The listing of 10 government companies in the Dubai market and two 3 billion dirham funds

Deputy Governor of Dubai, Sheikh Maktoum bin Mohammed bin Rashid, confirmed the approval of the Supreme Committee for the Development of Markets and Capital Exchanges in Dubai, indications aimed at doubling the financial market to 3 trillion dirhams, as well as l ” inclusion of 10 government companies e semi-government in the financial market of Dubai.

Sheikh Maktoum stressed Formation of a law enforcement commission in its specialized markets and courtsHe stressed that “the financial market is our economic front and no one will be above the law”.

The committee approved the launch of a fund of market maker worth two billion dirhams and another billion dirhams to encourage tech companies to go public on the local market.

Sheikh Maktoum said: “Dubai has a financial market, Nasdaq Dubai and a gold and commodity exchange. prime. We are the second largest Islamic sukuk center in the world and the third highest diamond trading country. We have one of the largest gold exchanges and we are the largest country to re-export tea and we have exchanges to trade these commodities. prime Digital resources for the future.

The decisions included working to coordinate operations between the Dubai financial market, the Nasdaq, the Dubai Gold and Commodities Exchange and the Dubai Multi Commodities Center, and the establishment of a specialized department to resolve securities disputes in the commercial court. to start his work in January 2022.

The decisions also included establishing a law enforcement committee for financial markets in Dubai led by Dr. Abdullah Al Ghafri to develop procedures, monitor violations and enforce laws, and study the development of the legislative and regulatory framework for the products of asset digital Crypto Currencies.

Read More About: Business News

Follow AsumeTech on

More From Category

More Stories Today

Leave a Reply