ADX signs an agreement with Iraqi Stock Exchange and Iraqi Securities Commission to join Tabadul Hub
Abu Dhabi, United Arab Emirates: The Abu Dhabi Securities Exchange (ADX), the largest exchange in the UAE and second largest exchange in the MENA region, has signed an agreement with Iraqi Stock Exchange (ISX) and Iraqi Securities Commission (ISC) to integrate ISX into the Tabadul Digital Hub to become the hub's ninth member. The event was held at ADX's headquarters on April 22nd.
This agreement builds on a commitment made by ISC and ADX in January 2025 to enhance the relationship between the two countries' capital markets. It aims to foster collaboration in various areas, including technology and innovation, upgrading electronic trading and post-trading systems, and sharing best practices and trading techniques.
The agreement will pave the way for seamless direct trading between ADX and ISX for both investors and brokerage firms. Through the Tabadul platform, brokerages on both exchanges will gain remote access to one another's markets, fostering cross-market trading and connecting Iraqi investors with regional and international investment opportunities. By leveraging Tabadul, investors from member exchanges can participate in in each other's IPO offerings, highlighting the benefits of cross border trading.
His Excellency Mr. Faisal Al-Haimus, Chairman of the Iraq Securities Commission, praised this step, affirming that Iraq's accession to the Tabadul platform marks a qualitative leap in the development of the financial market infrastructure in Iraq. He noted that it strengthens opportunities for regional partnerships and economic integration with Arab financial markets, contributing to broader investment prospects and reflecting the Commission's commitment to supporting digital transformation in the Iraqi financial market.
Abdulla Salem Alnuaimi, Group Chief Executive Officer of the Abu Dhabi Securities Exchange, stated: "The agreement marks a significant milestone in the collaboration between ADX and ISX. By welcoming ISX onto the Tabadul platform, we aim to enhance our regional presence through increased market activity and offer investors a broader range of opportunities by providing access to investment options in the listed companies of both exchanges. The platform currently provides access to more than 7.5 million investors on member exchanges and includes more than 490 listed companies. Trading activity among member financial markets doubled in 2025 compared to 2024, reflecting the platform's position in the regional financial landscape.'
For her part, Jamie Afham Touma, Executive Director of the Iraq Stock Exchange, said: 'We are proud that the Iraq Stock Exchange has joined the Tabadul digital trading platform, as this represents an important step toward developing Iraq's financial market and enhancing its integration with regional markets. Our cooperation with Abu Dhabi Securities Exchange aligns with the Iraqi government's efforts to boost economic growth and attract more investment, supporting the government's objectives of promoting economic openness and developing financial infrastructure.'
Alongside ADX, the platform includes the Bahrain Bourse, Muscat Stock Exchange, Astana International Exchange, Kazakhstan Stock Exchange, Central Asian Stock Exchange, Armenia Stock Exchange, and Amman Stock Exchange. Discussions are ongoing with 10 financial markets to join the platform, which offers a wide range of trading opportunities for investors in all participating markets directly and easily, enabling all participants to develop and achieve their interests, which is crucial for accelerating economic growth in the financial markets of member countries. Tabadul underscores ADX's commitment to technological advancement and its drive to broaden market access.
The Abu Dhabi Securities Exchange is committed to expanding the "Tabadul" platform through strategic partnerships with leading global financial markets to enhance connectivity between different markets, namely Arab countries such as Iraq, increase liquidity, and provide innovative trading solutions for investors.
About Abu Dhabi Securities Exchange
Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, ADX was converted from a "Public Entity" to a "Public Joint Stock Company PJSC" pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy.
ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE "Towards the next 50" agenda. The national plan charts out the UAE's strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm.
