2013-10-29 12:13:25 - Successful bid to boost UAE’s global visibility, draw more investors to local financial sector
October 29, 2013
MENACORP, the UAE’s leading brokerage house, has today (Tuesday, October 29, 2013) held a special event at the headquarters of the Dubai Financial Market (DFM) to show its full support for Dubai’s bid to host the World Expo in 2020.
Dubai is currently leading Izmir, Turkey; Yekaterinburg, Russia; and São Paulo, Brazil in the candidacy for hosting Expo 2020. Should Dubai win, then it will become the first-ever Middle Eastern state to accommodate the event in its 160-year history. A Dubai Expo 2020 will energize various sectors ranging from construction to hospitality during its projected six-month duration.
MENACORP notes that the expo will especially benefit the financial sector of the UAE, bringing in substantial business for key players such as
DFM. Company CEO Fathi Ben Grira and Managing Director for Brokerage Nabil Al Rantisi graced MENACORP’s rallying event for a local edition today. Hamed Ali, NASDAQ Dubai CEO; Hassan Abdulrahman Al Serkal, Executive Vice President, Chief Operations Officer, and Head of Operation Division at DFM; and Ahmad Mohammed Al Jaziri, Head of the Corporate Services Division and Senior Vice-President at DFM were also present to lend additional support. A number of media members attended as well.
“A successful Expo 2020 bid by Dubai would be socially and economically transforming. We can thus see a lot of cooperation going on between the government and the private sector to ensure that the city seals a win. For our part, MENACORP aims to encourage the financial sector to lend its full support through initiatives such as this event that highlight the importance of Dubai Expo 2020,” said Fathi Ben Grira, CEO, MENACORP.
MENACORP is an award-winning financial services group catering to the entire Middle East and orth Africa region. Based in Abu Dhabi, MENACORP offers investment banking, securities brokerage, asset management and financial research services. Its main shareholder is the Bin Hamoodah Group, one of the largest and most diversified Emirati conglomerates. It is currently cooperating with members of the UAE’s financial community to help boost Dubai’s Expo 2020 candidacy.