Jeff Singer of the Nasdaq Dubai thinks a task force can help increase trading levels.
I do not think any one action in isolation will fix the markets and increase trading levels sufficiently.
I do think it will be a combination of decisions made by UAE authorities, market regulators, exchanges and business leaders that will enable the markets to recover at a faster rate.
Because different parties with different areas of authority are required, my first recommendation is a special task force be created that has representation from the following organisations or companies:
Regulators: the Securities and Commodities Authority; and Dubai Financial Services Authority.
Stock exchanges: Dubai Financial Market; Abu Dhabi Securities Exchange; and Nasdaq Dubai.
Practitioners: a global custodian; a banker; a consultant; and a lawyer.
Official bodies: various authorities in the UAE with capital markets expertise that could contribute valuable insights and suggestions.One of the most important aspects of this task force is that it would operate under the direction of the Ministry of Economy; this makes a clear statement that it is important at the federal level.
The task force would be mandated to identify the capital market's problems and then propose policy, regulation and procedures to address the issues.
These recommendations would be not only broad in their reach but also specific in the detail.
Recommendations should not be deemed as good on paper, but impractical in execution.
The task force would not be intended to be a permanent UAE fixture, but an ad hoc committee designed for a specific purpose and would be disbanded when the markets were deemed to be in a state of recovery.
Thor: Love and Thunder
Director: Taika Waititi
Stars: Chris Hemsworth, Natalie Portman, Christian Bale, Russell Crowe, Tessa Thompson, Taika Waititi
Rating: 4/5
The Boy and the Heron
Director: Hayao Miyazaki
Starring: Soma Santoki, Masaki Suda, Ko Shibasaki
Rating: 5/5
If you go
The Flights
Emirates and Etihad fly direct to Johannesburg from Dubai and Abu Dhabi respectively. Economy return tickets cost from Dh2,650, including taxes.
The trip
Worldwide Motorhoming Holidays (worldwidemotorhomingholidays.co.uk) operates fly-drive motorhome holidays in eight destinations, including South Africa. Its 14-day Kruger and the Battlefields itinerary starts from Dh17,500, including campgrounds, excursions, unit hire and flights. Bobo Campers has a range of RVs for hire, including the 4-berth Discoverer 4 from Dh600 per day.
The biog
Name: Timothy Husband
Nationality: New Zealand
Education: Degree in zoology at The University of Sydney
Favourite book: Lemurs of Madagascar by Russell A Mittermeier
Favourite music: Billy Joel
Weekends and holidays: Talking about animals or visiting his farm in Australia
Managing the separation process
- Choose your nursery carefully in the first place
- Relax – and hopefully your child will follow suit
- Inform the staff in advance of your child’s likes and dislikes.
- If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
- The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
- Be patient. Your child might love it one day and hate it the next
- Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.