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ALMATY – Kazakh investors will gain direct access to stock markets across six Middle Eastern countries following the opening of a new custody account by the Central Securities Depository (KCSD) with First Abu Dhabi Bank (FAB), one of the region’s major financial institutions.
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The move, announced on April 30, marks a significant step toward integrating Kazakhstan’s financial infrastructure with markets in the Middle East, including the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Bahrain and Egypt, reported the organization’s press service.
Direct market access replaces...
