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Stock market trading began in Dubai Financial Market (DFM) last March 2000. The Financial Market is used for trading securities, issuance of public shares from the corporations; federally issued security bonds, investment shares from the resources from the local source and other financial documents both national and international.
The control of the market is solely from the Emirates Securities and Commodities Market Authority (ESCA), who bans internal trading businesses and obligate transparent rules and discharge of information and procedures.
The emirate had incidence foremost entry of ventures in the stockmarket during the demise of the Iraqi leader, Saddam Hussein. The Market capitalization had attained a level high of Dh 4. 5 Billion, a 17 percent increase by late 2003. The market is cautious on the money laundering issue.
As an effect, the DFM refused to accept big amounts of cash to ensure that the money that they would get is from clean and legal sources. Strategies had been implemented by the financial market through organization and clearance of shareholders in the market.
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