Al Ramz Securities is the recipient of NASDAQ Dubai’s inaugural Retail Broker of the Month Award

In July 2012, Broker handles 75 per cent of members’ total

Al Ramz Securities, one of the UAE’s leading brokerage houses, has been named the recipient of NASDAQ Dubai’s inaugural Retail Broker of the Month Award. Al Ramz was honored for handling 75 per cent of the total retail trade done by NASDAQ members for July 2012.

A congratulatory message was displayed at the NASDAQ Tower in New York, USA, highlighting the achievement of Al Ramz in full view of the global securities industry. Aside from NASDAQ Dubai, Al Ramz is also a member of the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM). Since market inception, Al Ramz has been consistently ranked among UAE’s top brokers.

“This is truly a proud moment for Al Ramz. To be honored in such a way by the second-largest stock exchange by market capitalization in the world reflects the success of our ongoing efforts to enhance our manpower, streamline our processes, boost our qualifications and reinforce our customer services. We commend our hard-working team for the exceptional effort they did to accommodate retail trades for July. This is turning out to be another banner period for Al Ramz as we capitalize on brighter market prospects moving towards the last few months of 2012,” said Mohammad Al Mortada Al Dandashi, Partner & Managing Director, Al Ramz Securities.

Al Ramz Securities is the first locally-based brokerage company licensed by the Emirates Securities and Commodities Authority (ESCA) to provide advisory services for customers. The Abu Dhabi-based company provides retail and institutional services via branches in Abu Dhabi, Al Ain and Dubai. Al Ramz was recently authorized by ESCA to provide brokerage services outside UAE.

Why finance heads more than ever before hold the key to economic recovery

 Since the onset of the global economic recession in 2008, the role of finance heads in the Middle East has become even more critical. Everyone from the CEO to junior members of staff needs their expertise to be able to cope with volatility on both micro and macro-economic levels.

And given recent mixed growth expectations in the region, input from CFOs will continue to be influential to an organisation’s success. Although manufacturing and technology sectors are predicting growth figures for Q3 of 15%, the financial services sector declined sharply from 16.2% to 6.3%.

To achieve continued growth, companies are primarily focusing their efforts on existing markets, with only 18% of their time spent pursuing new markets. Other priorities include reducing direct and indirect costs, fixed asset efficiency and working capital.

With many companies taking as much cost as they can out of their business without actually destroying value, they’re now looking to grow their top line. And in an environment where developed markets are unlikely to grow significantly over the next few years, a shifting allocation of resources to rapid-growth markets is becoming a strategic necessity for organisations in the MENA region.

Which is why up to 100 of the Middle East’s top CFOs are attending the 6th Annual CFO Strategies Forum Middle East on October 10th and 11th at Atlantis – The Palm hotel and resort in Dubai. All will have the opportunity to discuss their most pressing issues and share best practices for navigating through the current economic climate.

The two-day platform is the brainchild of French business information group naseba, and its new format features 8 strategic business workshops led by industry experts addressing subjects such as effective project financing, enterprise risk management and financial restructuring.

Sophie Le Ray, Chief Executive Officer at naseba highlighted: “This forum is bringing together some of the most respected CFOs in the region. With the ongoing Eurozone crisis, emerging markets in the MENA region hold great potential; this is why our new format incorporates knowledge-sharing, discussions and networking opportunities so attendees can learn, share and apply tried and tested growth strategies.”

ABOUT naseba

naseba produces, promotes and hosts business summits, professional training courses and business exhibitions targeting executive level attendees across multiple industries. Each event is focused on re-education, networking and creating a deal-flow platform for all participating organisations. Whether it is raising capital, expanding to a new market, vendor sales contracts or sourcing a strategic partner, naseba facilitates and supports clients’ business development.
Our team of experts conducts extensive research in conjunction with recognised thought leaders to ensure that all events are relevant, timely and at the forefront of market and industry trends.

naseba collaborates with leading media, industry and local authorities, such as International Data Corporation (IDC), International Business Consultancy Group (IBCG), Saudi Trading and Resources Co. Ltd. (STAR Group Holdings), HIL International Lawyers & Advisers (HIL), International Herald Tribune, CNBC Arabia, Zawya, Council of Saudi Chambers, Asharqia Chamber, Abu Dhabi Health Authority, Ministry of Health – UAE, Ministry of Economy – UAE, Ministry of Environment and Water – UAE, Egyptian Ministry of Civil Aviation, Qatar Civil Aviation Authority, Ministry of Municipality and Urban Planning – Qatar, Privatization and Investment Board (PIB) – Libya, Principality of Monaco, Singapore Tourism Board, Malaysia Airports Holding Berhad, Department of Civil Aviation – Malaysia and many others.

