Latest news with #Tabadul
Al Bawaba
6 days ago
- Business
- Al Bawaba
Armenia Stock Exchange Goes Live on Tabadul Platform
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 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 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 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 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
7 days 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
03-06-2025
- 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.
Shafaq News
21-05-2025
- Business
- Shafaq News
Baghdad unveils plan for carbon bond market
Shafaq News/ On Wednesday, Iraq proposed the establishment of a regional carbon bond exchange platform, which could generate up to billions in revenue over the next decade. Speaking at Iraq's first Conference on Carbon Economics, Mohamed Sahib Al-Darraji, the Advisor to the Prime Minister for Technical Affairs, called for the creation of a regional carbon trading platform named Tabadul (Exchange), to be led by Iraq. 'There are more than 70 sources capable of generating carbon credits in Iraq,' he noted, estimating that the country could earn approximately $100B in the coming ten years by attracting international and domestic companies to operate in this field. This estimate is supported by expert companies and highlighted strong interest from global firms during a recent visit to the UK, he explained, urging the Iraq Development Fund to play a central role in investing carbon revenues. Al-Darraji also emphasized that Iraq has the legal framework to partner with the private sector under Article 15 of Public Companies Law No. 21 of 1997, facilitating joint ventures in carbon bond development. 'Carbon investment is part of a broader strategy to finance Iraq's industrial sector through modern technical methods that reduce emissions and support sustainable development.' Earlier today, Oil Minister Hayan Abdul-Ghani announced that Iraq will inaugurate its first solar-powered electricity plant by the end of 2025. Moreover, the Central Bank of Iraq unveiled a series of green finance measures, including a one trillion-dinar (about $767,2) initiative to fund renewable energy projects.
Iraq Business
24-04-2025
- Business
- Iraq Business
Iraq Stock Exchange to join Tabadul Digital Trading Platform
By John Lee. The Abu Dhabi Securities Exchange (ADX), the UAE's largest financial market, has signed an agreement with the Iraq Stock Exchange and the Iraqi Securities Commission (ISC), paving the way for Iraq to join the regional digital trading platform, Tabadul. The signing ceremony was held at ADX headquarters on Tuesday. The agreement follows a preliminary accord announced in January, aimed at enhancing cooperation between the capital markets of Iraq and the UAE. The partnership will focus on technology, innovation, post-trade systems, and the exchange of best practices. By joining Tabadul, Iraq becomes the platform's ninth member, enabling seamless cross-border trading between Iraqi and Emirati investors and brokers. The platform allows remote market access and supports participation in IPOs across member exchanges, broadening investment horizons. (Sources: ADX, ISC)
