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Dubai Financial Market - Essay Example
Author : ejacobson
Finance & Accounting
Pages 5 (1255 words)
This essay describes the issues and strategies of Dubai financial market. The researcher focuses on the discussion on DFM, which involves an analysis of the performance of DFM, its operations, securities that are traded in the market, and its financial performance…
This researcher of this essay focuses towards a precise discussion on Dubai Financial Market, which involves an analysis of the performance of Dubai Financial Market, its operations, securities that are traded in the market, and its financial performance. This essay discusses the Dubai Financial Market (DFM), that was founded as a sovereign corporate body, by the Ministry of Economy. It operated like a secondary market that traded securities issued by different public companies, units of diverse investment funds, bonds that were issued by local, and Federal government, and also public institutions. Dubai Financial Market started its operations since March 2000. As it was stated by Executive Council, DFM was set as a Public Joint Stock Company, in United Arab Emirates. The paid up capital for Dubai Financial Market was ascertained to be AED 8 billion, that was used to allocate around 8 billion shares. It was also decided that around 20 percent of shares would be offered for the public subscription. Trading on DFM started in March 2007. Dubai Financial Market was created with the vision of creating a world class marketplace in the Gulf region. The products of DFM discussed in the essay are segregated into two types, that are traded securities also known as shares, and debt securities, namely Islamic Sukuk and Bonds. The researcher then concluds that the DFM organization succeed because it was built on five key principles, namely: transparency, integrity, confidentiality, innovation and efficiency. ...