Targets business students across the UAE
Abu Dhabi: Abu Dhabi University's College of Business Administration has partnered with Abu Dhabi Securities Exchange (ADX) to launch the first "ADU's Stock Market Competition 2014" from 15th of April to 22nd of May. Titled "How would you invest AED 100,000?", the competition targets undergraduate business administration students from universities across the UAE, giving them the opportunity to implement innovative investment strategies and trade AED 100,000 virtual cash in ADX's online Stock Market Game. The top 5 teams with highest investment returns and unique strategies will be invited to Abu Dhabi University's campus to present their strategies to a panel of expert judges who will chose the 3 winning teams of the competition.
Commenting on the distinctiveness of the competition, Dr. Nabil Ibrahim, Chancellor of Abu Dhabi University explained that its importance is reflected in the opportunity it offers business students from all over the United Arab Emirates to apply trade and investment theories they learn in their classrooms on a virtual trading platform developed by ADX. "The Stock Market Game enables students to make that vital connection between theory and practice in an innovative educational context that inspires their creativity in developing and applying investment strategies. The competition is part of the ongoing partnership between Abu Dhabi University and Abu Dhabi Securities Exchanges that aims to enhance cooperation between both parties in institutional development, training and research as well as curriculum development and the advancement of investment awareness among the younger generation", concluded Dr. Ibrahim.
On his part Rashed Al Blooshi, Chief Executive of ADX, said: "It is a pleasure to launch this competition with Abu Dhabi University as it enjoys an exceptional reputation in the region and we are very keen to collaborate with them on a number of areas of common interest. We are also sure that this collaboration will contribute to constructive cooperation in promoting relations between our two institutions. Not only for the purpose of creating and developing relationships that are mutually beneficial, but also for the positive impact such partnerships entail on the general good of the community and on the students of the financial and economic disciplines in particular. The cooperation between ADX and Abu Dhabi University in particular, and ADX and universities and academic institutes in general reflects the commitment of the Abu Dhabi Securities Exchange to support educational initiatives and our commitment to encourage and promote professional skills of students in all parts of the United Arab Emirates towards achieving investment literacy and attaining potential careers in the investment world. I sincerely believe that this cooperation will have a real value for both Abu Dhabi University and Abu Dhabi Securities Exchange," said Al Blooshi.
He added: "This cooperation is part of ADX commitment to support educational initiatives as directed in Abu Dhabi 2030 Vision, it is also to encourage and promote initiatives on the academic side of knowledge for students in all parts of the UAE through engaging them in scientific competitions with an innovative aspect that supports, and improves, their mental powers and enhances the level of their educational attainment" .
Basant Mohamed Teaching Assistant at ADU's College of Business Administration pointed out that business student can participate in this unique nation-wide by forming teams comprising of 2 to 5 members and registering on the Abu Dhabi Securities Exchange website from the 15th to 21st of April. "The competition's trade simulation will start on April 22nd to May 22nd, after which the top 5 teams with the highest investment returns and most innovative investment strategies will be chosen to present to a panel of expert judges at a closing ceremony held on Abu Dhabi University's campus to announce the 3 winning teams", added Mohamed.
For more information about the competition: www.adu.ac.ae/competition.html
About Abu Dhabi University (ADU)
Since its inception in 2000, under the patronage of HH Sheikh Hamdan Bin Zayed Al Nahyan, the Ruler's Representative in the Western Region and President of Abu Dhabi University's Board of Trustees, Abu Dhabi University has become one of the region's leading centers of academic excellence. Its vibrant and cosmopolitan student population represents more than 60 nationalities. Through its globally competitive curriculum, ADU formulates highly unique degree programs that maximize graduates' chances of employment. It strives to become one of the world's elite institutions of world-class education and applied research. In addition to a dynamic range of extracurricular activities, ADU also instills a strong spirit of social responsibility in its students so that graduates can help to transform not only their industries; but also their communities and above all, their world.
Abu Dhabi University is licensed by the Ministry of Higher Education & Scientific Research, with all its undergraduate and postgraduate programs accredited. ADU was also the first university to receive the Sheikh Khalifa Excellence Award in 2010. Today ADU is one of only three universities in the UAE to enter the ranks of the world's top 650 universities in the Quacquarelli Symonds (QS) world university rankings of 2012 - 2013.
For more information about Abu Dhabi University please contact:
Omnia Hassan
Public Relations & Media Officer
PO Box: 59911, Abu Dhabi, UAE
Direct: +971 (0)2 501 5624
Mobile: +971 (0)50 220 5281
Email: Omnia.hassan@adu.ac.ae
Web: www.adu.ac.ae
About Abu Dhabi Securities Exchange (ADX)
The Abu Dhabi Securities Exchange (ADX) was established by Local Law No. (3) Of the year 2000, the provisions of which make the Exchange a legal entity with autonomous status, independent finance and management. The law also provides the ADX with the necessary supervisory and executive powers to exercise its functions. ADX began operations on November 15th 2000.
In alignment with the Abu Dhabi Government's Economic Vision 2030, ADX aspires to become the leading stock exchange in the region by leading the development of the UAE capital market through a well-regulated marketplace in a lawful environment that ensures integrity, transparency and disclosure.
ADX has 67 listed securities. Those securities include 65 public joint stock companies, 1 Exchange Traded Fund (ETF) and 1 convertible bond. The ADX had a total market capitalization of just under AED 286 billion (USD 78 billion) as at the end of 2012. The Exchange has signed a number of agreements with major financial institutions to provide custody services, including the National Bank of Abu Dhabi (NBAD), HSBC, Standard Chartered, Deutsche Bank, and Citi.
In 2010, the ADX became the first market in the region to introduce Exchange Traded Funds (ETFs) trading platform, by listing NBAD's 'OneShare Dow Jones UAE 25' ETF, under the ticker symbol 1UAE, and hence established the necessary infrastructure for diversified investment vehicles.
In 2013, the stock exchanges of the U.A.E Markets were upgraded to 'Emerging Market' status by both MSCI index (Morgan Stanley Capital International) and S&P Dow Jones, thus greatly increasing the likelihood of inward global investment flows.
For further enquiries, please contact:
Adel Al Dhaheri
Manger of Media Relations
Abu Dhabi Securities Exchange
Email: adelm@adx.ae
Telephone: 02-6128716
Mobile: 050-6221266
Visit: www.adx.ae
© Press Release 2014
