Latest news with #MoU
Zawya
a day ago
- Business
- Zawya
Abu Dhabi Securities Exchange signs MoU with Budapest Stock Exchange
The Abu Dhabi Securities Exchange (ADX), one of the fastest-growing and leading exchanges in the Middle East, and the Budapest Stock Exchange (BSE), the second-largest exchange in Central and Eastern Europe, signed a Memorandum of Understanding (MoU) to collaborate on a number of key initiatives. The signing took place on the sidelines of the state visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, to Hungary. The signing ceremony took place at the offices of the BSE in the presence of Saud Hamad Al Shamsi, UAE Ambassador to Hungary. The MoU sets out to deepen relations between the two countries' capital markets and share best practices. The agreement also marks another important step in the BSE's efforts to build international relations, including in the Middle East. The development dovetails well with ADX's ongoing efforts and initiatives to strengthen relationships with leading global financial institutions. Within the framework of the agreement, the two parties will seek, among other things, to promote the visibility of the Hungarian and UAE capital markets by organising joint events such as investor roadshows, seminars and educational programs. The parties are also exploring the possibility of cooperation in the development and promotion of ETF products in order to provide investors in both markets with more diversified and modern instruments. The BSE and ADX will also analyse the possibilities of dual listings and cross-border trading. The two exchanges are also planning closer professional cooperation in the field of ESG. A key part of the agreement is the sharing and exchange of best practices, including on market developments, regulatory practices, product development and IT capacity building. The two parties will explore and evaluate appropriate pathways for the BSE to become part of the Tabadul Hub, a pioneering platform launched by ADX in 2022. As the region's first digital exchange based on a mutual market access model, Tabadul facilitates seamless cross-border trading by connecting exchanges through a digital network and enabling brokerage firms to provide remote access to international markets. On the signing of the MoU, Abdulla Salem Alnuaimi, Group CEO of Abu Dhabi Securities Exchange (ADX), said, 'This collaboration with the Budapest Stock Exchange marks a key milestone in ADX's global integration journey, establishing a strong foundation for enhanced cooperation and innovation. Together, we aim to develop new financial products, including ETFs, indices, and other investment vehicles, to serve both local and international investors. The partnership also explores opportunities for cross-listings between the two markets, while the Tabadul Hub will further enhance digital connectivity and remote market access. This strategic alliance reinforces Abu Dhabi's position as a dynamic and globally connected financial centre committed to sustainable growth and shared prosperity.' Tibor Tóth, CEO of the Budapest Stock Exchange, emphasised that the partnership not only strengthens the relationship between the two exchanges but also opens new opportunities for Hungarian and Emirati investors. 'We are confident that these new initiatives will make our markets even more attractive to both domestic and international investors. Tabadul is a unique platform and initiative providing exciting opportunities for BSE'. This strategic collaboration is set to provide a robust platform for financial growth and connectivity between the UAE and Hungary, reflecting ADX's and BSE's commitment to global economic progress.
Al Bawaba
a day ago
- Business
- Al Bawaba
Abu Dhabi Securities Exchnage (Adx) Signs Mou With Budapest Stock Exchange (Bse) for Strategic Partnership and Collaboration
The Abu Dhabi Securities Exchange (ADX), one of the fast-growing and leading exchanges in the Middle East, and the Budapest Stock Exchange (BSE), the second largest exchange in Central and Eastern Europe, signed a Memorandum of Understanding (MOU) to collaborate on a number of key initiatives. The signing took place on the sidelines of the state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE to Hungary. The signing ceremony took place at the offices of the BSE in the presence of H.E. Saud Hamad Al Shamsi, UAE Ambassador to Hungary. The MOU sets out to deepen relations between the two countries' capital markets and share best practices. The agreement also marks another important step in the BSE's efforts to build international relations, including in the Middle East. The development dovetails well with ADX's ongoing efforts and initiatives to strengthen relationships with leading global financial institutions. Within the framework of the agreement, the two parties will seek, among other things, to promote the visibility of the Hungarian and UAE capital markets by organizing joint events such as investor roadshows, seminars and educational programs. The parties are also exploring the possibility of cooperation in the development and promotion of ETF products in order to provide investors in both markets with more diversified and modern instruments. The BSE and ADX will also analyse the possibilities of dual listings and cross-border trading. The two exchanges are also planning closer professional cooperation in the field of ESG. A key part of the agreement is the sharing and exchange of best practices, including on market developments, regulatory practices, product development and IT capacity building. The two parties will explore and evaluate appropriate pathways for the BSE to become part of the Tabadul Hub, a pioneering platform launched by ADX in 2022. As the region's first digital exchange based on a mutual market access model, Tabadul facilitates seamless cross-border trading by connecting exchanges through a digital network and enabling brokerage firms to provide remote access to international the signing of the MOU, Abdulla Salem Alnuaimi, Group CEO of Abu Dhabi Securities Exchange (ADX), said 'This collaboration with the Budapest Stock Exchange marks a key milestone in ADX's global integration journey, establishing a strong foundation for enhanced cooperation and innovation. Together, we aim to develop new financial products, including ETFs, indices, and other investment vehicles to serve both local and international investors. The partnership also explores opportunities for cross-listings between the two markets, while the Tabadul Hub will further enhance digital connectivity and remote market access. This strategic alliance reinforces Abu Dhabi's position as a dynamic and globally connected financial center committed to sustainable growth and shared prosperity.'Tibor Tóth, CEO of the Budapest Stock Exchange, emphasized that the partnership not only strengthens the relationship between the two exchanges but also opens new opportunities for Hungarian and Emirati investors. 'We are confident that these new initiatives will make our markets even more attractive to both domestic and international investors. Tabadul is a unique platform and initiative providing exciting opportunities for BSE'. This strategic collaboration is set to provide a robust platform for financial growth and connectivity between the UAE and Hungary, reflecting ADX's and BSE's commitment to global economic progress.
