DFM promotes dialogue on “Global Financial Markets, Challenges and Opportunities” as part of the Summit on Global Agenda Councils
December 6, 2012 5:02 by kippreport
Dubai Financial Market (DFM) has successfully hosted a high level thought leadership roundtable discussion on “the Global Financial Markets: Challenges and Opportunities”. The event is an initiative of the UAE government, as part of the World Economic Forum’s Summit on Global Agenda Councils recently held in Dubai.
The roundtable amassed capital markets experts in the UAE along with international experts from the WEF, to freely exchange ideas on the state of financial markets and how they should develop in future.
Moderated by Essa Kazim, Managing Director & CEO, Dubai Financial Market, the roundtable covered various topics including the macroeconomic environment and the outlook of the global economy, financial markets regulations, the similarity and dissimilarity between regional markets and its western counterparts, banks’ participation in the financial markets as well as regional markets’ performance and outlook.
More than 15 high level established leader in the development of the capital markets took part in the roundtable discussion including; Abdullah Salim Al-Turaifi, CEO, Securities and Commodities Authority (SCA), Hani Al Hamli, Secretary General, Dubai Economic Council, Ian Johnston, CEO, Dubai Financial Services Authority (DFSA), Hussain Al Qemzi, CEO, Noor Islamic Bank, Hamed Ali, Acting Chief Executive, NASDAQ Dubai and Shehab Gargash, Managing Director – Daman Investments.
Commenting on this successful hosting, Essa Kazim, Managing Director & CEO, Dubai Financial Market said: “We are delighted to host this important Global Agenda Councils roundtable on the topic of “Global Financial Markets, Challenges and Opportunities”. The roundtable is part of an initiative of the UAE government as part of the World Economic Forum’s “Summit on the Global Agenda”, which has been held in the UAE every year since the inaugural event in 2008. The Summits, like the World Economic Forum as a whole, are respected worldwide for bringing together thought leaders from a variety of fields to discuss issues ranging from social development and poverty to health and the environment - and, of course, the financial markets.
Finally, we would like to thank all of the speakers for taking part in this significant roundtable and we are confident that the invaluable thoughts discussed during this event will influence the climate in which substantive decisions are taken by governments and other bodies around the world in relation to the financial markets.”
About Dubai Financial Market: Dubai Financial Market (DFM) was established as a public institution with its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. www.dfm.ae
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