The United Arab Emirates Financial Markets Association (United Arab Emirates FMA) has signed a cooperation agreement with the International Capital Market Association (ICMA) to increase the cooperation and mutual membership, as well as expertise and information on regulatory advances and international best practices in the financial markets industry.
Under the newly signed agreement, both parties will coordinate their efforts to design educational training programs, prepare analytical reports for financial markets, study advanced data and explore opportunities to develop automated business technology. They will also collaborate on effective business practices, settlement and settlement practices, and work together to share their expertise and experience, and the ICMA explains on the other hand in its global financial market experience.
Expressing his happiness through a trusted partnership, Al Hashemi emphasized that the agreement was aimed at expanding the network of influential strategic partners with extensive experience in the global financial markets, and that it would help members of the association gain new experience, and provide them with the skills and knowledge to do business in the global financial markets.
Al Hashemi said that the agreement would be positively reflected in the provision of local investment opportunities and attracting foreign capital for the key role of the association in providing a complete and integrated view of capital markets in the GCC countries, thus expanding its operations to cross-border markets and expanding its work beyond local markets.
Bryan Pascoe, on the other hand, underscores that the United Arab Emirates is the best places for capital to invest in its various sectors, especially financial markets, which now provide a safe haven for all types of investments, a testament to the growing growth in various sectors.
Meanwhile, the United Arab Emirates FMA held on Wednesday in the presence of the International Capital Markets Association titled “Dynamics and Advances in International Repo Markets – One Lens in Central East and North Africa”.
The conference included a series of interactive team discussions with stakeholders in the local market, discussing the repo and guarantee opportunities and challenges in the global financial market and related opportunities in the Middle East and North Africa region. The conference also found topics such as market practice and regulatory policy, automation, digitalization and legal technology in the financial market.