http://www.gulfnews.com/business/Banking_and_Finance/10086400.html <http://www.gulfnews.com/business/Banking_and_Finance/10086400.html>
Banking and Finance Published: 01/12/2006 12:00 AM (UAE) Vazhisojan Godhandapani/Gulf News The DIFC is illuminated on the occasion of its second anniversary. DIFC now largest bourse for Islamic sukuks By Arif Sharif, Staff Reporter Dubai: As many as 307 companies have registered with the Dubai International Financial Centre (DIFC) in two years, a top government official told a gathering of the country's business leaders and added that its exchange is now the largest bourse for Islamic sukuks. Dr Omar Bin Sulaiman, DIFC governor, said, "The number of companies registered with the DIFC has gone up from 204 in the first year of operation to 307 as of yesterday, the second year of operation. "In these two years, we also have become a centre for Islamic banking. During this period, we have also become the largest exchange for Islamic sukuks." He said the DIFC's success reflects the growth witnessed in the market. "The region is witnessing a solid economic growth and the DIFC is well positioned to tap this opportunity," he said. DIFC yesterday celebrated its second anniversary with a lavish celebration that reflected the region's largest financial free zone's success. The celebration also concluded an eventful DIFC Week that brought some leading global financial leaders who shared their thoughts on the global financial markets. "In recent years, we have created a favourable economic environment for local and foreign businesses. Sharply rising oil prices have produced enormous increases in wealth for oil-producing countries," Sulaiman told delegates at a conference on Wednesday. "And we are now witnessing petrodollars being spent at home as a result of rising populations with sizable development and infrastructure needs. This, alongside the rise of attractive business opportunities and high returns, has prompted a move of wealth back to the region." [Non-text portions of this message have been removed] -------------------------- Want to discuss this topic? Head on over to our discussion list, [EMAIL PROTECTED] -------------------------- Brooks Isoldi, editor [EMAIL PROTECTED] http://www.intellnet.org Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] *** FAIR USE NOTICE. This message contains copyrighted material whose use has not been specifically authorized by the copyright owner. OSINT, as a part of The Intelligence Network, is making it available without profit to OSINT YahooGroups members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of intelligence and law enforcement organizations, their activities, methods, techniques, human rights, civil liberties, social justice and other intelligence related issues, for non-profit research and educational purposes only. We believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/osint/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/osint/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
