Abu Dhabi’s ADX signs deal with Tel Aviv Stock Exchange

Abu Dhabi’s ADX signs deal with Tel Aviv Stock Exchange

Abu Dhabi's ADX signs deal with Tel Aviv Stock Exchange Abu Dhabi government media office announced on Twitter    Electronic boards displaying stock information are seen as investors look on on the floor of the ADX Abu Dhabi Securities Exchange stock market.DUBAI: Abu Dhabi's ADX securities market has signed a memorandum of understanding (MOU) with Israel's Tel Aviv Stock Exchange (TASE) to foster co-operation between the two exchanges, the Abu Dhabi government media office said Wednesday on Twitter.The U.S.-brokered formalisation of ties between the United Arab Emirates and Israel on Sept. 15 has paved the way to commercial deals in various fields.Wednesday's MOU "lay(s) out a road map towards developing bilateral relations through the stimulation of economic growth and the promotion of technological innovation," the TASE said in a statement.It predicted a cross-listing of securities, mutual trading and introduction of investors by each exchange's respective members and data-sharing.(Reporting by Maher Chmaytelli, editing by Louise Heavens and Mark Potter) (([email protected];))Zawya CoveragetelecommunicationsUAE telecom giant Etisalat Group names new CEO aviationDubai Airports CEO lauds UAE-UK corridor, cautions against compulsory COVID-19 vaccinationsaviationUAE's Flydubai unveils bargain fares as low as $270, as demand remains lowequitiesUAE billionaire Hussain Sajwani, family still own over 85% of firm, DAMAC clarifiesequitiesSaudi