Borse Dubai is a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

in the

United Arab Emirates The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab E ...

. It is the

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

for

Dubai Financial Market The Dubai Financial Market (DFM) () is a stock exchange located in Dubai, United Arab Emirates. It was founded on 26 March 2000. Overview , there are 67 companies listed on DFM. Most of them are United Arab Emirates, UAE-based companies and a fe ...

(DFM) and NASDAQ Dubai (formerly known as DIFX). Borse Dubai was created 6 August 2007 to consolidate the Government of Dubai's two stock exchanges as well as current

investments Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

in other exchanges, expanding Dubai's position as a global

capital market A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers ...

hub. Borse Dubai's growth mandate is extracted from the 2015 Dubai

Strategic Plan Strategic planning is the activity undertaken by an organization through which it seeks to define its future direction and makes decision making, decisions such as resource allocation aimed at achieving its intended goals. "Strategy" has many def ...

which has defined

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

and

capital markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ...

as a key focus area to support the development and growth of regional capital markets to the highest international standards. This is complemented with Dubai's strong heritage of building global leaders in selected industries. In September 2007, Borse Dubai secured 28% of

London Stock Exchange Group London Stock Exchange Group plc, also known as LSEG, is a global provider of financial markets data and infrastructure headquartered in London, England. It owns the London Stock Exchange (on which it is also listed), Refinitiv, LSEG Technol ...

as part of a wider deal with the US-based

Nasdaq, Inc. Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange (on which it is also listed), the Philadelphia Stock Exchange, and ...

designed to settle their long-running battle for control of the

Stockholm Stockholm (; ) is the Capital city, capital and List of urban areas in Sweden by population, most populous city of Sweden, as well as the List of urban areas in the Nordic countries, largest urban area in the Nordic countries. Approximately ...

-based exchange and telecommunications operator OMX. However, the move enraged the

Qatar Investment Authority The Qatar Investment Authority (QIA; ) is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In November 2024, the QIA had an estimated $526 ...

, which believed it was close to clinching a deal to buy much of the LSE stake for itself. Following completion of the Nasdaq OMX deal, Borse Dubai's holding of Nasdaq's common stock is 18.1%.2021 Proxy Statement
/ref> It has obtained a license from the

U.S. Congress The United States Congress is the legislative branch of the federal government of the United States. It is a bicameral legislature, including a lower body, the U.S. House of Representatives, and an upper body, the U.S. Senate. They both ...

to do so, as well as being approved by the

U.S. Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...

References

External links

Official Website
Financial services companies established in 2007 Stock exchanges in the United Arab Emirates {{stockexchange-stub