ISC, ADX discuss Strengthening Economic Ties

 
Baghdad-INA
 
The Iraq Securities Commission (ISC) held discussions on Monday with the Abu Dhabi Securities Exchange (ADX) to finalize a joint cooperation agreement aimed at exchanging expertise and developing financial market operations.
 
According to a statement received by the Iraqi News Agency (INA), “The Chairman of the Iraqi Securities Commission, Faisal Al-Haimus, met during an official visit to Abu Dhabi, the CEO of the Abu Dhabi Securities Exchange Group, Abdullah Salem Al-Nuaimi, where they discussed ways to enhance cooperation between the Iraq Stock Exchange and the Abu Dhabi Securities Exchange, and focused on signing a joint cooperation agreement aimed at exchanging experiences and developing work mechanisms in the capital markets.”
 
He added, “The mechanism of the Iraq Stock Exchange's entry into the digital exchange platform launched by the Abu Dhabi Securities Exchange in 2022 was discussed, as the exchange platform is the first digital exchange center in the region based on the model of mutual access to markets, which currently includes 8 participating financial markets.”
 
Al-Haimus emphasized “the importance of this cooperation in enhancing the role of the Iraqi Stock Exchange at the regional level, as well as in developing the investment environment in Iraq.”
 
For his part, Al Nuaimi expressed ADX's “readiness to support this initiative,” noting that “cooperation with the Iraqi authority will enhance the exchange of knowledge and expertise between regional financial markets and enhance the role of capital markets in economic growth.”
 
“We at ADX believe in the power of cooperation between financial markets, and we look forward to achieving joint successes with the Iraqi Securities Commission, contributing to the development of capital markets and promoting investment in the region,” he added.
 
Al-Haimus participated in the Middle East Investor Relations Association (MEIRA) Annual Conference 2024, held in Abu Dhabi in partnership with the Abu Dhabi Securities Exchange (ADX).
The conference was attended by more than 800 leaders and experts, including representatives of 150 issuers from the GCC and the Middle East, 33 stock exchanges, and more than 150 local and international financial market participants.
 
The conference also provided an excellent platform for the exchange of insights and ideas among more than 80 experts from around the world, who discussed important issues affecting capital markets, such as the growth of GCC markets, the role of artificial intelligence in investor relations, and the integration of environmental, social and governance standards in Islamic finance.
 
This joint cooperation between the Iraqi Securities Commission and ADX reflects Iraq's commitment to developing the investment environment and enhancing the role of capital markets in supporting regional economic growth.