Nasdaq Dubai, a Stock Exchange , and Menacorp, a leading brokerage in the United Arab Emirates (UAE), announced this Monday that they would join forces to raise investor awareness across the Middle East and North Africa (MENA) region.
Specifically, the two companies aim to inform investors within the MENA region of the investment opportunities available to them, with a particular focus on equity futures and asset classes such as equities, Sukuk and conventional bonds.
The campaign between Nasdaq Dubai and Menacorp, a brokerage which focuses on equities, will include joint roadshows in GCC and other MENA countries. In addition, they will also provide digital outreach initiatives to institutions and individuals, the statement said.
Hamed Ali
Commenting on the partnership, Hamed Ali, Chief Executive of Nasdaq Dubai, said: “Our joint mission with Menacorp will publicise the expanding opportunities that are available in the UAE capital markets and beyond, both to investors that are already active and new potential investors including funds and individuals who have not yet participated. The UAE markets offer many attractive possibilities for increasing and preserving wealth that are available to investors based in MENA region countries and elsewhere.”
European Brokerages Eye Opportunities in MENA
The MENA region is becoming a growing hotspot for brokerages, with Dubai being a particularly popular destination. An increasing number of United Kingdom and Europe-based brokerages are setting up shop in the region such as ATFX and more recently, HF Markets, more commonly referred to as HotForex.
Fathi Ben Grira
Source: Menacorp
“Our outreach will explain the various routes through which investors outside the UAE can gain easy access to trade the UAE markets, and how the products available here can be incorporated into various trading strategies. The UAE plays a leading role in the region in terms of the quality and diversity of its asset classes plus the trading infrastructure and Regulation that underpin them,” added Fathi Ben Grira, Chief Executive of Menacorp.
