The Finance World Magazine| Edition: March 2023
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil. In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups. Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil.
In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups.
Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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the overall number of IPOs from the<br />
GCC increased from 20 issuances in<br />
2021 to 48 issuances in 2022.<br />
<strong>The</strong> sales increased over three times,<br />
reaching $23.38B. Saudi Arabia took<br />
the lead in the offers, with 34 of the 48<br />
GCC IPOs making their debut on the<br />
Tadawul or Nomu. However, the UAE<br />
took first place in terms of proceeds,<br />
as its 11 issues brought in more than<br />
half (59.7%) of the issuance revenues,<br />
or around $13.96B.<br />
Investing in the<br />
UAE stock market<br />
is typically done<br />
by opening a stock<br />
brokerage account<br />
with a local broker<br />
registered on one of<br />
the three UAE stock<br />
exchanges.<br />
Moreover, citizens of the Emirates<br />
frequently invest in stocks as a means<br />
of increasing their wealth, but how<br />
precisely can you do this in the UAE<br />
stock market? Whether you want<br />
to invest in the UAE market alone<br />
or in other foreign markets as well<br />
depends on your investment plan and<br />
preferences. Hence, we offer you two<br />
alternative ways to invest in stocks in<br />
the UAE. In order to assist you make an<br />
educated choice, we will discuss both<br />
solutions and highlight their essential<br />
components.<br />
1. Investment in the UAE’s stock<br />
market<br />
Opening a stock brokerage account<br />
with a local broker registered on one<br />
of the three UAE stock exchanges is<br />
the most frequent approach to invest<br />
in the UAE stock market (DFM, ADX<br />
or Nasdaq Dubai). Investors must also<br />
apply for a NIN investor number at<br />
the DFM to buy stocks on any of the<br />
listed exchanges. In the following,<br />
we breakdown basic actions you<br />
may take to invest in equities listed<br />
on local UAE exchanges:<br />
• Getting your own Investor<br />
Number (NIN):<br />
To begin, you must apply for an<br />
investor number by completing the<br />
Investor Number Request Form and<br />
submitting it to the DFM together<br />
with your signature and any needed<br />
evidence. You can apply online using<br />
e-Services, in person at the DMF<br />
trading floor, or by contacting a<br />
UAE-based broker.<br />
• Choosing the Right Stock Broker:<br />
Investors who do not have a trading<br />
licence must purchase stocks through:<br />
A local stock broker – You can<br />
pick and choose stock brokers on<br />
the DFM official website and sort<br />
them by their overall rating, A local<br />
UAE Bank – All of Dubai’s major<br />
banks (Abu Dhabi Commercial Bank,<br />
Standard Chartered, and ENDB)<br />
offer brokerage services to both<br />
foreigners and nationals living in<br />
the UAE. <strong>The</strong> Ras Al Khaimah<br />
Investment Authority as well is<br />
a UAE government agency offering<br />
brokerage services to UAE citizens.<br />
• Picking a Stock to Invest in:<br />
Choosing a stock to invest in should be<br />
based on your fundamental analysis<br />
and study of the company. As a<br />
beginner, avoid investing in small<br />
tech businesses you have never<br />
heard of and stick to the ones you<br />
are familiar with. Using your stock<br />
broker’s or bank’s copy trading or<br />
financial consulting services is an<br />
excellent method to get started.<br />
• Checking in which exchange list<br />
the stock is listed:<br />
Depending on where your preferred<br />
equities are listed, you may pick from<br />
three stock exchanges in the UAE<br />
(DFM, ADX, and Nasdaq Dubai). To<br />
have access to either exchanges, you<br />
must have a valid trading licence<br />
or utilise a stock broker that does.<br />
• Buying Stocks:<br />
To acquire a stock, you must first fill<br />
out a purchase form in which you<br />
specify which stocks and how many<br />
you wish to purchase. When the form<br />
is completed, it is submitted to one of<br />
the exchanges, and you will receive<br />
an ownership certificate verifying<br />
that you own the stock.<br />
2. Investment in the stocks of UAE<br />
and various other international<br />
stocks<br />
Use a more hands-on approach and<br />
create an account with one of the online<br />
stock brokers if you want to invest in<br />
overseas equities in addition to the UAE<br />
stock market. For investors wishing<br />
to purchase foreign equities, online<br />
stock brokers provide a more practical<br />
option to invest in the market. As with<br />
anything else, doing an action online is<br />
quicker and simpler than performing it<br />
in person. Users of online stock brokers<br />
may invest in a variety of markets and<br />
asset classes from a single dashboard<br />
and from any location in the globe.<br />
Additionally, users are not required<br />
to hold a TIN tax number or a NIN<br />
investor number. Additionally, using an<br />
online broker allows you to test your<br />
trading strategies with fictitious funds<br />
and learn a tonne of information using<br />
their instructional resources.<br />
Most Traded stock exchanges in UAE<br />
1. Dubai Financial Market (DFM):<br />
More than 170 Sharia-compliant<br />
enterprises are listed on the<br />
DFM, which was formed in 2000.<br />
<strong>The</strong> Securities and Commodities<br />
Authority (SCA), which oversees<br />
the DFM, prohibits companies that<br />
are deemed “haram” from being<br />
listed there.<br />
2. Abu Dhabi Securities Exchange<br />
(ADX):<br />
<strong>The</strong> ADX, which was established<br />
in 2000 and has offices in Ras Al<br />
Khaimah, Al Ain, Fujairah, and<br />
Sharjah, facilitates trading between<br />
UAE businesses.<br />
3. NASDAQ Dubai:<br />
<strong>The</strong> Dubai International Financial<br />
Center (DFIC) is home to the NASDAQ<br />
Dubai, which was established in 2005<br />
and lists both domestic and foreign<br />
businesses. On the NASDAQ Dubai,<br />
organisations like the Middle East<br />
and Real Estate Investment Trust<br />
and the Bank of London are listed.<br />
<strong>March</strong> <strong>2023</strong> www.thefinanceworld.com 81