a full studio presence.
CNBC currently broadcasts daily from headquarters in New York, London and Singapore. With the addition of its Middle East Headquarters at ADGM, CNBC will connect Abu Dhabi to the world's financial capitals.
Notes to editors:
- CNBC will recruit x10 roles initially at the Headquarters. All available roles can be found at CNBCiCareers.com
- Arabic translation of this press release is available on request
CNBC is the leading global broadcaster of live business and financial news and information, reporting directly from the major financial markets around the globe with regional headquarters Singapore, London and New York. The TV channel is available in more than 409 million homes worldwide.
CNBC.com is the preeminent financial news source on the web, featuring an unprecedented amount of video, real-time market analysis, web-exclusive live video and analytical financial tools.
CNBC is a division of NBCUniversal. For more information, visit www.cnbc.com.
About Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM), an international financial centre located in the capital city of the United Arab Emirates, opened for business on 21st October 2015.
In line with the Abu Dhabi's Economic Vision, ADGM is a natural extension of Abu Dhabi's role as a reliable and responsible member of the global financial community. Strategically situated in Abu Dhabi, home to one of the world's largest sovereign wealth funds, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance that connects the growing economies of the Middle East, Africa and South Asia.
ADGM's three independent authorities, the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, enable registered companies to conduct business in a zero-percent tax environment and operate with confidence within an international regulatory framework with its own independent judicial system and legislative infrastructure based on the Common Law.
Established by a UAE Federal Decree as a broad based financial centre, ADGM's foundation is anchored on three of Abu Dhabi's strategic strengths - private banking, wealth management and asset management and will continually expand its financial services in response to the needs of its businesses and marketplace.
Abu Dhabi Global Market is located on Al Maryah Island, a 114-hectare development that is home to world-class business and lifestyle facilities such as the Rosewood and Four Seasons Hotels and Residences, the first ever specialty Cleveland Clinic Hospital outside of USA, luxury retail at the Galleria Mall, and grade-A offices spaces to meet Abu Dhabi's long-term development and economic needs. All these complement ADGM's international financial centre position as a vibrant destination in the capital city in Abu Dhabi.
For more details of ADGM, please visit www.adgm.com or follow us on Twitter: @adglobalmarket and LinkedIn: ADGM