We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Derivates trading plans in Gulf pushed back -ADX CEO

The ADX initiated plans at a GCC level to create a derivatives market about three years ago-says ADX CEO.


November 8, 2010 3:58 by

Plans to create a regional derivatives market by the Abu Dhabi Securities Market (ADX) have been put on the back burner due to the financial crisis, the exchange’s chief executive said on Monday.

Rashed al Baloushi also said new initial public offerings (IPOs) are unlikely to be launched until investor confidence is restored and with further economic recovery.

The ADX initiated plans at a GCC level to create a derivatives market about three years ago when the financial crisis took hold, he told the MEED Abu Dhabi Conference.

“It was not the right time because derivates were blamed. So we decided to reprioritise and shifted it back,” he said.

Nor are any IPOs likely to hit the market soon, after two companies postponed plans earlier this year.

“We expect an IPO to come back when confidence comes back and the economy starts growing,” he said.

There are no bonds listed yet on the ADX but the exchange has the structure and legal framework ready for their listing, he said.

Set up in late 2000, ADX is the youngest stock exchange in the Gulf with shares of 66 companies listed currently and an investor base of 890,000, mostly retail investors, he said.

(Reporting by Stanley Carvalho, editing by Reed Stevenson)


Tags: , , ,

Leave a Comment