Halo Investing Secures Financial Services Permission from Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA)

CHICAGO, Feb. 22, 2023 (GLOBE NEWSWIRE) — Halo Investing, a leading global Fintech headquartered in Chicago, U.S.A., today announced that it has secured its Financial Services Permission (“FSP”) from Abu Dhabi Global Market (“ADGM”)’s Financial Services Regulatory Authority (“FSRA”) effective 19 January 2023.

  • The FSP enables professional investors to benefit from Halo Investing’s award-winning technology, which seeks to democratize access to protective investments such as structured notes.
  • Halo Investing plans to leverage the ADGM’s status as a leading global innovation hub to conduct regulated activities in the region.

The dedicated office and expanded regional presence will help drive the growth of Halo Investing’s international footprint in the protective investing landscape. The Abu Dhabi team will pursue Halo’s objectives of fundamentally disrupting the structured products industry and creating more efficient markets. With its industry-leading technology, Halo is changing the world of investing by democratizing the protective investment marketplace through transparency, efficiency, and financial innovation.

Halo Investing is the first multi-issuer technology platform dedicated to protective investment solutions in the U.S.A. Halo was co-founded by Biju Kulathakal and Jason Barsema in 2015 with a mission to provide access to impactful investment opportunities previously unavailable to most investors.

In October 2021, Halo Investing announced a $100-million-plus round of Series C funding. With over 30 global banking partners, Halo has created a marketplace connecting advisors and investors to protective investment products offered by leading global financial institutions. Through the Halo platform, financial professionals can easily access structured products as well as a whole suite of tools to analyze, customize, and execute unique portfolio construction solutions.

The FSP authorized Halo Investing MEA Ltd. to conduct regulated activities in the ADGM, including arranging deals in investments and dealing in investments pursuant to the Financial Services and Markets Regulations 2015 (“FSMR”).

Jason Barsema, President at Halo Investing, said, “Halo is honored to be a part of the Falcon Economy, making Abu Dhabi our launchpad to create a positive global impact. The structured note industry needs more transparency, efficiency, and accessibility. Halo cannot deliver this disruption without the innovation, opportunity, and scale ADGM brings Fintechs like Halo.”

Arvind Ramamurthy, Chief of Markets at ADGM, said, “ADGM is pleased to welcome Halo Investing into our progressive ecosystem that enables global fintech companies to grow and expand in the region. The need for structured products that facilitate an efficient and protective investment marketplace is ever-increasing. The introduction of Halo’s holistic products and services that serve this very need is a testament to the international companies Abu Dhabi’s economy is attracting and its focus on financial innovation. As an international financial center, ADGM has been a champion in fostering a progressive, robust, and well-regulated environment for businesses to scale and grow.”

Sadiq Hussain, Senior Executive Officer at Halo Investing MEA, added, “We are delighted and thankful for receiving our Category 3A license from the FSRA. It is our privilege to be part of the world’s most innovative financial center, Abu Dhabi Global Market. We look forward to being part of the growing ADGM ecosystem by bringing Halo’s award-winning protective investment solutions to the UAE and delivering our leadership’s vision of impact before profits.”

About Halo Investing
Founded in 2015, Halo Investing is an award-winning technology platform that disrupts how protective investment solutions are used worldwide. Headquartered in Chicago, with offices in Abu Dhabi and Zurich, Halo is democratizing access to investment solutions that were previously unavailable to most investors, including structured notes, buffered ETFs, and annuities. Halo has received a growing number of honors and was recently named one of Fast Company’s Ten Most Innovative Companies. For more information, please visit: http://www.haloinvesting.com.

Halo Investing MEA Ltd (“Halo MEA”) is licensed and regulated by Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). Halo MEA is a wholly owned subsidiary of Halo Investing, Inc and is only authorized to provide financial products and services to professional clients and market counterparties in ADGM. Halo MEA acts solely as a distributor/selling agent and is not the issuer or guarantor of any structured product.

Media Contacts:

Halo Investing MEA
Charlotte Nedir
charlotte.nedir@haloinvesting.ae

Halo Investing
Vladislav Moldavskiy
vlad.moldavskiy@haloinvesting.com

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Ministry of Community Development organises innovation exhibition for People of Determination

DUBAI, The Ministry of Community Development organised an exhibition showcasing innovative projects and achievements for the People of Determination, called “With My Determination I Innovate”. The exhibition showcased over 27 quality innovations and educational aids for the People of Determination, which were made available to the public in various federal and local government authorities, schools and People of Determination centers.

The event was held at the Dubai People of Determination Centre, which is affiliated with the Ministry of Community Development, as part of the UAE Innovates 2023 initiative. The exhibition highlighted the ministry’s efforts to provide support, rehabilitation and empowerment for the People of Determination across various government centers and private entities throughout the UAE.

