Abu Dhabi: Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, is delighted to announce its participation in the GITEX Technology Week 2018, which will be held at the Dubai World Trade Centre from 14th - 18th of October, 2018. ADX will be part of the Abu Dhabi Government pavilion, which aims to create a unique experience for visitors through a unified platform across all government entities. ADX’s goal is also to educate GITEX’s visitors about the continuous efforts exerted, as well as the achievements, toward establishing a comprehensive knowledge-based digital community. This will be achieved by implementing by displaying the latest government services and applications within a unified platform across government entities.
During GITEX, ADX will showcase the continued progress it has made towards digital transformation and preview its comprehensive operational framework, which will significantly improve the value and quality of digital services offered to investors and users. This is part of ADX’s continuous efforts to achieve a fundamental transformation and implement a quality-focused shift in the way government services are rendered to Abu Dhabi constituents, while also enhancing their experience.
ADX has always been a pioneer in innovation and FinTech solutions and was the first stock market in the MENA region – and third globally – to adopt blockchain in its services in e-voting for listed companies AGMs. Additionally, in early 2018, ADX signed a Memorandum of Understanding (MoU) with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and seven leading global Central Securities Depository (CSD) companies, to collaborate on blockchain implementation in trading and capital market transactions. Furthermore, ADX signed a partnership deal with Equichain to join its working community, which aims to develop implementations of digital transactions of blockchain and bring efficiencies to capital markets.
Rashed Al Blooshi, Chief Executive of ADX said: “GITEX Technology week is an ideal platform to showcase ADX’s latest digital initiatives and applications, which we designed to facilitate and simplify the investors transaction and to support ADX’s digital transformation. This participation will also consolidate Abu Dhabi’s position as a global center for technological innovation, achieved through launching innovative initiatives and projects and attract major international companies."
“ADX is keen to support Abu Dhabi government digital transformation by devising innovative strategies and solutions to advance government integration, automation and performance. This comes in line with the Abu Dhabi Economic Vision 2030’s strategic objectives, in which ADX is considered a key contributor.”
ADX is committed to fostering a business environment that is competitive as well as flexible and strives to devise and adopt new, specialized digital technologies that meet the evolving requirements of its stakeholders, comply with the highest international standards and align with the digital transformation of Abu Dhabi’s government services.
He added: “ADX remains steadfast when it comes to introducing new ways to ease the process of security exchange transactions. Our recurring presence in GITEX motivates us to further facilitate our customers’ user-experience and introduce leading digital solutions that increase user-satisfaction and meet all our stakeholders’ needs. We continuously look to diversify and innovate the channels of communication for investors, as well as design digital platforms and solutions to improve government performance and efficiency, and pave the way for continued innovation through the optimal use of the latest technology.”
GITEX Technology Week is one of the most prominent ICT exhibitions in the MENA region, during which professionals gather to experience the most advanced technologies and e-services. The exhibition highlights the government’s efforts towards digital transformation. GITEX also affords professionals from different organisations in the private and public sector an opportunity to share expertise and showcase game-changing technologies, some of which can be utilized in the financial services sector.
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For further information, please contact:
Mary Khamasmieh
Associate Account Director
Weber Shandwick
Mobile: +971 50 2731 753
Email: MKhamasmieh@webershandwick.com
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication & Digital Marketing - Marketing & Corporate Communication Department, Abu Dhabi Securities Exchange
Tel: 00971 (2) 6128774
Mobile: 00971 (50) 6689733
Email: ALKhateebA@adx.ae
About ADX:
Abu Dhabi Securities Exchange (ADX) was established on November 15 of the year 2000 by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions.
ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).
In 2014, ADX was upgraded to ‘Emerging Market’ status by both MSCI and S&P Dow Jones. ADX was already classified as an Emerging Market by FTSE in 2009 and in 2011 by S&P and Russell Investments.
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