Tag: Abu-Dhabi

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-Top News Abu Dhabi Events

Equestrian Exhibition

Equestrian Exhibition

The capital city is hosting the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) 2021 at Abu Dhabi National Exhibitions Company (ADNEC)…reports Asian Lite News

The eighteenth edition (ADIHEX 2021), organised by the Emirates Falconers’ Club (EFC), will be held under the theme “Sustainability and Heritage… A Reborn Aspiration”, in line with the country’s plans to mark the UAE’s Golden Jubilee celebrations. The event will end on 3rd October, 2021,

As the largest event of its kind in the Middle East and Africa, ADIHEX has become a prestigious global platform that allows participants to identify distributers and partners, expand their businesses, launch and promote latest products in addition to its integral role in promoting and preserving cultural heritage.

Equestrian Exhibition

The event attracts thousands of falconers, hunting and equestrian enthusiasts, end users, traders, major buyers, VVIPS and dignitaries from around the world.

Held under the patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative of Al Dhafra Region and Chairman of the Emirates Falconers’ Club (EFC), ADIHEX 2021 will attract 680 exhibitors and trademarks from 44 countries. Organisers said 319 Emirati exhibitors are participating in the event.

ADNEC said it had completed its preparations to host the ADIHEX 2021 and confirmed that the entry is limited to those who are vaccinated, and must present Green Pass status on Alhosn application in addition to a negative PCR test result within the last 48 hours, to enter the event.

The ADIHEX Conference is a premier learning platform that offers free-to-attend workshops, panel discussions and case studies to the ADIHEX attendees.

ALSO READ: First ever ‘Abu Dhabi Red List of Wildlife Species’ launched

The richness and comprehensiveness of ADIHEX is represented through 11 different sectors, including arts and crafts, equestrian, falconry, hunting and safari trips, hunting and camping equipment, hunting weapons, projects to enhance and preserve cultural heritage, outdoor recreational vehicles and equipment, veterinary products and services, Fishing and marine sports equipment, and professional media.

ADIHEX was initiated by the late Sheikh Zayed bin Sultan Al Nahyan, in Abu Dhabi in 2003. It attracted more than 1.5 million visitors throughout its past editions, representing a continuous success story in preserving the environment, sustainable hunting, presenting heritage and enhancing the awareness of youth and younger generations about traditions and the authentic Emirati culture.

The 2019 edition attracted 110,000 visitors from 120 countries.

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Abu Dhabi Arab News UAE News

Gulf Medical University tie-up with Sheikh Shakhbout Medical City

SSMC visit Sept 2022

Gulf Medical University tie-up with Sheikh Shakhbout Medical City, Mayo clinic, Abu Dhabi in Clinical Training and Cancer Research…reports Asian Lite News

Gulf Medical University (GMU) students undergo clinical training in the Sheikh Shakhbout Medical City (SSMC), a premier state-of-the-art tertiary care facility located in Abu Dhabi being run in collaboration with the prestigious Mayo Clinic USA.Consultants at SSMC and faculty of the Mayo clinic supervise training of GMU Students.

Senior Delegates from SSMC visited GMU to strengthen the relationship and collaborate in the areas of Medical Education, Research and Continuous Professional Development activities. Joint research activities in the areas of cancer, public health and clinical resesrch are being planned which aligns with the resesrch direction of UAE.

SSMC visit Sept 2022

We are very impressed by the talent and infrastructure and continue to expand to support research, education and clinical practice. We look forward to having many opportunities for collaboration at multiple levels. Said Abba Chedi Zubair, Dean of Education SSMC.

ROLA K. ALHAYEK, EDUCATION DIRECTOR: “It is impressive to see the GMU & Thumbay University hospital facilities and learn about the Thumbay Research Institute for Precision Medicine and the translational cancer research program, to meet growing challenges facing UAE health care providers dealing with the increase in cancer burden. We aspire to enhance and expand the SSMC Education and Research Shields as it relates to recognized international standards, it is essential that we work together and create synergies with international and existing local institutions”.

ALSO READ: Abu Dhabi to install 700 new radars to enhance road safety

Prof Hossam Hamdy Chancellor of GMU Mentioned that this is an important collaboration which provides excellent  clinical training to our students.  We share the same vision and values of mayo clinic 3 shields patientcare, Education & research. Students from Gulf Medical University will have Unique Clinical Experience. The students also will be exposed to Latest Developments in patient care and interact and be mentored by excellent faculty. We are happy to have such a partner and we hope to take this collaboration to a Higher Level.

