Chairman of the Cairo and Alexandria Stock Exchanges invites DFSA Chairman to open trading

Notes and media contacts

For further information, please contact:

John Gilchrist
Director, Communications and Strategic Planning
Dubai Financial Services Authority
Level 13, The Gate
Tel: +971 (0) 4 362 1660
Fax: +971 (0)4 362 0801

Amber Dale / Lina Zain
Polaris Public Relations
Dubai, UAE.
Tel: + 9714 - 3348520
Fax:+ 9714 - 3341326

The Dubai Financial Services Authority (DFSA) is an independent, integrated regulatory authority responsible for the regulation of all financial and ancillary services conducted in or from the Dubai International Financial Centre (DIFC), including asset management, banking, securities trading, Islamic finance, re-insurance, and an international financial exchange. The DFSA has been created using principle-based primary legislation modeled closely on that used in London and New York, and the DFSA regulatory regime operates to standards that meet or exceed those applying in the world's major financial centres.

The Dubai Financial Services Authority (DFSA) is a central component of the DIFC, a new financial centre established to position Dubai as a recognised hub for institutional finance, and the regional gateway for capital and investment to the Middle East.

Dr Habib Al Mulla was appointed Chairman of the DFSA in June 2004. Dr. Al Mulla holds an LLB in Shari'a and law from the UAE University; LLM from Harvard Law School and a Ph.D. from the University of Cambridge. He is also the Managing Partner of Habib Al Mulla & Company, a leading law firm based in Dubai. Dr Al Mulla has been a Member of the UAE Federal National Council since 2002.