Financial Market in Abu Dhabi Essay Example | Topics and Well Written Essays - 1000 words

Financial Market in Abu Dhabi - Essay Example The global environments where the strategies have been implemented to develop the financial markets have changed drastically because of the overall financial crisis. But the GCC (i.e. the Corporation Council of the Arab States in the Gulf Region) has a chance to succeed in developing the financial markets and consequently promoting their competitiveness. Economic condition in the GCC market is supported by the region’s wealth due to their high oil and gas supplies. The past few years of financial turmoil have also pointed out the challenges and the necessity to a bigger and more effective and mature financial markets. There are a large number of structural factors which will determine the development prospect related to the financial markets in the Gulf region in the next few years (Deutsche Bank AG, 2012). ... Abu Dhabi: Leading in the Middle East region in respect of the Investors Confidence Abu Dhabi is viewed as an access point for most of the investors because of its location, the economic policies which are business friendly in nature and also the advances in different sectors. According to the investors, they are confident that the financial market of this country is one of the best options where they can make investments. United Arab Emirates is leading the Middle East region in terms of gaining the investor’s confidence. Abu Dhabi has become one of the top destinations for making investment. It will continue to expand because of its positive experience, excellent performances and the attraction of the new investors in investing in its financial market. Abu Dhabi Financial Market United Arab Emirates previously had an informal stock market from the year 1986 with more than ninety listed companies listed in this stock market and traded from here. But the trading was restricted to shares of only 32 to 36 companies because the shares of most of the companies were held by government or high net worth individuals. The informal market of United Arab Emirates existed before the establishment of the Abu Dhabi Stock Exchange (ADX) in Abu Dhabi and Dubai Financial Market (DFM) in Dubai in the year 2000. Abu Dhabi Securities Exchange was established on 15th November 2000 by the Local Law No. (3) 2000. It was established as one of the legal entities with autonomous status. Abu Dhabi Securities Exchange has the legal authority of establishing branches and centers outside the Emirates of Abu Dhabi. Currently, ADX has its operations in Ras al Khaimah, Sharjah and Zaayed City and