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Abu Dhabi Arab News UAE News

Abu Dhabi to install 700 new radars to enhance road safety

IDEMIA, a leading traffic management solutions provider, has been selected by Abu Dhabi Police to implement new and enhanced technology solutions to future-proof the road system in the emirate…reports Asian Lite News

Over 700 traffic enforcement & management solutions IDEMIA’s MESTAfusion technology will be installed across the Emirate of Abu Dhabi, to improve safety, promote respectful behavior on the roads and preserve lives of all pedestrians and drivers. A non-intrusive and powerful combination of the latest technologies, MESTAfusion integrates a multi-target tracking radar and a high-resolution camera performing perfectly over multiple traffic lanes.

Speed Radar Image

In addition, this customized technology equipment, designed together with Abu Dhabi Police and Alliance Traffic Systems will offer added functionalities and weather monitoring to further safeguard all road users. The exterior housing of this new solution is designed and built to be in alignment with the capital city’s urban design needs. MESTAfusion technology enables the management of any complex urban configuration where a combination of all vehicle trajectory is analyzed and processed

This partnership comes in line with Abu Dhabi’s newly introduced road safety vision in October 2020, spearheading the Emirate towards UAE’s National Agenda 2021 goalsi to reduce significantly the road traffic fatalities.

ALSO READ: Dubai police to enhance road safety

Major Muhammad Abdullah Al Zaabi, Head of the Traffic Technical Systems Section at the Security Systems Department, the Information and Communication Systems Center in the Leadership Affairs Sector of the Abu Dhabi Police, stressed the General Command’s interest in raising the public’s sense of security and safety on the roads, and strengthening links and trust between the police and society, by adopting comprehensive strategies, ambitious, innovative initiatives, and provision of distinguished proactive services that enhance the country’s leadership in global competitiveness indicators.

He added: “This initiative comes as part of the Abu Dhabi Police’s efforts to enhance traffic safety for drivers and road users and as part of its strategy to prepare for the next fifty years in order to achieve aspirations in keeping pace with developments and achieving more milestones in the country’s development process in an effort to make the UAE the best country in the world.”

He pointed out that the efforts of Abu Dhabi Police continue in coordination with the Department of Transport and the Abu Dhabi Municipality to improve traffic safety conditions for pedestrians, A

mong the most prominent results achieved in this aspect are the construction of bridges on internal and external roads, the improvement of pedestrian crossings, the provision of surface corridors controlled by light signals, and the closing of gaps in the fences on the roads, which includes the enhancement of public safety.

Al Zaabi pointed out that the cooperation with IDEMIA and the Traffic Systems Alliance will achieve the aspirations of the police leadership in enhancing safety and security for drivers, pedestrians and road users, stressing the prominent role of the two parties as experts in traffic management solutions, in order to facilitate safe movement on the roads.

“We are proud to partner with IDEMIA to deliver this customized solution for the Abu Dhabi Police. Alliance is committed to Abu Dhabi’s urban development and traffic management goals. Our solutions are efficient, reliable and future-oriented,” said Eisa Al Shamlan, Chairman, Alliance Traffic Systems.

RICHARD MIKHAEL, PRE4SIDENT, MIDDLE EAST AND AFRICA: “IDEMIA has been a technology partner to the UAE for decades. We have supported our stakeholders to achieve safer roads and cities through a multitude of technological solutions, tailored to their respective needs. The MESTAfusion technology is a complementary fit with the ambitions of the capital as it progresses towards becoming a world-class habitat where residents live and commute with peace of mind.”

IDEMIA has over 40 years’ experience in providing highly sophisticated road safety solutions to international customers to make the journey of citizens safer and stress-free. IDEMIA offers a variety of traffic law enforcement solutions tailored for clients’ needs. Products are supported by an innovative backend software that can be integrated into existing law enforcement systems with ease.

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-Top News Abu Dhabi Environment and WIldlife

First ever ‘Abu Dhabi Red List of Wildlife Species’ launched

First ever 'Abu Dhabi Red List of Wildlife Species' launched

The Environment Agency – Abu Dhabi (EAD) recently launched the first ever Abu Dhabi Red List of Wildlife Species (AD-RLS), which is an assessment of the threat status of the emirate’s terrestrial and marine species….reports Asian Lite News

A total of 244 species were assessed, including 101 plants, 49 birds, 9 marine species, 32 terrestrial mammals, 25 invertebrates, 26 reptiles and 2 amphibians. Out of the 244 species assessed, 74 are under different threat categories, such as critically endangered, endangered, and vulnerable.

