GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Government, Legal and Humanity

 
  Share

Adena Friedman shared insights on recent market movements at WGS 2018

Dubai-UAE: 13 February, 2018 –   “The rapid advancement of capital markets in the GCC region is hugely beneficial not just to local investors but also to international investors looking to get more involved in the stocks traded here,” said Adena Friedman, President and Chief Executive Officer of Nasdaq, on the second day of the sixth World Government Summit (WGS 2018) in Dubai.

In a session entitled ‘How to Tame a Volatile Market', Friedman shared her insights on a range of topics including the role of government in market movements and cryptocurrencies.

Nasdaq serves as a technology provider to 90 markets in the world and a technology partner to many of the exchanges in the Middle East, including Nasdaq Dubai and Tadawul in Saudi Arabia. 

Friedman said: “We've been working for many years in the region to advance the markets and their technology to ensure they provide a fair, transparent marketplace. As their economies continue to grow and expand, their capital markets are also expanding with them.”

Speaking on the recent market movements that triggered a wave of concern globally, Friedman dismissed any suggestions of algorithms or AI as the cause. “It was human reaction and emotion at work. As growth comes in, inflation becomes a risk, and some people saw it as the moment to cash out”.

She added: “The markets here have been doing a great job in terms of developing a robust regulatory oversight that allows for fair trading. The role of governments and regulation is to facilitate supply and demand as efficiently as possible and create a level playing field. Regulation should not hinder supply and demand but facilitate them effectively.”

In relation to cryptocurrencies, Friedman noted: “The American Securities and Exchange Commission (SEC) has determined that it is still too early to consider exchange-traded funds (ETFs) with respect to cryptocurrencies because of its unregulated nature.”

Government Summit 2018 runs from February 11 to 13 at the Madinat Jumeirah in Dubai. The landmark event convenes more than 4,000 participants from 140 countries, including heads of state and governments, as well as top-tier representatives of 16 international organizations.

Hosting more than 130 speakers across 120 interactive sessions, WGS 2018 features six distinct forums that examine the challenges of vital sectors for the future with a view to finding the best resolutions for the greater global good. Furthermore, over 20 specialized global reports spanning key sectors and topics of the summit are being launched during the event.



Posted by : GoDubai Editorial Team
Viewed 7296 times
Posted on : Tuesday, February 13, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ministry of Climate Change and Environment and Dubai Land Department Announce Report on ‘State of Pl...
Next Story : WGS 2018 Highlights Role of Citizens in Co-creating Government Services
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
The Rado HyperChrome Ultra Light
Chronoswiss Shows Off Twin Limited Edition Flying Grand Regulators
212 VIP Extra Limited Edition
Innovative, Adventurous and Accurate. It's what pilots need in a timepiece. And ...
The Valentine watch collection by Coach
NuFACE launches in Bloomingdales and Harvey Nichols!
Lenovo announces Lenovo Truscale™ Infrastructure Services – a consumption-based,...
Chrono 4 Grande Taille Limited Edition - another classy reiteration of an iconic...
The Fall 2019 Michael Kors Collection Runway Show
Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, bef...
SPRING 2019: MEET ‘CECE'
Lacoste Presents. 12. 12 Collection
Create a Valentine's meal to remember with LG
Airbus and Emirates reach agreement on A380 fleet, sign new widebody orders
UAE supermarket chain Al Maya group to launch products from Woolworths Australia
Valentines Day Gift Guide from Anker
Is the runway ready for HONOR View20 Moschino edition - the season's most covete...
Jaguar Land Rover expands Ingenium family with straight six-cylinder petrol engine
Abu Dhabi University and Knowledge Group to participate in IDEX 2019
Okadoc helps UAE patients find a doctor and book an appointment online instantly
Customs World develops RIISE: first of its kind leading-edge Customs platform
Bentley launches World's fastest, most luxurious SUV
Zayed University inaugurates largest Bloomberg Finance Lab in the Middle East
Kasih Food Production Co. reveals its latest food innovation, Mezete, at Gulfood 2019
39 days shopping extravaganza brought grand success to 13 participating malls
Mushrif Mall celebrates with Talentology 2019 Winners
H.E. Minister Buhumaid leads Dubai Cares' Walk for Education alongside 15,000 pa...
The Retail Summit officially opens
IKEA's TILLTALANDE Collection - Made in collaboration with Jordanian and refugee...
DAFZA to showcase its premium services to the F&B Industry at Gulfood
A Celebration of Italian Chefs, Producers and Ingredients all Week at Gulfood
Emirates Foundation's Think Science Fair 2019 Kicks-off with 1850 finalists nati...
What's New This Month at The Edit
Celebrate Valentine's Day with IKEA
Airbus to participate in the International Defence Exhibition and Conference (ID...
Ajman Free Zone announces official commitment to culture of innovation at “Digit...
Ethihad Airways to Deploy Latest Generation 787 Dreamliners on all its Flights t...
Western Furniture shares the best 2019 interior design tips to give it a go
NYU Abu Dhabi senior admitted to the Luce Scholars Program
Etihad ESCO announces completion of Hatta Solar retrofit project
Explore the art of bespoke suits with Kachins
Rado True Thinline Gem: Inma Bermudez for Rado
Smart Grids could save GCC Billions in infrastructure investment by 2020, says M...
How safe is your heart this Valentine's day?
Furniture brand, helmii, embraces Clean Sleeping as we approach Sleep Awareness ...
Emirates Post reminds customers to renew their P.O. Box subscriptions before 28 ...
Team UAE Set Sights on Nations Cup Qualification at Five Star President of UAE S...
DC Aviation Group completes major maintenance check on Challenger 850 aircraft
Aime and MRO Middle East end on the up
Indulge Your Love for Animal Print with M&S