NASDAQ Dubai launched

18/11/2008 - Dubai Investment News
NASDAQ Dubai launched
The Dubai stock exchange received a boost today after it was revealed the index will be rebranded as NASDAQ Dubai.

At the same time, the NASDAQ OMX Group announced that it will list shares on the Dubai market from November 20th.

Soud Ba'alawy, chairman of NASDAQ Dubai and a director at the NASDAQ OMX Group, said the moves highlight the growing importance of the city as a financial centre.

"NASDAQ Dubai acts as a capital markets gateway for investors all over the world, including and especially in this region," he explained.

Continued expansion, he added, will be supported by "NASDAQ Dubai's growing ties to NASDAQ OMX exchanges in the US and Europe in listings, marketing, technology, and management expertise".

This new development adds to recent figures from the Global Financial Centres Index which revealed that Dubai is set to gain in prominence in the international banking industry. The index from the City of London and Z/Yen suggest that the majority of finance firms would consider opening a new office in Dubai.ADNFCR-2019-ID-18881542-ADNFCR