In a historic move, the Abu Dhabi Securities Exchange (ADX) and the Iraqi Securities Commission have signed a game-changing Memorandum of Understanding (MoU), signaling a new era of collaboration and innovation between the two financial markets. This strategic partnership aims to enhance trading practices, improve market accessibility, and most notably, facilitate cross-border investments between the UAE and Iraq. At the heart of this agreement is the integration of the Iraqi Stock Exchange into the cutting-edge Tabadul digital platform, a revolutionary step that will reshape the landscape of regional and international investing.
The signing ceremony, which took place under the patronage of Iraq’s Prime Minister Mohammed Shiaa’ Al Sudani, marks the beginning of a powerful alliance that promises to unlock vast opportunities for investors in both countries. The MoU outlines a framework for cooperation in a wide range of areas, from technology enhancements and the exchange of best trading practices to investor education and market development. This partnership will not only boost the efficiency and transparency of both markets but will also provide a smoother, more seamless experience for traders and investors, ensuring a higher level of connectivity and trust.
One of the standout features of this agreement is the inclusion of the Iraqi Stock Exchange in ADX’s Tabadul platform, the region’s first-ever digital trading network. Launched in 2022, Tabadul connects multiple exchanges across the Middle East, creating a unified digital ecosystem for cross-border transactions. By joining this platform, the Iraqi Stock Exchange will gain access to a broader range of investment opportunities and allow Iraqi investors to tap into markets across the region with ease.
For ADX, this MoU further solidifies its position as a regional leader in financial innovation, strengthening its presence in the global investment community. Abdulla Salem Alnuaimi, CEO of ADX, expressed excitement about the new opportunities this partnership will create, not just for traders, but also for businesses looking to expand their operations and investment portfolios. As ADX and the Iraqi Securities Commission continue to foster stronger ties, the financial sectors of both nations stand to gain immensely from the innovations, collaborations, and growth that lie ahead.
