18 Hrs
Source:
Sky News
Abu Dhabi Market Signs MOUs with Stock Exchanges
The Abu Dhabi Securities Market signed two strategic Memoranda of Understanding with the Egyptian Exchange and the Damascus Securities Exchange to enhance cooperation and develop financial markets in the region. These agreements aim to open up cross-border trading opportunities, expand investment prospects, improve investor access, and explore the possibility of joining the "Tadawul" platform. These initiatives are part of efforts to support capital formation, boost market liquidity, facilitate trading between regional markets, and explore economic growth opportunities in Egypt and Damascus. The memoranda include developing market infrastructure, exchanging modern expertise and technologies, and strengthening regional collaboration to stimulate capital flows and expand direct investments. This step supports Abu Dhabi’s position as a global hub for investment and finance.
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