ADX hosts annual meeting of Arab Federation of Exchanges

ABU DHABI, (Pakistan Point News - 15th Sep, 2018) Abu Dhabi Securities Exchange (ADX) will host the annual meetings of the Arab Federation of Exchanges (AFE) in Abu Dhabi on 16th -17th September in the presence of a number of CEOs of member stock exchanges and general managers of Clearing Settlement and Depository centres in the Arab world.

The two-day meetings will discuss issues and aspects related to the development of mechanisms of action at Arab stock exchanges as well as ways of promoting Arab financial markets and benefiting from the experience of the member exchanges.

On this occasion, Rashed Al Blooshi, Chief Executive Officer of ADX, said that the selection of Abu Dhabi to host the annual meetings of the AFE is a recognition of the role ADX plays in consolidating cooperation between the Arab stock exchanges, pointing out that stock markets in the Arab world comprise a significant number of emerging and promising stock markets who provide various opportunities for investment and thus exists the need for consolidated cooperation between member Exchanges.

He added that fostering collective work between Arab financial markets is a necessity to promote and enhance the ability of Arab stock markets to attract more investments.