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ADX hosts city of London delegation

United Arab Emirates: Tuesday, February 17 - 2009 @ 14:09

“We are seeing an enormous amount of interest in Abu Dhabi from international businesses that have heard of the Economic Vision 2030 and believe there are excellent opportunities here,” said Rashed Al Baloushi, Deputy Chief Executive and Director of Operations at ADX. “The Government expects year on year real GDP growth of 7% by 2015,” he continued.

“There was particular interest in the new corporate governance code, which ADX listed companies are currently implementing, the development of more diversified investment products including exchange traded funds, debt securities and derivatives and continued investor education,”

he continued.

The delegation are in Abu Dhabi as part of the Lord Mayor of the City of London’s visit and included representatives from the London Stock Exchange, JPMorgan, Invesco, HSBC, Ernst & Young.

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Tuesday, February 17- 2009 @ 14:09 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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