First ever ‘Abu Dhabi Red List of Wildlife Species’ launched

“The Abu Dhabi Red List is a welcome addition to our knowledge on the threat status of species found in Abu Dhabi,” said Dr. Shaikha Salem Al Dhaheri, EAD’s Secretary-General. “The List is based on the internationally recognised Red List Criteria, developed by the International Union for Conservation of Nature (IUCN) and the assessments of threat status have gone through extensive external review from a team of experts from the IUCN, the Red List Authority, and independent experts.”

Ahmed Al Hashmi, Acting Executive Director, Terrestrial and Marine Biodiversity Sector, said, ‘‘The Abu Dhabi Red List of Wildlife Species has been long overdue, and it is an important addition to our understanding of the threats to the species in line with the global standards of IUCN.

First ever ‘Abu Dhabi Red List of Wildlife Species’ launched

“The Abu Dhabi Red List also complements the National Red List development undertaken by the Ministry of Climate Change and Environment and is consistent with the development of such lists at local, national and regional levels.”

ALSO READ: New species of Jurassic era hybodont shark discovered in Jaisalmer

EAD has undertaken some of the most ambitious and successful projects to reintroduce species that were on the brink of extinction such as the Arabian Oryx and Scimitar-horned Oryx, and Abu Dhabi now houses the largest herd of Arabian Oryx in the world.

First ever ‘Abu Dhabi Red List of Wildlife Species’ launched

The Shaikh Zayed Network of 13 terrestrial and six marine protected areas, managed by the Agency, provides protection to some of the most threatened and important terrestrial and marine species and their habitats.

Furthermore, EAD has a plant nursery with a production capacity of nearly 500,000 plants annually and has more than 70 different native plant species propagated to date. These plant species include many rare and threatened species and are used for habitat restoration efforts across the Emirate.

First ever ‘Abu Dhabi Red List of Wildlife Species’ launched

The Agency has successfully rehabilitated important plant species such as the Al Sarh, Ghaf and Samar trees in their natural habitat to ensure that they continue to remain part of the Emirate’s landscape and its cultural heritage.

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Abu Dhabi Arab News Business

The Eggs & Soldiers expand to Abu Dhabi

EGGS & SOLDIERS-PRESS-SOFI CHABOWSKI-2-min

Dubai-born baby, child and natural parenting brand Eggs & Soldiers has unveiled its third, and largest, UAE store – at Abu Dhabi Mall…reports Asian Lite News

The launch comes just four months following the opening of an Eggs & Soldiers outlet in Ras Al Khaimah’s Manar Mall, which joined the original store at Times Square Centre, Dubai back in May. The latest 5,500sq/ft space, now open on Level 1 at Abu Dhabi Mall, completes the family-run business’s measured expansion to service the wider emirates and meet the strong demand for its full spectrum of essential yet eco-conscious and rigorously safety-tested products.

EGGS & SOLDIERS

The new sizable store has taken over three former retail spaces within the capital’s most popular shopping centre, Abu Dhabi Mall, and is sectioned into simple, themed zones: Sleep, Change, Travel, Feed, Play and Mum, guided by the expertly-trained Eggs & Soldiers team.

Despite its growth, the Eggs & Soldiers brand ethos instilled by its founder, lifelong UAE resident and mother of four Sofi Chabowski, when she launched the concept in 2014, is unwavering. “In my experience, modern day parents largely want to use the safest, most ethical and chemical-free items, on and for their children, but not everyone has the time to research and shop around for those things,” explains Sofi.

ALSO READ: A Chance for Abu Dhabi residents to Fly Friends and Family Over to UAE Capital

“The Eggs & Soldiers ethos is simply to offer ‘A More Natural Way’. Organic is trendy, but often equates to a sub-standard product, higher price tags and little more than clever marketing. We’re here to dispel the myths, educate on the advantages, offer choices and provide a portfolio of cherry-picked products that meet the highest criteria I could possibly set: If I wouldn’t use it on my four (very different!) children, you won’t find it at Eggs & Soldiers.”

