The Union of Arab Securities Authorities approved its 20th annual report, setting out the main 2025 activities of member authorities and the Union’s 2026 work plan. The report focuses on implementation of the 2021–2025 strategic plan and presents a program of regulatory, market-development and cooperation measures aimed at strengthening Arab capital markets, including work on oversight, enforcement, financial technology, financial inclusion and investor awareness. The report says Union working groups finalized and published specialized guidance and studies, including guiding rules for the issuance and listing of Islamic sukuk in Arab capital markets, a study on Arab financial services companies’ interaction with foreign exchanges, and a study on cooperation in financial technology, cybersecurity risks and environmental, social and governance matters. It also points to proposals to facilitate Know Your Customer requirements and deepen cybersecurity cooperation, the largest training program rollout since the Union’s establishment, and upgrades to the Union’s website, member collaboration platform and investor education portal. On market conditions, the report says global market capitalization rose 19.9% in 2025 to about USD 149.5 trillion, while total Arab market capitalization fell 4.2% to about USD 4.2 trillion, although the Arab Monetary Fund’s composite index of listed share prices increased 5.6% to 531.5 points.