With much of the Arab world undergoing transformational social and political changes in 2011, the UAE emirate of Dubai and its economy appear to be beneficiaries of the perception that the sheikdom is one of the most secure and stable markets in the region.
For the month ended March 29, the Dow Jones DFM Titans 10 Index, which measures the performance of the ten largest Shari’ah-compliant stocks listed on the Dubai Financial Market (DFM), has posted the largest gain (11.60%) within the Dow Jones Islamic Market Index (DJIM) family.
The United Arab Emirates has not experienced any civil unrest, and Dubai - known as a hub for trade, banking and tourism - seems to have been rewarded by investors for its stability. Dr. Nasser Saïdi, Chief Economist of the Dubai International Financial Centre, noted that, with the largest free port in the region, Dubai has reaped the benefits of expanded manufacturing production from countries such as China.
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