Q&A with Dubai Bourse Chairman Essa Kazim on UAE’s Emerging Market Promotion - Middle East Real Time - WSJ:
"It’s the only listed stock exchange in the Middle East. And since early 2013, among the world’s top performers: the Dubai Financial Market’s benchmark stocks gauge has more than tripled in value since early 2013 as investors cheer a sharp rebound in the emirate’s economy.
Confidence is high, also boosted by the Persian Gulf state winning the right to host the World Expo in 2020, and locals are increasingly optimistic that the United Arab Emirates’ promotion by index compiler MSCI to emerging market status this week will further enhance its investment credentials.
The bourse itself has worked along with U.A.E. regulators to build better market infrastructure ahead of the reclassification. DFM’s Chairman Essa Kazim has helped lead many of these changes, putting to use his experience dealing with global exchange groups such as Nasdaq OMX and the London Stock Exchange. After all, Borse Dubai – also headed by Mr. Kazim – is the majority owner of DFM and holds substantial stakes in both the international bourses."
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