The capital market regulators of Malaysia and the United Arab Emirates on Tuesday signed an agreement aimed at developing financial services professionals and increasing job mobility for workers in their respective markets.

Malaysia's Securities Commision (SC) and the Securities and Commodities Authority of the UAE signed a memorandum of understanding that covers human capital development and research, a press release by the SC said.

The tie-up, signed during the World Islamic Economic Forum in Dubai, is part of Malaysia's efforts to market its Islamic finance sector to a global audience by facilitating more cross-border opportunities, it added.