Hamid: put new products on the DIFX

difexExpect the Executive Director of the DIFX, Hamid to ask for new products traded on the Dubai International Financial Exchange, during the year , especially derivatives, pointing out that creating the conditions for the time being to develop the Islamic financial services in the field of stock exchanges and capital markets, especially in light of the fact that about 44% of the total instruments included in the international capital markets in Dubai.

Hamid said in an exclusive statement to “the market. Net”, the company formally announced the Orient ready in principle 6 of its subsidiaries to receive individual investors who wish to handle the Dubai International Financial Exchange, becoming the first brokerage firm covering all markets in the country, expected to see market increase in the volume of trading during the year .

He added during a press conference held on Monday,  on the occasion of the company include the City of Gold Corporation, Ltd., owner of the richest gold mines in Australia, the DIFX, “said the Dubai International Financial Exchange is looking forward to the inclusion of more international companies, which would satisfy the requirements of investors and provide a variety of products, which would also be beneficial for companies that find it a broader base of investors. ”

For his part, Chairman of the Board of Gold City, John Foley, “contributes to the inclusion in Dubai contributed to the strengthening of our global capital markets in the world, in line with the company’s position in the gold mining sector, and the fact that the only global stock market in the region, the DIFX is the ideal platform for us to communicate with investors in the region. ”

The Chief Executive of the DIFX is the Sun Bear or b (Cold City) as the first company to include the East Asian region of the shares on the DIFX. According to Manan Desai, Head of the Office of City Gold Corporation Limited that the inclusion of shares in Gold City, the Dubai stock exchange will provide an opportunity for those wishing to purchase access to the gold price is much better compared with the real price.

“The increased awareness of the global gold companies need to list its shares on the Dubai market, where the rising value of gold trade during 2006 to about 14.75 billion U.S. dollars, a growth rate of 37% for the year , while consuming regions of the Middle East and India about 60% of the gold. The City Gold Corporation owns the richest gold mines in Australia, in northern Queensland, and plans to be the first producer of gold in the world, with growth in the value of their shares by 100% annually. “


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