The Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) launched the Tabadul Exchange Hub, the GCC's first digital exchange hub, aimed at boosting market and economic relations between the two countries.
Tabadul, which highlights the importance of cross-border trade, will allow investors in Abu Dhabi and Bahrain to trade directly with each other through licensed brokers, as well as enable investments between the two nations, the ADX said in a statement on Wednesday.
On a larger scale, the partnership will help increase the bourses' liquidity and efficiency, and drive sustainable growth, Saeed Al Dhaheri, managing director and chief executive of the ADX, said.
“Broadening regional partnerships is a core element of ADX One strategy. The launch of Tabadul is a testament to our commitment to the strategy and to being the market of choice for issuers and investors,” he said.
“Tabadul will strengthen ties between regional exchanges and expand investment opportunities for investors. We look forward to working closely with our partners Bahrain Bourse to further enhance our offering and on-board more capital markets to the hub, enabling the growth of capital markets in the region and supporting the diversification of GCC economies.”
The ADX, the Arab world's second-biggest exchange, has around 20,000 registered Bahraini investors with a total trading value of Dh1.3 billion ($353 million) and volume of 320 million shares in 2021. Tabadul's launch is expected to increase trading activity.
Tabadul, which was formed after a partnership agreement was signed by the ADX and BHB in November, is open to investors who have registered with eligible local brokers and fulfilled documents required by the local exchange in their country of residence.
Securities on Tabadul are traded in the respective exchange’s local currency, and in the specified currency of the traded asset for some cases, with no minimum amount required for orders.
Investors can trade on on-boarded exchanges during designated days and trading hours, according to the statement.
“Capital markets play a vital role in accelerating the development of the economy … we are keen to enhance the investment environment in both countries by exploring new ways of cooperation within the capital market ecosystem to further support the local economy,” said Sheikh Salman bin Khalifa, Bahrain's Minister of Finance and National Economy.
Tabadul will also contribute to Abu Dhabi's economic growth strategy by boosting its financial services sector and accelerating diversification, which in turn will help spur more interest from global investors, said ADX chairman Hisham Malak.
“The launch of Tabadul reflects on the emirate’s commitment to have closer economic ties with nations in the region and enhance market liquidity. It is a step forward in enhancing cooperation between [the] UAE and Bahrain, and will further bring economic prosperity to both nations,” he said.
The ADX and BHB worked together for eight months to help shape and launch Tabadul, which is in line with a Financial Services Sector Development Strategy of the Economic Recovery Plan that prioritises capital market development, said Sheikh Khalifa bin Ebrahim, chief executive of BHB.
“The launch of Tabadul is a milestone achievement within the regional capital markets. Tabadul will be mutually beneficial to both capital markets, supporting the continued sustained growth in both markets by expanding the respective investor bases, and serving to meet the broadened horizons of investors.”
The ADX, with a market capitalisation of about Dh2 trillion, is home to some of the biggest names in the corporate world, including International Holding Company and its subsidiary Alpha Dhabi Holding, Abu Dhabi National Oil Company, First Abu Dhabi Bank, property developer Aldar and telecoms company e& (formerly known as Etisalat).
Malcolm & Marie
Directed by: Sam Levinson
Starring: John David Washington and Zendaya
Three stars
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Everybody%20Loves%20Touda
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Nabil%20Ayouch%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nisrin%20Erradi%2C%20Joud%20Chamihy%2C%20Jalila%20Talemsi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
UAE currency: the story behind the money in your pockets
The Bio
Favourite place in UAE: Al Rams pearling village
What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft
Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans
Best time to swim in the sea: When there is enough light to see beneath the surface
Monday's results
- UAE beat Bahrain by 51 runs
- Qatar beat Maldives by 44 runs
- Saudi Arabia beat Kuwait by seven wickets
The five stages of early child’s play
From Dubai-based clinical psychologist Daniella Salazar:
1. Solitary Play: This is where Infants and toddlers start to play on their own without seeming to notice the people around them. This is the beginning of play.
2. Onlooker play: This occurs where the toddler enjoys watching other people play. There doesn’t necessarily need to be any effort to begin play. They are learning how to imitate behaviours from others. This type of play may also appear in children who are more shy and introverted.
3. Parallel Play: This generally starts when children begin playing side-by-side without any interaction. Even though they aren’t physically interacting they are paying attention to each other. This is the beginning of the desire to be with other children.
4. Associative Play: At around age four or five, children become more interested in each other than in toys and begin to interact more. In this stage children start asking questions and talking about the different activities they are engaging in. They realise they have similar goals in play such as building a tower or playing with cars.
5. Social Play: In this stage children are starting to socialise more. They begin to share ideas and follow certain rules in a game. They slowly learn the definition of teamwork. They get to engage in basic social skills and interests begin to lead social interactions.
Global state-owned investor ranking by size
|
1.
|
United States
|
|
2.
|
China
|
|
3.
|
UAE
|
|
4.
|
Japan
|
|
5
|
Norway
|
|
6.
|
Canada
|
|
7.
|
Singapore
|
|
8.
|
Australia
|
|
9.
|
Saudi Arabia
|
|
10.
|
South Korea
|
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
Global Fungi Facts
• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