For more information, please contact:
ADX
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication
Email: ALKhateebA@adx.ae
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
19 hours ago
- Al Etihad
UAE tops region for most skilled workforce, says report
6 June 2025 01:39 ISIDORA CIRIC (ABU DHABI)The UAE workforce is the most skilled in the Middle East and North Africa, according to Coursera's latest report. The country also leads the Arab world across all major categories, including business, technology, data skills, and AI maturity, positioning itself as the region's leading hub for digital readiness and Global Skills Report 2025, published by Coursera on Wednesday, draws from the learning activity of more than 170 million users worldwide and benchmarks performance across over 100 accompanying AI Maturity Index provides a broader view, factoring in academic publications and metrics from the IMF and OECD to measure national progress in AI research, innovation, and UAE ranked 38th globally overall, 17th in business, 46th in data, 53rd in technology, and 32nd in AI maturity, making it the top performer in the Arab world across all four categories, and first in MENA when it comes to overall skills readiness.'The UAE is positioning itself for a tech-driven future, with 87% of employers emphasising technological literacy, AI, and big data as their top priorities,' the report said, linking the country's performance to its national efforts to transition into a knowledge-based economy powered by skilled Emirati country also boasts the highest rate of Coursera learners in the region, with 13% of its labour force actively engaged on the platform. As the total learner base reaches 1.3 million, the UAE's appetite for digital skills shows no signs of slowing to the report, GenAI course enrolments alone surged by 344% year on year — more than double the regional growth rate — while professional certificate and cybersecurity enrolments jumped by 41% and 14%, are playing an increasingly active role in this transition, accounting for 21% of GenAI learners in the UAE, 24% of those enrolled in STEM-related fields, and 23% in professional certificate programmes. Learning habits reflect a younger, mobile-first generation, with 41% of users accessing courses via mobile, and a median learner age of the employer side, demand is rising sharply for expertise in AI and machine learning (up 139%) and customer service (up 96%), while top learner skills in the UAE ranged from corporate accounting and predictive analytics to emerging technologies and leadership development. The UAE's broader economic and policy frameworks are a key driver of this momentum, the report said, pointing out the We the UAE 2031 strategy and workforce development programmes like Nafis, which 'are exceeding private-sector employment targets' and form part of a national vision for a tech-enabled society centred around innovation and competencies. Building on this foundation, the country deployed a wider set of strategies, such as UAE Vision 2030, the Strategy for the Fourth Industrial Revolution, the Emirates Blockchain Strategy, and the UAE Centennial 2071, to support the growth and prosperity of future-focused business sectors.
Al Etihad
a day ago
- Al Etihad
Onshur marks major milestone with graduation of Scale Track cohort
5 June 2025 15:31 SHARJAH (WAM) Under the patronage and in the presence of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Book Authority (SBA), the Sharjah Publishing Sustainability Fund (Onshur) celebrated the graduation of the first cohort of its 2025 Scale Track at SBA's programme is designed to support established publishers in the UAE in scaling their operations through sustainable and strategic growth. The ceremony honoured twelve publishers who completed the intensive training event was attended by Ahmed bin Rakkad Al Ameri, CEO of SBA, and Rashid Al Kous, Executive Director of the Emirates Publishers Association, as well as programme partners, experts, trainers, and representatives from local and Arab twelve graduating publishers were selected from a pool of 62 applicants who met rigorous eligibility criteria. These included a demonstrated track record of producing high-quality cultural content and a well-defined strategic vision for expansion aligned with global publishing graduating cohort comprised Ajyal Publishing, Ghaf Publications, Sidra Publishing and Distribution, Loaloa Publishing and Distribution, Kalman Publishing and Distribution, Nabatti Publishing, Shaheen Printing Publishing and Distribution, Dar Al-Farqad, Dar Shams Publishing, Dar Al Fikr Al Jadeed, Dar Al Bayan Al Arabi, and Noor on the occasion, Sheikha Bodour Al Qasimi, Chairperson of SBA, emphasised the importance of empowering UAE publishers to grow and innovate within a sustainable framework. She stated, 'The Scale Track reflects our vision of enabling publishers to move beyond survival, towards a future defined by excellence, creativity, and leadership in enriching the Arab publishing landscape both locally and globally.'She continued, 'I am proud of this cohort, who have shown a remarkable capacity for learning, growth, and openness to new experiences. I believe they are now equipped with the tools and insights needed to build more resilient and adaptable business models. While they represent the current state of Arab publishing, they are equally poised to shape its global future, fuelled by ambition, determination, and a genuine passion for the written word.'Ahmed bin Rakkad Al Ameri said, 'What distinguishes these publishers is their clear ambition to grow and their willingness to embrace new tools and ideas that can propel their businesses forward. Their participation in the Scale Track represents a strategic blueprint for the regional publishing sector's expansion, firmly rooted in innovation and sustainability. This vision is inspired by Sheikha Bodour Al Qasimi's commitment to cultivating a network of publishers equipped to compete on both regional and global stages, driving a renewed momentum for Arab literature and culture.'For his part, Rashid Al Kous congratulated the graduates and commended their commitment to transforming ambition into tangible said, 'We extend our congratulations to this exceptional cohort, who have exemplified what it means to turn vision into reality. The Scale Track has provided participants with critical skills enabling them to thrive in both local and international markets amid a rapidly evolving publishing landscape.'The ceremony opened with a keynote speech by Iman Ben Chaibah, Director of Strategic Initiatives and Global Markets at highlighted that Onshur is reshaping how support is delivered to publishers by offering a comprehensive strategic framework that fosters long-term, sustainable growth. 'The Scale Track has surpassed the boundaries of traditional training,' she said. 'It has established a professional platform dedicated to enhancing publishers' operational capabilities and deepening their industry expertise.'Following the directives of Sheikha Bodour bint Sultan Al Qasimi, graduates of the Scale Track benefit from a robust package of post-programme support. This includes one year of professional accounting services to ensure compliance, guidance in applying for the Sharjah International Translation Grant, onboarding to Ingram's global distribution network, access to business loans secured against publishing contracts, specialised advisory sessions, and priority access to upcoming Onshur measures are designed to help publishers shift from operational stability to strategic and sustainable expansion.
