Latest news with #Armenia
Zawya
14 hours ago
- Business
- Zawya
Armenia Stock Exchange joins 'Tabadul' platform
ABU DHABI - Abu Dhabi Securities Exchange (ADX) announced that the Armenia Stock Exchange (AMX) has officially gone live on the Tabadul platform, becoming the sixth market to join the region's first-of-its-kind mutual market access platform. Tabadul was launched by ADX in July 2022 as the region's first digital exchange operating on a mutual market access model. The platform creates a digital network of exchanges that allows investors to trade securities on international markets with remote access for brokerage firms partnering with the exchanges. Tabadul allows investors to access shares of companies in various sectors including banking, finance, energy and telecommunications. The first transaction via Tabadul between market participants from Armenia (Converse Bank, MetaX Investment Company) and Abu Dhabi (Al Ramz Capital)was successfully executed on 30th May. Armenian investors now have direct access to securities listed on ADX, enabling two-way trading and strengthening strategic ties between the markets. The addition of AMX follows the launch of Kazakhstan Stock Exchange (KASE) on Tabadul in February 2025 and builds on the momentum of the recently signed agreement with the Iraqi Stock Exchange (ISX), which will integrate ISX into the platform in due course. To date, nine stock exchanges have signed agreements with Tabadul, with six having gone live. On this occasion, Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said, 'We are pleased to welcome the Armenia Stock Exchange to the Tabadul platform. This expansion reflects our commitment to fostering capital market connectivity, enhancing regional liquidity, and supporting the UAE's vision for economic diversification and sustainable development. Tabadul offers access to over 490 listed companies and a combined investor base of more than 7.6 million. In 2024, trading value on Tabadul surged to approximately USD 200 million, a 317% year-on-year increase.' Tabadul enables seamless cross-exchange trading with settlement in local currencies, eliminating the need for dual listings or custodianship. Currently, the platform connects the financial markets of Abu Dhabi, Bahrain, Muscat, Astana, Kazakhstan, and now Armenia. The onboarding of AMX onto the Tabadul platform underscores ADX's ongoing efforts to deepen regional capital market integration and foster stronger financial cooperation. By enabling mutual market access, ADX is expanding investment opportunities, supporting innovation, and reinforcing Abu Dhabi's position as a dynamic and globally connected financial hub. This step reflects ADX's continued commitment to enhancing market liquidity, attracting foreign capital, and advancing the UAE's broader vision for economic diversification and sustainable development.
Zawya
a day ago
- Business
- Zawya
AMX successfully hosted one of the largest regional capital markets events: ConFEAS 2025 is in Yerevan
On May 30-31, 2025, the Armenia Stock Exchange and Central Depository (AMX), in collaboration with the Federation of Euro-Asian Capital Markets (FEAS), hosted one of the region's most important capital markets conferences ConFEAS 2025 in Yerevan. The event was held at the National Gallery of Armenia, right in the heart of the capital city. This year's edition was particularly special, marking the 30th anniversary of FEAS. In previous years, the conference was held in Abu Dhabi, Bucharest, Yerevan, and Samarkand. For this milestone occasion, Yerevan — home to the FEAS Secretariat — was chosen once again as the host city. As founding members of FEAS, the Armenia Stock Exchange and Central Depository proudly served as the hosting institutions. The conference welcomed over 200 professionals from across the region's financial sector, such as stock exchanges, depositories, banks, investment firms, and other international financial organizations. ConFEAS 2025 served as a key platform for discussing current trends, challenges, and developments in capital markets, fostering professional dialogue, experience-sharing, and the creation of new partnerships. The conference's official opening was marked by a welcome speech from the President of the Republic of Armenia, Mr. Vahagn Khachaturyan, emphasizing the importance of capital market development and international cooperation. Key addresses were also delivered by Hayk Yeganyan, CEO of the Armenia Stock Exchange, who underlined AMX Group's strategic role as a bridge between the European Union and the Middle East, Radu Hanga, Chairman of the FEAS Board, and Konstantin Saroyan, Secretary General of FEAS, who highlighted ConFEAS 2025's importance as a unifying platform for the regional financial sector. The two-day conference featured four thematic panel discussions, bringing together more than 30 leading speakers from different countries. Among them were Hayk Yeganyan, CEO of the Armenia Stock Exchange, Ani Makaryan, CEO of the Central Depository of Armenia, board members of AMX, and Tomasz Bardziłowski, CEO of the Warsaw Stock Exchange. As the majority shareholder of AMX, the Warsaw Stock Exchange is a long-term strategic partner, supporting the development and international integration of Armenia's capital market. Its participation at the event underscored the importance and future potential of the Armenia–Poland partnership. Other notable speakers included representatives from the stock exchanges of Abu Dhabi, Bucharest, Muscat, Kazakhstan, and Astana, highlighting the broad geographic reach of the conference. The thematic panel discussions included: The Future Path of Capital Market Development New Trends in Clearing and Settlement The Tabadul Platform as a Tool for Regional Cooperation Trends in Financial Intermediation in Capital Markets and more. As part of ConFEAS 2025, another significant event took place. The Armenia Stock Exchange has officially went live with the Tabadul regional digital exchange platform. With this step, Armenia becomes part of an important process of regional capital market integration, connecting its capital market to a wide network of regional and international investors. Notably, the first transaction on the Tabadul platform was successfully completed on May 30, marking a major milestone. Market participants from Armenia (Converse Bank, MetaX Investment Company) and Abu Dhabi (Al Ramz Investment Company) connected to each other's exchanges, making the markets mutually accessible. Armenian investors will now have the opportunity to invest in securities available on the Abu Dhabi exchange. Membership in the Tabadul platform will stimulate bilateral trading between member exchanges, expand strategic partnerships, and open up new avenues for cooperation. This regional collaboration will contribute to the integration and technological advancement of capital markets, creating new opportunities to attract investments to Armenia. The conference concluded with a cultural program showcasing Armenia's national heritage, along with an off-site networking day aimed at strengthening professional connections and opening new opportunities for collaboration in a more informal setting.
