Abu Dhabi Securities Exchange (ADX) announced it will, for the first time, be hosting the Annual General Assembly for the South Asian Federation of Exchanges (SAFE), on 11 March 2009.
Established to promote the development of securities markets in South Asia, SAFE works towards achieving common, international business standards among its member exchanges. Member exchanges also work together through constructive dialogue, shared resources such as IT and human resource training, and by growing their markets through cross-listings and financial product development.
Globalisation of capital markets requires exchanges to operate according to the highest international standards of transparency and integrity, and ADX adopts best practice arrangements wherever possible. Dialogue with other international exchanges is therefore particularly important said Tom Healy, Chief Executive of ADX.
We are particularly pleased to host SAFE in Abu Dhabi, which has done a great deal to foster international relations regionally and around the World. ADX needs to expand its product offering and one of many subjects we will be discussing with SAFE members is the development of more investment opportunities for Abu Dhabi such as bonds, ETFs and derivatives; we can all learn from each others experiences.
EPF may set up Islamic fund,
The Employees Provident Fund (EPF) has hired consultants to study the possibility of establishing one of the world’s first state-backed pension funds focusing entirely on syariah-compliant investment