Sharjah 24
a day ago
- Sharjah 24
Onshur marks major milestone with graduation of Scale Track cohort
The event was attended by His Excellency Ahmed bin Rakkad Al Ameri, CEO of SBA, and His Excellency Rashid Al Kous, Executive Director of the Emirates Publishers Association, as well as programme partners, experts, trainers, and representatives from local and Arab media. The twelve graduating publishers were selected from a pool of 62 applicants who met rigorous eligibility criteria. These included a demonstrated track record of producing high-quality cultural content and a well-defined strategic vision for expansion aligned with global publishing developments. The graduating cohort comprised Ajyal Publishing, Ghaf Publications, Sidra Publishing and Distribution, Loaloa Publishing and Distribution, Kalman Publishing and Distribution, Nabatti Publishing, Shaheen Printing Publishing and Distribution, Dar Al-Farqad, Dar Shams Publishing, Dar Al Fikr Al Jadeed, Dar Al Bayan Al Arabi, and Noor Publishing. Driving tangible progress for Emirati and Arab publishers Commenting on the occasion, Sheikha Bodour Al Qasimi, Chairperson of SBA, emphasised the importance of empowering UAE publishers to grow and innovate within a sustainable framework. She stated: 'The Scale Track reflects our vision of enabling publishers to move beyond survival, towards a future defined by excellence, creativity, and leadership in enriching the Arab publishing landscape both locally and globally.' She continued: 'I am proud of this cohort, who have shown a remarkable capacity for learning, growth, and openness to new experiences. I believe they are now equipped with the tools and insights needed to build more resilient and adaptable business models. While they represent the current state of Arab publishing, they are equally poised to shape its global future, fuelled by ambition, determination, and a genuine passion for the written word.' Revitalising the future of Arab literature His Excellency Ahmed bin Rakkad Al Ameri, CEO of SBA, said: 'What distinguishes these publishers is their clear ambition to grow and their willingness to embrace new tools and ideas that can propel their businesses forward. Their participation in the Scale Track represents a strategic blueprint for the regional publishing sector's expansion, firmly rooted in innovation and sustainability. This vision is inspired by Sheikha Bodour Al Qasimi's commitment to cultivating a network of publishers equipped to compete on both regional and global stages, driving a renewed momentum for Arab literature and culture.' Turning vision into actionable success For his part, His Excellency Rashid Al Kous, Executive Director of the Emirates Publishers Association, congratulated the graduates and commended their commitment to transforming ambition into tangible results. He said: 'We extend our congratulations to this exceptional cohort, who have exemplified what it means to turn vision into reality. The Scale Track has provided participants with critical skills enabling them to thrive in both local and international markets amid a rapidly evolving publishing landscape.' Laying the foundations for strategic publishing growth The ceremony opened with a keynote speech by Iman Ben Chaibah, Director of Strategic Initiatives and Global Markets at SBA. She highlighted that Onshur is reshaping how support is delivered to publishers by offering a comprehensive strategic framework that fosters long-term, sustainable growth. 'The Scale Track has surpassed the boundaries of traditional training,' she said. 'It has established a professional platform dedicated to enhancing publishers' operational capabilities and deepening their industry expertise.' Unlocking sustained expansion through targeted support Following the directives of Sheikha Bodour, graduates of the Scale Track benefit from a robust package of post-programme support. This includes one year of professional accounting services to ensure compliance, guidance in applying for the Sharjah International Translation Grant, onboarding to Ingram's global distribution network, access to business loans secured against publishing contracts, specialised advisory sessions, and priority access to upcoming Onshur initiatives. These measures are designed to help publishers shift from operational stability to strategic and sustainable expansion.
