DIFX ushers in a new era for the Middle East

It will also open the doors and enable international investors to access a sophisticated platform that will stimulate the capital markets region-wide, stated Shehab Gargash, Managing Director of Daman Securities.

"DIFX represents a perfect gateway for channeling the region's abundant liquidity and will help companies penetrate the currently untapped GCC capital markets. Daman Securities, as a leading regional financial services firm, has chosen to be with the DIFX from inception, in line with the company's strategic initiatives that recently saw the launch of (The Buildings By Daman), its prestigious real estate development at DIFC ." said Mr. Gargash, at the DIFX launch today.

"Daman is committed to growth in the financial services sector of the regional economy and takes great pride in the phenomenal growth of our local and regional markets. We are certain that the entry of the DIFX will enrich and benefit everyone by its presence in the region and on the international scene," added Mr. Gargash.

"Given the measures already in place, there is no doubt that global corporations will find DIFX a sophisticated platform to raise capital. This will further elevate the worldwide stature and standing of the UAE as a truly international financial services hub placing the country on the financial service map among leading international financial centers," said Mr. Gargash.

DIFX seeks to attract multinational corporations, with strong regional brand-name recognition, who prefer to expand beyond physical borders to target regional and international investors.

The launch of the DIFX will mark a new beginning for Dubai and the UAE, as it will usher in a new capital market of international standard with state of the art clearing & settlement procedures and a strong regulatory body.