Tashkent, Uzbekistan (UzDaily.com) -- On 19 April 2024, Uzbekistan Stock Exchange (UZSE) and the Abu Dhabi Securities Exchange (ADX) signed a Memorandum of Understanding to expand cooperation on key initiatives.

The agreement underlines the commitment of both exchanges to strengthen the global securities market through cooperation and exchange of experience, highlighting the importance of cooperation for the effective development of market economies in both countries.

The memorandum paves the way for the inclusion of the UZSE as a fifth member in the Tabadul Digital Exchange Hub, the region’s first digital exchange center based on mutual market access, improved connectivity and the creation of new opportunities for cross-border investment.

Under the terms of the memorandum, ADX and the UZSE will cooperate in improving electronic trading and post-trading systems, exchange modern trading methods and technologies, and support each other in conducting educational and training programs aimed at stimulating market growth and innovation.

ADX CEO Abdullah Salem Alnuaimi noted that this agreement is a new step in efforts to enhance global connectivity and information sharing between different markets.

Chairman of the Board of UZSE Georgy Paresishvili emphasized the joy of signing a memorandum that will allow further cooperation between exchanges.

The agreement is expected to strengthen cross-border market activity and contribute to the growth of the securities market in the United Arab Emirates and the Republic of Uzbekistan.