business bites 52 August 2022 www.bahrainthismonth.com Bahrain Bourse (BHB) and Abu Dhabi Securities Exchange (ADX) have announced the launch of the region’s first digital exchange hub – Tabadul. The exchanges commemorated this landmark achievement towards the launch of Tabadul with an official bell ringing ceremony live streamed from BHB and the ADX headquarters. Tabadul was the result of the signed strategic partnership agreement in November 2021 between Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) to implement a cross-border plan in trading and post-trading environments. Based on the mutual market access model, Tabadul will allow investments across Bahrain Bourse and Abu Dhabi and enable investors to trade directly on both exchanges through licensed brokers in both markets. Tabadul will be accessible to all investors whom have registered with eligible local brokers and filled out the requisite KYC documents required by the local exchange in their country of residence. Securities on Tabadul are traded in the respective exchange’s local currency, and in the specified currency of the traded asset for some cases, with no minimum amount required for orders. Investors can trade on on-boarded exchanges during the designated days and trading hours. All investors must follow the respective capital markets official holidays and trading hours to trade securities accordingly. The Region’s First Digital Exchange Hub The telecommunications company, stc Bahrain, celebrated the spirit of Eid by refurnishing the homes of Bahraini families in the Kingdom in partnership with the Royal Humanitarian Foundation. The initiative was part of its ongoing community programme, ‘Fereej’, meaning ‘neighborhood’ in Arabic. As part of the initiative, stc Bahrain joined efforts with the Ministry of Housing to extend financial support in furnishing houses for underprivileged Bahraini women to transform their houses into sustainable and stable living spaces. stc Bahrain furnished 32 homes of less fortunate families, through their living areas or selected spaces. The aim of the initiative was to empower families to celebrate Eid Al-Adha with their families and loved ones in a comfortable and new interior. Chief Government Affairs Officer at stc Bahrain, Shaikh Zayed Al Khalifa, said “Looking into the wellbeing of local families is one of our core areas of focus, and as such, we are committed to support the government’s vision to create a sustainable and stable local community and to develop neighborhoods’ growth and prosperity. We are grateful to work alongside major partners, especially the Royal Humanitarian Foundation.” Investing in the Community Bahrain´s first Business Angels Company, Tenmou, which provides both mentorship and capital to high-potential, innovative Bahraini entrepreneurs from the seed stage, concluded its Investors Awareness Programme. Over two days, 25 Bahraini investors participated in the programme, which was sponsored by CIPE (The Center for International Private Enterprise) as well as the US Department of State under the Middle East Initiative (MEPI) – a partnership which included the Bahrain Businesswomen’s Society (BBWS). During the programme, training was conducted by Alexa Hall - a global expert in finance, project management, cross-functional team leadership and organisational strategy. Ms. Hall has also worked for several of the largest global companies such as Google, Hewlett and others. She covered a broad variety of topics including evaluating companies, feasibility studies, identifying new growth horizons, and exploring investment opportunities and challenges locally, regionally, and globally in light of Industry 4.0. The awareness programme is part of the Tenmou Collaboration Agreement with CIPE (The Center for International Private Enterprise), which the two parties signed in December 2021. Tenmou is currently working to provide support and direction to several Bahraini startups that are expanding and growing through this agreement. SUPPORTING BAHRAINI STARTUPS
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