Latest news with #GhannamAlMazrouei
Trade Arabia
25-02-2025
- Business
- Trade Arabia
‘ADX Group' unveiled to advance Abu Dhabi's investment landscape
The Abu Dhabi Securities Exchange (ADX), the second largest exchange in the Middle East, has launched the new 'ADX Group' market infrastructure and two new subsidiaries, Abu Dhabi Clear (AD Clear) and Abu Dhabi Central Securities Depository (AD CSD). This development aligns with Abu Dhabi's long-term economic vision and augments ADX's efforts towards being a developed market, a statement said. ADX announced its new market infrastructure at a celebrative event with more than 500 regional and global industry participants in Abu Dhabi on Monday. Ghannam Al Mazrouei, Chairman of the ADX Group, said: "With the launch of ADX Group, we are not just building a financial marketplace; we are shaping the future of investment in Abu Dhabi and contributing to long-term economic development of the UAE and in the region. 'More regional and global investors will benefit from seamless access to the ADX platform to unlock opportunities for expansion in the emirate's thriving sectors and industries. The ADX Group will continue to innovate to ensure a robust and reliable international marketplace to raise capital, facilitate greater investment flow, and uphold financial resilience and stability.' Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, added: 'The ADX Group is leading the way in using new technology to expand and strengthen Abu Dhabi's investment landscape. Our enhanced trading system aims to increase resilience and performance by 400%, reinforcing the emirate's position as a global financial hub. We express our sincere appreciation to our trading and clearing members, custodians, banks, and industry partners for their invaluable support and collaboration in achieving the transformation and success.' Gateway to opportunities The ADX Group's new business model aims to transform and future-proof its thriving capital market, it said. The group, empowered by new post-trade capabilities and services, a state-of-the-art trading system, and new clearing and settlement platforms aims to unlock more investment opportunities and deepen market liquidity by providing investors and industry participants with greater and faster access to market activities and growth sectors in Abu Dhabi. These advancements will enable the ADX Group to introduce more diverse product offerings and services to address the evolving needs of institutional and retail investors, issuers and businesses in the UAE and wider Middle East region. Cutting-edge technology At the heart of this transformation is a strategic technology partnership with Nasdaq to deliver a Core Platform Upgrade (CPU), which introduces advanced capabilities across trading, clearing, and post-trade services. All enhancements further boost ADX's operational readiness, attract new types of new market participants, and increase trading activities. Key features include: • A key element of the CPU modernizes the trading infrastructure and integrates multiple asset classes (equities, ETFs, debt instruments, and derivatives) into a single, high-performance platform. • Optimization for high-frequency trading and algorithmic strategies, offering faster execution of trades and deeper market liquidity. • New order types and negotiated deal features for greater trading flexibility and efficiency, enabling more sophisticated trading strategies. Magnus Haglind, SVP and Head of Marketplace Technology at Nasdaq, added: 'We are excited about the opportunity to partner with ADX and help deliver this forward-thinking vision for its marketplace. Capital markets are already an integral part of the global economy, but by modernizing the infrastructure that powers it we can remove barriers to wider participation and help local and national economies thrive. By leveraging Nasdaq's integrated trading, clearing and settlement platform, ADX will be underpinned by world-leading technology, capable of attracting global sources of liquidity and accelerating the region's exciting growth story.' As part of the group's digital and technology enhancements, ISO 20022 messaging protocols were introduced to improve transaction processing, enhance data transparency, and support seamless integration with international financial institutions. To improve user experience, the ADX Group launched a robust customer-management system, a new corporate website, and mobile app to empower investors with direct access to real-time market data, advanced analytics, and more services for portfolio management. New divisions The ADX Group's new Post Trade Division, comprising AD Clear and AD CSD, supports the smooth function of the securities market by providing essential clearing, settlement, depository, and risk management services for both local and international investors. These services will help boost market efficiency and facilitate the flow of capital to further economic growth. • AD Clear is the new Central Counterparty Clearinghouse, created to improve clearing and settlement efficiency, reduce counterparty risk, and ensure compliance with global standards. It is a wholly owned independent subsidiary of the ADX Group. • AD CSD, another wholly owned independent subsidiary of the ADX Group, serves as a leading regional central securities depository. It plays a key role in maintaining the resilience, efficiency, and stability of the capital market by safekeeping securities, clearing and settling trades, transferring shares, and managing corporate actions. – TradeArabia News Service
Zawya
25-02-2025
- Business
- Zawya
