Times of Oman | News :: Top brokerage of Dubai plans German foray:
"Dubai's biggest equities brokerage plans to expand into Germany by July to tap growing investor appetite for UAE equities, the chief executive officer said.
Mena Corp Financial Services, which traded the most shares on the Dubai Financial Market among the 48 brokerages tracked by the exchange last year, plans to open a representative office in Frankfurt in the second half, Fathi Ben Grira, group chief executive, said in an interview in Dubai. The expansion into Frankfurt will also allow Mena Corp to serve institutional clients in Zurich and Liechtenstein, he said.
UAE equities have become more appealing to international investors since MSCI said in June it would upgrade the country to emerging-market status effective May this year. Dubai's DFM General Index more than doubled in 2013, the top performer among more than 90 indexes tracked by Bloomberg, while Abu Dhabi's benchmark gauge surged more than 60 per cent."
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