Dubai International Financial Exchange (DIFX)

(opened 2005)

The DIFX is located in the Dubai International Financial Centre (DIFC), a financial free zone which opened for business in 2004.

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Trivia

.The Dubai International Financial Exchange is an Arabian stock exchange opened on September 26, 2005 in Dubai, the UAE. DIFX aims to become the leading stock exchange between Western Europe and East Asia.The exchange expects to welcome regional and international issuers and members. For international investors, the DIFX will be the main gateway to opportunities in the Gulf Cooperation Council states and the rest of the Middle East and North Africa, as well as South Africa, Turkey, Central Asia and the Indian sub-continent.

Trading hours of the DIFX are 11:45am to 5pm (07:45am to 1pm GMT) from Monday to Friday. The DIFX intends to become a platform of choice in its region for a range of: Equities, Bonds, Funds, Islamic Products, Index Products & Derivatives. Financial activities in the DIFC are governed to international standards by an independent regulator, the Dubai Financial Services Authority (DFSA). The DIFX has a licence from the DFSA to operate an exchange. .

The DIFX has a licence 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.

For issuers of shares and other securities in these areas, the exchange offers increased market visibility, access to regional and global capital and the ability to sustain fair valuation. The trading hours of the DIFX are from 11:45am to 5pm (07:45am to 1pm GMT) from Monday to Friday. The DIFX intends to become the platform of choice in its region for a range of Equities, Bonds, Funds, Islamic Banking, index Products, and Derivatives.

http://www.difx.ae/ the website of the Dubai stock exchange

Trivia

Dubai or Dubayy refers to either one of the seven emirates that togerther form the UAE on the Arabian Peninsula, or that emirate's main city, sometimes called "Dubai City" to distinguish it from the emirate. Dubai is the most populous and second largest emirate in the federation after Abu Dhabi. Dubai is distinct from other members of the UAE in revenues from oil account for only 6% of gross domestic product. A majority of the emirate's revenues are from the Jebel Ali Free Zone (JAFZ) and now, increasingly, from tourism.

There are records of the town of Dubai from 1799. Earlier in the 18th century the Al Abu Falasa lineage of Bani Yas clan established itself in Dubai on a dependent of the settlement of Abu Dhabi until 1833.

On 8 January 1820, the sheikh of Dubai was a signatory to the British sponsored "General Treaty of Peace" (General Maritime Treaty).

Dubai is a dictatorship and many are campaigning for Dubai to become a modern democracy.

1,070,779 (2004) live in Dubai

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