Russian market, latest addition to 'Global Reach' by TAIB Securities

TAIB Securities WLL - the brokerage arm of TAIB Bank announced that its clients can now start trading in the Russian Stock Markets (RTS which is dollar based exchange and MICEX which is a ruble based exchange) through its 'Global Reach' Platform.

United Arab Emirates: Wednesday, January 30 - 2008 at 14:45
PRESS RELEASE

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'The introduction of Russia under the 'Global Reach' Platform underscores our continuous commitment to the clients in terms of increasing their ease of access to the global equity markets and is a reaffirmation of the leadership of TAIB in the provision of global equity brokerage to clients in the GCC region.' Said Syed Zahiruddin, General Manager of TAIB Securities WLL.

Russia is one of the top-10 economies of the world and is a member of the premier Emerging Market Grouping - BRIC (Brazil, Russia, India and China), its economy is estimated to have grown by over 7% in 2007.

Jamal Al Sheikh -Assistant General Manager at TAIB Securities WLL added 'Russia is a major potential attractive investment destination for clients in the region as the confluence of economic factors (high economic, robust fiscal and external sustainability, and surging corporate sector growth) and market factors (undervaluation with respect to BRIC peers and humungous liquidity) should result in healthy returns in both absolute and relative terms in the near to medium term'.

With this development, the total number of stock markets accessible under this platform has increased to 39 including Turkey and India.

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About TAIB securities W.L.L
TAIB Securities W.L.L., established in 1994, offers both multi-lingual, broker-assisted and state-of-the-art online trading services to an institutional and private clientele. Its highly rated proprietary GCC research is published regionally and is also available free of charge to registered subscribers.

For additional information, please contact Shaima Aseeri, Media Communications Manager: (973) 17-549-454.

Posted by Lara Lynn Golden, News Editor
Wednesday, January 30 - 2008 at 14:45 UAE local time (GMT+4)

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