Dow jones indexes to strengthen presence in the middle east.Dow jones Dow Jonesthe best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance indexes to strengthen presence in the middle east Dow Jones Indexes, a leading global index provider, increases its presence in the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. by opening an office in Dubai, its first in the Middle East. The office begins operations immediately and will handle business activities in the Middle East region. The Dubai office will provide client support, manage client relations, promote and support Dow Jones Indexes' conventional as well as Shari'ah compliant products, and develop new licensing opportunities in the Middle-East and North Africa region. Dow Jones Indexes' expansion reflects the increasing interest in Middle East financial markets in recent years. As one of the most important financial hubs in the Middle East, Dubai presents a strategic location to support Dow Jones Indexes' clients in the region. "Dubai is the premier gateway to the Middle East and is well recognized for its role in Islamic Finance. Dow Jones Indexes pioneered the Islamic index space by launching the Dow Jones Islamic Market Indexes in 1999," said Michael A. Petronella, president of Dow Jones Indexes. "Our new office in Dubai confirms the commitment to our clients in the region and marks another major step in our objective to broaden our activities and services," he added. The Dubai office will offer integrated index solutions based on the entire Dow Jones Indexes family, including the Dow Jones Islamic Market and the European Dow Jones STOXX index families. Dow Jones Indexes and STOXX Ltd. now have 18 offices worldwide: Boston, Chicago, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Princeton, Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi , Santiago, Sao Paolo, Frankfurt, London, Madrid, Paris, Stockholm, Zurich, Dubai, Beijing, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Singapore. [c] 2008 Al Bawaba (www.albawaba.com) |
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