The exhibition showcased innovative achievements and educational aids created by the People of Determination themselves or by those responsible for their rehabilitation at centers affiliated with the Ministry, including Dubai People of Determination Centre, Ajman People of Determination Centre, Ras Al Khaimah People of Determination Centre, Al Fujairah People of Determination Centre, Dibba Al Fujairah Centre, and Um Al Quwain Autism Centre.

Innovations on display included the smart sustainable neighborhood project, the individual sensory capsule, interactive tables, future descriptions, mobile bicycles, traffic lights, and others. The People of Determination Empowerment Council and Hemaya Education Schools at Dubai Police also showcased a number of innovative achievements for the People of Determination, while Dubai Electricity and Water Authority (DEWA) displayed a range of innovative applications, ideas, and services. The General Directorate of Civil Defense also showcased the ‘People of Determination’ application, which ensures priority and safety for the People of Determination in the event of fires and emergencies.

Sharjah Children’s Centres showcased the “Doctor Robot” innovation, remote chairs for the People of Determination, and other innovations from the Smart Learning Centre in Sharjah and Sharjah Centre for Learning Difficulties in Sharjah Humanitarian Services City.

The exhibition provided an opportunity for other educational institutions to showcase their innovative achievements, such as Applied Technology High School in Abu Dhabi, Um Suqeim Government School in Dubai, Dubai National School in Al Barsha, and Ibn Khaldoon Islamic School in Al Ain.

The “With My Determination Innovates” exhibition gave talented students of determination the opportunity to participate in a number of programs, workshops, and live practical experiences that enhance the spirit of learning and innovation, with the participation of Emirates Science Club (Culture and Science Symposium).

The exhibition also included a number of events and activities, such as Al-Yola, playing music, artwork, drawing, composing, Scratch GR programming language, clay shaping, and others.

Source: Emirates News Agency

ADJD boosts volunteering efforts with ‘Voluntary Service: A Culture and a Commitment’ campaign

ABU DHABI, The Abu Dhabi Judicial Department (ADJD) has stepped up volunteering initiatives by launching an expanded campaign titled ‘Voluntary Service: A Culture and a Commitment’, with the formation of the Judicial Department Volunteer Team (Dhukhr).

The launch of this volunteer campaign is part of the ADJD’s involvement in community outreach, in line with the directives of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of the Presidential Court and Chairman of ADJD, to support initiatives aimed at achieving the objectives of sustainable development in cooperation with strategic partners.

Dhukhr’s support to various campaigns and broad participation in social activities aimed at raising the level of community awareness, environmental consciousness and preservation of the environment.

The volunteer campaign – in cooperation with the Abu Dhabi Waste Management Company (Tadweer) – started its action with a clean-up campaign in public spaces in the Al Ain region to raise the standard of maintenance of public and recreational facilities, as well as the aesthetic and cultural features of Abu Dhabi.

Source: Emirates News Agency

ADAFSA qualifies 1,536 farms for ‘AD G.A.P.’ Certificate

ABU DHABI, 1,536 farms have been certified by Abu Dhabi Good Agricultural Practices (AD G.A.P.), the local version of the Global Good Agricultural Practices Programme “GLOBALGAP”, by the end of last year 2022.

751 farms (48.9 percent) are from Al Ain region followed by 521 farms (33.9 percent) from Al Dhafra region and 264 (17.2 percent) from Abu Dhabi region.

The qualified farms are granted ADG.A.P. Certificate, an internationally accredited certificate, which ensures added value to about 44 certified products from these farms. The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) exerts all efforts to implement Good Agricultural Practices to ensure food safety and security, sustainable environmental management and maintain the welfare of farms’ workers.

All ADG.A.P. Certified farms receive advice and guidance from ADAFSA agriculture extension team which results in improved farm infrastructure including fruit and vegetable handling area, water reservoirs, plant protection products and other chemical storage facilities. Moreover, farms’ labours are trained in all technical aspects of crop production, including food and environmental safety, biosecurity, produce traceability, farm workers health and welfare.

ADAFSA also signed an agreement with GLOBALGAP whereby it is granted the right to issue ADG.A.P. Certificate, which is a national model that facilitates farmers to apply the international standards cost-effectively and in a manner that suits farming nature and conditions and agricultural sustainability requirements in the Emirate of Abu Dhabi.

The Accreditation Body audits, inspects and conducts evaluations on production processes and follows up on the practices applied in the farms of the emirate of Abu Dhabi and verifies its compliance with the general rules and standards of AD G.A.P. and then issues a certificate approved by GLOBALGAP Germany.

Source: Emirates News Agency