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ADX Partakes In 8th Annual Abu Dhabi Conference

Date 15/12/2013

Abu Dhabi Securities Exchange (ADX) participated in the 8th Annual Abu Dhabi Conference organized by the Abu Dhabi Department of Economic Development.  The conference took place at the Westin Hotel in Abu Dhabi on. 

The conference provided a platform to share the UAE’s latest accomplishments, initiatives and future plans, as well as to promote Abu Dhabi’s economic growth. The conference also discussed the shifting of economic balance toward emerging markets, opportunities for investments and how Abu Dhabi can capitalize on investor appetite.

ADX CEO, Mr. Rashed Al Baloushi, partaking in a session on the role of the Abu Dhabi Securities Exchange to facilitate wider investment capability into the Emirate, spoke of the opportunities associated with the MSCI upgrading of the UAE Markets to Emerging Markets Status and the expected USD 370 million new inflows as a result of the upgrade.  He also appraised the financial regulatory processes and transparency frameworks being developed to cement Abu Dhabi as a business hub.  Finally, Mr. Al Baloushi discussed market capitalization, investor base-line and updated incentives for international institutions to invest in Abu Dhabi’s capital markets

 “Our commitment to quality, stability and sustainability are the guiding principles of our future strategy as set out in Abu Dhabi Vision 2030. We are committed to constantly enhancing the level of quality of our services in order to be in a position to offer top-quality services to internationally oriented investors. We have the highest level of commitment to the common international standards of quality, compliance and good market practice.” Al Baloushi said on the sidelines of the conference.