Economy News – Baghdad
The Iraq Stock Exchange and the Iraqi Securities Authority signed on Wednesday a strategic memorandum of understanding with the Abu Dhabi Securities Exchange to join the “Tadadal” platform for digital trading, thus becoming the ninth member of the platform.
The Iraq Stock Exchange said in a statement received by “Economy News” that “the signing ceremony was held at the headquarters of the Abu Dhabi Securities Exchange, and this step comes within the framework of strengthening joint cooperation between the two sides, based on the initial agreement announced between the Iraqi Securities Authority and the Abu Dhabi Securities Exchange in January 2025, with the aim of enhancing joint cooperation between the capital markets in the two countries.”
She added that “the agreement aims to consolidate cooperation frameworks in multiple fields, including technology and innovation, the development of trading and post-trading systems, and the exchange of best practices and technologies in the fields of trading,” explaining that “this memorandum will contribute to paving the way for investors and brokerage companies for direct and smooth trading between the Abu Dhabi Securities Exchange and the Iraq Stock Exchange, as the “Tadalal” platform allows brokerage companies in both markets to access other markets remotely, contributing to enhancing the interdependence between markets, and enabling Iraqi investors to access regional and international investment opportunities.”
“By taking advantage of the Tadala platform, investors in member markets will be able to participate in the initial public offerings between them, which contributes to highlighting the advantages of cross-border trading and expanding the investment horizons,” she said.
The Chairman of the Iraqi Securities Authority, Faisal Al-Himas, praised this step, stressing that “the accession of the Iraqi market to the ‘Exchange’ platform is a paradigm shift in the process of developing the infrastructure of the financial market in Iraq.”
He added that “this platform will enhance the opportunities of regional partnership and economic integration with the Arab capital markets, which contributes to opening wider horizons for investors and reflects the Authority’s commitment to supporting the digital transformation in the Iraqi financial market.”
In turn, the Executive Director of the Iraq Stock Exchange, Jimmy Understand Thomas, said: “We are proud to have the Iraq Stock Exchange joined the Titadal platform for digital trading, as this represents an important step towards developing the Iraqi financial market and enhancing its accession with regional markets.”
She pointed out that “this cooperation with the Abu Dhabi Securities Exchange comes in line with the efforts of the Iraqi government to promote economic growth and increase investment, which supports the government’s objectives in promoting economic openness and developing financial infrastructure.”
For his part, the CEO of the Abu Dhabi Securities Exchange Group, Abdullah Salem Al Nuaimi, said: “This memorandum of understanding marks a milestone in the cooperation between the Abu Dhabi Securities Exchange and the Iraq Stock Exchange.”
He added that “this cooperation enhances the position of the Iraq market within the regional system, by increasing market activity, and providing a wider range of opportunities for investors by providing access to diverse investment options in companies listed in both markets.”
He continued: “The platform also provides access to more than 7.5 million investors for member exchanges, and includes more than 490 listed companies, as 2025 witnessed a doubling of trading activities between member financial markets compared to 2024, reflecting the platform’s position in the regional financial landscape.”
In addition to the Abu Dhabi Securities Exchange, the Tamdal platform currently houses a range of prominent exchanges in the region, including the Bahrain Stock Exchange, the Muscat Stock Exchange, the Astana International Stock Exchange, the Kazakhstan Stock Exchange, the Central Asia Stock Exchange, the Armenia Stock Exchange and the Amman Stock Exchange, while talks are currently underway with a number of other financial markets to join the platform.
Exchange provides a full range of trading opportunities for investors in member markets, through seamless and flexible solutions that support business development and expansion of investment, and contribute to promoting sustainable economic growth.
The “Tabadal” platform confirms the commitment of the Abu Dhabi Securities Exchange (ADX) to developing an advanced technological infrastructure and expanding investors’ access to the markets, through strategic partnerships with leading financial markets, especially in Arab countries such as Iraq. This also contributes to enhancing liquidity, providing innovative trading solutions, and supporting the integration of financial markets at the regional and international levels.
https://economy-news.net/content.php?id=54763