ADX unveils 'ADX Group' to further advance Abu Dhabi's investment landscape
ABU DHABI: The Abu Dhabi Securities Exchange (ADX) launched 'the New ADX Group' market infrastructure and two new subsidiaries, Abu Dhabi Clear (AD Clear) LLC and Abu Dhabi Central Securities Depository (AD CSD) LLC. This milestone aligns with Abu Dhabi's long-term economic vision and augments ADX's efforts towards being a developed market. ADX announced its new market infrastructure at a celebrative event with more than 500 regional and global industry participants in Abu Dhabi on Monday, 24th February. The ADX Group's (The Group) achievement is a testament of its commitment towards deepening its capital market, attracting more investments into the UAE, and strengthening Abu Dhabi's position as an international financial centre and premier investment hub. Ghannam Al Mazrouei, Chairman of the ADX Group, said, "With the launch of ADX Group, we are not just building a financial marketplace; we are shaping the future of investment in Abu Dhabi and contributing to long-term economic development of the UAE and in the region. More regional and global investors will benefit from seamless access to the ADX platform to unlock opportunities for expansion in the emirate's thriving sectors and industries. The ADX Group will continue to innovate to ensure a robust and reliable international marketplace to raise capital, facilitate greater investment flow, and uphold financial resilience and stability.' Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, added, 'The ADX Group is leading the way in using new technology to expand and strengthen Abu Dhabi's investment landscape. Our enhanced trading system aims to increase resilience and performance by 400%, reinforcing the emirate's position as a global financial hub. We express our sincere appreciation to our trading and clearing members, custodians, banks, and industry partners for their invaluable support and collaboration in achieving the transformation and success.' The ADX Group's new business model aims to transform and future-proof its thriving capital market. The Group, empowered by new post-trade capabilities and services, a state-of-the-art trading system, and new clearing and settlement platforms aims to unlock more investment opportunities and deepen market liquidity by providing investors and industry participants with greater and faster access to market activities and growth sectors in Abu Dhabi. These advancements will enable the ADX Group to introduce more diverse product offerings and services to address the evolving needs of institutional and retail investors, issuers and businesses in the UAE and wider Middle East region. At the heart of this transformation is a strategic technology partnership with Nasdaq to deliver a Core Platform Upgrade (CPU), which introduces advanced capabilities across trading, clearing, and post-trade services. All enhancements further boost ADX's operational readiness, attract new types of new market participants, and increase trading activities. Key features include: • A key element of the CPU modernises the trading infrastructure and integrates multiple asset classes (equities, ETFs, debt instruments, and derivatives) into a single, high-performance platform. • Optimisation for high-frequency trading and algorithmic strategies, offering faster execution of trades and deeper market liquidity. • New order types and negotiated deal features for greater trading flexibility and efficiency, enabling more sophisticated trading strategies. Magnus Haglind, SVP and Head of Marketplace Technology at Nasdaq, added: 'We are excited about the opportunity to partner with ADX and help deliver this forward-thinking vision for its marketplace. Capital markets are already an integral part of the global economy, but by modernising the infrastructure that powers it we can remove barriers to wider participation and help local and national economies thrive. By leveraging Nasdaq's integrated trading, clearing and settlement platform, ADX will be underpinned by world-leading technology, capable of attracting global sources of liquidity and accelerating the region's exciting growth story.' As part of the Group's digital and technology enhancements, ISO 20022 messaging protocols were introduced to improve transaction processing, enhance data transparency, and support seamless integration with international financial institutions. To improve user experience, the ADX Group launched a robust customer-management system, a new corporate website, and mobile app to empower investors with direct access to real-time market data, advanced analytics, and more services for portfolio management. The ADX Group's new Post Trade Division, comprising AD Clear and AD CSD, supports the smooth function of the securities market by providing essential clearing, settlement, depository, and risk management services for both local and international investors. These services will help boost market efficiency and facilitate the flow of capital to further economic growth. • AD Clear is the new Central Counterparty Clearinghouse, created to improve clearing and settlement efficiency, reduce counterparty risk, and ensure compliance with global standards. It is a wholly owned independent subsidiary of the ADX Group. • AD CSD, another wholly owned independent subsidiary of the ADX Group, serves as a leading regional central securities depository. It plays a key role in maintaining the resilience, efficiency, and stability of the capital market by safekeeping securities, clearing and settling trades, transferring shares, and managing corporate actions.
