ADX Participates In Arab Federation Of Exchanges Meetings
Mohammad Ali (@ChaudhryMAli88) Published April 27, 2019 | 07:45 PM
Heads and representatives of stock exchanges, including the Abu Dhabi Securities Exchange, Arab depository and clearing companies, as well as representatives of a group of brokerage firms and financial experts, attended a series of meetings of the Arab Federation of Exchanges, AFE, in Cairo, Egypt
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 27th Apr, 2019) Heads and representatives of stock exchanges, including the Abu Dhabi Securities Exchange, Arab depository and clearing companies, as well as representatives of a group of brokerage firms and financial experts, attended a series of meetings of the Arab Federation of Exchanges, AFE, in Cairo, Egypt.
Khalifa Salem Al Mansouri, Acting Chief Executive of the Abu Dhabi Securities Exchange, ADX, along with his delegation also attended these meetings.
Discussed at the meetings were the ways to develop the Arab financial markets in terms of global best practices in disclosure, transparency and governance. The discussions also focused on knowledge exchange to improve the investment environment and trading in Arab stock exchanges, including the use of financial technology and Artificial Intelligence in the capital markets. The future of small and medium enterprises was discussed as a means of attracting more foreign investments in the member exchanges.
Stressing the importance of coordination and cooperation between Arab stock exchanges and a unified vision and aligned objectives for the Arab financial markets, Al Mansouri said, "The Arab Federation of Exchanges provides an effective platform for the exchange of knowledge and expertise in a dynamic environment.
This allows AFE members to improve the performance of their financial markets by developing regulations and laws that draw upon best practices within the region. It further provides a great networking opportunity for member exchanges."
Al Mansouri was honoured during the meeting in his capacity as the former chairman of the 43rd session of Arab Federation of Exchanges, AFE, which was held in Abu Dhabi in September of 2018 and hosted by the ADX.
On the sidelines of the visit, Al Mansouri met with Mohamed Farid, Chairman of the Egyptian Exchange, EGX, and senior officials, and discussed several important issues of mutual interest, including the importance of sustainable financing and investments in order to achieve long-term growth objectives of the region's economy.
Al Mansouri said the ADX was keen to open channels of communication and cooperation with various Arab financial markets, as the financial stability of the region reflects positively on the performance of financial markets and contributes to the successful implementation of its growth strategies.
During its visit to Egypt, the ADX officials also met those from a group of listed companies to highlight the various opportunities and advantages offered by dual listing on the ADX.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 May 2024
Today Gold Rate in Pakistan 26 May 2024
Rizwan or Imad: PCB mulls over vice-captaincy candidates ahead of T20 WC 2024
Saboor Aly gets Dubai’s Golden Visa
Pakistan elect to bowl first against England in second T20I match
Shaheen Afridi declines vice-captaincy role for T20 World Cup 2024
Former Provincial Minister Ibrahim Murad’s Efforts Boost Pakistan’s Meat Exp ..
Aleem Dar hosts 51st edition of PCB Podcast
Pakistan welcomes ICJ’s ruling on Gaza
Committee formed to plan establishment of Dasu-Chilas safe city project
T20 World Cup 2024: High ticket prices for Pakistan-India matches may disappoi ..
PM reaffirms Pakistan's strong commitment to just struggle of Palestinian people ..
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
4 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
7 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
7 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
7 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
7 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
7 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
7 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
7 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
7 months ago -
SIBF turns spotlight on remarkable contributions of women
7 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
7 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
7 months ago