Tuesday 18 March 2008

Major Players In UAE Market

They are major players (companies) in UAE market.

1- Dubai Financial Market

2- Abu Dhabi Securities Market

3- The Dubai Multi Commodities Centre (DMCC)

4- Dubai Gold & Commodities Exchange (DGCX)



Abu Dhabi Securities Market




The Abu Dhabi Securities Market (ADSM) was established on 15 November 2000 by 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 ADSM the necessary supervisory and executive powers to exercise its functions. These functions are:
Provide opportunities to invest savings and funds in securities in order to benefit national economy.
Ensure the soundness and accuracy of transactions and to ensure the interaction between demand and supply in order to determine prices.
Protect investors through establishing fair and proper dealing principles between various investors.
Impose stringent controls over securities transactions to ensure sound and conduct procedure.
Develop investment awareness by conduction studies and issuing recommendations in order to ensure that savings are invested in productive sectors.
Ensure financial and economic stability and develop trading methods in order to ensure liquidity and stability of prices of Securities listed on the market. Moreover, ADSM 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. The Abu Dhabi Securities Market’s board of directors is comprised of seven members nominated by Amiri Decree. The members of the board hold office for a term of three years. The first board of directors was constituted by Amiri Decree No. (8) of 2000.


The Dubai Multi Commodities Centre (DMCC)


The Dubai Multi Commodities Centre (DMCC) is a strategic initiative of the Dubai government created to establish a commodity market place in Dubai. Rated 'A' by Standard & Poor's, it provides industry-specific market infrastructure and a full range of facilities for the gold & precious metals, diamonds & coloured stones, energy and other commodities industries.
DMCC is also a free zone authority offering 100% business ownership, a guaranteed 50 year tax holiday and freehold property options.Launched in 2002, this strategic government initiative has been established to support the specific needs of its core segments - Gold & Precious Metals, Diamonds & Coloured Stones, Energy and Other Commodities industries.

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