Essay sample - Dubai Financial Market

Dubai Financial Market Essay example
College
Essay
Finance & Accounting
Pages 7 (1757 words)
Download 0
The study is prepared with the sole intent of understanding the functioning of the Dubai Financial market (DFM); one of the leading stock exchanges of UAE. The study will also lay emphasis on the nature of the investment market in Dubai and its potentiality. …

Introduction

Dubai Financial Market (DFM) is one of the few stock exchanges of UAE which was established as a public institution on March 26, 2000 (Dubai Financial Market, 2013a). It has its own independent body which was formed as a result of a resolution passed by the Ministry of Economy (MOE) number 14 2000 (Dubai Financial Market, 2013a). It operates as secondary market responsible for trading of securities, bonds, units of investment fund, any other financial instrument which is issued by the public joint stock companies, Federal government or any other local government & public institutions of the country. DFM was established as a joint stock company with a paid up capital 8 billion Dirham with a par value of 1.6 per share. The first IPO by DFM had resulted in more than 8 billion Dirham. The main objective of DFM is to make it a world class market place and provide the stakeholders with innovative facilities in trading, settlement, depositary of securities and clearing in an efficient method. Some of the important market values of DFM are efficiency, transparency, innovation, confidentiality and integrity. The existence of a strong investment market in UAE has attracted several potential investors and is considered as one of the most potential investment hubs of the world. As per a survey conducted by the Economic Department of Dubai 28 percent of the surveyed respondents had claimed Dubai to the most lucrative investment destinations of the world (DED, 2012).
Mission and Objectives of DFM
The mission and the objective of DFM are to create a fair, transparent and efficient liquid market for smooth trading purposes. It helps in provident various investment opportunities through optimum utilization of resources. ...
Download paper
Not exactly what you need?

Related papers

Emaar Properties PJSC
Working Capital ratios 8 …
16 pages (4016 words)
financial management
Normally two ratios are being used to evaluate the liquidity of a company, they are the current ratio and quick ratio respectively. These ratios describe that how many current assets are required to fulfill the current liabilities. By using the data from each company’s financial statement we find out the current ratio of both companies. As in company A there is a large amount of assets to…
4 pages (1004 words)
Lending & Securities course ( Short & medium Term Commercial Financing by a lending institution in UAE )
This financial group was incorporated in 2007 in Dubai Financial Market. The company has successfully proved itself as capable of providing enhanced value added financial services across retail, corporate, investment and Islamic banking across the Gulf Corporation Council region. This organization is highly focused on its long term vision which is to become most dynamic and leading financial…
8 pages (2008 words)
UAE Banking Sector
Page 3 Find the ratio of Housing Loans/ Housing Debt in UAE……………………. page 4 What are the components of housing loans in UAE…………………………… page 4 What are the consequences of not paying the housing loans?. page 5 Analysis and Valuation……………………………………………………. Page 6 Current banking policy regarding real estate exposure in UAE…
8 pages (2008 words)
Financial Market in Abu Dhabi
The global environments where the strategies have been implemented to develop the financial markets have changed drastically because of the overall financial crisis. But the GCC (i.e. the Corporation Council of the Arab States in the Gulf Region) has a chance to succeed in developing the financial markets and consequently promoting their competitiveness. Economic condition in the GCC market is…
4 pages (1004 words)
Abudhabi Financial Market
The laws and regulation of the financial market are favorable for investment. The financial market of Abu Dhabi is on the verge of expansion with the proposed establishment of the world financial market in Abu Dhabi by the end of 2013. Executive Summary The operations of the financial markets of Abu Dhabi have been explained in this work. The various sectors, financial institution and companies…
5 pages (1255 words)
Dubai Financial Market
As it was stated by Executive Council, DFM was set as a Public Joint Stock Company, in United Arab Emirates (UAE). The paid up capital for DFM was ascertained to be AED 8 billion, that was used to allocate around 8 billion shares, which signifies AED 1.6 per share. It was also decided that around 20 percent of shares would be offered for the public subscription. Trading on DFM started in March…
5 pages (1255 words)