Gulf Business
25-02-2025
- Business
- Gulf Business
ADX Group launches to boost Abu Dhabi's investment ecosystem
Image: WAM Abu Dhabi Securities Exchange ( As part of the expansion, two independent subsidiaries have been launched: Abu Dhabi Clear (AD Clear) and Abu Dhabi Central Securities Depository (AD CSD). This new initiative aligns with Abu Dhabi's long-term economic vision and underscores ADX's commitment to becoming a developed market. The launch of the ADX Group was celebrated in a high-profile event in Abu Dhabi, attended by over 500 industry participants from across the globe. Strengthening Abu Dhabi's role as an international financial hub Ghannam Al Mazrouei, chairman of the ADX Group, stated: 'With the launch of ADX Group, we are not just building a financial marketplace; we are shaping the future of investment in Abu Dhabi and contributing to the long-term economic development of the UAE and the region. 'More regional and global investors will benefit from seamless access to the ADX platform to unlock opportunities for expansion in the emirate's thriving sectors and industries.' Al Mazrouei added that ADX Group will continue to innovate, ensuring a robust and reliable marketplace to raise capital, facilitate greater investment flows, and uphold financial resilience and stability. Revolutionising trading and investment solutions The new infrastructure will feature enhanced market access, cutting-edge trading technology, and a broadened range of post-trade services to provide faster, more efficient trade clearing and settlement solutions. The ADX Group aims to unlock greater investment opportunities, deepen market liquidity, and provide quicker access to Abu Dhabi's dynamic industries. Abdulla Salem Alnuaimi, group CEO of ADX, highlighted the significance of this transformation, saying: 'The ADX Group is leading the way in using new technology to expand and strengthen Abu Dhabi's investment landscape. 'Our enhanced trading system aims to increase resilience and performance by 400 per cent, reinforcing the emirate's position as a global financial hub.' ADX Group marks a new chapter in capital markets infrastructure A key feature of the ADX Group's new strategy is its strategic partnership with Nasdaq, which supports the modernisation of the trading infrastructure through a core platform upgrade (CPU). The CPU integrates multiple asset classes: equities, ETFs, debt instruments, and derivatives – into a single, high-performance platform, optimised for high-frequency trading and algorithmic strategies. Magnus Haglind, SVP and head of Marketplace Technology at Nasdaq, commented: 'We are excited about the opportunity to partner with ADX and help deliver this forward-thinking vision for its marketplace. By modernising the infrastructure, we can remove barriers to wider participation and help economies thrive.' The platform improvements also include new order types, negotiated deal features, and integration with international financial institutions using the ISO 20022 messaging protocol. Post-trade services: AD Clear and AD CSD In addition to the new trading capabilities, the ADX Group has launched two subsidiaries focused on post-trade services: Abu Dhabi Clear (AD Clear) and Abu Dhabi Central Securities Depository (AD CSD). These entities will enhance the market's efficiency by providing clearing, settlement, depository, and risk management services for both local and international investors. AD Clear is a Central Counterparty Clearinghouse designed to improve clearing and settlement efficiency while reducing counterparty risk. AD CSD, the region's leading central securities depository, will ensure the resilience and stability of the capital market by safeguarding securities, managing corporate actions, and facilitating the seamless transfer of shares. ADX's global growth and investment appeal ADX has consistently outperformed the MSCI Emerging Markets Index since 2020, with its General Index growing by 86 per cent over the past five years. Ranked 7th globally by market capitalisation for emerging market exchanges, ADX is a major player in global capital markets. As the largest capital market in the UAE, ADX offers investors access to some of the country's most valuable companies. In 2024, ADX accounted for 27 per cent of With a vibrant investor base of over 200 nationalities, ADX serves a diverse community of investors trading in 188 listed securities. The ADX Group's enhancements are designed with the future in mind, catering to the evolving needs of institutional investors, brokers, issuers, and businesses.
Mid East Info
05-02-2025
- Business
- Mid East Info
The Emirati Talent Competitiveness Council announces the second formation of the 'Nafis Youth Council.'
