- Borse Dubai
Borse Dubai is a
stock exchange in theUnited Arab Emirates .It is the
holding company forDubai Financial Market (DFM) andDubai International Financial Exchange (DIFX). Borse Dubai was created6 August 2007 to consolidate the Government of Dubai’s two stock exchanges as well as currentinvestments in other exchanges, expanding Dubai’s position as a globalcapital market hub.Borse Dubai’s
growth mandate is extracted from the 2015 Dubai Strategic Plan which has definedfinancial services andcapital markets as a key focus area to support the development and growth of regional capital markets to the highest international standards. This is complemented with Dubai’s strong heritage of buildingglobal leaders in selected industries.In September 2007, Borse Dubai secured 28 per cent of the
London Stock Exchange as part of a wider deal with the US-basedNasdaq designed to settle their long-running battle for control of theStockholm -based exchanges and telecommunications operatorOMX . However, the move enraged theQatar Investment Authority , which until Tuesday night believed it was close to clinching a deal to buy much of the LSE stake for itself. [ [http://www.ft.com/cms/s/0/4c84f0ee-674b-11dc-9443-0000779fd2ac,dwp_uuid=e8477cc4-c820-11db-b0dc-000b5df10621.html FT.com / Mergermarket - LSE faces fresh bidding war ] ] Following completion of the Nasdaq OMX deal, Borse Dubai now holds 19.99% of the holding company's stock. It has obtained a Congressional license to do so, as well as being approved by the SEC.References
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