The United Arab Emirates has one of the most open economies in the world. This tradition of welcoming business and trade goes back to early Gulf history, when ships sailed to India and along the coast of East Africa.
The UAE continues to maintain its competitive edge as a strategic commercial hub for the region.
Dubai Financial Market (DFM)
Dubai Financial Market (DFM) launched its activities on 26th March, 2000. Within a short period of time, the DFM has fast developed into a leading financial market across the region. Its ongoing efforts and strategic initiatives have further reinforced Dubai as a center of excellence in this part of the world. DFM enhanced its leading position as a powerful capital market hub that embraces international best practices to meet the evolving needs of its investors locally and internationally.
In addition to this, DFM is the first financial market to have offered its shares through an IPO in the Middle East, and this reflects the leading role played by the Emirate of Dubai in selling shares of governmental institutions in the region.
Abu Dhabi Securities Exchange (ADX)
The Abu Dhabi Securities Exchange (ADX) formerly (Abu Dhabi Securities Market) was established on 15th November 2000 under the Local Law No. (3) of 2000, the provisions of which vest the Market with a legal entity of autonomous status, independent finance and management, and give ADX the necessary supervisory and executive powers to exercise its functions.
ADX has the authority to establish centers and branches outside the Emirate of Abu Dhabi. To date it has done so in Fujeirah, Ras al Khaimah, Sharjah and Zayed City.
Licensed by the Emirates Securities and Commodities Authority (ESCA) to provide financial services in the Dubai Financial Market (DFM) and the Abu Dhabi Stock Exchange (ADX), it includes all related activities (Equities Trading, Bonds Trading, Shares Transfers, Account opening, Family transfers, Legal Transfers, Legal Executions and More.)
For details, please contact our customer service team on 800-9436 or email us at Info@Damansecurities.ae