Search Site

Trends banner

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Borsa Istanbul to provide consultancy services to Abu Dhabi Securities Exchange

Korkmaz Ergun (R)and Saeed Al Dhaheri signed the agreement.
  • The agreement was signed during the visit of the President Recep Tayyip Erdoğan of Turkey, to the UAE on Feb 15.
  • Borsa Istanbul will also provide consultancy service to ADX in the establishment of systems, integration, updating the platform.

Borsa Instanbul will provide consultancy services and implementation support to Abu Dhabi Securities Exchange (ADX) in Information Technologies, according to an agreement signed between the two.

The agreement was signed during the visit of the President Recep Tayyip Erdoğan of Turkey, to the UAE on 14th February.

The CEO Korkmaz Ergun, signed it on behalf of Borsa İstanbul and the Managing Director and CEO, Saeed Al Dhaheri, on behalf of ADX.

Borsa Istanbul will also provide consultancy service in the establishment of systems, integration, updating the platform, transferring data to the new platform, application and acceptance tests, experience transfer and training.

Hisham Khalid Malak, Chairman of ADX, said that broadening global partnerships is a core element of ADX’s strategy to increase liquidity, enhance market efficiency, and drive the sustainable growth of our market.

Ergun, in turn, stated that this agreement marks their first service export as Borsa Istanbul.

This includes providing “consultancy on various issues and making every effort to complete this project as a brand project of Borsa İstanbul in the best possible way,” he noted.

The MoU is the latest in a series of strategic partnership agreements signed by ADX as part of its strategy for growth, announced at the beginning of 2021.

In 2021, ADX sealed agreements with Bahrain Bourse, Borsa Istanbul, and Astana International Exchange to unlock direct market opportunities and enhance cooperation through information exchange.