|
|
Article: United Arab Emirates: Dubai bourse trades in dirhams to attract investors.
- Article from:
- TendersInfo
- Article date:
- October 24, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: pinto03
The Dubai International Financial Exchange (DIFX), the smaller of the city's two stock exchanges, has begun to allow trading in UAE dirhams in an attempt to attract more liquidity to the market from private investors. Speaking at the Capital Markets conference in Dubai on 22 October, Jeff Singer, chief executive officer of DIFX, said: "As of today, the DIFX does have a facility to trade, clear and settle in dirhams."
The change covers shares in all 16 companies listed on the exchange. ...