Dubai
The Dubai Financial Market (DFM) was established in March 2000 as a secondary market for trading securities and
bonds, both local and foreign. As of fourth quarter 2006, its trading volume stood at about 400 billion shares, worth
$95 billion in total. The DFM had a market capitalisation of about $87 billion. The other Dubai-based stock
exchange is NASDAQ Dubai, which is the international stock exchange in the Middle East. It enables a range of
companies, including UAE and regional small and medium-sized enterprises, to trade on an exchange with an
international brand name, with access by both regional and international investors.
Dubai is also known as the City of Gold, because a major part of the economy is based on gold trades, with Dubai' 0