EGGS & SOLDIERS

Examples of established, well-researched and sustainability-driven brands on board for the new Eggs & Soldiers Abu Dhabi store are open-ended play favourites Grimms, Grapat, Papoose, Wobbel and Plan Toys, plus furniture, natural mattresses and accessories from Stokke, Snüz and The Little Green Sheep. These join Eggs & Soldiers’ long-term customer favourites such as cloth nappy brands Bambino Mio and Little Lamb, baby carriers from Ergobaby, Tula and Close Parent and feeding equipment from Medela, Spectra, Beaba, Blafre and Haakaa, among many more. Customers will also be able to browse, learn about and purchase strollers, car seats and essentials from the world’s safest brands, including Axkid, Bugaboo, Maxi Cosi and Babyzen, completing the Eggs & Soldiers philosophy of providing a ‘one stop shop’ for UAE parents.

EGGS & SOLDIERS

In keeping with all of its UAE outlets, the new Eggs & Soldiers store at Abu Dhabi Mall includes a Community Room, where its expanding network of clients, friends, customers and like-minded community partners can unite for events, workshops, demonstrations and classes – offering support, expert knowledge and honest advice on the endlessly evolving topics of parenting and eco-living.

“Education has always been at the core of Eggs & Soldiers,” explains Sofi. “We regularly dissuade customers from buying the products they come in to purchase from us: explaining why they might not be the right choice for them, and providing enough information for them to make a more informed decision. This is exactly what the Community Room nurtures and develops, and something I hope relays the genuine passion that forms the basis of the brand.”

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Abu Dhabi UAE News UK News

Mohamed bin Zayed and UK Foreign Secretary review accelerating bilateral ties

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and UK Foreign Secretary Liz Truss,

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and UK Foreign Secretary Liz Truss, review the prospects for improving bilateral ties…reports Asian Lite News

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and UK Foreign Secretary Liz Truss, reviewed the prospects of growing cooperation ties between the two friendly nations across all fronts.

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and UK Foreign Secretary Liz Truss,

Sheikh Mohamed, currently on an official visit to the UK, exchanged views with the UK top diplomat, over a number of issues of interest in addition to discussing the latest regional and international developments.

ALSO READ: Mohamed bin Zayed, French President discuss bilateral ties

Attending the meeting were Chairman of Abu Dhabi Airports Company, Mohammed bin Hamad bin Tahnoon Al Nahyan, Dr. Anwar bin Mohammed Gargash, the Diplomatic Advisor to President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and Khaldoon Khalifa Al Mubarak, Chairman of Abu Dhabi Executive Affairs Authority, along with a number of British officials.

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Abu Dhabi UAE News World

Mohamed bin Zayed, French President discuss bilateral ties

Mohamed bin Zayed, French President discuss bilateral ties

The discussion took place during a meeting between President Macron and His Highness Sheikh Mohamed bin Zayed and his delegation at the Palace of Fontainebleau in the French capital, Paris….reports Asian Lite News

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed, with Emmanuel Macron, President of France, the friendship and strategic partnership between the UAE and France, as well as promising opportunities for developing them, in addition to several issues of mutual concern.

Mohamed bin Zayed, French President discuss bilateral ties

The discussion took place during a meeting between President Macron and His Highness Sheikh Mohamed bin Zayed and his delegation at the Palace of Fontainebleau in the French capital, Paris.

Macron welcomed the visit and highlighted his happiness at receiving His Highness Sheikh Mohamed, under the framework of their mutual coordination and consultation regarding bilateral ties and regional issues of mutual interest.

Mohamed bin Zayed, French President discuss bilateral ties

Sheikh Mohamed conveyed the greetings and best wishes of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to President Macron.

ALSO READ: Abu Dhabi Chamber Chief Lauds UAE’s progress

Sheikh Mohamed highlighted his happiness at visiting France, stressing that his consultations and exchanges of views with Macron are ongoing, and that their direct meetings have reinforced their bilateral ties.

During the meeting, Sheikh Mohamed and President Macron discussed the cooperation between the UAE and France in the areas of investment, the economy and culture, as well as other vital sectors, to drive sustainable development in both countries.

Mohamed bin Zayed, French President discuss bilateral ties

The meeting addressed the COVID-19 pandemic and the international efforts to mitigate its humanitarian and economic fallout and return to normalcy, as well as several regional and global issues of mutual concern, most notably the current situation in Afghanistan.

Macron expressed France’s appreciation to His Highness Sheikh Mohamed for the UAE’s support in evacuating foreign citizens from Afghanistan.

