Latest news with #MohamedAlMarzooqi
Zawya
17-07-2025
- Business
- Zawya
HSBC showcases Emirati artists in Hong Kong with Abu Dhabi Art
Dubai, UAE: HSBC as global partner to Abu Dhabi Art, has brought the works of leading Emirati and Middle Eastern artists to Sotheby's Maison, in Hong Kong for the first time through two unique exhibitions: 'Different Perspectives' presented by HSBC and 'Beyond Emerging Artists' commissioned by Abu Dhabi Art. The initiative underscores HSBC's role as a global convener – connecting communities, creativity, and cultures across continents. The two exhibitions will be presented together at Sotheby's Maison in Hong Kong from 15th to 27th July, showcasing twelve contemporary artists of note from the UAE and around the world. The 'Different Perspectives' exhibition is part of HSBC's global art series and features international contemporary artists such as Mohamed Kazem, Alvaro Barrington, Vivien Zhang, Mohammed Ahmed Ibrahim, Alya Hatta, Emmanuel Awuni, Phoebe Unwin, Xiao Wang and Jin Han Lee. It provides a platform to celebrate different viewpoints, exploring themes of identity, migration, memory, and the human condition. Abu Dhabi Art's 2024 'Beyond Emerging Artists' exhibition celebrates the next generation of creative talent from the UAE and the wider region, featuring artists Fatma Al Ali, Dina Nazmi Khorchid and Simrin Mehra Agarwal. The exhibition spans sculpture, sound and textiles, reflecting on transformation, memory and the emotional connection between people and place. Mohamed Al Marzooqi, CEO,UAE, HSBC Bank Middle East said: 'Connecting ideas and opportunities across borders is what HSBC does best, and we see art as a form of dialogue across cultures. By creating opportunities for international exposure for regional artists, we're not just showcasing art — we're building lasting bridges between communities and markets. This partnership with Abu Dhabi Art is just one way in which we contribute towards the UAE's vision of becoming a global hub for the creative economy.' Dyala Nusseibeh, Director of Abu Dhabi Art, said: 'The Beyond Emerging Artists programme supports UAE artists with curatorial guidance and funding to develop ambitious new commissions, expanding the visibility of their work through international exhibitions. It's incredibly rewarding to witness the global growth of the programme, made possible through our partnership with HSBC. The upcoming Hong Kong exhibition exemplifies our mission to create impactful opportunities for UAE artists to engage with new audiences and gain recognition in leading art centres worldwide'. Fatma Al Ali, an Emirati artist featured in the exhibition, said: 'It's incredibly meaningful to have our stories represented on the global stage. Art is a universal language, and this initiative opens doors for dialogue, appreciation, and understanding across cultures. I'm grateful to HSBC and Abu Dhabi Art for their continued support.' HSBC has been building its collection from its first art acquisition in 1923. Today, it has a powerful collection of more than 4,000 works representing authentic voices offering different perspectives, global and inclusive stories, and artists pushing their practice into new, meaningful and exciting directions. -Ends- Media enquiries to: Ahmad Othman ahmadothman@ About HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024.
Fintech News ME
09-07-2025
- Business
- Fintech News ME
Abu Dhabi Securities Exchange, HSBC, FAB Begin Pricing for MENA's First Blockchain Bond
The Abu Dhabi Securities Exchange (ADX) has initiated the pricing stage for what will be the region's first bond issued using distributed ledger technology (DLT). The bond, issued by First Abu Dhabi Bank (FAB) via HSBC Orion, a digital assets platform operated by Hong Kong's Central Moneymarkets Unit (CMU), marks a notable development in ADX's efforts to support financial innovation and the UAE's digital economy agenda. The listing is the result of a collaboration between ADX, FAB, and HSBC, combining regional financial institutions with international digital issuance expertise. The structure of the bond has been supported by major international law firms to ensure compliance with global governance standards. Institutional investors will be able to access the digital bond through accounts held with CMU, Euroclear, or Clearstream. Participation is available either as a direct HSBC Orion participant or through custodians connected to these platforms. Digital bonds, or fixed-income instruments recorded on blockchain, are intended to enhance efficiency, shorten settlement cycles, reduce counterparty risks, and improve transparency and security. Their introduction on ADX is part of a broader strategy to diversify financial offerings and integrate tokenised finance into the capital markets. HSBC acted as the sole global coordinator, lead manager, and bookrunner for the transaction, playing a key role in bringing blockchain-based issuance to the region. Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, stated: 'The successful issuance of MENA's first blockchain-based digital bond, in close collaboration with FAB and HSBC, marks a defining moment in our journey to transform capital markets through innovation. ADX was central in facilitating this milestone, ensuring the bond's seamless integration with existing post-trade infrastructure and compatibility with global settlement standards.' Mohamed Al Marzooqi, Chief Executive Officer, UAE, HSBC Bank Middle East Limited, said: 'The successful launch of MENA's first digital bond on ADX using HSBC Orion shows how we are transforming the promise of tokenisation into reality for our region. By combining our global experience with trusted local partners, ADX and FAB, we're helping bolster the region's capital markets, making them more transparent, efficient and accessible to investors.' Designed to be compatible with global settlement infrastructure, the bond aims to bridge traditional financial markets with digital issuance models, supporting broader institutional access to digital securities.
