Dubai Financial Market Essay Example | Topics and Well Written Essays - 1250 words

Dubai Financial Market - Essay Example The study has been initiated with a brief introduction on DFM and its establishment. This will assist the readers to know about certain interesting facts of DFM in relation to its establishment, and the stock performance on DFM in the last five years. The second part of the study is dedicated to its operations, which includes the strategies objective and organizational structure of the organization, the elements which play significant role in DFM, and types of securities that are traded in DFM. DFM aims to offer its investors a world-class financial market for securities and other financial asset trading. DFM is a fully automated secondary market or Bourse, which offers trading of shares, bonds, and sukuk, through only accredited brokers. The business framework is well connected through 3000 peripherals, which makes trading easier, safe, and effective. OPERATIONS Bourse Bourse is a place where these securities are purchased and sold. Traditionally the name Bourse was given after the name of a Belgian town which was known as Brouge. Bourse was the name of the owner of the hotel where the merchants met. Soon this name was inscribed on top of the financial markets where trading of securities was done. Bourse is the secondary market where securities are re-traded. DFM is also a Bourse, where securities are re-traded (sold or purchase through accredited brokers). Strategic Objectives and Organizational Structure The aim of DFM is to focus on the strategies to branch out their revenue streams and also develop ways to supply various innovative products or services. This would increase the activity of the members, markets and participants, that will assist in increasing the shareholders value and will lead to strategic growth and development, as Figure 2... This researcher of this essay focuses towards a precise discussion on Dubai Financial Market, which involves an analysis of the performance of Dubai Financial Market, its operations, securities that are traded in the market, and its financial performance. This essay discusses the Dubai Financial Market (DFM), that was founded as a sovereign corporate body, by the Ministry of Economy. It operated like a secondary market that traded securities issued by different public companies, units of diverse investment funds, bonds that were issued by local, and Federal government, and also public institutions. Dubai Financial Market started its operations since March 2000. As it was stated by Executive Council, DFM was set as a Public Joint Stock Company, in United Arab Emirates. The paid up capital for Dubai Financial Market was ascertained to be AED 8 billion, that was used to allocate around 8 billion shares. It was also decided that around 20 percent of shares would be offered for the public subscription. Trading on DFM started in March 2007. Dubai Financial Market was created with the vision of creating a world class marketplace in the Gulf region. The products of DFM discussed in the essay are segregated into two types, that are traded securities also known as shares, and debt securities, namely Islamic Sukuk and Bonds. The researcher then concluds that the DFM organization succeed because it was built on five key principles, namely: transparency, integrity, confidentiality, innovation and efficiency.

Project Management Essay Example | Topics and Well Written Essays - 2000 words - 16

Project Management - Essay Example For a novice project manager, the software can help create simple schedules with a work break structure where tasks are assigned start and end dates in a timeline. For the advanced user, detailed cost and resource allocations can be performed, with the facility of creating baselines to track project progress. Creating tasks, their dependencies, and assigning a timeline is a straightforward process in the friendly user interface. The software has a tabular interface where this information can be entered and a Gantt chart is automatically built in a split window on the same screen. Critical path can be determined by simply selecting options from the menu. MS Project has an intuitive interface but perhaps it is because of the complexity of representing project management in a software, and the number of options and features available, that sometimes make its usage a bit difficult. The difficulty level, of course, is reduced with practice and also with gaining more insight into project management concepts. MS Project has a strong project monitoring capability and the project manager can set up multiple baselines against which the project can be tracked through its life. Estimated costs, resources, and time usage can all be entered in the project file and checked against the actual data for any deviations. A large number of pre-formatted reports can be produced from the software. A useful facility is the ability to create custom reports to suit specific requirements. The software also has features to offer an integrated environment to the user by allowing linking of external files which can be opened from inside the project file by a simple click. This provides a useful function where external information related to specific tasks can be easily accessed without having to exit the program and search for files on the