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Move reflects the growing links between Nasdaq OMX Group and Nasdaq Dubai and the direct involvement of Nasdaq in the UAE |
The Dubai International Financial Exchange (DIFX) has rebrands its market as Nasdaq Dubai. Nasdaq OMX Group, the world's largest exchange company, also announced yesterday that it will list its shares on Nasdaq Dubai on November 20. Both moves reflect the growing links between Nasdaq OMX Group and Nasdaq Dubai and the direct involvement of Nasdaq in the region.
Soud Ba'alawy, chairman of Nasdaq Dubai said: "As the international stock exchange serving this region, Nasdaq Dubai acts as a capital markets gateway for investors all over the world, including and especially in this region. Nasdaq Dubai's growing ties to Nasdaq OMX exchanges in the US and Europe in listings, marketing, technology, and management expertise will support its continuing expansion."
Nasdaq OMX acquired a one-third stake in Nasdaq Dubai in February 2008. The other two-thirds is owned by Borse Dubai, the holding company of Nasdaq Dubai and Dubai Financial Market. Nasdaq OMX Group will host its First Middle East Investor Conference in Dubai on November 20 to provide its issuers with access to investors in the region.
