Abu Dhabi University & Abu Dhabi Securities Exchange launches “Stock Market Competition 2014”
Abu Dhabi University’s College of Business Administration has partnered with Abu Dhabi Securities Exchange (ADX) to launch the first “ADU’s Stock Market Competition 2014” from 15th of April to 22nd of May. Titled “How would you invest AED 100,000?”, the competition targets undergraduate business administration students from universities across the UAE, giving them the opportunity to implement innovative investment strategies and trade AED 100,000 virtual cash in ADX’s online Stock Market Game. The top 5 teams with highest investment returns and unique strategies will be invited to Abu Dhabi University’s campus to present their strategies to a panel of expert judges who will chose the 3 winning teams of the competition.
Commenting on the distinctiveness of the competition, Dr. Nabil Ibrahim, Chancellor of Abu Dhabi University explained that its importance is reflected in the opportunity it offers business students from all over the United Arab Emirates to apply trade and investment theories they learn in their classrooms on a virtual trading platform developed by ADX. “The Stock Market Game enables students to make that vital connection between theory and practice in an innovative educational context that inspires their creativity in developing and applying investment strategies. The competition is part of the ongoing partnership between Abu Dhabi University and Abu Dhabi Securities Exchanges that aims to enhance cooperation between both parties in institutional development, training and research as well as curriculum development and the advancement of investment awareness among the younger generation”, concluded Dr. Ibrahim.
On his part Rashed Al Blooshi, Chief Executive of ADX, said: “It is a pleasure to launch this competition with Abu Dhabi University as it enjoys an exceptional reputation in the region and we are very keen to collaborate with them on a number of areas of common interest. We are also sure that this collaboration will contribute to constructive cooperation in promoting relations between our two institutions. Not only for the purpose of creating and developing relationships that are mutually beneficial, but also for the positive impact such partnerships entail on the general good of the community and on the students of the financial and economic disciplines in particular. The cooperation between ADX and Abu Dhabi University in particular, and ADX and universities and academic institutes in general reflects the commitment of the Abu Dhabi Securities Exchange to support educational initiatives and our commitment to encourage and promote professional skills of students in all parts of the United Arab Emirates towards achieving investment literacy and attaining potential careers in the investment world. I sincerely believe that this cooperation will have a real value for both Abu Dhabi University and Abu Dhabi Securities Exchange,” said Al Blooshi.
He added: “This cooperation is part of ADX commitment to support educational initiatives as directed in Abu Dhabi 2030 Vision, it is also to encourage and promote initiatives on the academic side of knowledge for students in all parts of the UAE through engaging them in scientific competitions with an innovative aspect that supports, and improves, their mental powers and enhances the level of their educational attainment” .
Basant Mohamed Teaching Assistant at ADU’s College of Business Administration pointed out that business student can participate in this unique nation-wide by forming teams comprising of 2 to 5 members and registering on the Abu Dhabi Securities Exchange website from the 15th to 21st of April. “The competition’s trade simulation will start on April 22nd to May 22nd, after which the top 5 teams with the highest investment returns and most innovative investment strategies will be chosen to present to a panel of expert judges at a closing ceremony held on Abu Dhabi University’s campus to announce the 3 winning teams”, added Mohamed.
For more information about the competition: http://www.adu.ac.ae/competition.html