Iraq signs agreement to join digital trading platform with Abu Dhabi
Iraq signs agreement to join digital trading platform with Abu Dhabi
2025-04-23
In a strategic move to develop financial infrastructure and enhance regional cooperation, the Iraq Stock Exchange and the Iraqi Securities Commission signed a memorandum of understanding with the Abu Dhabi Securities Exchange (ADX) on Wednesday to join the exchange’s digital trading platform. The announcement came in a statement issued by the Iraq Stock Exchange, which stated that the memorandum represents an important step toward strengthening cooperation between the capital markets in Iraq and the United Arab Emirates.
The signing took place at the headquarters of the Abu Dhabi Securities Exchange (ADX). Joining the exchange platform represents a major step in strengthening the joint cooperation announced in January 2025 between the Iraqi Securities Commission and the ADX.
The agreement aims to enhance cooperation between the two sides in several areas, including technology, innovation, trading system development, and the exchange of best practices in post-trade trading. This platform also allows brokerage firms in both markets to access other markets remotely, enhancing interconnectivity between markets and facilitating cross-border investment opportunities. This enables Iraqi investors to access regional and global investment opportunities.
Joining the exchange platform also allows investors in member markets to participate in initial public offerings between markets, expanding investment horizons and providing new opportunities for investors in both Iraq and the UAE.
Through this cooperation, the Iraqi market is expected to witness an improvement in its activity and increase investors’ access to a variety of investment opportunities in companies listed on member markets.
In a statement, Chairman of the Iraqi Securities Commission, Faisal Al-Haimus, praised the move, saying, “The Iraqi market’s accession to the Tabadul platform represents a qualitative shift in the development of Iraq’s financial market infrastructure and will contribute to strengthening regional partnerships and economic integration with Arab financial markets.”
For her part, the CEO of the Iraq Stock Exchange, Jimmy Afham Toma, expressed her pride in the exchange’s joining the exchange platform, considering this step a significant step toward strengthening the Iraqi market and linking it to regional markets.
Commenting on the MoU, Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Exchange Group, said: “This MoU is a milestone in the history of cooperation between the Abu Dhabi Securities Exchange and the Iraqi Stock Exchange, as it will contribute to increasing activity in the Iraqi market and providing broader investment opportunities for investors.”
Al Nuaimi added that the exchange platform provides access to more than 7.5 million investors across its member markets, which currently include more than 490 listed companies. He noted that trading activity between member markets witnessed a significant increase in 2025 compared to the previous year.
This also contributes to enhancing liquidity, providing innovative trading solutions, and supporting the integration of financial markets at the regional and international levels.
burathanews.com
