Mubasher, the premier provider of e-financial solutions in the region and a subsidiary of the National Technology Group (NTG), has announced that it participated as co-sponsor in the Middle East Money Summit that concluded today (Friday, October 31, 2008) at the Jumeirah Beach Hotel in Dubai, as part of its intensified marketing campaign in the GCC. Mubasher has revealed that changing global market dynamics have increased the demand for reliable and secure investment platforms in the GCC, one of the world's biggest markets with an estimated USD 1.5 trillion in private wealth according to International Monetary Fund (IMF).
Mubasher also announced that it has been nominated for one of the major awards in the Middle East Money Summit Award 2008, which has been recognised as one of the most important industry benchmarks in the region. Mubasher conducted a comprehensive presentation of its newly expanded suite of solutions, which are collectively regarded as the most powerful combination of investment and trading tools in the industry.
"The GCC remains one of the world's biggest markets primarily because of the region's huge private wealth reserves. Mubasher provides a powerful combination of investment and trading tools that helps clients unlock exciting business opportunities and create new wealth. More importantly, Mubasher is empowering financial and stock market players to make highly informed investment decisions and generate greater value for their investments," said Eng. Mohammad Al Ballaa, NTG Chairman.
"The Middle East Money Summit served as an excellent venue to promote our industry-leading solutions and improve our exposure in this rapidly growing market. The event provided excellent networking opportunities and likewise opened new business leads with its impressive line-up of exhibitors and speakers, plus several high-profile visitors from around the world," added Al Ballaa.
Responding to the evolving requirements of the region's investment and trading landscape, Mubasher has recently expanded its portfolio to cover six different areas: Mubasher Information, Direct Financial Network (FN), Direct Broker for Financial Services (DBFS), Mubasher Financial Service (MFS), Mubasher.info, and Mubasher Media. The Middle East Money Summit provides excellent exposure to Mubasher's portfolio as the Summit opens access to several investors, decision makers, bankers, traders, financial institutions, CEOs, executives, family business owners and managers in the region.
Mubasher Information is involved in selling one-way market information through Mubasher Pro, Net or Mobile, covering over 50 exchanges and serving more than 450,000 investors worldwide. Direct FN is an outsourcing solution that provides brokers and financial institutions with state-of-art technology tools to automate, streamline and enrich their operations.
DBFS serves as the retail sales division of Mubasher's brokerage operation, and is headquartered at the 14th floor of Dubai World Trade Centre with a new office in Cairo. DBFS is a regional e-trading pioneer that enables retail investors to trade within local and regional markets.
Mubasher Financial Services (MFS) has been the leading provider of brokerage, trading technology, connectivity and other financial services for the Middle East since 2000.
Licensed and regulated in Bahrain, MFS is unique in providing clients with a single counterparty to trade and settle across all markets in the region via Mubasher Pro, its advanced real-time trading and analytical screen or with a single fix connection. In addition to DMA, orders can be worked manually by our dealing desk and we also provide fundamental and technical research for companies across the region. Mubasher is currently adding a full suite of Algorithms for the GCC markets and is expanding its connectivity to North African and Southern Asian Exchanges.
Mubasher.info has been the product of a collaborative effort involving over 130 professionals, making it one of the region's premier and most visited financial portals. As the preferred reference site for investors making online investment decisions, Mubasher.info offers a wealth of information covering nine exchanges and over 2,000 listed companies. One of the latest to join Mubasher's expanded line of trading solutions, Mubasher Media provides partner TV stations, print media outlets and telecom operators with valuable stock market information that are offered to viewers, readers and subscribers.
Mubasher is the largest online trading company in the Arab World and was the first to introduce online stock trading in Dubai Financial Market (DFM) and Abu Dhabi Securities Market (ADSM). Mubasher was likewise responsible in introducing the UAE's first bilingual (Arabic and English) real-time stock market information service and online trading engine.
