Posts tagged ‘Finance’

DIFX renamed to Nasdaq Dubai

logo The Dubai International Financial Exchange (DIFX) has announced that it will be known as Nasdaq Dubai from November 20, after Nasdaq OMX, which runs the Nasdaq stock exchange in New York, decided to list its shares in the Dubai bourse.

The decision comes after Nasdaq OMX bought a one-third stake in DIFX in February. The remaining stock is owned by Bourse Dubai. The world’s largest exchange company, US-headquartered Nasdaq OMX owns and operates seven European stock exchanges in the Nordic and Baltic regions, apart from the New York bourse.

In a posting on its new website, Nasdaq Dubai said its region will include the United Arab Emirates and the rest of the Gulf Cooperation Council (GCC), the wider Middle East and North Africa, Turkey and the Indian subcontinent.

“Through the exchange, regional and international issuers can access regional and international investment. International issuers can access investment from the region, through a primary or dual listing,” the website posting read.

The new Dubai bourse rebranding is significant given the emerging importance of the Gulf in the face of the global financial crisis.

With strong liquidity boosted by surging oil revenues, Gulf countries are collectively emerging as key player in the world economic order.

November 18, 2008 at 1:19 pm Leave a comment

Gujarat International Finance Tech-City – GIFT

Projected to be completed by 2017, GIFT is conceptualized as a global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked financial centers. It shall be supported by state of the art internal infrastructure encompassing all basic urban infrastructure elements along with an excellent external connectivity.

The Project Site for GIFT is located at a distance of about 12 kms from the Ahmedabad International Airport and 8 kms from Gandhinagar. The site is in close proximity to the National Highway (NH8) which is a four lane facility and connects Ahmedabad and Delhi on its western periphery. The western periphery of the site abuts the Sabarmati river banks.

Landmark Buildings:

Gujarat Chief Minister Narendra Modi’s Dream Project:

Slideshow image

GIFT would be designed to meet the following needs:

People

Business environment

State-of-the art infrastructure benchmarked to global standards

Integrated townships

Potential for being structured as an SEZ with associated benefits

The infrastructure that could exist at GIFT is briefly articulated hereafter:

  1. Completely Wired City: GIFT would be completely wired City equipped with High Speed IP based networks.
  2. Connectivity to International Fibre Landing System (IFLS): It is proposed to have firm links and connectivity to IFLS for GIFT to ensure infinite bandwidth.
  3. Wireless Access for Mobile users: The GIFT would offer ubiquitous broadband access, which will encourage work productivity, personal communication and entertainment on the go.
  4. Intelligent Buildings Services: The GIFT would use technology in building intelligent buildings
  5. Data Centres: The GIFT would build Information Data Centre (IDC) buildings in secure locations, fully connected to various premises within the proposed GIFT. The data centres would be equipped with disaster recovery facilities.
  6. Shared IT Services Centres: A high-tech totally wired city with advanced Data Centre facility would give rise to Shared Services Centres (SSCs). SSCs would focus on providing commonly used on-line transactional processing helping in providing plug-and-play solutions to the various businesses. This would also include access to National and Global Stock Markets.

For more info: visit http://www.gujintlfintecity.co.in/

November 15, 2008 at 5:20 am 2 comments


Blog Stats

  • 7,107 hits

Top Clicks

  • None