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Abu Dhabi Securities Exchange CEO Partakes in International Forum in Italy
Nov 15, 2014
Abu Dhabi Securities Exchange (ADX) Chief Executive, Mr. Rashed Al Balooshi, participated in an international meeting held in Sorrento, Italy from the 7th to 8th  of November.  The event, organized by The Observatory on Economics and Finance (OBI), was held under the theme“European Mezzogiorno and Mediterranean, Sustainable transitions and inverted visions”. 
 
The event serves the purpose of monitoring the development processes and identifying new growth models intended for the involved areas main themes and the current matters analyzed from the point of view of Economy, Finance and Productivity with consideration to the widest contest of the global market relations.

ADX CEO was a guest speaker at this global assembly of economists, entrepreneurs, institutional and finance representatives, coming from different parts of the world. In his speech, Mr. Al Balooshi addressed the subject of “the Development of an Economic Common Space and Developments in the UAE and Abu Dhabi Economy“. 

Speaking on the development of common economic space, ADX Chief Executive said: “Globalization created new economical and productive balances by accelerating goods and capital mobility.    I believe we need to work hard on global level on identifying institutional, economic and financial opportunities in order to detect new models based on common goals shared by our countries and share possible solutions in line with our respective economical and social rules.”
 
Al Balooshi went on speak about the UAE’s economic development saying: “In the UAE we have an economic vision, 2021, that aims to make the UAE among the best countries in the world by the Golden Jubilee of the Union through which we aim to transition to a knowledge-based economy, promoting innovation, research and development, strengthening the regulatory framework for key sectors, and encouraging high value-adding sectors.”
Al Balooshi also highlighted Abu Dhabi Government Economic Vision 2030 commitment to sustainable development saying:” By 2030 Abu Dhabi intends to build a sustainable and diversified, high value-added economy that is well integrated into the global economy and that provides more accessible and higher-value opportunities for all its citizens and residents. A sustainable economy will be built primarily through diversification, which is proven to reduce the volatility of economic growth.”    

It is worthy to note that the meeting received very positive feedback, thanks to its topical contents and the participation of national and international speakers; it was a successful media event and it was broadcast by Italian television (particularly TG1 Economia), newscast, newspapers, and magazines on a national and international level.

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