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Abu Dhabi, Kazakhstan Financial Centers Deepen Ties

by Lorys Charalambous, Lowtax.net, Cyprus
17 January, 2017

Abu Dhabi Global Market, the international financial center in the capital of the United Arab Emirates (UAE), has signed a Memorandum of Understanding (MoU) with Astana International Financial Center in Kazakhstan.

The MoU was signed by the CEO's of the respective financial centers during an official visit by Kazakhstan's President Nursultan Nazarbayev to the UAE.

The MoU establishes a partnership framework for the exchange of views and expertise in the fields of banking, financial services, and securities regulation. As part of this agreement, the financial centers will also explore joint activities and training initiatives to develop their human capital capabilities and foster greater growth in both financial markets.

Astana International Financial Center was established in 2015 with English as its official language and a common law framework. Its objectives include attracting investment through the establishment of an attractive environment for financial services.

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