Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Borse Dubai International Investor Conference launches in New York  Join our daily free Newsletter

MENAFN Press - 03/11/2009

No. of Ratings : 0
Add to Mixx!


 


(MENAFN Press) The Borse Dubai International Investor Conference New York 2009 has opened, co-hosted by Dubai Financial Market (DFM) and NASDAQ Dubai in cooperation with Citigroup Global Markets and Goldman Sachs. Dozens of meetings are taking place between listed companies on the two exchanges and international investors.

Essa Kazim, Chairman, Borse Dubai Limited and Executive Chairman, DFM and Jeff Singer, Chief Executive, NASDAQ Dubai, are taking part alongside a distinguished line-up of senior executives representing 15 listed companies, who are updating New York-based fund managers and other investors on their companies recent successes and prospects. A considerable number of New York -based institutional investors and fund managers are attending the November 2-3 conference.

Commenting on this important event Mr. Kazim said: New York-based international investors have shown great interest in meeting Dubai listed companies, which reflects the huge appetite towards our companies. The two exchanges of Dubai are offering international investors a unique opportunity to benefit from the expanding regional economy through a diversified list of companies representing key business sectors, in addition to many incentives such as the absence of income and capital gains tax , the unrestricted repatriation of capital and the minimal exchange rate risk.

Financial markets in Dubai have attracted growing interest from international fund managers. Recently, FTSE, the leading index provider, announced the promotion of the UAE market to a secondary emerging market from September 2010. Furthermore, the UAE status will be reviewed by MSCI with the possibility of a promotion from frontier market to emerging market in 2010, which acknowledges the positive developments that have already taken place in our markets. Undoubtedly, the increased presence of international investments in our markets, especially from institutional investors with a solid track record of long-term, stable investments will help consolidate our global market position. Currently, foreign investors represent over a third of trading value at DFM, Mr. Kazim added.

Jeff Singer, Chief Executive of NASDAQ Dubai, said: This conference is an excellent opportunity to provide US-based investors with information about a wealthy region which welcomes foreign investors in many of its companies. NASDAQ Dubai has created an investment environment in the Middle East that is similar to other international exchanges around the world in centres such as New York and London. This includes first class regulation, easy access for investors through most of the worlds leading investment banks, and familiar trading rules.

The event has received a positive response from the listed companies. Mohammed Sharaf, Chief Executive Officer, DP World said: "DP World is delighted to be part of the group of Dubai companies meeting investors in the US. We are very focused on building relationships with the international investment community and believe this roadshow will provide an excellent opportunity for investors to meet all those companies that are integral to the past, present and future growth of Dubai".

Zeina Tabari, Chief Corporate Affairs Officer, Drake and Scull International said:The Dubai Financial Market is being very proactive in its approach to bringing more investment into the region. There are still many opportunities for growth in the GCC, which we want to showcase. Our company continues its growth and the GCC in general is still one of the fastest growing regions in terms of development, business and population. All of this, combined with the vast oil wealth, provides an abundance of investment and growth opportunities.

In response to the high level of demand, DFM and NASDAQ Dubai will replicate this successful event across other financial centers in the near future. The conference is the latest of DFMs annual series of international roadshows that have taken its listed companies to leading financial centers such as London and New York. NASDAQ Dubai, the regions international exchange, is taking part for the first time. Both exchanges are majority-owned by Borse Dubai; NASDAQ Dubai is one-third owned by NASDAQ OMX.

The listed companies taking part in the roadshow are: Air Arabia, Aramex, Depa, Dubai Islamic Bank, Dubai Financial Market Company, Emaar, Emirates NBD, DP World, Drake and Scull International, Hikma Pharmaceuticals, IFA, Mazaya Holding, NetSol, Arabtec and SHUAA Capital.


About Dubai Financial Market
Dubai Financial Market (DFM) was established as a public institution having its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited.

 






  MENA News Headlines
Apr 23 2014Omantel launches service package for youth ,MENAFN
(MENAFN) Omantel announced launching 'Ozone' plan, a new package designed especially for the youth. This comes with the company"s constant efforts to enhance the communication needs of its customers, ...

