UAE stock market Essay Example | Topics and Well Written Essays - 750 words

UAE fall market - Essay ExampleThe carnation prices were fluctuating widely. drop of sustainability produced the need of making a strait-laced system with outlined regulations and laws. Government and former(a) semiofficials realized that the provide existence of market will be able to attract the investors in UAE in market. Hence, the Government immovable to develop such a system where investors can rely and invest their money. After a capital effort, the development of a proper stock swap market took place in the stratum of 2000 in the presence of law number 4, and then in the year of 2000, Dubai Financial Market (DFM) and Abu Dhabi Securities Market (ADSM) were established. From 2000 the proper mechanism of stock exchange was started in UAE (GulfBase). STOCK AND COMMODITY EXCHANGE BOARD The development of stock and commodity exchange board presumes overall controlling responsibility in the stock and commodity exchange market in UAE. It practices the essential control and executive functions to discharge its allocates responsibilities, and amenities enthronization of savings and other notes in the stock exchange market in the way that would give out the comprehensive economy and charter sure communication between the forces of supply and demand to decide fair-haired prices and rampart investors, in addition to to promote investment knowledge in a way that would comprehend pecuniary and scotch consistency. Dubai Financial Market (DFM) The establishment of Dubai monetary market took place on 26th March, 2000. It was registered as a public organization having self-governing authorized individuality. At the initial stage, the joint-stock companies use this market as secondary market for the buying and selling of stocks, In addition to the exchange of bonds that are issued by the UAE government, whatsoever of the local government bodies, institutions and public organizations within the government or investment units allocated from the local inve stment funds of a country or any other local or foreign fiscal peter that are acceptable to the market of UAE (DFM). ABU DHABI SECURITIES MARKET (ADSM) The establishment of Abu Dhabi financial Market took place in the year of 2000. The establishment of market gives the stock exchange market as self-governing legal identity, managerial and financial independence, in addition to the essential control and decision-making authorities required by the market to release its functions. The official inauguration of the market took place on 15th November, 2000. It works for the security and protection of financial and economic constancy and the establishment and explanation of exchange procedures in such a way as to make sure the liquidity and stableness of the market. After the development of stock exchange market the economy of UAE has been unceasingly growing and there are lots of investments from foreign companies are coming in the economy. The political stability and cultural diversity of UAE attracting the multinationals to make investments in UAE stock market. UAE is planning to serve as a financial hub in the Middle East region. The government is starting new projects to attract the investors. The most recent investment in the real state sector is an example. Now there are several companies listed on the stock exchanges of UAE that belongs to different regions of the world. The stock market of UAE is very prominent in Middle East region because it has a high growth rate. The government of UAE is continuously making plans for future projects and revealing it to