The Abu Dhabi Securities Exchange (ADX) has recognized students from the Higher Colleges of Technology (HCT) for their innovative financial markets research at the Sheikh Zayed Festival.
Three students named winners of the competition for research projects at the Zayed Center of Excellence for Financial Research. The competition saw participation from Business students across the 16 HCT campuses. The first place winner was student Alyaa Al Remeithi from Abu Dhabi Women’s campus for her research paper “SMEs Risk Assessment”. Second place went to student Noora Al Madani from Dubai Women’s campus for her research “The comparative analysis of performance of the cryptocurrencies”. In third place was student Amna Alameri from Abu Dhabi Women’s campus for her research “Impact of International Financial Reporting Standards (IFRS) on Volatility of Abu Dhabi Securities Exchange (ADX)”.
ADX has worked closely with students and teachers at HCT, the UAE’s largest applied higher educational institution, since 2016. The two organizations aim to enhance financial literacy across the region through a range of initiatives from stock exchange competitions and simulations, to research grants, market seminars and workshops.
Through this partnership ADX has supported HCT students to develop research on the UAE’s financial markets. To qualify for an ADX industry grant, applicants must successfully publish research that enhances local market data for investors.
Six research projects reached the semi-final stage of the competition, and the top three projects were selected according to specific academic criteria set by a joint evaluation committee between ADX and HCT.
From his part, H.E. Dr. Abdullatif Al Shamsi, HCT President & CEO, said: “The HCT is keen on partnerships that contribute to developing and enhancing students’ skills and capabilities, especially in vital fields such as the financial sector, which has witnessed constant and rapid growth in keeping pace with technological development.”
He added that cooperation with ADX would help keep students closely informed of the financial sector’s progress, services, and understanding of its works. Students will get training in virtual trading and learn about the challenges the industry faces, thus empowering them to develop innovative ideas and solutions to these challenges.Dr. Al Shamsi also praised ADXfor encouraging students to learn about the financial sector, congratulating them for their outstanding achievement, reflecting their knowledge and research capabilities.
Commenting on the award winners, Mr. Saeed Hamad Al Dhaheri, Chief Executive of Abu Dhabi Securities Exchange said: “We are impressed to see such innovative financial markets research presented today as part of our partnership with the UAE’s Higher Colleges of Technology. Working with educational institutions to strengthen market transparency and promote financial literacy is a critical component of our strategy to promote capital market education in the UAE, increase interest in investing and boost rates of financial literacy.”
ADX has partnered with a range of education institutions across the UAE since 2011to promote financial literacy through a range of lectures and events, virtual competitions and simulations, and by building trading halls and other supportive infrastructure within universities themselves.
