NASDAQ Dubai
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It has been suggested that this article or section be merged into Dubai International Financial Centre. (Discuss) Proposed since September 2011. |
| Type | Privately held |
|---|---|
| Industry | Financial exchange |
| Founded | 2005, Rebranded 2008 |
| Headquarters | Dubai, United Arab Emirates |
| Website | Official website |
NASDAQ Dubai (formerly called the Dubai International Financial Exchange, or DIFX), is a stock exchange opened on September 26, 2005, in Dubai, United Arab Emirates.
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[edit] Listed products and market status
Products listed on the DIFX include ordinary shares listed by DP World along with other Damas and DEPA. DP World is the largest IPOs in the Middle East and raised $ 4.96 billion.[1] It was 15x oversubscribed and is one of the most valued companies in the Middle East Region.[2]
[edit] Activities
The trading hours of NASDAQ Dubai are from 10:00am to 2:00 pm (06:00 am to 10:00 am GMT) from Sunday to Thursday. NASDAQ Dubai is one of the very few Multi-asset exchange in Middleeast. Products range include equities, GDRs, Structured products ETFs, Index and equity Futures, Islamic debts (Sukuks), etc.
[edit] The Dubai International Financial Centre
NASDAQ Dubai is located in the Dubai International Financial Centre (DIFC), a financial free zone which opened for business in 2004. Financial activities in the DIFC are governed to international standards by an independent regulator, the Dubai Financial Services Authority (DFSA). NASDAQ Dubai has a license from the DFSA to operate an exchange. The President of the DIFC is Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President, Prime Minister and Ruler of Dubai.
[edit] See also
- Abu Dhabi Securities Exchange - stock market for UAE companies
- Dubai Financial Market - stock market also for UAE companies
- List of stock exchanges - stock exchanges around the world
[edit] References
- ^ "Clifford Chance advises on the largest ever IPO in the Middle East | Clifford Chance". AMEinfo.com. http://www.ameinfo.com/139871.html. Retrieved 2011-08-09.
- ^ "DP World nets $4.9bn in region’s biggest IPO - Money Matters". livemint.com. 2007-11-21. http://www.livemint.com/2007/11/21231016/DP-World-nets-49bn-in-region.html. Retrieved 2011-08-09.
- ^ "NASDAQ Dubai". NASDAQ Dubai. http://www.nasdaqdubai.com/investors/index.html. Retrieved 2011-08-09.
[edit] External links
- Official website
- DFSA - Dubai Financial Services Authority (market regulator)
- DIFC - Dubai International Financial Center
