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Source: Thomson Reuters.   Last updated on Nov 21, 2017 at 00:41AM (UTC).   Delayed by at least 15 minutes.
Abu Dhabi Securities Exchange Signs a Memorandum of Understanding with Al Ain University of Science and Technology
Nov 23, 2016
Abu Dhabi Securities Exchange (ADX) signed a memorandum of understanding (MoU) with Al-Ain University of Science and Technology (AAU). The MoU forms part of ADX's commitment to support educational initiatives and to encourage and promote professional investment skills across the UAE, to the very highest international standards.
 
The MoU was signed by ADX Chief Executive, Rashed Al Blooshi and the chancellor of Al Ain University of Science and Technology Dr. Noor El Deen Atatreh in the presence of senior representatives from both parties.
 
Under the terms of the agreement, ADX will conduct seminars for AAU students on the procedures and methods of trading in the domestic market, as well as provide historical trading records and financial data to be utilized in classes at AAU.
 
“The MoU reflects our desire to interact with educational institutions in UAE in an effort to spread awareness about the working of the financial markets, including reaching out to university students,” said Al Blooshi.
 
ADX Chief Executive added: “ADX is committed towards working with the academic community in the UAE to provide the highest levels of support to research activities throughout various educational sectors. Universities are responsible for remarkable growth in the amount and type of research that contributes to the advancement of the UAE."
 
On his part, Dr. Nooraldeen Atatreh, Chancellor of Al Ain University of Science and Technology stated that, this MOU between Al Ain University of Science and Technology and Abu Dhabi Securities Exchange would achieve a productive cooperation in the community engagement fields between the two parties, raising the effectiveness of academic education and linking it to the labor market qualifications, stressing on the importance of activating the role of educational institutions in enriching the labor market with efficient national competencies.
Atatreh added: This is one of the most important MOU’s signed by the university which aims to support the educational process to benefit the students and the academic staff of the Al Ain University of Science and Technology, in order to achieve the role played by the Abu Dhabi Securities Exchange to raise the financial services levels and emphasizing the importance of combining it with the academic life.
 
Through the MoU, ADX will provide a virtual trading platform (Stock Game) to the students of AAU. This educational initiative is part of ADX’s aim to develop financial/investment awareness culture among students as the Stock Game acts as a model for practicing real trading in ADX, particularly for students of business majors
 
The Stock Game simulates actual stock markets, which was designed to train potential investors on trading and its operations. The game improves the student’s ability to invest in the market and provides them with the ability to gain experience before the actual trading.
 
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