Abu Dhabi Securities Exchange (ADX) is steadily moving to the highest international standards of development, supported by the decision of the "MSCI" to consider upgrading the UAE market to the category of emerging markets after six months, ADX said in a press release.

After the application of a delivery versus payment (DvP), which came as a result of the Abu Dhabi put perception has been discussed with the partners involved, the Securities and commodities Authority have been successfully applied on 28th of May,2011- giving the custodian more potential to save assets customers, by the decision "Morgan Stanley" (Barra MSCI) to give the beneficiaries of this mechanism the time needed to evaluate the results of this positive development in order to consider the classification of the UAE beginner markets to emerging markets within December,2011, in an official announcement has been disclosed Today, Tuesday, the 22 of June, 2011 in various media.

Rashid Al Baloushi, the executive vice president and director of operations department commented on this extension benefited: "Abu Dhabi Securities market applied the mechanism of its plan of an integrated performance strategy based on the application of best standards of practice applicable in developed markets globally in line with the vision of the Government of Abu Dhabi 2030, which aims to create an institutional investment activity and an ideal investment environment to facilitate attracting foreign investment".

These efforts were built on the orientations of the leadership of the state to improve and develop the services provided by the market to an audience of investors, partners and brokers alike. Including the recent application of a delivery versus payment (DvP), which we hope to obtain an upgrade UAE Market to the level of emerging markets.

Elie Ghanem, the Head of Management Development in Abu Dhabi Securities Exchange that the decision, "Morgan Stanley" (Barra MSCI) to reviewing after a period of six months in a positive decision indicates a classification of the applied mechanism, and is willing to give partners time to evaluate. And the market is preparing for the next stage of developing this mechanism". He expressed confidence that markets will reach the ranks of emerging markets sooner or later, and this will benefit companies that allow foreign ownership when of foreign institutional investments flow.

We accept Guest Posts

Download the Dubai City Guide iPhone mobile app

DubaiCityGuide.com is owned and managed by Cyber Gear