NYSE: Partnership with Abu Dhabi Market Supports Us Regionally
UAE strengthens its position as a key player in the global financial arena
John Tuttle: The UAE's commitment to developing its financial infrastructure and attracting foreign investment makes it an important market in the region.
John Tuttle, Vice Chairman of the New York Stock Exchange and Chairman of the New York Stock Exchange Institute, said that the UAE has strengthened its position as a major player in the global financial arena through economic projects and initiatives, making it an ideal partner for the New York Stock Exchange in exploring new markets.
In statements to the Emirates News Agency (WAM), Tatl said that the capital markets in the UAE have great potential and flexibility, with their continuous commitment to innovation and development, which is reflected in the large number of economic projects and initiatives.
He added that the UAE's commitment to developing its financial infrastructure and attracting foreign investments makes it an important market in the MENA region, which prompted us to sign a memorandum of understanding to cooperate with the Abu Dhabi Securities Exchange in a number of key activities, stressing that this partnership is the best evidence of what we see in this region of potential and growth.
The Vice Chairman of the New York Stock Exchange continued: "My first visit to the UAE was a real surprise, as I saw the magnitude of the potential that exists in the region, and the extent of the development of the financial sector."
"Of course, at the New York Stock Exchange we are always looking to expand our business globally and explore new opportunities for strategic partnerships, so our partnership with the Abu Dhabi Securities Exchange strengthens our presence in the region and represents a strategic opportunity to connect two fast-growing financial markets," he said. He pointed out that this cooperation is an important opportunity to build a bridge between East and West, which will benefit investors and exporters in the two regions. "We are confident that this partnership will significantly enhance connectivity between global markets and provide international investors in the United States with access to high-performing markets and companies in the Gulf region and beyond as well," he said.