Capital Markets
From The Report: Dubai 2016
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The past 15 years have seen major advances in capital markets activity in Dubai. The financial sector free zone, the Dubai International Financial Centre (DIFC), has gone from idea to reality, and the emirate recently became the world’s largest market for sukuk (Islamic bonds). However, development has been uneven across types of capital markets offerings based on local demand patterns. New equity and bond offerings remain relatively underdeveloped, as most entrepreneurs in the emirate and the region are already well capitalised thanks to wealth accrued over years of oil exporting. Dubai aims to build on its growing reputation as a regional financial centre, and that has led to continued efforts by the government and major private sector leaders to encourage more breadth and depth in capital markets.

This chapter contains an interview with Essa Kazim, Chairman, Dubai Financial Market (DFM).

Articles from this Chapter

Overview

Diversifying options: Continued efforts by the government and major players are encouraging more depth in the market
OBG
plus

The past 15 years have seen major advances in capital markets activity in Dubai. The financial sector free zone, the Dubai International Financial Centre (DIFC), has gone from idea to reality, and the emirate recently became the world’s largest market for sukuk (Islamic bonds). However, development has been uneven across types of capital markets offerings based on local demand patterns. New equity and bond offerings remain relatively underdeveloped, as most entrepreneurs in the emirate and the…

Overview

Diversifying options: Continued efforts by the government and major players are encouraging more depth in the market
OBG
plus

The past 15 years have seen major advances in capital markets activity in Dubai. The financial sector free zone, the Dubai International Financial Centre (DIFC), has gone from idea to reality, and the emirate recently became the world’s largest market for sukuk (Islamic bonds). However, development has been uneven across types of capital markets offerings based on local demand patterns. New equity and bond offerings remain relatively underdeveloped, as most entrepreneurs in the emirate and the…

Interview

Further momentum: OBG talks to Essa Kazim, Chairman, Dubai Financial Market (DFM)
OBG
plus

Interview:Essa Kazim What has been the impact of the MSCI upgrade of the UAE from frontier to emerging market status? ESSA KAZIM: The upgrade will have a significant implication on the market in the long term, improving liquidity through inflows from emerging market funds. We have already noticed some funds that have never before been exposed to the DFM. In 2015, despite slower market activity, due to unfavourable circumstances independent from the sound fundamentals of our economy, foreign…

Interview

Further momentum: OBG talks to Essa Kazim, Chairman, Dubai Financial Market (DFM)
OBG
plus

Interview:Essa Kazim What has been the impact of the MSCI upgrade of the UAE from frontier to emerging market status? ESSA KAZIM: The upgrade will have a significant implication on the market in the long term, improving liquidity through inflows from emerging market funds. We have already noticed some funds that have never before been exposed to the DFM. In 2015, despite slower market activity, due to unfavourable circumstances independent from the sound fundamentals of our economy, foreign…

Analysis

Broad offerings: New instruments on the way to increase trading activity
OBG
plus

Part of Dubai’s financial sector strategy is to develop its capital markets in a way that reflects the local economy and real economic activity within it. The plan for futures and spot contracts based on local commercial communities features two trading platforms situated in two separate free zones. Dubai Multi Commodities Centre (DMCC), the UAE’s largest and fastest-growing free zone, is majority shareholder of the region’s largest derivatives exchange, the Dubai Gold and Commodities Exchange…