Abu Dhabi’s ADX securities market signed a memorandum of understanding with Israel‘s Tel Aviv Stock Exchange to foster cooperation between the two exchanges, the Abu Dhabi government media office said Wednesday on social media.
The U.S.-brokered formalization of ties between the United Arab Emirates and Israel on Sept. 15 has paved the way to commercial deals in various fields.
Wednesday’s MOU “lay(s) out a road map towards developing bilateral relations through the stimulation of economic growth and the promotion of technological innovation,” the TASE said in a statement.
It predicted a cross-listing of securities, mutual trading and introduction of investors by each exchange’s respective members and data-sharing.