ADX takes part in third Istanbul Finance summit
- United Arab Emirates: Tuesday, September 25 - 2012 at 16:21
- PRESS RELEASE
Continuing its endeavor of promoting the Abu Dhabi Securities Exchange 'ADX' as the market of choice in the region, ADX took part in the third Istanbul Finance Summit held in the city of Istanbul on the 24th - 25th of September.
Mr. Al Baloushi also said, "During this summit, we can highlight the major investment projects in Abu Dhabi in light of the government's venture to attract more capital into the emirate."
Mr. Rashed Al Baloushi, CEO of ADX, one of the chief speakers at the summit, spoke about Capital Markets, Risks and Opportunities revealing that the UAE has the highest issued bonds and Sukuk for the first half of 2012 with $8.5bn. Mr. Al Baloushi recapped by saying that Bonds are a good alternative for the exchanges.
ADX CEO added, "We at ADX believe that our participation in such summits is essential in helping to maximize the opportunities both for ADX and financial players in the emirate in areas such as knowledge sharing, collaboration and assistance in meeting present as well as future challenges in the financial industry."
Based on an Earnest and Young study, the demand on Sukuk is expected to reach $ 900bn in 2017 while less than $100 of Sukuk has been issued to date.
The summit was attended by some of the most important figures in the global financial world from North America, Europe, the Gulf Region and East Asia.
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