Tuesday, October 08, 2024
Today's News
Tuesday, October 08, 2024
Today's News

ADX, Bahrain Bourse join Muscat Stock Exchange to Tabadul

ADX, Bahrain Bourse join Muscat Stock Exchange to Tabadul

Building regional partnerships, raising liquidity as well as driving sustainable economic markets development in the region

The Abu Dhabi Securities Exchange (ADX) and also Bahrain Bourse (BHB) on Monday revealed that Muscat Stock market (MSX) has now joined the ‘Tabadul’ system, the region’s very first digital exchange center, established on the mutual market gain access to design that gives a trading network in between stock market regionally.

Because of this, MSX’s listed safeties, in addition to those of ADX and BHB, are currently available for digital trading, additionally improving liquidity and also helping with trading mechanisms for investors.

The announcement came throughout a bell ringing event, organised by the Abu Dhabi Securities Exchange at its head office, to officially invite MSX to Tabadul, in the presence of Saeed Hamad Al Dhaheri, managing director as well as CEO of ADX; Shaikh Khalifa container Ebrahim Al Khalifa, CEO of Bahrain Bourse; Haitham Salim Al Salmi, Chief Executive Officer of Muscat Stock Market; and Dr Maryam Buti Al Suwaidi, CEO of the UAE Stocks and also Commodities Authority (SCA).

In September 2022, ADX as well as MSX signed a memorandum of understanding (MoU) to enhance reciprocal collaboration in locations associated with exchange of competence, info, and also advising solutions, along with training, helping with the entrance of broker members, establishing systems, as well as enhancing assimilation.

The MoU was joined the sidelines of the check out of the UAE President, His Highness Sheikh Mohamed container Zayed Al Nahyan to the Sultanate of Oman.

“We are pleased that the Muscat Stock market has joined the Tabadul system. This relocation, in line with Abu Dhabi’s economic diversification ambitions, will contribute to lasting development in economic markets by broadening the capitalist base and also fulfilling their investment passions,” Saeed Hamad Al Dhaheri claimed.

“Today, we are seeing a landmark that highlights our dedication to broaden local connections and also foster partnership as well as connectivity in between the area’s markets. Our objective is to enhance liquidity, assist in trading and also strengthen the overall resources markets,” he claimed.

“We expect working very closely with our partners at BHB as well as MSX to increase financial investment devices and to include extra monetary markets under the Tabadul system, allowing the area’s capital markets to expand as well as enhance each various other’s monetary communities,” he included.

Shaikh Khalifa container Ebrahim Al Khalifa likewise revealed his enjoyment as well as welcome Muscat Stock market to the Tabadul system.

“The platform is a significant step in the direction of enhancing resources market competitiveness in the region, as it connects markets together and also seeks to provide more investment options for capitalists, provided the raised hunger of worldwide institutional investors. We expect onboarding various other markets on Tabadul to better create the system as well as support continual development of markets,” he stated.

Haitham Salim Al Salmi stated Muscat Stock Exchange’s accession to the Tabadul platform is a significant action in our ambitious method to add to the marketplace liquidity as well as give diverse choices for financiers.

“The accession to Tabadul system will likewise be reflected in the enhanced degree of teamwork in between the Muscat Stock Market (MSX), the Abu Dhabi Stocks Exchange (ADX) and also the Bahrain Bourse, which will strengthen collaborations and also drive to sustainable growth,” he stated.

ADX and also BHB released Tabadul in July 2022 adhering to a tactical partnership agreement checked in November 2021 that aimed to boost cooperation opportunities as well as enhance liquidity in both markets, consisting of cross-market trading.

Tabadul is a local platform that intends to give a digital network for trading in between stock market regionally as well as worldwide, in addition to lead the way for a sustainable future economy for the region and also beyond.

The system likewise provides a variety of trading opportunities for financiers in all 3 existing markets straight as well as easily, in addition to linking investors via local middlemans, permitting them to create and satisfy their passions, which is vital to accelerating the economic growth procedure in participant nations.

