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Egyptian Exchange signs MoU with Abu Dhabi
The Egyptian Exchange (EGX) and Abu Dhabi Securities Exchange (ADX) have signed a strategic Memorandum of Understanding to strengthen partnership and develop the financial services industry in Egypt and the UAE. The goal is to attract greater investments and improve market efficiency. The agreement includes studying cross-border trading channels, mutually recognizing brokerage companies, and leveraging financial technology to modernize trading systems, with an emphasis on supporting dual listing and increasing liquidity. This step is part of efforts to enhance the legislative and regulatory environment of the Egyptian market, alongside promoting technical cooperation and capacity building to boost international confidence in both markets.
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