Abu Dhabi Securities Exchange Signs MoU with Iraqi Securities Commission to Boost Financial Cooperation

MoU

In a significant step towards enhancing financial market cooperation, the Abu Dhabi Securities Exchange (ADX) has signed a Memorandum of Understanding (MoU) with the Iraqi Securities Commission (ISC). The agreement aims to strengthen collaboration between the two entities, promote knowledge sharing, and foster innovation in the financial sector.

Strengthening Regional Financial Ties

The MoU underscores ADX’s ongoing efforts to expand its international partnerships and position itself as a key player in the regional financial landscape. By collaborating with the Iraqi Securities Commission, ADX aims to support the development of Iraq’s financial markets and explore new investment opportunities for market participants in both countries.

ADX Chairman emphasized the importance of regional collaboration in enhancing market efficiency and competitiveness. “This partnership aligns with our strategy to connect with regional markets and promote the UAE’s leadership in the global financial ecosystem,” he said.

Key Areas of Cooperation

The agreement outlines several key areas for collaboration, including:

  • Knowledge Sharing and Training: ADX will provide technical assistance and training to support the development of Iraq’s financial market infrastructure.
  • Market Development: Both parties will work on initiatives to modernize trading systems, regulatory frameworks, and investment strategies to attract local and international investors.
  • Innovation and Technology: The MoU places a strong emphasis on adopting innovative financial technologies and digital solutions to enhance market operations and transparency.
  • Investor Awareness: Joint efforts will be made to raise awareness about investment opportunities in both markets and promote investor education programs.

Boosting Bilateral Investment

The MoU is expected to pave the way for increased investment flows between the UAE and Iraq. With ADX’s expertise in managing a dynamic and transparent market, the partnership is seen as a catalyst for driving investor confidence and market growth in Iraq.

Iraqi Securities Commission Chairman highlighted the potential benefits of the collaboration, stating, “This partnership will help us leverage ADX’s experience in market development and strengthen Iraq’s financial market infrastructure to support economic growth.”

A Step Towards Economic Integration

The signing of the MoU is part of a broader trend of regional economic integration as Gulf Cooperation Council (GCC) countries seek to strengthen ties with Iraq. The UAE, in particular, has been proactive in fostering trade and investment partnerships with Iraq to support its post-conflict economic recovery.

As part of the agreement, ADX and ISC will establish joint committees to oversee the implementation of initiatives and monitor the progress of their cooperation.

Commitment to Sustainable Growth

Both parties emphasized their commitment to promoting sustainable and inclusive growth in the financial sector. The adoption of environmental, social, and governance (ESG) principles is expected to be a key focus of their collaboration, aligning with global trends in responsible investing.

Looking Ahead

The MoU between ADX and the Iraqi Securities Commission marks a significant milestone in regional financial cooperation. As both entities work together to implement the agreement, market participants can look forward to new investment opportunities, enhanced market operations, and greater financial stability.

This collaboration is set to strengthen economic ties between the UAE and Iraq while contributing to the development of a vibrant and interconnected financial landscape in the region.

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