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Saturday, November 28 - 2009

DIFX Academy and AUD Business School team up for lecture on wealth creation and capital markets in Dubai

  • United Arab Emirates: Saturday, April 21 - 2007 at 09:33
  • PRESS RELEASE

The DIFX Academy, the training arm of the Dubai International Financial Exchange (DIFX), and the American University in Dubai (AUD) Business School have joined forces to organise a lecture addressing the foundations of wealth creation, the role of capital markets, and Dubai's many achievements and challenges.

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The lecture, 'Wealth Creation and Capital Markets: Dubai's Institutional Challenge', will be delivered at the AUD on April 24 by Armen V. Papazian, a visiting assistant professor in finance at the AUD and a research associate at the Judge Business School, Cambridge University in the UK. Finance professionals and interested members of the public are invited to attend.

Per E. Larsson, Chief Executive of the DIFX, said: "Dubai's capital markets are developing fast and it is important to understand the direction they are taking. This lecture is a significant addition to the growing suite of courses and lectures provided by the Academy to raise awareness of financial services in the region and beyond."

Dr. Dwayne A. Banks, Dean, School of Business Administration, the American University in Dubai, said: "Dr. Papazian is a dynamic lecturer, with a command of capital market theory and applications that is both substantive, real-world, and timely. This lecture illustrates for attendees the challenges ahead for GCC countries, as they seek to position themselves as world leaders in both wealth creation and capital market formation."

Hamed Ali, Executive Officer of the DIFX, said: "Those attending will gain fresh insight into the forces shaping wealth creation and capital markets expansion. This lecture is an example of the many efforts and achievements of the DIFX Academy. All individuals interested in the future of wealth creation in Dubai should attend."

The lecture will cover the basics of wealth creation and the role of capital markets, looking
at Dubai's achievements and the opportunities and challenges ahead. Through the event, the DIFX Academy and the AUD Business School aim to stimulate public discussion and understanding.

The lecture will be held at 5.30 pm at the AUD Auditorium (on campus) near Media City and is open to the public free of charge.

Dr Papazian earned a PhD in Financial Economics from Cambridge University and has supervised and lectured in Cambridge, Lebanon, India and Dubai. He has been a consultant for private and public organisations around the world. In 2007 he joined the DIFX as a Senior Vice President heading the department of Innovation and Development.
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About DIFX
The DIFX is the region's first international financial exchange for equities, bonds, Islamic products, funds, index products and (subject to regulatory approval) derivatives. The target areas of the DIFX for seeking issuers include the Middle East and North Africa, as well as South Africa, Turkey and the Indian sub-continent.

The exchange launched in September 2005 and currently has 20 Members - ABN AMRO, Abu Dhabi Commercial Bank, Arbuthnot Securities, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank, EFG-Hermes, Hichens, Harrison & Co, HSBC, ING Bank NV, Jefferies International, KAS BANK, Morgan Stanley, Merrill Lynch, Mashreq Capital (DIFC), NBD Investment Bank, SHUAA Capital, Standard Chartered and UBS.

Issuers on the DIFX: Equities - Albaraka Banking Group (ordinary shares), Citigold Corporation (ordinary shares), Fortune Management (ordinary shares), Gold Fields (American depositary shares), Hikma Pharmaceuticals (global depositary receipts), Kingdom Hotel Investments (ordinary shares), Man Industries (India) (global depositary receipts), Rana Sugars (global depositary receipts); Bonds - MashreqBank (Euro Medium Term Notes), National Bank of Dubai (Euro Medium Term Notes); Islamic products - Aabar Sukuk (Sukuk), DIB Sukuk (Sukuk), Nakheel Development (Sukuk), Ports, Customs and Free Zone Corporation (Sukuk), TID Global Sukuk (Sukuk); Structured Products - Deutsche Bank (certificates over indices).

The regulator of the DIFX is the Dubai Financial Services Authority. The DIFX is located in the Dubai International Financial Centre (DIFC) and its owner is DIFC Investments.
www.difx.ae

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