The Abu Dhabi Global Markets and the Casablanca Finance City Authority have entered into a preliminary agreement to:
1. promote the development of financial services between the ADGM, CFCA and other African countries;
2. strengthen ties between the ADGM and CFCA;
3. explore cross-border initiatives to facilitate knowledge sharing and accelerate the development of the financial services sector; and
4. foster best practice and knowledge in the areas of green finance, Islamic finance and financial technologies.
Mr Said Ibrahimi, chief executive of CFCA, said the partnership "will play an instrumental role" in fostering business ties between the UAE, Morocco and Africa.