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DIFX Targets Retail Investors In UAE

by Lorys Charalambous,, Cyprus

07 November 2006

The Dubai International Financial Exchange (DIFX) has held a seminar for brokers, to explain how retail investors in the United Arab Emirates (UAE) can easily trade securities on the DIFX.

The seminar, held last week, was attended by prominent brokers including DIFX Members and UAE brokers that are not Members.

Nasser Alshaali, Chief Operating Officer of the DIFX, explained: “Ordinary retail investors can route trades on the DIFX through a UAE broker that has an appropriate relationship with a DIFX Member.”

Seif Fikry, head of EFG-Hermes Brokerage (UAE) added: “As a UAE broker, we are regulated by the Emirates Securities and Commodities Authority (ESCA). We are able to trade DIFX securities for retail investors through another subsidiary of the EFG-Hermes group, which is a DIFX Member We are pleased to be in a position to offer participation in this exciting exchange to a broader base of investors."

The DIFX, which is regulated by the DIFC, is the region’s international exchange, and has attracted 22 listed securities since it opened in September 2005. Companies listed include Albaraka Banking Group, Fortune Management, Kingdom Hotel Investments and Gold Fields.

Mr. Alshaali added: “The DIFX has been established according to international standards to attract a wide variety of investor, both wholesale and retail. Its regulations are designed to facilitate access by them to DIFX securities.”

A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at and a description of the report can be seen at

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