Nasdaq remote bell rings in Dubai

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai yesterday rang the Nasdaq OMX opening bell remotely at a ceremony held in front of The Gate in Dubai International Financial Centre (DIFC). This is the first time that Nasdaq OMX, the world's largest exchange company, is holding the ceremony in the Middle East.

Sheikh Maktoum said: "The ringing of Nasdaq OMX's remote opening bell represents the global prominence that Dubai has gained in the global financial industry. Guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the emirate has seen exceptional development over the past few years. The ceremony today is a recognition of this growth."

The ceremony was also attended by Dr Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC), Essa Kazim, Chairman, Borse Dubai and Jeff Singer, Chief Executive Officer of Nasdaq Dubai.

The Nasdaq remote opening bell ceremony is a recreation of the daily opening bell that takes place at Nasdaq. The event is a symbolic ceremony that represents the start of the Nasdaq trading day, which brings together investors and market participants from around the world.

Dr Omar Bin Sulaiman said: "Dubai is rapidly rising in importance as a key channel for global capital flows and today's opening bell ceremony reinforces this status.

The rebranded Nasdaq Dubai exchange will enhance Dubai's position by tapping several new synergies between the technology, expertise and brand equity of Nasdaq OMX and the vast growth potential and emerging market access that Dubai offers."

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