Dubai Financial Market Provides Unrivaled Liquidity - Passes All Tests

Frankly, when I read this article in the Gulf News, I was more than a little dismayed.  It seems perhaps that not everyone has gotten the editor's memo yet.  I suppose one excuse is that this is a guest columnist .

Here's just one example of the unjustified negativism in this article:

"The most important thing to keep in mind at this time is that the market trend of both the Dubai Financial Market General Index (DFMGI) and Abu Dhabi Securities Exchange General Index (ADI) continues to be down. There is high risk of further declines both in the near and medium term."

Well, aware not only of the Gulf News editor's memo but possessed of a keen civic spirit, I've taken it upon myself to write the article as it should have been written.

Dubai Financial Market Provides Unrivaled Liquidity - Passes All Tests

Special to GulfNews:  Abu 'Arqala  December 28. 2009

"The most important thing to keep in mind at this time, particularly in the light of the unjustified negative campaign being waged against Dubai by the world press, is that the Dubai Financial Market  ("DFM") is thriving and reaching new pinnacles of success.

Under the wise political and financial leadership of the Emirate, the DFM has been providing unrivaled access to liquidity to investors wishing to rebalance their portfolios from equities to cash.  As part of this process, the DFM has repeatedly not only tested its lower support levels, but also in keeping with the spirit of Dubai has surpassed every test.  And thus broken through every barrier placed in its way.

At the present time we can expect this trend to continue, demonstrating yet again that the Emirate is motivated not only by a sound vision but excellence.  And while it may seem a bit self-centered, the DFM can truly claim to have set not only the tone but also the trading pattern for other regional markets as well.  This is after all Dubai - a model for the GCC.

As the Dubai market consolidates at these new levels, it is positioning itself for a renewed period of explosive growth."