Zawya
a day ago
- Business
- Zawya
Armenia Stock Exchange goes live on Tabadul Platform
United Arab Emirates, Abu Dhabi, Abu Dhabi Securities Exchange (ADX) announced that The Armenia Stock Exchange (AMX) has officially gone live on the Tabadul platform, becoming the sixth market to join the region's first-of-its-kind mutual market access platform. Tabadul was launched by ADX in July 2022 as the region's first digital exchange operating on a mutual market access model. The platform creates a digital network of exchanges that allows investors to trade securities on international markets with remote access for brokerage firms partnering with the exchanges. Tabadul allows investors to access shares of companies in various sectors including banking, finance, energy and telecommunications. The first transaction via Tabadul between market participants from Armenia (Converse Bank, MetaX Investment Company) and Abu Dhabi (Al Ramz Capital) was successfully executed on May 30. Armenian investors now have direct access to securities listed on ADX, enabling two-way trading and strengthening strategic ties between the markets. The addition of AMX follows the launch of Kazakhstan Stock Exchange (KASE) on Tabadul in February 2025 and builds on the momentum of the recently signed agreement with the Iraqi Stock Exchange (ISX), which will integrate ISX into the platform in due course. To date, nine stock exchanges have signed agreements with Tabadul, with six having gone live. On this occasion, Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX said: 'We are pleased to welcome the Armenia Stock Exchange to the Tabadul platform. This expansion reflects our commitment to fostering capital market connectivity, enhancing regional liquidity, and supporting the UAE's vision for economic diversification and sustainable development. Tabadul offers access to over 490 listed companies and a combined investor base of more than 7.6 million. In 2024, trading value on Tabadul surged to approximately USD 200 million, a 317% year-on-year increase.' Tabadul enables seamless cross-exchange trading with settlement in local currencies, eliminating the need for dual listings or custodianship. Currently, the platform connects the financial markets of Abu Dhabi, Bahrain, Muscat, Astana, Kazakhstan, and now Armenia. The onboarding of AMX onto the Tabadul platform underscores ADX's ongoing efforts to deepen regional capital market integration and foster stronger financial cooperation. By enabling mutual market access, ADX is expanding investment opportunities, supporting innovation, and reinforcing Abu Dhabi's position as a dynamic and globally connected financial hub. This step reflects ADX's continued commitment to enhancing market liquidity, attracting foreign capital, and advancing the UAE's broader vision for economic diversification and sustainable development. 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.
Trade Arabia
a day ago
- Business
- Trade Arabia
Air Arabia Abu Dhabi launches inaugural flight to Yerevan
Air Arabia Abu Dhabi, the capital's first low-cost carrier, celebrated the launch of its inaugural flight to Yerevan, Armenia, further expanding its growing network directly from the UAE's capital. To mark this special occasion, a ceremony was held at Zayed International Airport prior to departure, attended by Karen Grigoryan, Ambassador of the Republic of Armenia to the UAE, in addition to officials from both the airline and the airport. Upon arrival at Zvartnots International Airport in Yerevan, the inaugural flight was welcomed with a traditional water cannon salute, celebrating the launch of the new service connecting the UAE and Armenia. Air Arabia Group CEO Adel Al Ali said: "We are glad to celebrate the launch of our new non-stop service to Yerevan, which marks another step in our commitment to expanding connectivity from Abu Dhabi to key international destinations."
Arabian Business
a day ago
- Business
- Arabian Business
Air Arabia Abu Dhabi launches direct flights to Yerevan in Armenia
Air Arabia Abu Dhabi has launched its first direct service to Yerevan, Armenia, marking the latest expansion of the capital's low-cost carrier network. The airline held a ceremony at Zayed International Airport before departure, with Karen Grigoryan, Ambassador of the Republic of Armenia to the UAE, attending alongside officials from Air Arabia and the airport. Air Arabia's latest destination The flight received a water cannon salute upon arrival at Zvartnots International Airport in Yerevan, following tradition for new route launches. Adel Al Ali, Group Chief Executive Officer of Air Arabia, said: 'We are glad to celebrate the launch of our new non-stop service to Yerevan, which marks another step in our commitment to expanding connectivity from Abu Dhabi to key international destinations. This route not only offers our customers even more affordable travel options but also strengthens ties between the UAE and Armenia, enabling cultural exchange and fostering tourism and business growth.' The new route connects the UAE directly with Armenia, providing passengers with another destination option from Abu Dhabi.