Apr 23 2014Dh154 billion for Arabtec projects ,Khaleej Times
(MENAFN - Khaleej Times) Arabtec will spend dh140 billion on building one million low-cost houses in egypt and dh14 billion on five mixed-use residential projects in abu dhabi and dubai its chief ...

Apr 23 2014?Titli? makers excited about Cannes selection ,Khaleej Times
(MENAFN - Khaleej Times) The movie about the badlands of delhi?s dystopic underbelly will be in competition as part of the un certain regard section of the 67th cannes film gala to be held may ...

Apr 23 2014Saudi- Yaroub Bashraheel: In search of peace ... underwater ,Arab News
(MENAFN - Arab News) You've heard of diving snorkeling and other water activities but rarely has anyone heard of free-diving. it's a form of diving underwater without the aid of any breathing ...

Apr 23 2014Saudi- Schneider highlights intelligent health care solutions at forum ,Arab News
(MENAFN - Arab News) Schneider electric a global specialist in energy management is set to showcase its leadership in intelligent health care solutions at the second saudi forum for planning and ...

Apr 23 2014Saudi- Divorcees can seek housing ,Arab News
(MENAFN - Arab News) The kingdom will accept applications from saudi divorced women and widows for financial and housing support said justice minister muhammad al-issa.al-issa called on applicants ...

Apr 23 2014Saudi Savola Group revenue up 43 pct in Q1 ,MENAFN
(MENAFN) Saudi Arabia's Savola Group registered a 43 percent increase in profits in the first quarter, well over expectations of analysts, Arabian Business reported. According to a statement to ...

Apr 23 2014Tamouh steps up activity on projects ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real-estate developer tamouh has scaled up construction activity on all of its announced reem island projects to meet the rising demand for prime spaces in ...

Apr 23 2014Here?s your chance to share screen space with SRK ,Khaleej Times
(MENAFN - Khaleej Times) Groupon india has joined hands with srk?s red chillies entertainment to give fans a chance to feature with the superstar in his upcoming film ?happy new year?. if you ...

Apr 23 2014Saudi- New passport office opens at Red Sea Mall ,Arab News
(MENAFN - Arab News) The passport department has opened a new office for citizens and residents at the red sea mall.gen. abdul rahman bin abdullah al-tuwairki deputy director general of the ...

Apr 23 2014Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014Dewa and GE explore collaboration opportunities ,Khaleej Times
(MENAFN - Khaleej Times) Saeed mohammed al tayer managing director and chief executive officer of the dubai electricity and water authority (dewa) recently received a ge delegation to explore ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014Saudi- Noha Al-Sharif — an expert in Islamic sculpture ,Arab News
(MENAFN - Arab News) Saudi sculptress noha al-sharif is known for her islamic inspired sculptures that reflect both religion and lifestyle. the concept of modern art attracted her to this medium ...

Apr 23 2014Saudi- ASUS showcases product series at Aramco Week ,Arab News
(MENAFN - Arab News) Asus described as the world's renowned consumer notebook vendor and producer of the 'world's best-selling motherboards" recently participated in aramco week and showcased a ...

Apr 23 2014Kowait- New hospital to be ready by 2014 end ,Arab Times
(MENAFN - Arab Times) Kuwait city jan 14 (kuna): director of the 'mega projects 3' group at kuwait oil company (koc) yaqoub dashti said on tuesday that the new ahmadi hospital would be ready to ...

Apr 23 2014Saudi- Five to die for 2003 attacks ,Arab News
(MENAFN - Arab News) A special criminal court on sunday convicted five people of terror related charges and sentenced them to death. thirty-seven others were sentenced to varying prison terms for ...

Apr 23 2014Qatar's Ezdan Holding buys 20 percent stake in Widam Food ,MENAFN
(MENAFN) Qatar-based Ezdan Holding Group said that it acquired a 20.16 percent stake in Widam Food Co. in a bid to promote investments and diversify its portfolio, The Peninsula Qatar ...

Apr 23 2014Seven tied for the lead in chess championships ,Khaleej Times
(MENAFN - Khaleej Times) Former champion sukandar grabs lead of asian continental women?s chess. former asian women’s champion wgm irene sukandar of indonesia (left) beat wim ni shiqun ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help