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There are three main exchanges in the UAE, the Dubai Financial Market, the Abu Dhabi Securities Exchange, and the Nasdaq Dubai.

The Dubai Financial Market (DFM) is an international stock market in Dubai, United Arab Emirates. On March 26, 2000, it was established. There are 178 listings on the exchange, and they are denominated in UAE dirhams.

The majority of them are UAE-based businesses, with a few dual listings for businesses headquartered in other MENA nations. Kuwait, Bahrain, Oman, and Sudan are among the foreign countries represented. Many businesses enable foreigners to invest in their stock.

There are 73 listings on the Abu Dhabi Securities Exchange, also denominated in UAE dirhams. On the other hand, Nasdaq Dubai serves as a facilitator for locals to access international markets that cover regional and worldwide Middle East stocks. Local issuers can access regional and worldwide investment through the exchange.

The United Arab Emirates and the remainder of the Gulf Cooperation Council (GCC), the wider Middle East and North Africa, Turkey, and the Indian subcontinent are all part of the NASDAQ Dubai exchange listings.

DFM, which bought two-thirds of NASDAQ Dubai’s shares from Borse Dubai and NASDAQ OMX Group in May 2010, is the company’s dominant stakeholder.

One-third of the shares are still owned by Borse Dubai. The Securities and Commodities Authority oversees and regulates both DFM and ADX (SCA). The SCA has the power to establish regulations and criteria that DFM and ADX must follow.

The Securities and Exchange Commission’s job is to guarantee that the laws are obeyed by the exchanges, as well as to safeguard the interests of investors, brokers, and publicly traded firms.

NASDAQ Dubai, on the other hand, is controlled by an independent regulator known as the Dubai Financial Services Authority (DFSA), which is similar to the Securities and Exchange Commission in the United States.

NASDAQ Dubai, unlike DFM and ADX, is an electronic exchange with no trading floor. It is located in the Dubai International Financial Centre (DIFC).

With a gross domestic product (GDP) of US$421 billion (AED 1.5 trillion) in 2020, the United Arab Emirates (or UAE) is the fourth biggest economy in the Middle East (after Turkey, Saudi Arabia, and Iran).

The UAE has been successful in diversifying its economy, notably in Dubai, but it remains largely reliant on petroleum and natural gas earnings, which continue to play a major role in its economy, particularly in Abu Dhabi.

In 2009, oil exports accounted for more than 85% of the UAE’s economy. While Abu Dhabi and the other UAE emirates have taken a cautious approach to diversification, Dubai, which has considerably fewer oil reserves, has taken a more aggressive strategy. Oil exports accounted for 77% of the UAE’s national budget in 2011.

Tourism is one of the UAE’s largest non-oil revenue streams, with some of the world’s most expensive hotels situated there. The UAE’s economy is diversifying thanks to a major building boom, a growing manufacturing base, and a booming services sector.

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