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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (859)	9/26/2005 11:50:01 AM
From: elmatador	Read Replies (1) \| Respond to of 217591

Dubai launches new financial market DUBAI –– A new financial exchange which hopes to become the leading international market in the oil-rich Gulf region was formally launched in Dubai on Monday. The Dubai International Financial Exchange (DIFX) expects to have "between 10 and 15 companies listed and a market capitalisation of two billion dollars before the end of 2006," executive president Steffen Schubert said. At the opening, Lebanese telecommunications company Investcom Securities announced it planned a 750-million-dollar initial public offering on the new market. The DIFX said it will be the first stock exchange in the Middle East to list financial derivatives, index products and financial instruments compliant with the Sharia Islamic law. The bourse aims to become the leading international stock exchange located between Europe and Asia in the Gulf emirate of Dubai, which is seeking to become the region's leading business and tourism hub. –– AFP timesofoman.com