Dubai Stock Exchange

Dubai is amongst the wealthiest emirates in the United Arab Emirates which is basically very popular all over the world for its gigantic building, rapid educational development, accredited universities, beautiful shopping malls, top-class restaurants, and remarkable vacation spots. Since city is industrial centre, the Dubai stock exchange is strong, well established provides job to many people. The city is not only a shopping paradise for the travelers but also is a main industrial hub as it yields more than 90% profit of the country. The largest proportion of revenue is churned out from non-oil sectors such as restaurants, eateries and shopping spots so it won’t be wrong that the place is taking a major role in the growing the GDB of U.A.E.

At the same time, different aspects of Dubai are emerging as strong financial hubs. The development of DIFC, DIFX, and so many other stock exchange portals prove that the city is flourishing day and night. The important thing is that all off-shore communities are held according to international standards when it comes to rules, regulations, and codes of business, dealing, and basic business values. All financial centers of other countries have started to promote their establishments in Dubai to gather fame and respect.

However, there are some sectors in the area that are influencing the Dubai stock Exchange market and financial condition individually. The sluggish economies of Japan and other countries have forced the business owners to invest money in profitable opportunities and they are seeking to build their ownership in the emerging market of Dubai as they know there is a chance to earn maximum profit if they would put the money where their mouth is. Since the government of Dubai is encouraging foreign investors to come forth, it will definitely reduce their dependency on oil revenues. It is making different plans to attract the investors of other countries such as provision of tax-free business and land. By offering 100% ownership to the businessmen, the government is trying to establish a successfully economy silently.

Dubai stock exchange is directly dependent on the oil prices yet it has rarely seen a downtime over the last few years. With the GDP as high as 93%, the stock exchange market is offering new avenues to explore- all investors are acknowledging the profitability of the field and now they are seriously looking to expand their business in non-oil resources such as education and information technology sectors. Real-estate is another emerging field and area of interest after tourism and stock trading in Dubai. [Source]