Sultan Al Neyadi: We look forward to the important role of the 'Council' in enhancing youth participation in shaping pioneering policies and initiatives. Ghannam Al Mazrouei: The 'Nafis Youth Council' contributes to translating our wise leadership's vision aimed at empowering youth. United Arab Emirates, Abu Dhabi, February 2025: The Emirati Talent Competitiveness Council announced the second formation of the 'Nafis Youth Council 2025-2027,' which includes a group of young Emirati men and women working in various vital sectors within the private sector. The establishment of the council, which comprises 15 Emirati citizens from various vital sectors within the country's private sector and is overseen by the Emirati Talent Competitiveness Council, aligns with the standards set by the Federal Youth Authority. In this context, His Excellency Dr. Sultan bin Saif Al Neyadi, Minister of State for Youth Affairs, stated: 'The 'Nafis Youth Council' embodies the visionary leadership's aim to empower youth and activate their pivotal role in leading the journey of development and sustainable growth. It serves as a vital bridge that enhances communication among Emirati youth working in the private sector. The council provides young people with the opportunity to present innovative ideas that support the objectives of the 'Nafis' program, aiming to engage national talents in the private sector to achieve accomplishments across various fields.' H.E. Al Neyadi added: 'Youth are the true wealth of the country and the foundation for building its bright future. We look forward to the significant role of the new formation of the 'Nafis Youth Council,' which includes a select group of inspiring national talents, in enhancing youth participation in shaping pioneering policies and initiatives. We aim to empower them to present practical insights that contribute to developing the work environment, driving private sector growth, addressing challenges, and capitalizing on the opportunities available to youth in the UAE. We rely on the council members and their creativity to propose unique initiatives that support the nation's competitiveness in sustainable economic development. We emphasize the importance of listening to the voices of youth and activating their role as partners in success, and we remain committed to continuously supporting them to be an integral part of the nation's journey of growth and prosperity.' For his part, His Excellency Ghannam Al Mazrouei, Secretary General of the Emirati Talent Competitiveness Council, expressed his gratitude to the members of the first formation of the Nafis Youth Council, saying: 'We are proud of the tangible achievements made by the first formation over the past two years. We call upon the members of the newly formed Nafis Youth Council to continue presenting innovative and unique initiatives that support the objectives of the Emirati Talent Competitiveness Council, enhancing the competitiveness of Emirati talents in the private sector and supporting the nation's directions, as well as fulfilling the aspirations of youth to work in the private sector.' He added that the Nafis Youth Council contributes to translating our wise leadership's vision aimed at empowering youth and enhancing their role as a fundamental element in achieving sustainable development and as a key driver of the national economy. Members of the Second Formation: The second formation of the Nafis Youth Council includes a distinguished group of citizens representing vital sectors in the country. They are: Majid Khamis bin Zouba, Chairman of the Council; Mohammed Al Majidi; Mohammed Ali Mohammed Al Zeyoudi; Marashi Al Shaima Al Akkam; as well as Mohammed Khalid Al Ansari; Hamad Abdullah Al Shehhi; Ibrahim Talal Ibrahim Al Balushi; Mubarak Matar Al Mansouri; along with Maitha Saif Al Qaidi; Ahmed Mohammed Al Fardan; Maryam Abdulrahman Al Marzouqi; Rashid Rabea Mohammed Al Mazrouei; Ahmed Mohammed Al Janahi; Fatima Mansour Al Karbi; and Amina Khalil Ibrahim. Their professional specializations vary across engineering, business development, financial auditing, marketing, artificial intelligence, human resources, and public relations within sectors such as industry, banking, consulting, transportation, energy, education, and retail. Objectives and Tasks of the Council: The Nafis Youth Council aims to create a dialogue platform for regular communication between the Emirati Talent Competitiveness Council and the youth, encouraging young people to join the private sector, and providing opinions and recommendations on plans and policies related to Emiratisation. Additionally, it seeks to inspire students interested in exploring career fields that align with future demands, innovate initiatives that enhance youth skills to meet the future work requirements in the private sector, and harness youthful energies while attracting talented and creative individuals to contribute to various initiatives. The council contributes to supporting government enablers by having its members participate in the Private Sector Youth Forum, workshops to enhance the attractiveness of the private sector, and various media initiatives. It also plays a role in raising awareness and changing perceptions through youth discussion sessions, awareness workshops for school and university students, and participation in job fairs. The council represents young Emiratis working in the private sector by participating in community councils, conferences, and various events, in collaboration with the Federal Youth Authority. Council members are responsible for collaborating with different entities and councils to coordinate initiatives related to Emiratisation in the private sector, providing effective ideas and suggestions to the council, engaging youth and the community in youth initiatives, and representing the Nafis program in the media.