Zawya
14-05-2025
- Business
- Zawya
HSBC brings iconic lions to the UAE, reaffirming the bank's long-term commitment to the country and MENAT region
Dubai, UAE: HSBC, the largest international bank in the UAE, has brought its iconic bronze lions – Stephen and Stitt – to its UAE headquarters, marking the first time the bank's global symbols of growth and strength have been installed in the Middle East North Africa and Türkiye (MENAT) region. This historic milestone reflects HSBC's deepening commitment to the UAE and the wider MENAT region, as the bank continues to invest in key growth markets. The bank reported record profit before tax (PBT) of $2.5bn for the MENAT region in 2024, up 10% compared to the previous year, on a constant currency basis, with the UAE contributing $0.9bn in PBT. The presence of the lions, long-standing fixtures at HSBC's global headquarters in London and Hong Kong - now at HSBC Tower in the UAE serves as a bold statement of the international bank's continued ambition in the country. Welcoming the lions to the UAE, Mohamed Al Marzooqi, Chief Executive Officer, UAE, HSBC Bank Middle East Limited, said: 'Our iconic lions have stood guard at HSBC buildings for over a century. Bringing them to the UAE is a powerful symbol of our legacy in this market and our readiness to invest further to support our customers and the economic transformation. The UAE is investing in a future defined by diversification, innovation and global connectivity, and HSBC is here to help make that vision a reality. In line with our strategy, we are investing to grow our Corporate and Institutional Banking (CIB) business here and be the bank of choice in International Wealth & Premier Banking (IWPB). The lions are a visible reminder of our heritage, strength, and future focus.' HSBC has been at the heart of the UAE's financial ecosystem for nearly eight decades since opening its doors as the first bank in the Emirates in 1946, and the country continues to play a pivotal role in the Group's global strategy, serving as a trade, investment, wealth management, and innovation hub connecting Asia, the Middle East, Europe and the Americas. The bank's recent investments in the UAE include a first-of-its-kind digital liquidity management solution for corporate clients, the WorldTrader digital trading platform providing wealth customers access to investments internationally, and it has partnered with Abu Dhabi Department of Economic Development (ADDED) to launch a Centre of Excellence in Al Ain equipping Emiratis with the skills to thrive in the financial sector. The bank has led three out of the five largest international IPOs in the UAE last year, and of the $26.2 billion raised in IPOs in the UAE's financial markets between 2022 and 2025 YTD, HSBC was involved in 65% of the total deal value. To read more about HSBC lions, Stephen and Stitt, please click here. Media enquiries to: Ahmad Othman ahmadothman@ About HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024.
Business Recorder
08-05-2025
- Business
- Business Recorder
Dubai on track to become top four global financial hub
Dubai's capital markets are playing a pivotal role in advancing the Emirate's ambition of becoming a global top four financial hub, largely driven by foreign investor activity, according to a new report published by HSBC in the UAE. 'Strategy to Scale: Dubai's Blueprint for Capital Market Growth' report, unveiled at the Capital Market Summit 2025, hosted by Dubai Financial Market (DFM), outlines how the fast-moving internationalisation of its equity and debt capital markets combined with an expansive structural reform agenda are bringing Dubai closer to its goal of being recognised among the world's top financial hubs, parallel to its goals outlined under D33 economic vision. Mohamed Al Marzooqi, CEO, UAE, HSBC Bank Middle East said, 'The sheer pace of change driving Dubai's capital markets growth requires consistent and clear guidance for new investors, particularly as an accelerating influx of institutional capital from right across the investment spectrum seeks to navigate and harness the region's dynamic opportunities,' he was quoted as saying by Arabian Business. Between 2016 to 2024, the DFM provided investors with higher returns than the broader MSCI EM Index, achieving a 4.9 per cent annualised US dollar return compared to 2.8 per cent for the broader emerging markets index. Foreign investors accounted for half of all trading on the DFM at the end of 2024 and represented 85 percent of all investors that registered with DFM in 2024, reflecting Dubai's international appeal, added the report. In 2024, the number of wealth and asset managers operating in Dubai International Financial Centre (DIFC) rose 16 percent year-on-year to 410, including 75 hedge funds of which 48 have more than $1billion under management, underscoring the changing shape of international investors, added the report. According to Dubai's Department of Economy and Tourism's (DET) FDI Monitor, venture-capital-backed FDI surged by 39% in 2024, a strong indicator of international investor confidence and Dubai's maturing innovation infrastructure. Dubai was also ranked in the top five cities for fintech in the latest edition of recent Global Financial Centre Index (GFCI) rankings. In 2024, Dubai accounted for 2.2 percent of global IPO volumes. According to the report, Dubai's debt capital markets are not only flourishing for its own credit universe, but for the world's, underpinned by an expanding DCM universe of local and international issuers. With one of the most developed debt capital markets in the MENA region, Nasdaq Dubai's growth as a global listing venue is encouraging more international issuers to bring deals to the Middle East, especially from Asia. Chinese corporations are increasingly turning to Dubai, with over $22 billion in debt on the exchange at the end of 2024. The past year also saw the value of outstanding Sukuk listed across Nasdaq Dubai and DFM reach $97.8 billion. Sukuk issuance across all currencies rose 42 percent year-on-year to $4.71 billion in Q1 2025, accounting for 76 percent of all debt capital market activity on Nasdaq Dubai during the period. Dubai's attractiveness as a listing destination is underscored by the fact that non-UAE fixed income issuers accounted for a full 45 percent of fixed income listings outstanding on the exchange in 2024, added the report.