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Since its inception in France in 2002, naseba has organised over 400 events and played host to 58,000 executive delegates globally. Operating from four strategically located offices, naseba has on-the-ground presence in Monaco, Cairo, Riyadh, Dubai, Bangalore and Kuala Lumpur.


Cityscape Global names Turkey as 2012 Country of Honour as economic growth and robust development pipeline attract investor interest


Major Gulf investors are turning their attention to Turkey where one of the region’s fastest growing real estate markets is being built by a prosperous national economy, according to industry experts.

In a study released this week, global real estate specialists Jones Lang LaSalle reports that sovereign wealth funds, investment funds and private equity funds from the Gulf region are among those redirecting their growth plans towards Turkey in the wake of worsening economic instability in Western Europe.

The new law of reciprocity introduced into the market in May 2012 which allows foreign nationals to invest in Turkey and eases foreign investment restrictions has sparked significant investment in development, paving the way for a number of deposits on property from residents in Gulf nations.

In recognition of the trend, leading Turkish real estate developers are now stepping up efforts to target Gulf investors, and will have a major presence at Cityscape Global, the real estate industry’s most prominent event in the region.

Inquiries received by Cityscape from investors across the Gulf, as well as Turkey’s strong underlying fundamentals, consumer confidence and political stability have earned Turkey the official 2012 Country of Honour status and the largest international pavilion at the exhibition, which runs from 2-4 October 2012 at the Dubai International Exhibition Centre.

Jones Lang La Salle, which will be among the big international exhibitor line-up in Dubai, believes these are all factors which can increase Gulf investment in the country’s real estate sector, particularly in retail.

“We are seeing interest in Turkey from a range of investors including sovereign wealth funds, investment funds and private equity funds which have all strongly revived in 2012,” said Kivanc Erman, the company’s Director of Capital Markets & Advisory for Turkey.

“As a whole, Turkey has been less affected by the global economic crisis which has been central in bringing more positive attention compared to its Western European counterparts.  Turkey’s rising levels of transparency have also played their part here. A free flow of information added to a fair and constant application of local property laws is a big incentive for foreign direct real estate investment.”

Retail development in Turkey is seen as a priority market for Gulf investors. Turkey saw 13 new shopping centres open in the first half of 2012 – including the 43,500sqm Trump Towers – while major projects in the pipeline include the 139,500sqm Mall of Istanbul.

According to Jones Lang La Salle research, commercial office market demand also remains strong as a multinationals attracted by a healthy economy look to Istanbul as a regional business hub.  Approximately 42,000sqm of office space entered the Istanbul office market alone in the first half of 2012, with 3.7 million square metres expected to be completed by the end 2013. Prime office rent, which has remained at EUR30 per square metre since the second half of 2009, is expected to remain constant in 2012 due to a strong pipeline supply.

Wouter Molman, Exhibition Director for Cityscape Global said: “Partnership opportunities in Turkey will play a big role this year and will give key players the chance to share strategy as investors increasingly look towards this emerging market.”

“By successfully running real estate events around the globe for more than a decade, Cityscape plans to leverage its expansive network spanning millions of real estate professionals and investors to put the spotlight on Turkey while the iron is hot.”

Highlighting Turkey’s key market strengths for direct foreign investment, the national economy is set to grow by four per cent in 2012, according to a Medium Term Economic Programme report commissioned by the Turkish government.  The projection follows Turkey’s 3.2 per cent GDP growth in the first quarter of 2012 and the 8.5 per cent growth in 2011.

The Cityscape Global exhibition will bring investors face to face with Turkish real estate developers such as Agaoglu, GAP Insaat, Tahincioglu, ENS Project Development and architect Tabanlioglu.

The co-located Global Real Estate Summit will dedicate the morning of October 3rd exclusively to Turkey. Panel discussions organized in partnership with GYODER, the Turkish Association of Real Estate Investment Companies, will address key development and investment opportunities, as well as macro economic and regulatory updates.

Cityscape Global also features the Cityscape Awards for Emerging Markets on 3 October, as well as three dedicated conference programmes, including the aforementioned Global Real Estate Summit, the World Architecture Congress and the Retail City Conference.  The exhibition is supported by its Foundations Sponsors Emaar, Dubai Properties Group and Nakheel, with Barwa as Strategic Sponsor.

Cityscape Global runs from 2 -4 October 2012 at the Dubai International Convention and Exhibition Centre.  Visitor pre-registration is now open.