![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
Abu Dhabi Planning To Launch ETFs
IndexUniverse Staff (October 16th, 2008) Writes:
Abu Dhabi, the major Middle East financial center, says it's preparing to create a platform to launch exchange-traded funds.
In detailing plans on Thursday, Rashed Al Baloushi, the deputy chief executive of the Abu Dhabi Exchange (ADX), credits increasing ETF demand by retail and institutional investors in the Middle East for the exchange's decision to build an ETF-specific platform.
Across the Middle East, ETFs and other traded securities are proving more popular and catching the attention of exchanges. The Dubai International Financial Exchange (DIFX), as well as exchanges in Oman and Saudi Arabia, have also shown interest in adding ETFs.
The latest ETF plans are also part of ambitious efforts by many Middle East markets to diversify away from oil wealth and become true, global financial centers.
Earlier this year, the Abu Dhabi Securities Market
...Abu Dhabi, Bank, Barclays, Borse Dubai, Egyptian Stock Exchange, Eric Rosenbaum, Europe, Exchange Traded Funds, index universe, Investing in Oman, Investing in Qatar, London Stock Exchange, Middle East, nasdaq, Nyse Euronext, oil wealth, Oman, Qatar Financial Authority, Rashed Al Baloushi, retail, Saudi Arabia, Turkey, Turkey, United Arab Emirates, United Arab Emirates, USD
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.