Formal stock exchanges are established in Abu Dhabi and Dubai with linked trading floors. The Emirates Securities and Commodities Authority regulate these exchanges.
NASDAQ Dubai, previously the Dubai International Financial Exchange (DIFX) provides both investors and issuers with a larger and more liquid securities market than currently exists elsewhere in the region. NASDAQ Dubai allows Governments and companies globally to access regional investment opportunities. Companies outside the region can seek to have their shares dual-listed on the exchange in order to benefit from the large pool of capital accessible in the region.
The Dubai Multi Commodities Centre (DMCC) has been established to integrate the refining, manufacturing and trading of gold, as well as introduce the trading of other precious metals such as platinum, palladium and silver. DMCC’s aim is to facilitate the development and expansion of the local and regional precious metals market. Facilities will include high tech, secure vault facilities, assaying facilities, settlement, package delivery, shipment facilities, a purpose-built Jewellery and Gemplex to facilitate the manufacture of precious metal jewellery and a commercial tower to house wholesale, trading and banking operations.
The Dubai Gold and Commodities Exchange (DGCX) is the first international commodities derivatives market in the Middle East region and, therefore, the first in the critical time zone between the markets of Europe and the Far East. As an international commodities derivatives exchange, the DGCX will offer a range of commodities, with electronic trading accessible from anywhere in the world.