Mohamed bin Zayed, French President discuss bilateral ties

Both sides then affirmed the importance of achieving security, peace and stability in the region through diplomatic means and constructive dialogue.

The members of the Emirati delegation that accompanied Sheikh Mohamed included H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan; Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Chairman of the Abu Dhabi Airports Company (ADAC); Ali bin Hammad Al Shamsi, Deputy Secretary-General of the Supreme Council for National Security; Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority of Abu Dhabi and Member of the Abu Dhabi Executive Council; Mohamed Mubarak Al Mazrouei, Under-Secretary of the Abu Dhabi Crown Prince’s Court, and Hind Manea Al Otaiba, UAE Ambassador to France.

Mohamed bin Zayed, French President discuss bilateral ties

His Highness Sheikh Mohamed, accompanied by President Macron, toured the palace and its various section and visited the “Imperial Theatre”, which was renamed the “Khalifa bin Zayed Al Nahyan Theatre” as its maintenance cost was covered by President His Highness Sheikh Khalifa.

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Abu Dhabi Events UAE News

Abu Dhabi Chamber Chief Lauds UAE’s progress

UAE flag

Abu Dhabi Chamber Chief appreciates UAE advancing towards a prosperous future in various sectors…reports Asian Lite News

Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber of Commerce and Industry, has said the UAE is steadily advancing towards a prosperous future in various sectors, most notably the economic sectors, in line with its leading international stature, through launching major projects for the next 50 years.

In an interview with the Emirates News Agency (WAM), Al Mheiri stressed the UAE’s hosting of the Expo 2020 Dubai on 1st October, 2021, will showcase many investment opportunities to the owners of small and medium-sized enterprises (SME) and entrepreneurs in the country.

Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber of Commerce and Industry

The UAE’s adoption of necessary preventive measures is the leading and direct reason for its success in maintaining public health and driving the national economy, enabling it to overcome the repercussions of the coronavirus (COVID-19) pandemic and return to normalcy, he added.

Al Mheiri affirmed the Expo 2020 Dubai is an opportunity to connect minds and shape the future amidst widespread global participation, noting it will be an ideal platform for exchanging views, discussing cooperation opportunities and exploring recent innovations.

The event will also provide opportunities for SMEs and entrepreneurs from all sectors, as well as facilitate direct interactions between companies, the private sector and investors, he further added, noting the significant economic gains from the event will be reflected by the strength of the Emirati economy and will help boost its global stature and gain the trust of investors in the country’s investment environment.

ALSO READ: UAE’s first check-out free store opens

The UAE has proven to be an inspiring model of readiness and proactiveness for the world countries in terms of addressing the pandemic, which helped it attract foreign direct investment and support many vital sectors, including tourism, real estate and aviation, as well as encourage talents to move to the country and support its digital economy, in general.

The chamber plans to hold several direct meetings with investors and entrepreneurs from around the world to be their link to companies in Abu Dhabi, and it will have a permanent office at the expo that will provide information about the investment environment and available opportunities in the emirate, Al Mheiri said in conclusion.

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-Top News Abu Dhabi COVID-19

Abu Dhabi maintains top spot in pandemic response

The ranking focused on five main categories, including government efficiency, economic resilience, the efficiency of the quarantine system, healthcare management and vaccination rates….reports Asian Lite News

Abu Dhabi has once again topped the list of the world’s leading cities for their response to the COVID-19 pandemic, according to a London-based analytics consortium, Deep Knowledge Group (DKG).

The Deep Knowledge Group released the report, “Ranking of the Safest Cities during the COVID-19 Pandemic for the Second Quarter of 2021”, which was based on 114 parameters covering key aspects of the COVID-19 response.

The ranking focused on five main categories, including government efficiency, economic resilience, the efficiency of the quarantine system, healthcare management and vaccination rates. The categories were applied to 72 cities and municipalities around the world, where 50 cities with the highest ranks among them were selected and analysed to identify the best practices and the challenges they encounter.

The first version of the report was published in April 2021 and ranked Abu Dhabi as the safest city in the world during the pandemic.

Abu Dhabi topped the ranking due to measures that contributed to enhancing the speed and effectiveness of its response to the pandemic. As a result of these measures, the health and safety of the community were protected, while maintaining an open and competitive economy. Abu Dhabi also maintained its position as a pioneer in scientific research, digital initiatives and technology, and a leading destination for medical tourism.

