Abu Dhabi Securities Exchange is in discussions with two financial institutions to act as market makers.
The impact of having just one market-making institution was “not as positive as we were expecting”, said the chief executive Rashed Al Baloushi.
National Bank of Abu Dhabi is the sole market maker for the ADX, having begun operations in February.
“Now we are working to [have] more than one market maker in the business,” said Mr Al Baloushi on the sidelines of Abu Dhabi Securities Exchange’s annual conference yesterday.
“There is a talk with two other institutions to see market-making business.”
He declined to name the institutions or comment on whether one or both would be licensed.
Shares in ADCB, Aldar Properties, FGB, Waha Capital and Etisalat are included under the current market maker programme.
The ADX is also in discussions with several companies about potential public listings, including on the bourse’s secondary market. Mr Al Baloushi said that these companies were waiting for market conditions to improve before going public.
“These companies are waiting for the right time and right conditions,” he said, declining to give further details.
jeverington@thenational.ae
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if you go
The flights Fly Dubai, Air Arabia, Emirates, Etihad, and Royal Jordanian all offer direct, three-and-a-half-hour flights from the UAE to the Jordanian capital Amman. Alternatively, from June Fly Dubai will offer a new direct service from Dubai to Aqaba in the south of the country. See the airlines’ respective sites for varying prices or search on reliable price-comparison site Skyscanner.
The trip
Jamie Lafferty was a guest of the Jordan Tourist Board. For more information on adventure tourism in Jordan see Visit Jordan. A number of new and established tour companies offer the chance to go caving, rock-climbing, canyoning, and mountaineering in Jordan. Prices vary depending on how many activities you want to do and how many days you plan to stay in the country. Among the leaders are Terhaal, who offer a two-day canyoning trip from Dh845 per person. If you really want to push your limits, contact the Stronger Team. For a more trek-focused trip, KE Adventure offers an eight-day trip from Dh5,300 per person.
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Price, base: Dh315,000
Engine: 3.0-litre V6
Transmission: Seven-speed automatic
Power: 335hp @ 5,000rpm
Torque: 500Nm @ 1,370rpm
Fuel economy 5.9L / 100km
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COMPANY%20PROFILE%20
COMPANY%20PROFILE
Poland Statement
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Engine 4.7L V8
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Power 460hp @ 7,000rpm
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Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
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