Sunday 22 September 2013

Dubai regains ground as global financial hub - China.org.cn

Dubai regains ground as global financial hub - China.org.cn:

"The negative impact of rising Middle East tensions around Syria is only short-term for Dubai as favorable polices moved it into the spotlight of global finance and banking.

The month of September when temperatures sink and business travelers return for conferences marks the start of the economic high season in the Gulf region, with Dubai presenting news on a daily basis that the business beat is back.

On Monday, Bank of London and The Middle East said it will float share on the Nasdaq Dubai, the Middle East only international bourse by regulatory standards. The going public of the largest British Islamic bank, which said it would be around 195 million shares at an estimated listing price of 2.57 U.S. dollars, will mark the first floating of new securities at Nasdaq Dubai in more than five years.

Also on Monday, United States-based capital markets platform provider Calypso Technology said it opened an office in the DIFC, the offshore financial center of Dubai which also harbors the Nasdaq Dubai."

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