Arabian Business
07-05-2025
- Business
- Arabian Business
Dubai on track to become top 4 global financial hub
Dubai's capital markets are playing a pivotal role in advancing the Emirate's ambition of becoming a global top four financial hub, with foreign investor participation now a defining feature of market activity, according to a new report launched by HSBC in the UAE. Unveiled at the Capital Market Summit 2025, hosted by Dubai Financial Market (DFM), 'Strategy to Scale: Dubai's Blueprint for Capital Market Growth' report unpacks how the fast-moving internationalisation of its equity and debt capital markets combined with an expansive structural reform agenda are bringing Dubai closer to its goal of being recognised among the world's top financial hubs, as outlined under D33 economic vision. Mohamed Al Marzooqi, CEO, UAE, HSBC Bank Middle East said: 'The sheer pace of change driving Dubai's capital markets growth requires consistent and clear guidance for new investors, particularly as an accelerating influx of institutional capital from right across the investment spectrum seeks to navigate and harness the region's dynamic opportunities.' Dubai is a global financial hub The report explores the broadening and internationalisation of its equity capital markets, including potential enhancements to secondary market deal flow and liquidity, and the technological initiatives to strengthen the financing ecosystem: Between 2016 to 2024, the DFM provided investors with higher returns than the broader MSCI EM Index, achieving a 4.9 annualised US dollar return compared to 2.8 per cent for the broader emerging markets index Foreign investors accounted for half of all trading on the DFM at the end of 2024 and represented 85 per cent of all investors that registered with DFM in 2024, reflecting Dubai's international appeal In 2024, the number of wealth and asset managers operating in Dubai International Financial Centre (DIFC) rose 16 per cent year-on-year to 410, including 75 hedge funds of which 48 have more than $1bn ($272m) under management, underscoring the changing shape of international investors In 2024, Dubai accounted for 2.2 per cent of global IPO volumes and hosted the world's largest tech IPO of the year – for on-demand food, grocery and retail delivery platform, Talabat Samer Deghaili, Co-Head of Investment Banking, Middle East, North Africa and Türkiye, HSBC, said: 'Dubai has opened up new pathways for issuers and investors across equity and debt capital markets. IPOs have been enjoying strong, often record-breaking demand, while its leading DCM hub status is providing an expanding universe of issuers with comprehensive options to raise funding in both foreign and the local currency.' According to the report, the city's debt capital markets are not only flourishing for its own credit universe, but for the world's, underpinned by an expanding DCM universe of local and international issuers. With one of the most developed debt capital markets in the MENA region, Nasdaq Dubai's growth as a global listing venue is encouraging more international issuers to bring deals to the Middle East, especially from Asia: Chinese corporations are increasingly turning to the emirate, with more than $22bn in debt on the exchange at the end of 2024 Dubai's attractiveness as a listing destination is underscored by the fact that non-UAE fixed income issuers accounted for a full 45 per cent of fixed income listings outstanding on the exchange in 2024 The UAE credit universe also had an active 2024, ranking as the third-largest dollar debt issuers from the emerging markets (excluding China) Last year saw the value of outstanding Sukuk listed across Nasdaq Dubai and DFM reach $97.8bn Sukuk issuance across all currencies rose 42 per cent year-on-year to $4.71bn in Q1 2025, accounting for 76 per cent of all debt capital market activity on Nasdaq Dubai during the period