The Hindu
2 days ago
- Politics
- The Hindu
India, South Korea hold 13th high-level Coast Guard meeting in Delhi
The 13th high-level meeting between the Indian Coast Guard (ICG) and the Korea Coast Guard took place in New Delhi on Monday (July 21, 2025). The meeting was led by S. Paramesh, Director General, ICG, and Kim Yong Jin, Commissioner General of the Korea Coast Guard, on an official visit to India from July 20-24 as the head of a five-member delegation. During the meeting, discussions were held on strengthening operational cooperation in key areas, including maritime search and rescue, pollution response, and maritime law enforcement. Both sides reiterated the importance of sharing best practices, enhancing interoperability, and sustaining regular personnel exchanges under the framework of the Memorandum of Understanding (MoU) signed between the two agencies in 2006. The KCG delegation will also travel to Mumbai from July 23-24, where they are scheduled to undertake an industrial visit to Mazagon Dock Shipbuilders Limited, and ICG patrol vessels, further reinforcing maritime, industrial, and operational linkages. The meeting provided fresh momentum to the enduring and professional relationship between the two Coast Guards, and reaffirmed their joint commitment to promoting maritime safety, security, and environmental protection in the region, the ICG said. Earlier in the day, the Korea Coast Guard Commissioner called on Defence Secretary Rajesh Kumar Singh. The meeting included a discussion on enhancing India-South Korea Coast Guard cooperation, with a focus on search and rescue, and maritime pollution response, the Union Ministry of Defence posted on social media platform X.
Zawya
2 days ago
- Business
- Zawya
Presight signs strategic MoU with the Tajikistan Ministry of Industry and New Technologies
Dushanbe, Tajikistan – Presight, a leading global AI and big data analytics company, has signed a non-binding Memorandum of Understanding (MoU) with the Ministry of Industry and New Technologies of the Republic of Tajikistan to establish strategic collaboration in the field of artificial intelligence. The signing ceremony took place during the Tajikistan-UAE Business Forum in Dushanbe and was attended by UAE Minister of Economy H.E. Abdulla bin Touq Al Marri and UAE Ambassador to Kazakhstan H.E. Dr. Mohammed Saeed Al Ariqi. The MoU outlines a strategic collaboration to support the growth of Tajikistan's AI ecosystem. The Ministry was represented by Sherali Kabir, Minister of Industry and New Technologies of Tajikistan, and Presight was represented by Maxat Koshumbayev, regional director of Central Asia operations. Sherali Kabir, Minister of Industry and New Technologies of Tajikistan, said: 'We are excited to engage with Presight on furthering Tajikistan's AI ecosystem. Our nation has pioneered the full supply chain of AI—from green AI compute to frontier synthetic data applications and introduction of AI in the school curriculum. We view Presight as a strategic AI partner for Area AI, our global AI technopark, with plans for joint AI deployments in smart cities, industry and infrastructure.' Commenting on the collaboration, Maxat Koshumbayev commended Tajikistan for their digital transformation vision: 'Presight is proud to support Tajikistan's national AI strategy leveraging Presight's global expertise through innovation, infrastructure and talent development. We believe this collaboration will bring lasting value to the country's digital future and contribute to regional technological development.' Under the MoU, the parties intend to cooperate in areas including the piloting of AI-powered government and enterprise solutions in key sectors such as smart cities, energy, and cybersecurity. The MoU also includes the creation of a joint working group to coordinate pilot projects, support the transfer of technologies, and explore AI-driven innovation across the country. In addition, the parties will explore AI-based operational solutions for critical infrastructure such as the Dushanbe International Airport. The collaboration is a testament to the growing economic and technological ties between Tajikistan and the United Arab Emirates, and reflects Presight's commitment to advancing digital transformation across Central Asia. About Presight Presight is an ADX-listed public company with Abu Dhabi-based G42 as its majority shareholder and is a leading global AI and big data analytics company. It combines big data, analytics, and AI expertise to serve every sector, of every scale, to create business and positive societal impact. Presight excels at all-source data interpretation to support insight-driven decision-making that shapes policy and creates safer, healthier, happier, and more sustainable societies. Today, through its range of AI-driven products and solutions, Presight is bringing Applied Intelligence to the private and public sector, enabling them to realize their AI strategy and ambitions faster.
Al Bawaba
2 days ago
- Automotive
- Al Bawaba
Volkswagen Oman signs MoU with Sohar International to offer flexible and attractive auto financing
Volkswagen Oman, represented by Premium Motors, has signed a strategic Memorandum of Understanding (MoU) with Sohar International, ushering in a new era of flexible and competitive car financing solutions in the Sultanate. The agreement offers preferential interest rates, quick approvals, and streamlined processing for customers purchasing new or certified pre-owned Volkswagen MoU was signed by Christian Nehme, General Manager of Premium Motors, and Abdul Qader Al Sumali, Chief Retail and Premier Banking Officer at Sohar collaboration aims to enhance convenience and affordability, making Volkswagen ownership more accessible for individuals and families across Oman. Sohar International, known for its innovative retail banking approach, will offer customized financing packages tailored to a range of customer partnership reflects our shared commitment to delivering greater value and peace of mind to car buyers,' said Christian Nehme. 'Volkswagen stands for quality and trust. With Sohar International's support, we are making the ownership journey even more attainable.' Volkswagen continues to strengthen its presence in Oman with a diverse vehicle lineup—from dynamic models like the Golf R and GTI to family-friendly SUVs such as the Teramont, Touareg, Tiguan and T-Roc. Through its Certified Used Cars program, the brand also delivers exceptional value with dealership-backed benefits. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
