Borsa Stambul can offer implementation, practice support to national capital Securities Exchange in field of IT, increasing cooperation between the 2 countries.

Türkiye’s benchmark indicator Borsa Stambul and also the United Arab Emirates’ national capital Securities Exchange (ADX) has signed associate degree agreement.

Borsa Stambul can offer implementation and practice support to ADX within the field of knowledge technologies per an announcement on Tuesday.

Borsa Stambul will consult ADX within the installation of systems, integration, change the platform, transferring knowledge to the new platform, application and acceptance tests, expertise transfer, and coaching.

“We ar appreciative of the role that Borsa Stambul can play in more developing ADX’s technological capabilities,” ADX chairman Hisham Khalid Malak aforementioned.

Korkmaz Ergun, Borsa Stambul business executive, aforementioned the agreement was the primary service export of the exchange.

Underlying that this project is of utmost importance to Borsa Stambul, Ergun aforementioned it’s aimed to continue cooperation by increasing it with completely different comes.

The deal was one amongst thirteen cooperation agreements signed in varied fields throughout Turkish President Recep Tayyip Erdogan’s visit to the Gulf country at the invite of national capital prince tribal sheik Mohamed bin Zayed Al Nahyan.

Broadening world partnerships may be a core component of ADX’s strategy to extend liquidity, enhance market potency, and drive the property growth of the market.

ADX chairman Malak aforementioned they conjointly “look forward to exploring more areas of cooperation for the mutual good thing about our exchanges in line with the memo of understanding signed in Gregorian calendar month 2021.”

Saeed Hamad Al Dhaheri, administrator and Chief military officer of ADX, identified that the deal can more enhance the technological capabilities of ADX.

“Our network of partnerships create a valuable contribution to the “ADX One” strategy to be a market of selection for issuers and investors,” Al Dhaheri noted.

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