Last Updated:  01 February 2023

INTERVIEW

Celebrities
In case you missed it

Top picks from The Times, recommended for you

Culture & Life Style
Teenage NYC boy beaten unconscious by group who stole his Air Jordan sneakers
13 Jan 2023
Teenage NYC boy beaten unconscious by group who stole his Air Jordan sneakers
Air Jordans are highly desired tennis shoes A 16-year-old child is recouping after being beaten subconsciously on a Manhattan road by a group that stole his Air Jordan tennis shoes.…
READ MORE
Miss Universe Bahrain Evlin Khalifa wears abayas as beauty pageant begins
Miss Universe Bahrain Evlin Khalifa wears abayas as beauty pageant begins
Evlin Khalifa has said she is devoted to clothing modestly…
READ MORE
The best way to comfort someone when they’re sad
The best way to comfort someone when they’re sad
A limited yet growing body of study recommends that a…
READ MORE
UAE: Hospital announces free support for cancer patients
UAE: Hospital announces free support for cancer patients
Cleveland Center's Angel Program to be initially turned out for…
READ MORE
The biggest movies coming your way in 2023
The biggest movies coming your way in 2023
‘Guardians of the Galaxy Vol 3’  The pop-culture behemoth that…
READ MORE
The Worlds Times Cooking Recipes, advice and inspiration for any occasion.
Entertainment
Christina Karam hits winning note with songs for Egypt
Christina Karam hits winning note with songs for Egypt
Increasing celebrity uses music to advertise country's appeal in 'Egypt Deserves' project A rising star…
Miss World: A brief history, including controversies, criteria and famous winners
Miss World: A brief history, including controversies, criteria and famous winners
The contest, established in 1951, is the longest-running worldwide charm contest Model from around the…
Rihanna dons custom Alaia coat for Super Bowl performance, reveals pregnancy
Rihanna dons custom Alaia coat for Super Bowl performance, reveals pregnancy
Pop as well as R&B super star Rihanna made a grand go back to the…
Georgina Rodriguez is the new face of Italian luxury label Elisabetta Franchi
Georgina Rodriguez is the new face of Italian luxury label Elisabetta Franchi
DUBAI: Argentine version Georgina Rodriguez, who now stays in Saudi Arabia, is the new worldwide…
‘Paper Planes’ rapper M.I.A. joins Wireless Abu Dhabi line-up
‘Paper Planes’ rapper M.I.A. joins Wireless Abu Dhabi line-up
British rap artist M.I.A. is the most recent enhancement to the line-up set to descend…
1309 Studios founder Ghada Al-Subaey talks Arab representation, dressing Georgina Rodriguez
1309 Studios founder Ghada Al-Subaey talks Arab representation, dressing Georgina Rodriguez
Qatar-based ready-to-wear label 1309 Studios, started by business owner Ghada Al-Subaey, has actually been garnering…
‘More like Annabel’s’: London law firm seeks to redress dress code
‘More like Annabel’s’: London law firm seeks to redress dress code
Vardags recommends personnel to be 'wildly magnificent as well as express yourselves fully' with their…
Miss Universe Bahrain stands out in burkini for swimsuit round
Miss Universe Bahrain stands out in burkini for swimsuit round
The preliminary competition will identify which entrants make it to the semi-finals Miss Bahrain Evlin…
In need of spotlight, Hollywood welcomes back tarnished Golden Globes
In need of spotlight, Hollywood welcomes back tarnished Golden Globes
Standup comic Jerrod Carmichael hosted the 80th Worlds ceremony, discarding the normal monologue (zingers regarding…
Golden Globe Awards 2023: Check Full List of Winners
Golden Globe Awards 2023: Check Full List of Winners
Golden World Honors 2023 Full Checklist of Winner: The 80th Golden Globe Honors event has…
Country
Mauritania
Mauritania News
UAE
UAE News
Egypt
Egypt News
Oman
Oman News
South Arabia
South Arabia News
Jordan
Jordan News
Qatar
Qatar News
Kuwait
Kuwait News
Bahrain
Bahrain News
Iran
Iran News