Abu Dhabi Securities Exchange (ADX), have unveiled a new five year strategic plan to promote foreign investments, to set a regulatory framework, and also to introduce new investment instruments.
ADX is constantly working in association with the Emirates Securities and Commodities Authority (ESCA) to complete the regulations related to listing Exchange Traded Funds (ETFs). Listing ETFs will help in attracting foreign investors in the market. ADX is also making many amendments in order to introduce various government bonds to establish the debt market. This will be used as a standard and benchmark for introducing bonds in any developed country.
The value of foreign investments has witnessed a surge during the first quarter of 2008 as compared to year 2006 and 2007. Talks are going on with concerned entities in the government in order to introduce more government bonds, which will help in promoting the market.
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