(MENAFN) The Istanbul Financial Center (IFC) and the Abu Dhabi Global Market (ADGM) have signed a partnership agreement aimed at enhancing Türkiye’s financial competitiveness. The cooperation will bring together key players from the public and private sectors, including banks, asset management firms, and brokerage firms. This initiative is designed to help develop Türkiye’s financial markets, products, and services while integrating them more effectively into international financial and capital markets.

The deal focuses on collaboration in research, development, training, knowledge transfer, and technological advancements. The two financial hubs will work together to foster innovation and improve the overall functionality of financial services, benefiting both countries by strengthening their markets and investment opportunities.

In addition to research and development efforts, the agreement also covers mutual support in organizing a variety of events such as meetings, conferences, seminars, and other promotional and international development initiatives. These events will serve as platforms for knowledge exchange and for promoting the financial services sectors of both nations.

Furthermore, the deal will facilitate the participation of business representatives from both Türkiye and the United Arab Emirates in events hosted by the financial centers in each country. The collaboration aims to boost the capacities of both countries through joint efforts in technical assistance and policy development, which will be mutually beneficial and contribute to the growth of their financial industries.

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