DKG ranked cities identified as having the most effective response to the pandemic. The cities were assessed on: healthcare management (efficient infrastructure, human competencies and efficient medical personnel, advanced tools, effectiveness of diagnostic systems, number of beds in healthcare facilities and spending on the healthcare sector); efficient health quarantine systems (home quarantine scope and duration, economic support to quarantined people, travel guidelines and restrictions, legal action against home quarantine violators); vaccination rates (availability of the vaccine, vaccination rates per capita and home-vaccination services); government efficiency (monitoring systems, crisis management, trust in government and digital services); and resilience of the economy (incentive packages, exemptions, social support and credit rating).

Abu Dhabi was followed by Singapore, Seoul, Tel Aviv and Dubai.

Within weeks, field hospitals, mass testing centres and screening facilities, including drive-thrus, were established. New initiatives prioritised vulnerable groups, including providing free testing and health checks, distributing millions of free meals, providing health awareness programmes in multiple languages and mental health support.

The Emirate has led research and development, facilitated scientific discoveries to tackle the virus and collaborated in global efforts to find a vaccine, including participating in the world’s first Phase III trials of an inactivated viral vaccine.

Abu Dhabi has played a key role in the UAE’s vaccination campaign, leading to more than 88 percent of the UAE’s population has already received a free vaccine.

ALSO READ: UAE reaffirms support for int’l efforts in Afghanistan

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Abu Dhabi Dubai UAE News

ADX to launch a derivatives market

NASDAQ

Abu Dhabi Securities Exchange (ADX) to Launch Derivatives Market, Leveraging Nasdaq Technology…reports Asian Lite News

Abu Dhabi Securities Exchange (ADX) announced that it has taken a key step towards launching a derivatives market this year by signing an agreement with Nasdaq (Nasdaq: NDAQ) to deliver marketplace technology solutions, including matching, real-time clearing and settlement technology.

ADX is rapidly expanding asset classes and developing new offerings for both regional and international investors. The ADX General Index (ADI) has recently reached 7700 points for the first time, supported by a series of listings and increased participation by international investors. In addition, the index has gained 52% year to date, making it one of the best performing equity indexes in the world.

NASDAQ

The exchange plans to launch single stock futures and index futures in the fourth quarter of this year before expanding to a wider range of derivative products. The initiative will further diversify investment avenues and provide investors with hedging tools for effective risk management. 

The derivatives market will be accompanied by introducing central counterparty clearing (CCP) to promote clearing efficiency, stability and confidence in the market.

H.E. MOHAMMED ALI AL SHORAFA AL HAMMADI, CHAIRMAN, ADX : “ADX is on a journey to significantly enhance liquidity and expand market capitalization through our ‘ADX One’ strategy, which provides a clear road map for further development of a vibrant exchange. By deepening our capital markets and increasing the range of innovative products and services, we are supporting the UAE’s strategy for economic diversification, providing growth companies with favorable access to global capital and allowing investors to participate in the UAE’s ambitions.”

Saeed Hamad Al Dhaheri, Chief Executive Officer of ADX, added: “Our commercial relationship with Nasdaq dates to ADX’s establishment in 2000, and over the last two decades, we have collaborated on a range of initiatives to ensure investors benefit from efficient market infrastructure technology. We are confident that the launch of a derivatives market will be another important milestone, empowering investors on the exchange who wish to implement sophisticated trading strategies. Our strategy is to ensure that investors and issuers derive significant benefits of a sophisticated marketplace by investing further in technology, broadening our offering, and attracting a wider range of institutional investors.”

Lars Ottersgård, Executive Vice President and Head of Nasdaq Market Technology, said: “ADX continues to be an industry leader in innovating and evolving the Middle East’s capital market ecosystem. By leveraging Nasdaq’s robust and flexible technology solutions, ADX can further evolve its endeavors to expand into a leading derivatives marketplace and one of the largest multi-asset marketplaces in the Middle East. We look forward to progressing our technology partnership and supporting ADX in their growth journey.”

ALSO READ: Abu Dhabi on an initiative to empower youth

Nasdaq’s end-to-end market technology powers more than 2,300 companies in 50 countries, spanning the world’s financial industry, including capital markets infrastructure operators, market participants, banks, and regulators.

The ADX One strategy, launched at the start of 2021, aims to bring a broader offering of products and services to market and invest in state-of-the-art infrastructure in partnership with global market leaders. As of August 2021, ADX has 78 companies listed on its main and Second Market.