Latest news with #FaisalAl-Haimus
Zawya
29-04-2025
- Business
- Zawya
MEIRA Iraq Chapter to bring best IR practice to Baghdad
Dubai: In a landmark step for regional capital markets, the Middle East Investor Relations Association (MEIRA) has officially launched its Iraq Chapter, following a signing ceremony held in Dubai. The agreement was signed by H.H. Faisal Al-Haimus, President of the Iraq Securities Commission (ISC); Thair Adnan Almukhtar, Chairman of the Iraq Stock Exchange (ISX); and Paolo Casamassima, Chief Executive Officer of MEIRA. The launch reflects Iraq's commitment to advancing market transparency and promoting international standards of Investor Relations across its capital markets. 'The establishment of the MEIRA Iraq Chapter marks a strategic milestone for the country's financial sector,' said H.H. Faisal Al-Haimus. 'Our goal is to build a more open, investor-friendly capital market that will appeal to both domestic and international investors, allowing growth in the market capitalization of our stock market through deep and active participation of all investors without restrictions or limits. MEIRA will serve as a key partner in helping Iraq embrace global best practice and strengthen our market infrastructure.' As part of the new Chapter's mandate, MEIRA will work closely with Iraqi regulators, exchanges, and corporates to provide training, certifications, and advocacy platforms designed to equip listed companies with the tools to communicate effectively with investors, both locally and globally. Paolo Casamassima, CEO of MEIRA, added: 'We are proud to support Iraq in this new chapter. The interest and determination shown by our Iraqi partners reflects the region's growing momentum to embed world-class investor relations as a pillar of capital market development.' The agreement coincided with a broader visit by H.H. Faisal Al-Haimus and Thair Adnan Almukhtar to the UAE, including a meeting with Abdulla Salem Al Nuaimi, Group CEO of Abu Dhabi Securities Exchange (ADX). During the discussions, Iraq formally joined ADX's Tabadul Digital Exchange Hub, a cross-border trading platform launched in 2022 that now connects nine exchanges across the region. The MEIRA Iraq Chapter follows the re-launch of the Qatar Chapter, which took place in 2024, as MEIRA continues to expand its footprint across the Middle East, supporting the region's journey toward integrated, investor-led capital markets. About the Middle East Investor Relations Association The Middle East Investor Relations Association (MEIRA) is an independent non-profit organization dedicated to promoting the Investor Relations (IR) profession and international standards in corporate governance. MEIRA aims to enhance the reputation, efficiency, and attractiveness of Middle East capital markets by fostering dialogue among members and encouraging best practices in IR. In collaboration with stock exchanges, regulators, and other market participants, MEIRA supports companies through professional development, certification programs, and its membership community and network of country Chapters.
Iraqi News
23-04-2025
- Business
- Iraqi News
The Iraq Stock Exchange signs an MOU with ADX to join Tabadul platform
Follow-up – INA The Iraq Stock Exchange and the Iraqi Securities Commission signed a strategic memorandum of understanding with the Abu Dhabi Securities Exchange (ADX) today, Wednesday, to join the Tabadul digital trading platform, becoming the platform's ninth member. The Iraq Stock Exchange said in a statement received by the Iraqi News Agency (INA): "The signing ceremony was held at the headquarters of the Abu Dhabi Securities Exchange. This step comes within the framework of strengthening joint cooperation between the two sides, based on the preliminary agreement announced between the Iraqi Securities Commission and the Abu Dhabi Securities Exchange in January 2025, with the aim of enhancing joint cooperation between the capital markets of the two countries." The Commission continued, "The agreement aims to consolidate cooperation frameworks in various fields, including technology and innovation, developing trading and post-trade systems, and exchanging best practices and technologies in the trading field." THE Commission explained that "this memorandum will contribute to paving the way for investors and brokerage firms to trade directly and seamlessly between the Abu Dhabi Securities Exchange and the Iraq Stock Exchange. The Tabadul platform allows brokerage firms in both markets to access other markets remotely, contributing to strengthening interconnectivity between the markets and enabling Iraqi investors to access regional and global investment opportunities." Also the Commission explained that "by leveraging the Tabadul platform, investors in member markets will be able to participate in initial public offerings (IPOs) between them, which will help highlight the advantages of cross-border trading and expand investment horizons." The Chairman of the Iraqi Securities Commission, Faisal Al-Haimus, praised this step, stressing that "the Iraqi market's accession to the Tabadul platform represents a qualitative leap in the development of the Iraqi financial market infrastructure." He added, "This platform will enhance opportunities for regional partnerships and economic integration with Arab financial markets, contributing to broader horizons for investors and reflecting the Commission's commitment to supporting the digital transformation of the Iraqi financial market." For her part, the Executive Director of the Iraq Stock Exchange, Jimmy Afham Toma, said, "We are proud of the Iraq Stock Exchange's accession to the Tabadul digital trading platform, as this represents an important step towards developing the Iraqi financial market and strengthening its integration with regional markets." Abdullah Salem Al-Nuaimi, CEO of the Abu Dhabi Securities Exchange Group, said, "This MoU represents a milestone in the cooperation between the Abu Dhabi Securities Exchange and the Iraq Stock Exchange." He added, "This cooperation strengthens the Iraqi market's position within the regional ecosystem by increasing market activity and providing a wider range of opportunities for investors by enabling access to diverse investment options in companies listed on both markets." He continued, "The platform also provides access to more than 7.5 million investors on member exchanges and includes more than 490 listed companies. Trading activity between member stock exchanges doubled in 2025 compared to 2024, reflecting the platform's position in the regional financial landscape." In addition to the Abu Dhabi Securities Exchange, the Tabadul platform currently includes a number of the region's most prominent exchanges, including the Bahrain Bourse, Muscat Stock Exchange, Astana International Exchange, Kazakhstan Stock Exchange, Central Asian Stock Exchange, Armenian Stock Exchange, and Amman Stock Exchange. Discussions are currently underway with several other financial markets to join the platform. Tabadul provides a comprehensive range of trading opportunities for investors in member markets through seamless and flexible solutions that support business development, expand investment opportunities, and contribute to promoting sustainable economic growth. The Tabadul platform underscores the Abu Dhabi Securities Exchange's commitment to developing advanced technological infrastructure and expanding investor access to markets through strategic partnerships with leading financial markets, particularly in Arab countries such as Iraq. This will also contribute to enhancing liquidity, providing innovative trading solutions, and supporting the integration of financial markets at the regional and international levels.
Zawya
23-04-2025
- Business
- Zawya
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@
Al Bawaba
23-04-2025
- Business
- Al Bawaba
Abu Dhabi Securities Exchange (ADX) Signs an Agreement with Iraqi Stock Exchange (ISX) and Iraqi Securities Commission (ISC) to Join Tabadul Hub
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.
