Middle East Desk
Report
DUBAI: The United Arab Emirates’ (UAE) Abu Dhabi Securities Exchange (ADX) and Israel’s Tel Aviv Stock Exchange (TASE) signed an agreement to explore potential opportunities for collaboration and cross-listing of securities, media reported.
The MoU was signed at a virtual signing ceremony. The MoU will facilitate the development of channels of communication to foster co-operation between the two exchanges and contribute to the growth of the capital markets in the UAE and Israel. It was the first time an Arab exchange has entered into a commercial relationship with the state of Israel, WAM noted.
