Capital Markets
From The Report: Abu Dhabi 2014
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In 2012 the GDP of Abu Dhabi expanded by 5.6% y-o-y, and the government has forecast annual expansion of 5.7% in the 2013-16 period. With a sustained return to positive territory for its main index and a crucial upgrade to “emerging market” status by Morgan Stanley Capital International (MSCI), Abu Dhabi’s exchange has had a good year. Both developments have generated new optimism regarding the exchange’s ability to attract liquidity, a goal which local and federal authorities have made a strategic priority. Efforts are under way to improve investor relations, with the Securities and Commodities Authority teaming up with both of the UAE’s exchanges, HSBC and the Middle East Investor Relations Society to introduce systemic improvements.
This chapter contains an interview with Rashed Al Baloushi, CEO, Abu Dhabi Securities Exchange.

Articles from this Chapter

Overview

New initiatives: Continued development of the exchange attracts more investment
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With a sustained return to positive territory for its main index, a crucial upgrade to “emerging market” status by Morgan Stanley Capital International (MSCI) and a 282% rise in share exchange value in 2013 over 2012, Abu Dhabi’s exchange has had a good year. The developments have generated new optimism regarding the exchange’s ability to attract liquidity, a goal which local and federal authorities have made a strategic priority. Rapid Development Abu Dhabi’s capital markets have developed…

Analysis

An important step: Launching a dedicated financial zone
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While the Abu Dhabi Securities Exchange (ADX) continues to formulate instruments aimed at deepening the emirate’s markets, 2013 brought a fresh development that has the potential to radically transform the financial sector. At the end of April 2013, after months of speculation in the local press, Sheikh Khalifa bin Zayed Al Nahyan, the president of the UAE, passed a federal decree establishing a new financial free zone in Abu Dhabi. The decree was shortly afterwards supplemented by a Cabinet decision…

Interview

A centre of global finance: OBG talks to Rashed Al Baloushi, CEO, Abu Dhabi Securities Exchange (ADX)
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Interview:Rashed Al Baloushi How will the UAE’s recent upgrade to “emerging” market classification impact local capital markets? RASHED AL BALOUSHI: The UAE’s upgrade from frontier-market status will have a profound impact on the local markets. While it reflects a growing realisation of how far our economy and our financial markets have developed in recent years, it also confirms our progress in making the improvements and changes to align with the views and practices of the international…