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An MOU signed with the Shanghai Stock Exchange (SSE) announced yesterday is seen as a major move which will promote further co-operation between the two aggressively expanding bourses.
The agreement will also see ADX and SSE working closely together in terms of information sharing and product development. The agreement is seen as a consequence of China’s strong ties with the UAE in general and Abu Dhabi in particular.
In April, last year, a high-profile delegation from The Department of Planning and Economy (DPE) visited China to identify areas of cooperation in the field of economy and business.
In November, a high-level Chinese delegation toured Abu Dhabi to review growing economic relations with the UAE that saw non-oil trade growing by 44 per cent to $20 billion, in 2007, making the UAE China’s second-biggest trading partner in the GCC.
haseebhaider@khaleejtimes.com
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