Latest news with #AstanaInternationalExchange
Zawya
03-07-2025
- Business
- Zawya
EDB raises $54mln from UAE markets to fund projects in Central Asia
The Eurasian Development Bank (EDB), a development finance institution based in Kazakhstan, has raised 200 million UAE dirhams ($54 million) from the UAE capital market to fund investment projects in Central Asia. The funds were raised through a private placement of a dirham-denominated bond in the UAE capital market, which was arranged by Abu Dhabi Securities Exchange (ADX)-listed First Abu Dhabi Bank (FAB) in partnership with Abu Dhabi Fund for Development (ADFD), according to a press statement. The bond issuance supports the EDB's objective of building regional infrastructure, trade, and industrial projects by promoting the use of local currency in cross-border transactions. In April 2025, the EDB successfully listed its debut AED-denominated bonds on the Astana International Exchange. No details were given on projects to be funded. EDB's cumulative portfolio comprises 305 projects with a total investment of $16.5 billion by 2025. Its project portfolio consists of transport infrastructure, green energy, agriculture, manufacturing and mechanical engineering. (Writing by P Deol; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
Hi Dubai
08-05-2025
- Business
- Hi Dubai
Nasdaq Dubai and AIX CSD Launch Direct Link to Boost Cross-Border Trading
Nasdaq Dubai and Astana International Exchange's Central Securities Depository (AIX CSD) have launched a direct link between their markets, in a move aimed at boosting cross-border investment and streamlining the trading of dual-listed securities. The announcement was made at the Capital Market Summit 2025, hosted by Dubai Financial Market. The new CSD link allows investors to hold and trade dual-listed securities seamlessly across both the UAE and Kazakhstan. It marks a major step in enhancing post-trade infrastructure and improving market accessibility between the two regions. As part of a memorandum of understanding, Nasdaq Dubai and AIX CSD will collaborate to enable smoother settlement and increased fungibility of cross-listed shares. This infrastructure will allow market participants to transfer and settle securities efficiently within either depository, supporting greater liquidity and operational efficiency. Hamed Ali, CEO of Nasdaq Dubai and DFM, called the partnership 'a significant advancement' in regional capital markets integration. He emphasized that the initiative enhances Dubai's position as a global financial hub and opens new avenues for capital raising and investor participation. Assel Mukazhanova, CEO of AIX, noted that the link is 'issuer and investor driven,' underscoring the growing demand for deeper connectivity between the GCC and Central Asian markets. The partnership reflects a broader push to align regional exchanges with global standards while encouraging more cross-border listings and investment flows. By strengthening economic ties and modernizing infrastructure, both markets aim to position themselves as strategic gateways for international capital. This initiative represents a critical milestone in financial cooperation between the UAE and Kazakhstan, setting the stage for increased market integration and long-term growth in regional capital markets. News Source: Emirates News Agency
